The entrepreneurial startup organization BizStarts is launching its third BizStarts Institute program on Saturday, this time in collaboration with AARP Wisconsin.
“AARP Wisconsin has provided BizStarts with $ 20,000 worth of seed money to help entrepreneurs in the institute program get their businesses up and running,” BizStarts said in a statement.
The BizStarts Institute is a program launched in 2020 that teaches entrepreneurs from underserved areas the basics of business management.
The program wants to help Low-income entrepreneurs are making their dreams come true – and improve the Milwaukee neighborhood at the same time.
The first part of the program takes place at St. Ann’s Center for Intergenerational Care and takes place every Saturday for six weeks. After the entrepreneurs go through the program, they are matched with a mentor and student counselors to help them start their business.
“I can’t tell you how excited we are to be working with AARP,” said Patrick Snyder, Executive Director of BizStarts, in a statement. “These companies only need a small amount to get started and generate positive cash flow.
“Most of our entrepreneurs are customer-financed – they grow when more people buy from them,” said the organization’s statement. This means that “with just a little start-up capital, you will never feel the pressure to take out a loan.”
The bootcamp program, which starts on Saturday, ends with a competition in which the participants can pitch their business plans.
“The winner of the pitch competition will be rewarded with $ 1,000 in prize money,” said Snyder. “The rest of the starting capital will be divided equally between the rest of the cohort.”
You can find more information about the BizStarts Institute at https://bizstarts.com/bizstarts-institute/