Tag Archives: teen entrepreneurs

6 Top Free Business Name Generators!!!

26 Dec

Are you having trouble coming up with a business name?. There are many free online tools to help people just like you.

Here are 6 of the top Business Name Generators.

WORDLAB
Wordlab’s uniqueness is that it provides industry based business name generators. It has more than half a dozen different generators like Team Name Generator, Restaurant Name Generator, Band Name Generator, etc. It also provides a separate domain name availability checker.

NAMESTATION
NameStation is a great tool if you are looking for a business name along with a domain. NameStation return business name ideas along with the domain availability status. It uses keyword lists, brainstorming, dictionaries, etc. to create random names based on your input.It has features like adding prefixes and suffixes, setting minimum and maximum length and combining keywords with many preset categorized wordlists like random adjectives, random nouns, medicine, music, technical, etc. It also has features to include synonyms and custom wordlists.

DOTOMATOR
Use Dot-o-Mator to generate business and domain name suggestions. Enter one or more words, and then choose some prefixes or suffixes (you can also add your own). Click COMBINE to get the results. You can save all the creative business names you like to a scratch board and check availability of related domain names.

COMPANY NAME GENERATOR
Company Name Generator is one of the most advanced free online business name generators. You can customize the generator by selecting patterns of vowels and consonants you wish to have. You can also select a wordlist for prefixes and suffixes. Although this service does not provide domain name availability checker it can provide valuable new business name suggestions.

BUST A NAME
Bust a Name is a complete domain name researcher and generator. You enter a few keywords, set options like domain extensions, prefixes, suffixes, hyphen, etc. and hit ADD. You can then sort, search, save and review related domains names. This is one of the top name generators if you are looking for a business name for an online venture.

WRITE EXPRESS
Write Express helps name businesses, products and websites. You start by entering a word or syllable that is associated to your business. You then choose a wordlist, number of desired syllables and a few more options and hit FIND NAMES. This is an easy to use tool and can help you find a business name from dozens of potential names in quick time.

6 Capital Funding Sources for Minority Businesses

19 Jun
pepto pink office

Image by coco+kelley via Flickr

From our friends at  Inc.com.
Here are six  funding sources worth investigating.

1. Individual Development Accounts (IDAs)

These are grants with strings attached. The way it works is that IDAs are savings accounts that match the deposits of individuals with modest financial means. For every dollar saved in an IDA, savers receive a corresponding match. Savers agree to complete financial education classes and use their savings for an asset-building purpose such as to capitalize a business. There is no limitation on how long you can be in business but there income requirements which vary by county. Typically revenues for business owners fall under $50,000. In addition to earning matching dollars, savers learn about budgeting and receive additional training before purchasing an asset. For example, programs in Oregon let participants save $3,000 and the agency can match them with $9,000, allowing them to use a combined total of $12,000 towards building their business and without having to repay the funds. For more info, review the IDA directory.

2. Capital Assistance

The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) recently announced $7.8 million in funding for 27 MBDA Business Centers (MBCs). These centers help minority firms with access to markets, contracts, capital and other strategic business consulting services. MBCs interface directly with minority business owners and managers at the local level. Whether it’s securing working capital from a lender, applying for an SBA loan, or responding to a grant proposal, MBCs help business owners prepare a funding package. Last year, MBCs helped their clients gain access to more than $800 million in financial packages, including working capital, equity investments, and bonding.

 
3. Forgivable Loans

This type of a loan is made with the understanding that if the borrower meets certain requirements, repayment of the loan will not be required. A forgivable loan is actually a grant, says Ough, “because if you do everything right you don’t have to pay the money back.” A stipulation may be that you are required to hire and train employees, Ough explains. She cites for example a particular forgivable loan program that allowed recipients to hire up to five employees. “For every employee you hired you were given $5,000 for each. So, you had up to $25,000 you could use for anything related to supporting the growth of your business.” As a growing business, you are going to be hiring employees anyway. This program gives you an incentive to do so, adds Ough. The Regional Investment Board manages lottery funds in Oregon which are used for economic development purposes. These monies are available to entities in the form of grants or loans to support projects that will create jobs in the region. Just as well, you may be able to take advantage of other state loans programs and loan guarantees.

