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The University of South Alabama (USA) Melton Center is taking applications for the new Minority Business Accelerator, sponsored by PNC Bank and USA.
Five minority entrepreneurs, (or company teams of 1-3 persons) interested in growing their business will be selected for the eight week entrepreneurial training series featuring Lean Launch and Business Model Canvas principles.
This program is not intended for pre-revenue or startup businesses or later stage companies that have revenue in excess of $400,000 per year. We are looking to help those with some time and skin in the game, with minimal or little revenue, seeking to learn and grow their company. If you’re not sure you qualify, apply.
Kickoff is Monday, August 26 from 5:30 to 8 p.m. and the program runs Monday, September 9 through Monday, October 21. The sessions will be held in the Mitchell College of Business Executive Boardroom (MCOB #101).
The Graduation Ceremony and pitch competition is Monday, October 26th where the business owners will present to a judging panel to compete for cash and in-kind services. Upon completing the program business owners will also receive a small stipend.
Minority is defined by federal guidelines: 51 percent owned, operated and controlled by African-America, Hispanic, Asian or Native American.
Application deadline is Monday, July 15, 2019.
PNC is one of the largest diversified financial services institutions in the United States. PNC provides deposit, lending, cash management and investment services to more than 6 million consumer and small business customers across 19 states and the District of Columbia, via more than 2,600 branches, online and mobile services along with 9,000 ATM machines. As of June 30, 2016, PNC had approximately $135 billion in assets under management and $261 billion of assets under administration. PNC has been ranked as one of the top U.S.-based bank-held wealth managers by Barron’s (2015) and received the Great Work Place Award for highly engaged employees committed to customer service by Gallup (2015).
If you fail to plan, you plan to fail. Business plans are not just for starting a business – they are essential for growing a business. Many owners believe a business plan is needed only when trying to secure financing, but the business plan is, first and foremost, a plan for you, the business leader. It’s secondary role is for potential lenders. A business plan should also serve as a management tool to help establish production goals and measure performance.
Links for information on business planning and sample business plans: