The NEBA Business Development Center and Self-Employment

 

Who might be the next Donald Trump?

For the NEBA Business Development Center (BDC) that person could be any one of the 30-plus entrepreneurs who have completed a business plan through our program.

Since 2007, 83 individuals have explored the possibility of starting a business through the NEBA program. Did they all complete the self-employment path?  No.  But each individual did discover what the right path might be for becoming self-supporting. The 39 individuals that made the commitment to own a business and become self-employed are striving to be self-supporting and self-directed.

How did these individuals become self-employed?

The BDC offers assistance to people with disabilities to establish their own business. The program provides entrepreneurial training from the development of a business concept, the writing of a business plan to assisting, as needed, in the actual implementation of the business.

The program started by serving five individuals with a spectrum of disability challenges, and now serves 51 active participants. Direct service hours have expanded from 50 hours in the first year to 1,122 hours in FY 2010-2011. To date 39 plans have been written.

Program participants come by referral and as “walk-ins”. Most are Social Security beneficiaries using their Ticket to Work benefit. The goal of the BDC program fits perfectly with the goal of the Ticket to Work program; to assist participants in being self-supporting.

Once accepted into the BDC program the participant begins a series of weekly meetings that continue for an average of 60 hours to complete a SCORE-based plan. (SCORE is a program of the Small Business Administration to assist new business owners).

The BDC curriculum develops a participant’s financial literacy based on managing business operating costs, monitoring cash flow and developing business equity. Computer competency, using Word and Excel, is another outcome of the program. Participants work to develop their business idea, complete a business plan and implement their business concept.

The course begins with the development of the business financials. Operating expense information gives the participant an understanding of what it costs to run the business they have in mind. Expense information reveals the product or service price needed to cover costs. Participants develop three years of financials and the narrative to explain the financials.

In the current economic environment self-employment growth from all sectors of the population is a critical component to the revival of the general economy. Ironically, any surge in new business development has historically been during times of economic recession.  This is true for the disabled as well as the non-disabled.

If you know anyone with a disability that is interested in being self-supporting, share this blog. The NEBA website www.nebaworks.com provides information on both supported employment and self-employment.  Both paths lead to being self-supporting.

How can more individuals with disabilities participate in the current economic revival?

Explore the possibility of self-employment through a personal assessment.

Why is being self-supporting a benefit to all?

When the entire community is self-supporting, there is more for everyone.

Colleen M Moynihan,  M Ed,  CLU, CMFC
Director, NEBA Business Development Center

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