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Business & Technology

TSBDC to hold entrepreneurial classes

August 16th, 2011 8:04 pm by Staff Report

The Tennessee Small Business Development Center at East Tennessee State University will offer potential entrepreneurs several training classes in August. Registration is required for all classes.
“Procurement 101,” a session led by the University of Tennessee’s Procurement Technical Assistance Center, will meet at the ETSU Innovation Laboratory in Johnson City on Tuesday from 9 a.m. to noon. The basics of selling to the federal government will be discussed.
“So You Want to Start a Business” will be offered on Tuesday from 1 to 4 p.m. at the Innovation Lab. The free class covers the ways TSBDC can assist entrepreneurs and addresses preparation for the loan process, licensing requirements and how to assess the market.
“Writing Your Business Plan” will be held on Thursday from 1 to 4 p.m. at the Innovation Lab. The workshop covers the components of a business plan, exercises to assist with the first steps and information about free personal coaching. There is a $20 fee for the class.
“Small Business Taxes” will be held in Kingsport on Aug. 23 from 9 a.m. to noon, and “Employment Taxes” from 1 to 4 p.m. This is a two-session workshop. During the first part, attendees will learn the tax-filing requirements of proprietorships, partnerships and corporations. Discussions will include the basics of records keeping, estimating personal taxes, and various business deductions. This session is appropriate for businesses with or without employees. Part two is designed for businesses that have or plan to have employees. Topics will include withholding employee income and Social Security taxes, depositing payroll taxes and making federal unemployment tax payments. There is a $5 fee for each part of the workshop.
“Social Media for Small Business” will meet on Aug. 24 at 9 a.m. in Johnson City. An introduction to social media for small business, the topics also include the top five social media sites and how to use them as well as ways to develop a social media strategy for an individual business.
The “SBA Borrower’s Workshop” on Aug. 30 in Rogersville covers Small Business Administration loan options, including which loan program meets a specific entrepreneurial need. The session encompasses the “5 Cs” of credit — character, cash flow, collateral, capitalization and conditions — in addition to an overview of all SBA loan programs. Other topics to be presented include information about interest rates and repayment terms, as well as participating lenders.
For class enrollment and details about the location of the Johnson City, Kingsport and Rogersville sites, call Teresa Shipley of the TSBDC at 439-8505 or email

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