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Elevator Grant | 8th Annual Conference | Lorain County Community College, OH
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July Update - Progress!!

Posted By Katie A. Van Dyke, Monday, July 11, 2011
This summer is flying by! While we all enjoy the sunshine and warm weather, we here at the Entrepreneurship Innovation Institute at Lorain County Community College have been watching a lot of progress being made with our Coleman Grant participants!
We have provided 2 hours of mentoring with our GLIDE counselors to the participants - providing assistance to writing business plans, starting the process of registering businesses with the state, coming up with names of the businesses, locating accountants and lawyers for further guidance, and basically watching these people grow into business owners.
Each of the participants have such unique stories to tell and businesses they are creating. We are very proud of their hard work and dedication. 20% of our participants are already making a profit, and 20% are opening by fall. How exciting! I will be personally visiting their businesses next month and posting up their personal stories and pictures.
In the meantime, we are gearing up for a finance seminar that our business owners are attending next week. Banking Expert Suzanne Ferrara, Vice President & Business Banking Sales Manager from PNC Bank,  and Finance Advisor  Nancy Ernstes from GLIDE will be presenting on valuable information for all aspiring business start-ups, including:  
*Details on how to secure financing with a bank
*Writing a business plan for the bank
*Steps to take as a business owner in searching for other resources available
*How to avoid accounting and book keeping mistakes as a small business owner
*Tips on starting your business with smart accounting practices  

We are all so happy to have such a positive experience working with our participants, mentors, and our college. Together, we are creating jobs, businesses, and new opportunities!

Stay tuned for personal stories of our participants next month!

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