Take Charge of Your Business® and Primer paso FastTrac®

A program of the Kauffman Foundation

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Entrepreneurs = Recovery

In the midst of our financial, entrepreneurs will once again lead the economic recovery.

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Sponsored By: Kauffman

Stories

Julie Burleson

Backyard Basil

In March 1999, Burleson and Nettles put their mutual hobby to work with Backyard Basil, a Waco, Texas-based retail store offering culinary herbs, basil milk bath and aromatherapy candles. After renting 300 square feet within a local co-op for a year, the duo realized they needed a storefront of their own. So Backyard Basil now simmers on the back burner while they regroup.

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First Step FastTrac® and Primer paso FastTrac®

Dreams Are the Cornerstones of Entrepreneurship

Entrepreneurs are do-ers! Their excitement and relentless pursuit of their dreams plunges them into action. This determination, teamed with knowledge, can make your dreams come true.

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Can your idea be turned into a profitable business? Willpower and hard work are not enough to guarantee success. You must first determine the feasibility of your idea. The process of determining feasibility will help you:

  • Examine your willingness, desire, and courage to be a successful entrepreneur.
  • Define your personal vision and goals.
  • Gather information.
  • Solve problems.
  • Test assumptions and solutions on paper.
  • Check that the business is in line with your personal vision and goals.
  • Finalize your plan.

GO! or NO GO!

The feasibility plan is based on a leading planning process found in the entrepreneurial training program, FastTracĀ®. The desired out come of First Step FastTrac is a written feasibility plan that helps you decide whether your business idea is a "GO!" or "NO GO!"

Before you quit your job or invest your life savings, wouldn't it be nice to know whether your business idea has merit? In First Step FastTrac, you'll examine your business idea from every angle. Not only will it help you make a decision about starting your business, you will discover whether the life of an entrepreneur is right for you.

Laying the Foundation

In First Step FastTrac, you'll work closely with other entrepreneurs, sharing ideas and experiences, and laying the foundation for future business relationships. In coaching sessions, you'll explore issues such as: What additional opportunities exist for entrepreneurs? How can I market my new business? How do I price my products and services? How do I begin developing a budget?

During this program, you will:

  • Explore strengths and opportunities for personal and professional development.
  • Develop a feasibility plan so you can evaluate your business concept.

Ready, Set, GO!

By the time you finish the program, you'll know whether your ideas has "legs" and if starting a business is the right decision for you.

Also available in Spanish.

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