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November 13, 2012
< 1 minute read

UCEDC OFFERS ENTREPRENEURSHIP TRAINING


NJToday.net
November 13, 2012

CRANFORD–It’s the American dream – having your own business, being your own boss, setting your own hours….But before you take the plunge (or before you get in too deep in a business that you just started), you need to do some serious self-reflection and homework.

That’s why UCEDC, a statewide economic development corporation, is offering an intensive six-week workshop for early-stage businesses (those in the idea/planning phase or in operation less than a year). The next session of “Entrepreneurship 101: are you really ready to start your business?” is scheduled for Thursday evenings (6–9 p.m.), Dec. 6 – Jan. 17, at UCEDC’s headquarters in Cranford.

“The small business failure rate is staggering,” warns Erich Peter, UCEDC’s director of training. “But you’ll be more likely to succeed if you consider every challenge ahead of you and make sure you have what it takes to meet them.”

Participants will be guided through a real-world assessment of their business idea and market feasibility as well as their own ability to handle the demands of business ownership. The steps to opening a business in New Jersey, choosing a legal structure, developing a business plan and establishing cost, revenue and cash flow projections will be addressed in a variety of interactive exercises. 

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