self employment guiding principles & steps to success financial support for the texas customized...
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Self Employment
Guiding Principles&
Steps to Success
Financial Support for The Texas Customized Self-Employment Project is provided by the Texas Council for Developmental Disabilities, with Federal funds* made by the United States Department of Health and Human Services, Administration on Developmental Disabilities.
*($112,704) (78%) DD funds; ($32,019) (22%) non-federal resources
Why People Choose Self Employment
To more closely meet their work dreams and goals
To supply their own accommodations
Better level of income and control of benefits
Opportunity
What People Need for Self Employment
TransportationEquipmentTrainingOn-going technical assistanceMarketing & logistical strategiesBusiness management services
The Difference Between Self Employment & Entrepreneurship
No increasing equity in a businessInitially, no employeesMay be a partnershipResource ownership to qualify for
a “created” jobNo business plan
Step 1: Finding the Dream
Utilize person-centered or “strengths based” techniques to establish interests, experience or resources
Gather information concerning strengths and interests in trying various business options
Step 2: Developing Supports &
AccommodationsEmployment team members often
supply supports or resources for supports
Supports may include:Business planningMarket developmentTrainingTransportation
Step 3: The Product
What exactly are you selling to make money?
Initially may be dictated by person’s interests, background, and values
Modification of product may be dictated by logistics, markets or expenses
Step 4: Marketing
Importance of selecting initial customer population
Importance of planning in reaching the target customer
Importance of modification of strategy as business activity progresses
Step 5: Pricing
Combat low valuation of the person’s time and contribution to the employment endeavor
May begin with a survey of similar business’ prices, if appropriate
Pay yourself enough!!
Step 6: Funding Your Dream
Do you have the $$Personal savingsSSA Work Incentives (PASS)Family membersOrganizational investorsMicro business loansSpecial economic development grants