1 / 20

Micro-Business Resources and Roundtable

Micro-Business Resources and Roundtable. Growth through Change, Partnering & Data Collection. Roundtable Panelists & Partners. Joe Longcor, MI MIG Deborah Nale, Consultant Ron Irvine, Hope Network Susan Speers, CEI CMH Shannon McVoy, MCB Dorothy MacLean, MORC Alexis Horton, MRS

kina
Download Presentation

Micro-Business Resources and Roundtable

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Micro-Business Resources and Roundtable Growth through Change, Partnering & Data Collection

  2. Roundtable Panelists & Partners • Joe Longcor, MI MIG • Deborah Nale, Consultant • Ron Irvine, Hope Network • Susan Speers, CEI CMH • Shannon McVoy, MCB • Dorothy MacLean, MORC • Alexis Horton, MRS • Jim Garrison, MRS

  3. Supported Self Employment & Micro-Enterprise in Michigan • Last December, 7 CMHs, vendors and consultants were asked by MIG to meet and discuss their SSE/ME Initiatives. • We discussed collecting and tracking some baseline data; identifying when does a hobby become a business. • Best Practices Examples in various counties/agencies. • Looking at the current Statewide Micro Enterprise Association Initiative. • How best to partner with MRS, MCB, etc to enhance outcomes for both individuals and partners. • Purpose: to build a collective story and voice for sustainable, collaborative support to make self-employment a viable option for persons with disabilities.

  4. Micro-Enterprise: A brief history • The interest in Microenterprise for innovatively providing ways for people to move out of poverty in the US has been steadily growing in many areas: homelessness, disabilities, among organizations involved in economic / community development. • Supported Self-Employment and Micro Enterprise initiatives gained energy in Michigan beginning in 1999 and 2000. The foundation of both models is built on the principles of self-determination” (Supported Self Employment 101 Booklet). • Services for microenterprise development have been provided by Community Mental Health Medicaid Funds for people with developmental disabilities and mental illnesses for the past decade.

  5. Micro-Businesses How are they defined: • Fewer than 5 employees; typically one owner, non-employer businesses with over $1,000 in gross receipts and subject to taxes according to SBA. • $35,000 or less in start-up capital needs Why are they important to an economy/community: • Micro-Businesses generated $950 billion or 7.5% of GDP in 2006, with over 25 million individual micro businesses. • 15.8% of all Michigan employment is generated by micro-business, approximately 780,000 in MI! • 13% of the U. S. adult population run them. • Micro-Business represents 87% of all businesses in the US. Entrepreneurs have brought the US out of recessions, 8 out of the last 9 times.

  6. Lets start tracking! • Data Collection is gauging: • DBA Filing • Business Plans • Net Earnings over $400/yr (IRS standard for a “concerned business” vs hobby) • Fundability • Quarterly Gross Sales • Quarterly Local Purchases

  7. Data Parameters • On-line Spreadsheets (google docs) • Nine area agencies to date • 170 micro-businesses in Data Pool • 100% Confidential (only #’s used) • 1st 3 Quarters of 2010; • January – October 18, 2010 • Ten months of data as of 10/18/10

  8. A beginning Glimpse into Michigan’s Micro Enterprise Economic Impact and its potential! • 98%of micro-enterprises have a Business Plan! • 85% percent secured Funding! • Medicaid, MRS, Loan or Other • $60,700 in collective Gross Sales! • $116,750 in local, B2B Purchases!

  9. More Economic Impact!!! • One third (33%) meet the IRS definition of real business versus a hobby. • Nearly half (46%) have filed their DBA with local County Clerk’s office. • 33% have Natural Supports for businesses. • 38% have quarterly Gross Sales of over $100. • 20% have $500+ in quarterly Gross Sales. • 10% have $1,000+ in quarterly Gross Sales. • 27% have purchased over $500 in a quarter for raw materials/services needed Micro Enterprise; • 13 of whom spent over $2,000 in one quarter • 3 of whom spent over $5,000 in one quarter Now that’s ECONOMIC IMPACT!

  10. Resources & Partners for Funding • Micro-Business Development Resources • Lenders • Support Organizations • Best Practices • Business Plan Templates • Replicable Statewide Models

  11. The Micro Enterprise Modelfrom the Mid-Michigan District of Michigan Rehabilitation Services.Jim GarrisonBusiness Service RepresentativeAlexis HortonMicro Enterprise Coordinator

  12. Sheree’s Country Scrapbook and Jewelry. She began her business in her garage and recently moved to downtown Mt. Pleasant in March 2010. Sheree sells brand name scrapbook supplies and embellishments. http://comescrapwithme.com

  13. Don Martin is the proud owner of Two Stroke Cowboys. Don builds custom pedal assist bicycles from his home in Midland, Michigan. A great alternative mode of transportation. http://twostrokecowboys.com

  14. Deanna Klimkiewicz owns and operates Paws and Claws, a full service grooming parlor, out of her home in Beaverton, Michigan. Deanna opened Paws and Claws shortly after her graduation. She currently provides dog grooming, bathing, and boarding services.

  15. Davis MacDonald, Owner of Timeless DVD Memories, earned a Bachelor of Applied Science from Central Michigan University. Davis inquired with MRS in hopes that we could assist him with starting his business specializing in creating DVD life stories using photographs. He promotes his business as a perfect gift for anniversaries, memorials, birthday celebrations, weddings and graduations.

  16. ROUNDTABLE:What ME model are you using? • Ron Irvine, Hope Network • Susan Speers, CEI CMH • Shannon McVoy, MCB • Dorothy MacLean, MORC • Alexis Horton, MRS • Jim Garrison, MRS • Deborah Nale, Consultant • Joe Longcor, MI MIG

  17. Facilitated Discussion… • How do we, as a State, best move forward to make self-employment a viable options for people with disabilities…?

  18. Call to Action! • Contact Us! For more Information! • Joe Longcor, Project Manager, MI Medicaid Infrastructure Grant. • Deborah Nale, Certified Business Consultant & Micro-Enterprise Specialist. • Join Us! To increase our Collective Voice! • Sign Up Sheet • Call Deborah at (231) 920-4260. • Call Joe at (517) 241-1730.

  19. Acknowlegements • Prepared by; Deborah Nale, B.A., CBC, Manistee, MI (231) 920-4260 under Contract with & funded under the Michigan Medicaid Infrastructure Grant Award Number: 1QACMS030532/01 from the U.S. Department of Health and Human Services Centers for Medicare and Medicaid Services received by the Michigan Department of Community Health.  However, the seminar does not necessarily represent the policy of the U.S. Department of Health and Human Services and the Michigan Department of Community Health. Employment Works! 11/5/2010

More Related