Entrepreneurs: How it works
Through experience, NYPACE has found that entrepreneurial ventures typically fall into one of two groups: (i) established small businesses facing operational and/or strategic difficulties and (ii) nascent businesses in need of development assistance. In both cases, entrepreneurs in NYPACE’s targeted population lack access to the technical expertise, financial capital and business network needed to exploit new opportunities.
The difficulties that well-established businesses face may include poor financial controls, additional funding needs, inadequate staffing resources, growth management difficulties, operating inefficiencies, inexperienced or incompetent management and tough or advantaged competitors. By comparison, early stage businesses often need help analyzing the competitive landscape, creating realistic budgets, preparing materials for potential investors and building credibility with all potential stakeholders. NYPACE has the capability to provide assistance to entrepreneurs with any or all of these needs.
NYPACE seeks the collaboration of entrepreneurs who:
- are committed to their business
- reside in an under-resourced community
- have limited formal business education or training
- have a staff of less than 25 employees
Please help us support more community entrepreneurs by making a contribution to NYPACE. You can make a donation by clicking the donate button above.
Thank you for your support!
Stephanie George, Executive Director & the NYPACE Board of Directors
Email us for more information: email@example.com
Joy Hibbert of Love Joy Sweet Treats