resources for self employment services
TRANSCRIPT
![Page 1: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/1.jpg)
Resources forSelf Employment Services
for Individuals with Disabilities
Presented by
Patti Lind
![Page 2: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/2.jpg)
The Abilities Fund is the first and only nationwide
community developer and financial lending institution
targeted exclusively to advancing entrepreneurial
opportunities for Americans with disabilities
-2-
![Page 3: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/3.jpg)
Self Employment as a Vocational Goal
From an individual perspective• Business is a cornerstone of the American Dream• People who report a work disability are nearly twice
as likely to be self-employed (14% vs. 8% - US Census)
From a service-provider perspective• The national average of VR case closures due to self
employment is still 2.6% (RSA)• Encourages self-determination and allows an
individual to plan his/her vocational goal
From a business perspective• Can be a source of social and economic
empowerment -3-
![Page 4: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/4.jpg)
Iowa’s Entrepreneurs with Disabilities Program (EWD)
Partnership:– Iowa Department of Economic Development &
Iowa Finance Authority– Iowa Vocational Rehabilitation Services– Iowa Department for the Blind
13th year of operation 340+ businesses, 1,000+ applicants Sustainability rate exceeds national
average (50%) Businesses employ others with disabilities Business owners are demonstrating they
can replace Social Security benefits with business income -4-
![Page 5: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/5.jpg)
Defining Business Operations:When People Go Into Business
. . . Accommodates disability
• Full Time vs. Part Time
Links underutilized skill sets & knowledge
Self determination is realized
Cultivates life long work habits
-5-
![Page 6: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/6.jpg)
Good Business Ideas...
• Provide clarity in all aspects through business planning– Defining business concept– Understanding market need &
demand– Financial feasibility
• Well matched to individual• Feasibility is measurable!
-6-
![Page 7: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/7.jpg)
Meeting the Needs of Promising Entrepreneurs
Online Business Development Tools ~ Summer 2007!
www.abilitiesfund.org
Informed Choices ©Data Collection Tool for Personal Assessment
Financial LiteracyFinancial Planning for Microenterprise
Feasibility First©
Assessing Business Feasibility
Planning for Business Success!Completing the Business Plan
Online MicroloansFor Business Start Up, Expansion, and Stabilization
-7-
![Page 8: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/8.jpg)
Assessing Individual Potential with
Informed Choices©
Data Collection Tool
Unique combination of data to inform the individual and business facilitators
•Individual Preparedness– Work history– Business-related technical soundness– Financial track record– Disability-related issues related to
business– Personal motivators
-8-
![Page 9: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/9.jpg)
Financial Literacy
Financial Planning for Microenterprise
• Are you ready to start a microenterprise?– Setting the Goal– Understanding How Your Financial Health May
Impact Business Development– Building your Assets: Saving for Business– Understanding Debt– Managing Expenses– Financial Skills for Business Owners
-9-
![Page 10: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/10.jpg)
Assessing the Business Idea:Feasibility First©
• Concept Feasibility:– Business idea + Management Capacity
• Market Feasibility:– Geographic Area + Competition + Markets
• Financial Feasibility:– Adequate Capitalization + Resources
-10-
![Page 11: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/11.jpg)
Planning for Business Success:
Completing the Plan
• Building on Feasibility First©
– Comprehensive Business Plan• Executive Summary
– Defining the Business– Organizational Structure
• Market Plan– Market Analysis– 12 Month Plan for Marketing Products/Services– Plan for Engaging Customers
• Financial Plan– 24 Months of Financial Projections– Break-Even Analysis– Plan for Recordkeeping and Bookkeeping– Plan for Engaging Funding Sources
-11-
![Page 12: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/12.jpg)
Access to Capital:Microloans for Entrepreneurs*
• Loan Program Goals*– Loans from $500 - $25,000– Up to 60 months– Inventory, Equipment, Licensing, Marketing and other
Start Up Costs
• Direct Loans with Loan Guarantees in States with Disability Program Navigators:
AZ, CA, CO, DE, FL, IL, IA, MD, MS, NY, OR, OK, SC,VT,WI, AK, HI, IN, MI, MN, MO, NE, NJ, RI, TN, TX, VA, WV & the
District of Columbia
• Assistance in Organizing Participation Loans
* Pending -12-
![Page 13: Resources for Self Employment Services](https://reader035.vdocument.in/reader035/viewer/2022062418/5559880cd8b42a14638b4850/html5/thumbnails/13.jpg)
For more information, contact:
Patti LindThe Abilities Fund