Tag: start-ups

IC Success: Back to School Business Academy Virtual Series Begins Oct. 6th

by BNMCin Business Development, Collaboration, Community, Diversity & Inclusion, Entrepreneurship, Event, Innovation Center, Local businesses, MWBE, Neighborhood Engagement, Small Businesses

IC Success: Back to School Business Academy

This free, eight-week webinar series will help you build and grow your business. Now is the time to invest your time and effort in yourself!

The BNMC’s IC Success: Back to School Business Academy webinar series runs every Tuesday from October 6th – November 24th from 6:00 pm – 7:00 pm via Zoom. See below for the topic each week.

Register now for the entire series.

Zoom links will be shared after registration. We recommend attending all 8 sessions to get the most out of this series.

IC Success is an education series started by the Buffalo Niagara Medical Campus, Inc. (BNMC) in 2019 as way to create pathways and building blocks for success in the small business community. BNMC is committed to helping all small businesses, including women, minority, and Veteran-owned businesses and enterprises to reach their full potential.

Attend all eight sessions and receive one free month at dig at the Innovation Center, the region’s best co-working space!

October 6th – So You Want to Start a Business – Now What?

20 questions to ask yourself, including: Who is my customer and how can I make them feel valued?; What is my product(s)/service(s)?; and What type of legal structure would be best for me to operate my business?

October 13th – Working through Start-up Costs

To properly understand if this will ultimately be a profitable business, we must do an analysis of all of the costs you will encounter to start and run your business. We will work through those on a provided worksheet. This will ultimately help us to determine what the price should be for your various product(s) and/or service(s).

October 20th – Creating Pricing and Revenue Projections – Will This Company Be Able to Make Money?

We will use provided Excel worksheets to determine fixed costs and variable costs to set a price for your products and services. From there, we can create revenue projections. Also, if the company is profitable, what are some investment options to manage the excess cash flow?

October 27th – Putting It All Together and Creating Pro-forma Financial Statements

We will use our Projected Revenue worksheets created in Excel and our Fixed and Variable cost worksheets to create the major pro-forma financial statements including an income statement, balance sheet, and cash flow projections.

November 3rd – Marketing and Building Parts of the Business Plan

We will create a marketing plan including a definition of your customer and how to make those customers feel valued through customer satisfaction. We will include a SWOT analysis (Strengths, Opportunities, Weaknesses and Threats) for your specific business.

November 10th – Management/Operations/Human Resources, Completing the Business Plan, and Legally Filing Your Business in Erie County

We answer questions such as, “Do I need a license to operate my business,” and “How do I file a business name in Erie County?” And, operationally, “What software packages can help me operate my business?” In addition, we will go over the “Guide to doing Business in Erie County” that is on the Erie County website. We will cover the major laws that you will need to know about if you hire employees, and how to retain and motivate those employees.

November 17th – Local Guest Speakers who have had Business Success

Open questions for entrepreneurs in our area who have already had success! Ask them what you would like to hear about! Perhaps, “How do you manage the life/work balance with this business operation taking up so much of your time.” Ask anything!

November 24th – Panel of Subject Matter Experts, Including CPA, Attorney, Insurance and a Banker

We will cover basics of taxes and the legal structure of your business. And, “Do I need an insurance agent, an attorney and a banker?”

This series will be led by Kerry Collard, MBA, a former banking executive who has taught in the field of Business Administration and Entrepreneurship for over nineteen years at local colleges in the Buffalo area.

BNMC, Inc. Now Accepting Applications for Seed Capital Accelerator Program, Sponsored by First Niagara Bank Program Designed to Support New and Growing Start-ups on the Buffalo Niagara Medical Campus

by BNMCin Campus-wide, Community, News5 Comments on BNMC, Inc. Now Accepting Applications for Seed Capital Accelerator Program, Sponsored by First Niagara Bank Program Designed to Support New and Growing Start-ups on the Buffalo Niagara Medical Campus

FOR IMMEDIATE RELEASETuesday, July 22, 2014

Contact:
Kari Root Bonaro, BNMC, Inc.
716.218.7157, kbonaro@bnmc-old.local

 

BNMC, Inc. Now Accepting Applications for Seed Capital Accelerator Program, Sponsored by First Niagara BankProgram Designed to Support New and Growing Start-ups on the Buffalo Niagara Medical Campus 

(Buffalo, NY – July 22, 2014) The Buffalo Niagara Medical Campus, Inc. (BNMC, Inc.) is now accepting wp-contentlications for its Seed Capital Accelerator Program, sponsored by First Niagara Bank.  First Niagara has provided funding to support new and existing start-ups that are affiliated with the BNMC’s Thomas R. Beecher, Jr. Innovation Center or entrepreneurship programs.

The new fund will provide up to $10,000 in seed funding to enable start-ups to overcome short term business obstacles, and to reach project milestones that are designed to get products and services to market quicker – thus yielding measurable longer term returns on investment.  Grants and loans will be awarded to businesses that have sustainable growth potential, a legitimate funding need, and are making a contribution to the social and business communities on and around the Medical Campus.

“This generous funding from First Niagara will allow us to further support the entrepreneurial ecosystem on the Medical Campus,” said Vic Nole, director of new business development for the BNMC, Inc. “We look forward to helping even more start-ups move from ideation to incubation, creating jobs and re-building our community.”

Program Description

BNMC, Inc. will make available grants or loans to eligible business owners under the program for the following purposes:

  • To purchase equipment or other capital goods.
  • For operating expenses that are directly related to a specific revenue generating project.
  • To acquire inventory required to satisfy a signed purchase order.
  • To pay up to 50% of a new hire’s salary for up to 90 days.
  • To pay for education, mentoring, or training for entrepreneurs and business owners that is directly related to the creation of a new business or the growth of an existing business within the Community.

The program will be directed to companies that are located on the Buffalo Niagara Medical Campus, or to companies (or entrepreneurs) that are being assisted with their formation and growth plans by the business development office at the BNMC, Inc.  Specifically, grants will be provided to either:

  • Revenue generating companies that sell goods and services,
  • Community building companies that provide goods or services to persons on or near the Medical Campus, or
  • Companies that need capital to deliver on projects for BNMC member institutions.

For program wp-contentlications please contact:

Vic Nole, Director of New Business Development, Buffalo Niagara Medical Campus, Inc.

vnole@bnmc-old.local.

Learn more at bnmc-old.local/seedcapital

About the Buffalo Niagara Medical Campus, Inc.

The Buffalo Niagara Medical Campus, Inc. (BNMC, Inc.) is a self-sustaining social enterprise successfully combining innovation, job creation, and urban revitalization. The BNMC, Inc. serves as the umbrella organization of the anchor institutions that make up the Buffalo Niagara Medical Campus located within the 120-acre campus bordering Allentown, the Fruit Belt and Downtown. The BNMC, Inc. fosters conversation and collaboration among its member institutions, its partners and the community to address critical issues impacting them, including entrepreneurship, energy, access and transportation, workforce and procurement, neighborhoods, and healthy communities, with the goal of increasing economic development and building a strong community.

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