bizlaunch...presentation to the economic development commission tara palacios february 12, 2019....
TRANSCRIPT
FABRIKAM
BizLaunchPresentation to theEconomic Development Commission
T a r a P a l a c i o s
F e b r u a r y 1 2 , 2 0 1 9
FABRIKAM
We Love What we Do!
FABRIKAM
Counseling, Workshops, Training & Research
FABRIKAMHelping Turn Dreams Into Reality
History of BizLauncho Launched February 2002o Small Business Hub – Small
Business Info Center (SBIC)o Partners: Libraries, GMU,
US SBA & EDCo Current staffing: 1 FTE, 1
PTE & Management Interno 4 SCORE Business
CounselorsBUDGET = $30,000
BizLaunch Goals
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Provide value to business owners by aiding in building capacity;
80% of entrepreneurs fail in the US within first five years of operation – build foundation so don’t fail;
Healthy businesses = healthy community (taxes) = healthy economy;
Value to Small Businesses = Accurate information and business intelligence.
BizLaunch:Foundation Pi l lars
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Research Education Counseling
BizLaunch Components• Educational Seminars (FREE)• Business Counseling (FREE)
• Access to Business Intelligence (FREE)
• Market Research Data (FREE)• Training on specific topics of
interest to entrepreneurs
• Interactive Web site• Networking• BizLaunch en Español
The BizTeam: Cross-Departmental Team
• C r o s s - d e p a r t m e n t a l A r l i n g t o n C o u n t y t e a m w h i c h w o r k s c l o s e l y w i t h e n t r e p r e n e u r s w h o h a v e s p a c e n e e d s ( C o m m e r c i a l / R e t a i l U s e ) ;
• M e m b e r s : A E D , H e a l t h D e p a r t m e n t , P l a n n i n g , B u i l d i n g I n s p e c t i o n s , Z o n i n g , C o m m i s s i o n e r o f R e v e n u e a n d m o r e ;
• W o r k w i t h e n t r e p r e n e u r s b e f o r e t h e y s u b m i t p l a n s t o e n s u r e p o s i t i v e o u t c o m e .
Educational Seminars
• 100+ seminars each year (106 in FY18);• Topics range from social media, financing (+
crowdfunding), business planning and starting a business;
• Average 40 participants each session;• Examples: Brunch & Business, Fireside Chats, and
more!
Business Counseling
• 6 Counselors whose expertise range in business development
• 4 SCORE counselors• 1 Spanish-language business
specialist• BizLaunch Director• Examples: Business Plan
Review, Lease Review, Marketing Plan Review
Business Intelligence/Market Research
• Complimentary Business
Databases
• Co-licensed with Public Library
• Statistics by industry sector
• Marketing Research (foot
traffic, competitive markets,
target markets etc.)
• & More….
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BizLaunch en Español
• Launched in 2004• Regional partners with Latino Economic
Development Center, GWHCC and Virginia Hispanic Chamber of Commerce
• From FY2004 – FY2018 BizLaunch en Español conducted 189 workshops, and provided 1,322one-on-one business consultations with a grand outreach total of 15,869 participants.
53,311 !!S i n c e 2 0 0 2 w e ’ v e t o u c h e d e n t r e p r e n e u r s .
FABRIKAM
A Snapshot of BizLaunch Stat ist ics FY18
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English Spanish Combo (ST) SCORE LEDC Totals
Workshops 52 10 6 38 (2) 106
Workshop Participants
2,567 907 227 English112 Spanish
673 --- 4,483
Counseling 158 144 --- 391 42 735
TOTAL 2,725 1,051 336 1,064 42 5,218
Our Partners
Examples of BizLaunch Clients - 2019
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Small Business Trends 2019• Volume of requests for assistance increasing• The number of women in business is
increasing• Health & fitness industry on a continued
uptick• Childcare inquiries increasing from last year• Access to capital of interest – especially
venture capital• Art as a business• Government Contracting steady
FABRIKAM
THANK YOUw w w . a r l i n g t o n e c o n o m i c d e v e l o p m e n t . c o m /
b i z l a u n c h
TA R A PA L A C I O S
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t p a l a c i o s @ a r l i n g t o n v a . u s