4. Micro Loans

Poor credit history is a barrier for many entrepreneurs seeking traditional financing. “If you have not positioned your personal credit such that a bank will find you to be a strong enough credit risk, they won’t lend to you,” says Jennifer Spaziano, vice president of business development at ACCION USA, a microfinance institution that lends to 48 states across the U.S., providing loans to upstarts, especially women and minority businesses. ACCION New York is one of hundreds of regional and national nonprofit groups that make micro loans from as little as $500 up to $35,000. Many of these groups are funded by The U.S. Small Business Administration. Cities like San Francisco and New York City have expanded or introduced their own microfinance programs. Each organization has its own lending requirements. ACCION USA has provided over $119 million in over 19,000 micro loans since inception in 1991. To learn more, visit the Association for Enterprise Opportunity’s website.

5. SBIR Grants

There is a lot of talk and excitement around technology, particularly coming from the Obama Administration. Review the possibility of obtaining a Small Business Innovation Research (SBIR) grant or Small Business Technology Transfer Program (STTR) funding. You might not be in a position to go after venture capital, yet you may need initial funding for early stage research and development, says Ough. For instance, “we are working with a client who has developed a new process for providing a better educational tool for kids with autism. We pulled out an application to apply for the grant through the National Institute for Health.” The SBIR program was established by Congress in 1982 as a means of stimulating innovation with more than $ 2.2 billion dollars set aside annually with first phase funding of up to $100,000. Phase two is a $750,000 award. The SBIR/STTR program reaches out to socially and economically disadvantaged firms. The participation rate of minority- and women-owned firms in SBIR/STTR just within the Department of Defense is roughly 21 percent. Two sites to check out are Zny and SBIR.gov.

6. New Market Tax Credit

For companies looking for commercial ownership or to own their own facility, Ough suggests exploring new market tax credits. This federal program is administered by the U.S. Department of Treasury Community Development Financial Institutions Fund. Designed to provide investments to projects and businesses in low-income communities, the program has expanded to include investments in minority business. NMTC permits taxpaying investors to receive a credit against their federal income tax liability for making qualified equity investments in designated Community Development Entities (CDEs). The credit is spread over seven years, amounting to roughly 39 percent of the investment made in a qualified entity. Many states have passed a tax credit for minority business. The provisions and limitations of these credits vary from state to state. Many of them resemble the New Market Tax credit and give tax credits against state income tax to investments that are used to support minority building projects or encourage minority business ownership, which includes women-owned businesses. However, these credits are extremely tough to get and are highly competitive.

In addition, contact your National Chamber of Commerce. There are a number of national chambers of commerce specific to women and minority sectors that offer access to funding sources, including the National Women’s Chamber of Commerce, the Hispanic Chamber of Commerce, the National Black Chamber of Commerce and the Native American Chamber of Commerce.

“To find all the funding sources available in your community, you need to become a great connector so that you get familiar with all the programs available for starting and growing your business,” says Ough. “If that’s not possible, then the next best thing is to find those connectors that can guide you.” Connectors are the top ten businesses, organizations or key players in your community that you get referred to when you are trying to find resources and funding for your specific business.

Cheap Hype for Your Business!!

1 Dec

Hello Ladies!

Looking for low cost ways to advertise your business?

Let us introduce you to one of our best kept secrets www.uphype.com

UpHype is a micro-payment marketplace where savvy people with unique talents and resources advertise to take your message and promote it in unique ways. Simply priced at $8, $16, or $24.

Anyone can create a hype or small service ad of what they’re willing to do to “hype” your message. Buyers can purchase hypes and are required to pay for the hype in advance. After the work is completed and accepted by the buyer, UpHype gives the task performer a whopping majority of the fee.

Hypes range from promoting your message to a user’s 300,000 Twitter followers, sending 60,000 traffic hits to your website, creating a video podcast, writing a press release or article for your blog and anything in between.

