Temple Daily Telegram
Temple Chamber Focus on Business | Christian Hernandez, Temple ISD – LT Class of 2020, Action Team – Temple Entrepreneurship Development Series (TEDS)
I’m a sucker for an underdog story, so I won’t say never, but hardly does a small business ever get started on passion alone. The truth is: opening any business may be the most daunting undertakings anyone can commit to. There are just so many variables. How do I get my sales tax license? How much should I expect to pay in taxes? What do you mean I can’t open a business checking account without a DBA? What is a DBA? What options do I have for funding the start of my business? How many people can I afford to hire? Do I need insurance? What sort of insurance do I need? How will people find my business?
There are plenty of questions to make anyone second-guess if it’s worth opening their own business. A lack of confidence shouldn’t stop you, but a lack of a plan surely will.
So, what can you do to avoid the pitfalls of entrepreneurship? How do you plan for something you’re unfamiliar with? You get some help from someone who has traveled the road ahead – a guide. Or, you know, ten.
The Temple Entrepreneurship Development Series is an 8-week course of weekly classes that address some of the most challenging aspects of small busi-ness ownership. This program, taught by professionals in the community and professors at the McLane College of Business at the University of Mary Hardin-Baylor, is a risk-free environment to put your business plan to the test.
Classes begin Thursday, April 16th and will proceed weekly with the following schedule:
- April 16 – What’s the Big Idea: Vision, Mission, Business Plan & Leadership
- April 23 – Marketing Technology: Website, Social Media, Networking
- April 30 – Marketing: Target Market(s), Sales Projections, Pricing Strategies, Advertising
- May 7 – Accounting: Cash Basis, Cash Flow Forecast, Budgeting, Sales, Expenses & Profits
- May 14 – Finance: Funding, Debt & Equity
- May 21 – Legal & Insurance: Organization Tips & Coverage
- May 28 – Taxes: Sales, Income & Payroll
- June 4 – Wrapping Up: Launching, Operational vs. Strategic Decisions, Growth & Exit Strategy
These classes will be held at the Santa Fe Plaza Business Center from 7-9 p.m. on Thursday nights. Each class will start with a different keynote speaker – ranging from successful Temple entrepreneurs to community decision-makers – to encourage and inform class participants of the possibilities of entrepreneurship in Temple
During a recent speaking engagement at the Chamber’s annual Salute to Business, Governor Greg Abbot said this about Temple’s economic fertility: “The business leaders of Temple have put this region on the map by providing more opportunity and more jobs to those who call Central Texas home…. The Lone Star State is fortunate to have such successful communities like Temple, and I look forward to its continued emergence as a place of hope, prosperity, and opportunity.”
Conditions are right to start a small business in Temple. Make sure you’re ready. Register at www.templechamber.com/teds by March 26th!