Twelve weeks, 60 hours of class time that included: market research, guest speakers from professionals in marketing, accounting, business law, and financing, peer support, class presentations, all of which resulted in written business plans designed to make their businesses a reality. Retail, service businesses for the elderly, home inspections, high end art projects and products are among the businesses represented in the Spring 2012 New Ventures graduating class in Bangor.
In Lewiston, the class of aspiring entrepreneurs developed plans for businesses that included a Karate training school, a life coach, a green burial service, a book keeper, a “green” tanning and gym service, and several retail businesses, among others.
A highlight for both classes was the day spent learning about small business tax issues with the help of guest CPAs. In Bangor, Fred Going, a partner with Worth & Going CPA, Saco, was a big hit with his informal, easy going manner and use of lay terms all could understand. Fred provided a wealth of up-to-date information on how small businesses can create success in business.
Michael Spaulding, representing Austin Associates, demystified what can seem like a daunting puzzle to the New Ventures class at USM’s LAC. Michael addressed the tax filing needs of the different types of businesses, and offered insight into the importance of good cash flow documentation, and how to properly file business taxes.
“The wealth of knowledge and sense of empowerment I received through the New Ventures training is a gift…and I am so grateful”, says Nancy L Hunt, one of the Bangor graduates.