Start Your Business 101 with the Asian Women in Business

November 6, 5:18 PMNY Women's Business ExaminerConstance Drew

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Joyce Moy
Executive Director of American Asian/American Research Institute
     City University of New York, Professor of Entrepreneurship

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Whether you are thinking about  starting your own business or already run a business, I highly recommend signing up for the "Start Your Business 101", sponsored by the Asian Women in Business organization of NYC.

The first session was taught by Joyce Moy, Executive Director of the Asian American/Asian American Research Institute of City University of New York. Her approach to entrepreneurship is direct and extremely value packed. Ms. Moy covered five topics in detail, stressing above all that one goes into business "to make money"! Her audience included entrepreneurs in the food industry, fashion, artisans, artists, construction, business advisors and  Seedco.

Topics covered:

1. Are you Entrepreneurial Material?
   Ms. Moy stressed the importance of evaluating your strengths and weaknesses before venturing into business ownership. This includes support systems, both financially and emotionally. One of the big questions to answer is what is your tolerance for risk?
2. Your Mind Set
   Learn the language of business. Broaden your perspectives and learn to articulate your ideas.
3. Prepare for Entrepreneurship
   Ms. Moy has an extensive background as a tax attorney and stressed the importance of budgets, credit and SMART goal setting.
4. Avoiding the "Fs". Failure to:
   Plan - Run Your Enterprise like a Business - Capitalize Adequately - Look at things differently - Put Infrastructure In Place
5. The Nuts and Bolts of Starting a Business
   A. Choosing the right professionals such as an accountant that understands small business, an attorney who understands commercial real estate and a banker whom you can build a strong relationship with.
   B. Forms of Business Ownership
   Sole Proprietor - General Partnership - S Corporation - Limited Liability Company

The second part of the "Start Your Business 101" 4 week series will be on Tuesday, November 10th at 6:00 PM EST in NYC. For more information, contact the Asian Women In Business.

Join me throughout the week as we "examine" the latest business trends, interview successful women business owners and offer invaluable tips on how to run your business.

To: Comment on articles, add the RSS feed to your toolbar, subscribe to receive email updates when I publish a new article, contact me via email or visit me at Global Visionary Startup Services.

Global Visionary Startup Services offers FREE Teleclasses in November. Participants will automatically be enrolled in a drawing for a Free Business Plan Review or $150.00 off our SBA Guidelines Business Plan.

Thursday, November 12th at 8:00 PM EST
"Art of business for the Creative Mind" - You will discover 5 steps on how to channel your creativity into starting and running your own business. For more information or to reserve one of our limited spaces, please email today.

Thursday, November 19th at 8:00 PM EST
"How to write a business plan for investors". Learn what investors and the SBA are really looking for in a business and how it should be laid out in your business plan. Email today to reserve your spot and be sent call in information. Space is limited.