Business Brief: SEED teaches basic business skills

The South Eastern Economic Development (SEED) Corporation and Martha’s Vineyard Savings Bank will hold two basic business workshops on Martha’s Vineyard aimed at assisting potential and existing entrepreneurs.

The free workshops are being held in cooperation with the U.S. Small Business Administration (SBA), Martha’s Vineyard Chamber of Commerce, Martha’s Vineyard Commission, and SCORE (For the Life of Your Business).

Both workshops will be held at the Harbor View Hotel, in Edgartown on Thursday, April 12. The first of these workshops, entitled “Learn the Fundamentals in Planning, Preparing, and Financing Your Business,” will be held from 8:30 to 11:30 am. Registration begins at 8 am. Breakfast and lunch will be provided free of charge to attendees.

This workshop is geared toward helping potential entrepreneurs evaluate and understand the fundamentals of owning one’s own business. Information on how to get started, where and how to get financing and the loan application process will be presented. Attendees will also be provided with a free guide to writing a business plan and other materials.

The second workshop entitled “Understanding the Purpose of Financial Statements and How They Can Help Determine the Health of Your Business” will be held from 12:30 to 3:30 pm. The focus of this workshop is to help attendees understand a balance sheet, income statement, and cash flow statement. The workshop also explains how a small business owner can anticipate financial needs in order to operate his/her business more efficiently.

Interested Islanders must call SEED Corporation at 508-822-1020 to register for either or both sessions by Thursday, April 5, 2012 and for directions to the Harbor View Hotel. SEED Corporation holds this entrepreneurial workshop series on a monthly basis throughout the region. For information on future sessions, please contact SEED.

SEED Corporation is a non-profit organization certified by the U.S. Small Business Administration (SBA) and designated as an Intermediary under the SBA’s Microloan Program. This program is designed to provide loans to new and existing business owners in amounts up to $50,000.

As a regional economic development organization, SEED also offers a full range of financing programs providing loans up to $5.5 million to assist small businesses to grow and create jobs in Massachusetts and Rhode Island. SEED works with other economic development and financing institutions throughout the region to ensure that individuals who are committed to owning and operating a small business in the region are able to get the assistance they need to be successful.

For more information on SEED and its programs, 508-822-1020 or visit seedcorp.com.