CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: Sept. 8, 2000
FastTrac New Venture entrepreneurial training program starts Sept. 21
IOWA CITY, Iowa -- The John Pappajohn Entrepreneurial Center and Small Business
Development Center at the University of Iowa will offer the nationally acclaimed
FastTrac New Venture entrepreneurial training program running Sept. 21 to
Nov. 16 in Iowa City and Cedar Rapids.
The FastTrac New Venture program is designed to help aspiring entrepreneurs
evaluate their business opportunities and develop a plan for successfully
starting a new business. The Thursday evening classes are also being offered
in Cedar Rapids in partnership with Kirkwood Community College.
"Participants who make the commitment to complete this course should
leave the class with a definite answer as to whether their business opportunity
can be profitable. If the result is to start a new business, the written plan
can be used to obtain financing and guide the new business. If the idea does
not merit starting a new business, the participant will have learned the skills
necessary to properly evaluate their next opportunity," explained David
Hensley, director of the Pappajohn Entrepreneurial Center.
During each three-hour session, participants receive high-quality instruction
from experienced entrepreneurs and educators. In addition, guest entrepreneurs
and local business experts share their experiences and knowledge with the
class. Participants also network with other aspiring entrepreneurs and work
on their plan to launch their new venture.
Specific topics include characteristics of successful entrepreneurs, opportunity
recognition, market research and analysis, marketing strategies, financial
forecasting and management, and sources of financing.
FastTrac New Venture normally costs $349, but the UI is offering FastTrac
at a reduced rate of $99, which includes tuition, course materials including
business planning software, and one-on-one mentoring. Enrollment is limited.
To register or for more information, contact the Pappajohn Entrepreneurial
Center at (319) 335-1022.
FastTrac programs are also being offered at community colleges throughout
Iowa. Since 1997, more than 1,100 Iowans have participated in the FastTrac
entrepreneurial training programs. This statewide initiative is being supported
by the Iowa Department of Economic Development, the Kauffman Center for Entrepreneurial
Leadership at the Ewing Marion Kauffman Foundation, the Iowa Association of
Business and Industry, the Iowa Farm Bureau Federation, Software and Information
Technology of Iowa, the Iowa Biotechnology Association and the Iowa Small
Business Development Centers.