MEDIA CONTACT: GEORGE MCCRORY
300 Plaza Centre One
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
PROGRAM CONTACT: CAROLYN NORTON
John Pappajohn Entrepreneurial Center
Release: Feb. 7, 2001
FastTrac New Venture Entrepreneurial Program Starts Feb. 21
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 from 6 to
9 p.m. on Thursday evenings starting Feb. 21 and continuing through April
18 in Iowa City.
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.
"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 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, over 1,100 Iowans have participated
in the FastTrac entrepreneurial training programs. The Iowa Department of
Economic Development and the Center for Entrepreneurial Leadership at the
Ewing Marion Kauffman Foundation are supporting this statewide initiative.