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Defining the Telework Program, Microenterprise and MDOs (Micro Development Organizations)

Defining the Telework Program, Microenterprise and MDOs (Micro Development Organizations). TW Fund Checklist.  The applicant experiences a disability  The applicant’s disability creates a barrier to employment  The applicant’s proposed work overcomes that barrier

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Defining the Telework Program, Microenterprise and MDOs (Micro Development Organizations)

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  1. Defining the Telework Program, Microenterprise and MDOs (Micro Development Organizations)

  2. TW Fund Checklist  The applicant experiences a disability  The applicant’s disability creates a barrier to employment  The applicant’s proposed work overcomes that barrier  The work can effectively be performed at the proposed location  The proposed work location is appropriate based upon its relationship to the proposed work  The equipment to be purchased with the loan is necessary to make that form of work possible at the proposed location  The loan increases access to technology or equipment  The loan increases employment opportunities and competitive employment outcomes Primary employment goal at time of application was to:  Become newly employed in telework for an employer  Become newly self-employed  Change to teleworking job for an employer  Change to self-employment job  Expand existing business  Other, brief description: Maintain Employment

  3. TW Program Categories • Employment related • Pre Start Up • Credit builder • Start Up (Micro and Small) • Existing Businesses (Micro and Small) • IDAs

  4. Business Plan Guides • Before you start writing… • Feasibility Analysis Outline • Business Plan Outline • Business Plan Worksheets • Business Plan Template • Cash Flow Projections

  5. MDO Range of Services • Microenterprise Development Organizations (MDOs) provide a range of services, depending upon their mission, philosophy, and funding • The range includes the core services of Training, Technical Assistance (TA), and Credit

  6. Range of MDOs • Some MDOs provide just training and/or TA, some provide just lending, and others provide any combination of all the core services, as well as additional services such as IDAs and tax preparation.

  7. Videos • http://mac-sa.org • http://biznik.com/shine

  8. Training Service Range • Training services include personal effectiveness, economic literacy, and business training (business basics includes market research, cost analysis, financial projections, marketing plan, and record keeping) • Delivery includes classes and group work, one-on-one, webinars, and self-study • Services may be provided in house or through partner organizations

  9. Business Training • A written business plan often the goal of training • Many curricula available • Multi-week course, 8 – 30 hours • Usually delivered prior to business start-up or in early stage of business

  10. Technical Assistance • Usually specific issues related to specific business • Delivery Varies: provided to individuals or groups through staff, consultants and mentors • Can be broad or specialized • Before and/or after loan disbursement

  11. Credit Service Range • Loan Size ranges from $500 - $35,000 • Delivery Methods include peer lending, individual loans, credit builder loans, and lines of credit • Underwriting requirements vary depending upon policies and loan size

  12. Client Demographics Range • Entrepreneurial Demographics – startup vs. existing businesses, income level (TANF recipients, low/mod income, working poor), minorities, women, youth, people with disabilities, immigrants • Geographic Regions - rural, inner-city, certain counties, state-wide, economically depressed areas • Business Sectors – child care, food sector, etc.

  13. Program Operations Range • Some MDOs are stand alone • Some MDOs are housed within another organization that serves their demographic • Examples are Community Action Programs (CAPs), YWCA’s, and Economic Development agencies

  14. Summary • Entrepreneur must be motivated and want to build a business • Training is critical, can be delivered in small groups or individually • Training helps entrepreneur think through all elements of business

  15. Summary • Partners are critical • No program can meet all the needs of all the clients • Start identifying those partners now (SBDCs, MDOs, Mentors, Consultants) • Get to know the service providers personally

  16. Resources • AEO www.microenterpriseworks.org • State Microenterpise Associations • FIELD (Aspen Institute) www.fieldus.org • Business Resource List

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