Presented in both English & Korean
영어와 한국어 동시 진행

Attend this Seminar to learn how to grow your business and which organizations are here to help you.

Panel Discussion

3:00 pm – 3:45 pm
Strategies & Partners for Business Growth
· Opening
· Small Business Development Center
· Small Business Administration
· SCORE

Business Workshops

4:00 pm – 4:45 pm
4:45 pm – 5:30 pm
· Critical Financial Management Issues for Business Owners
· Getting Financing for your Small Business

When: 3:00 pm – 5:30 pm Sunday, June 20, 2010
Where: Open Space, Korea Village 150-24 Northern Blvd. Flushing, NY

To RSVP, contact the LaGuardia SBDC at (718) 482-5303 or sbdc@lagcc.cuny.edu

Auto mechanic gets his start with SBDC

Auto Mechanic Gets His Start with the SBDC

In March 2009, Emmanuel Toussaint of Hempstead, NY spotted an auto repair shop that was closing in a prime location.  He always wanted to have his own business.  However, like many start-up entrepreneurs, he had the experience and skills but knew nothing about running a business.  Inspired by this opportunity, he went to the LaGuardia SBDC for assistance.

With his partner, Doris, he met with Certified Business Advisor, Rui Wang. Emmanuel wasn’t sure if he should start from scratch or join an auto repair franchise. To help them make this decision, Ms. Wang walked them through what it would take to start up his own business.  She also advised him how to evaluate the franchise opportunity especially considering the franchisor’s background and litigation history. An investigation revealed that the franchisor would not be the best choice given its litigation history.  Feeling determined, he returned to Ms. Wang and decided to start the business from scratch.  Over the course of the next several months, Emmanuel and Ms. Wang formed a corporation, reviewed the lease agreement, obtained required licenses and drafted financial projections.

In July 2009, Toussaint Auto Repair officially opened for business. Emmanuel invested $80,000 into his business and hired three full-time employees.  After discussing marketing ideas with Ms. Wang, Emmanuel developed incentives to attract new clients including a 10% grand opening discount coupon.  He also advertises on local cable television system, radio stations, and newspapers.  ”The key was being more aggressive,” Doris says.

In spite of the current economy, the Toussaint auto repair is growing due to the quality service and competitive pricing.  However, work with SBDC has not stopped. He continues work with Ms. Wang planning his next steps including obtaining an auto shop management software, improving the efficiency of his workforce and pursuing financing for equipment.  “We are so appreciative of Ms. Wang’s help.  She was always there when I needed a guiding hand.”