The
National Association of Home Based Businesses, (NAHBB) and the newly formed
Micro-Business Enterprise Association, (MBEA) has established a Fast Track
Business Development Program that will connect micro-business enterprises in
urban and rural areas to the new global marketplace. A Micro-Business Enterprise
is described as a small business venture with fewer than 25 employees and/or
annual gross revenues under 2 million dollars. Small business ventures are
entering a new era of enhanced competition as local, national and international
markets combine as one.
In
todays fast pace economy small business owners need access to business support
associates who can help them start and grow their business ventures. A business
plan is no longer sufficient, if you want to secure venture funding, you must
have a business model that is third party verified. The
standard
for growing a successful small business has been raised forever. Starting a
small business from scratch with few resources is almost impossible. One of the
lasting legacies of the dot-com era was how new entrepreneurs gained access to
unlimited venture capital. Our management believes those days are still here and
that venture capitalists and private investors are still investing in
early-stage start-ups with high growth potential and innovative business models.
However, each entrepreneur that seeks equity funding will need a third party
verified business model that is built by an experienced business development
team. These business development teams consist of business developers, and
professional consultants, such as accountants, lawyers, management &
marketing specialists. Certified business models that are built in authorized
business incubators are becoming the preferred business structure of new market
investors because they are developed and tested in the actual marketplace.
The
venture capital community has changed the investment cycle from seven to three
years. In the old economy, venture capital firms invested in companies that had
track records of seven years or more. Today however, even the method of
selecting a business has changed. Even though the investment pace has lessened
somewhat since the dot-com boom era of the 90s there are still investors willing
to invest in small business ventures with a track record. A small business that
starts today must be treated as an investment in order to attract the necessary
business capital.