Red Ten NYC Support Entrepreneurship by Launching a Business Development Workshop

Red Ten NYC offers a mentoring program for self-employed contractors which include regular business management and development seminars. “Starting a business can make a big impact on our economy and allows ambitious individuals to take control of their own careers. We strongly support education and mentorship of entrepreneurs and were delighted to hear the remarks following the Kauffman Foundations meeting in Washington last week,” says a source at Red Ten NYC.

“Entrepreneurs face significant challenges, banks continue to hesitate with small business loans and the IPO market hasn’t yet made a roaring comeback, meaning a significant portion of venture capital money remains tied up. What we are trying to achieve by offering these business development workshops is the opportunity to build a strong business foundation by learning essential skills for running a small business. The workshops also offer the opportunity for networks to be built with other ambitious entrepreneur minds,” adds Red Ten NYC.

During his opening remarks at the Washington summit, McDonnell highlighted the emergence of a national consensus that encouraging entrepreneurship can help revive the sluggish economy. He also offered several policy recommendations to increase financing of entrepreneurial ventures.

Small Business Administrator Karen Mills was in attendance and alsogave an overview on what the SBA is doing to promote entrepreneurial growth. One initiative is an attempt to broaden venture capital opportunities for entrepreneurs throughout the country. Currently nearly 70 percent of venture capital goes to businesses in three states, namely California, Massachusetts and New York, she said.

The panel discussion coincided with the release of a new report by Kauffman highlighting several of the foundation’s policy recommendations with respect to equity, public markets and debt financing.