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Resources for Self Employment Services
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  • 1. Resources for Self Employment Services for Individuals with Disabilities Presented by Patti Lind
  • 2. The Abilities Fund is the first and only nationwide community developer and financial lending institution targeted exclusively to advancing entrepreneurial opportunities for Americans with disabilities - -
  • 3. Self Employment as a Vocational Goal
    • From an individual perspective
      • Business is a cornerstone of the American Dream
      • People who report a work disability are nearly twice as likely to be self-employed (14% vs. 8% - US Census)
    • From a service-provider perspective
      • The national average of VR case closures due to self employment is still 2.6% (RSA)
      • Encourages self-determination and allows an individual to plan his/her vocational goal
    • From a business perspective
      • Can be a source of social and economic empowerment
    - -
  • 4. Iowa’s Entrepreneurs with Disabilities Program (EWD)
    • Partnership:
      • Iowa Department of Economic Development &
      • Iowa Finance Authority
      • Iowa Vocational Rehabilitation Services
      • Iowa Department for the Blind
    • 13 th year of operation
    • 340+ businesses, 1,000+ applicants
    • Sustainability rate exceeds national average (50%)
    • Businesses employ others with disabilities
    • Business owners are demonstrating they can replace Social Security benefits with business income
    -4-
  • 5. Defining Business Operations: When People Go Into Business . . .
    • Accommodates disability
      • Full Time vs. Part Time
    • Links underutilized skill sets & knowledge
    • Self determination is realized
    • Cultivates life long work habits
    - -
  • 6. Good Business Ideas...
    • Provide clarity in all aspects through business planning
      • Defining business concept
      • Understanding market need & demand
      • Financial feasibility
    • Well matched to individual
    • Feasibility is measurable!
    - -
  • 7. Meeting the Needs of Promising Entrepreneurs
    • Online Business Development Tools ~ Summer 2007!
    • www.abilitiesfund.org
    • Informed Choices ©
    • Data Collection Tool for Personal Assessment
    • Financial Literacy
    • Financial Planning for Microenterprise
    • Feasibility First ©
    • Assessing Business Feasibility
    • Planning for Business Success!
    • Completing the Business Plan
    • Online Microloans
    • For Business Start Up, Expansion, and Stabilization
    - -
  • 8. Assessing Individual Potential with Informed Choices © Data Collection Tool
    • Unique combination of data to inform the individual and business facilitators
    • Individual Preparedness
      • Work history
      • Business-related technical soundness
      • Financial track record
      • Disability-related issues related to business
      • Personal motivators
    - -
  • 9. Financial Literacy
    • Financial Planning for Microenterprise
    • Are you ready to start a microenterprise?
      • Setting the Goal
      • Understanding How Your Financial Health May Impact Business Development
      • Building your Assets: Saving for Business
      • Understanding Debt
      • Managing Expenses
      • Financial Skills for Business Owners
    - -
  • 10. Assessing the Business Idea: Feasibility First ©
    • Concept Feasibility :
      • Business idea + Management Capacity
    • Market Feasibility :
      • Geographic Area + Competition + Markets
    • Financial Feasibility :
      • Adequate Capitalization + Resources
    - -
  • 11. Planning for Business Success: Completing the Plan
    • Building on Feasibility First ©
      • Comprehensive Business Plan
        • Executive Summary
          • Defining the Business
          • Organizational Structure
        • Market Plan
          • Market Analysis
          • 12 Month Plan for Marketing Products/Services
          • Plan for Engaging Customers
        • Financial Plan
          • 24 Months of Financial Projections
          • Break-Even Analysis
          • Plan for Recordkeeping and Bookkeeping
          • Plan for Engaging Funding Sources
    - -
  • 12. Access to Capital: Microloans for Entrepreneurs*
    • Loan Program Goals*
      • Loans from $500 - $25,000
      • Up to 60 months
      • Inventory, Equipment, Licensing, Marketing and other Start Up Costs
    • Direct Loans with Loan Guarantees in States with Disability Program Navigators:
    • AZ, CA, CO, DE, FL, IL, IA, MD, MS, NY, OR, OK, SC,VT,
    • WI, AK, HI, IN, MI, MN, MO, NE, NJ, RI, TN, TX, VA, WV & the District of Columbia
    • Assistance in Organizing Participation Loans
    • * Pending
    - -
  • 13. For more information, contact: Patti Lind The Abilities Fund [email_address] www.abilitiesfund.org