Hypes are divided into categories, including Social Marketing, Graphics, Writing, Eblasts, Flyers, SEO work, Website Back-links and whole lot more! To ensure that you get a good task performer, UpHype also post buyer feedback on people who perform tasks. Task performers will be given a positive feedback score, which can be seen by users who are considering hiring them for their hypes.

To learn more about Uphype visit their website at www.uphype.com

New York Entrepreneurs…Win $15K to Start a Business!!!

19 Nov
New York Public Library Logo

Image by onBeing via Flickr

The New York Public Library, with its sponsor, Citi Foundation, announces the New York StartUP! 2011 Business Plan Competition for New York-based startup entrepreneurs with cash prizes totaling over $30,000.

The second annual New York StartUp! gives aspiring entrepreneurs the opportunity to bolster their business acumen. Competition is open to those who are 18 years of age or older; live in Manhattan, The Bronx, or Staten Island as a legal resident or U.S. citizen; and wish to start a business in Manhattan, The Bronx, or Staten Island.

1st Place Award: $15,000. 2nd Place Award: $ 7,500. 3rd Place Award: $ 5,000. 4th Place Award: $ 1,500. 5th Place Award: $ 1,500.

Entry Deadline: December 20th 2010

For more information visit http://ny-startup2011.myreviewroom.com/

Global Entrepreneurship Week..100 Countries,40,000 events,10 million people

26 Oct

For one week, millions of young people around the world join a growing movement of entrepreneurial people, to generate new ideas and to seek better ways of doing things. Countries across six continents come together to celebrate Global Entrepreneurship Week, an initiative to inspire young people to embrace innovation, imagination and creativity. To think big. To turn their ideas into reality. To make their mark.

From 15 – 21 November 2010, Global Entrepreneurship Week will  connect young people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and many others will participate in a range of activities, from online to face-to-face, and from large-scale competitions and events to intimate networking gatherings.

Through this initiative, the next generation of entrepreneurs are inspired and can emerge. In doing so, they will begin to acquire the knowledge, skills and networks needed to grow innovative, sustainable enterprises that have a positive impact on their lives, their families and communities.

For more information and to check out events to attend in your part of the world, visit http://unleashingideas.org/

The next big thing in fashion…and she’s only 11yrs old!

19 Oct

Have you heard of Cecilia Cassini? well if you haven’t you better pay attention because she is fast becoming a household name.

Cecilia’s passion for fashion began at the tender age of six, when she recieved a sewing maching for her birthday. While other  girls her age were busy playing with Barbie dolls, Cecilia was reading fashion magazines and teaching herself how to make beautiful dresses.

Now, at 11 years of age, she’s already an established fashion designer. She’s already dressed celebrities like Heidi Klum and Miley Cyrus and is about to star in her own reality show.

Her fashions are sold in the tony Fred Segal boutique in Santa Monica and online.

To learn more about Cecilia visit her website at http://www.ceciliacassini.com.

New Small Business Grants for Teen Tech Entrepreneurs!!!!!

2 Oct

 

Peter Thiel

Image via Wikipedia

 

Peter Thiel, an early investor in Facebook, has launched the Thiel Fellowship to foster the next generation of tech visionaries. The new program will support 20 teenage entrepreneurs under 20 years old with grants of up to $100,000. The cash grants will be used to further their innovative scientific and technical ideas.

In addition, over a two year period, Thiel’s network of tech entrepreneurs and philanthropists—drawn from PayPal, Facebook, Palantir Technologies, Founders Fund, the Singularity Institute, and others—will teach the recipients about creating disruptive technologies and offer mentorship, employment opportunities, support, and training.

Though applicants may already have scientific, technical, or nonprofit ideas, the Thiel Fellowship will not be limited to those with developed innovations. Teams of up to four may also apply. Applications will be available in October and due later in the fall, with the fellowship beginning in 2011.

For more details about the Thiel Foundation Small Business Grants, visit:
www.ThielFoundation.org

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