CRP Accelerator Session 4 - Teamwork Makes the Dream Work

Welcome to the National ACE Capital Readiness Accelerator Session 4

Teamwork Makes the Dream Work Tuesday, February 13, 2024

Welcome Back 1.

Fundamental Roles in Business

2.

Marketing in a digital world - Pick Your Platform

3.

Types of Funding: Equipment and Working Capital

Today’s Objectives

Session Four:

Teamwork Makes the Dream Work

1.

The role of job creation in business expansion

2.

Sustainable strategies for scaling operations

3.

Focusing on strengths and finding the right team members

4.

Case studies of successful business scaling

Office Hours Every Friday 11am PST/1pm CST/2pm EST ● ● ●

Work on Application Ask Questions Meet Subject Matter Experts and Coaches

Introducing Fa’avae Fa’avae -

Visionary Entrepreneur & Philanthropist ● Founder & Owner of F2 Manufacturing and Island Avenue ● Co-Owner of Beleaf Burgers and Bored & Hungry, the world's first NFT restaurant ● Clients include Fashionova, Darc Sport, Diamond Supply Co., and Disney ● Island Avenue featured in Macy’s, Tillys, Nordstroms with collabs like St Regis resorts ● F2 Films launched award-winning short film “Follow Me Home” ● The T.U.T Foundation founder, supporting Los Angeles communities ● Launched TUT Academy for entrepreneurship and tech education ● Former Division 1 Football Athlete ● UC Berkeley Graduate, B.A. in English

1. Sustainable Strategies Understanding the difference between the “growth” of your business and “scaling” your business.

You could grow the business by adding new team members, resources, vendors, but no increase in revenue. Scaling the business is adding assets to the business, while simultaneously having an increase in revenue to sustain expansion.

Foundational factors of business: Values, Road Map, Quality of product/service, Processes

2. Finding The Right Team ** Business Core Values ** Mastery of your business model ** Leadership: Need buy in ** Being able to see their strengths and encourage! ** Higher purpose, run through a wall!

3. Case Study: Scaling ** Recent growth with retailers ** Team expansion: internal and external ** Strategic partnerships ** Access to capital ** Verticals ** Financial projections

Keys for Success 1. Sustainable Strategies Knowing the difference between “growing” and “scaling” the business.

Core Values, Road Map, Product/Service, Processes Jay Z lyric: “Are you a trend, or Ralph Lauren?”...

2. The Right Team -

Team shares company values Business Model = Right people = Right seats Leader: Paint the vision, Accountability Spot talent, acknowledge, encourage!

The why? Higher purpose!

Introducing Bill Imada Bill Imada: Pioneer in Multicultural Marketing & Community Advocate ● Founder, Chairman & Chief Connectivity Officer of IW Group ● Notable Clients: Coca-Cola, Toyota, McDonald’s, Disney, Warner Bros., Verizon ● Specializes in Multicultural Communications, Marketing & Advertising, Strategic Public Relations ● Serves on Boards: PBS, LAGRANT Foundation, Coalition of Asian Pacifics in Entertainment ● Co-founded Asian/Pacific Islander American Chamber of Commerce ● Advisory Roles: Supports various Asian-American and Pacific Islander organizations ● Recognized by President Obama’s Advisory Commission on Asian Americans and Pacific Islanders ● Mentor & Investor in Start-ups focusing on real estate, crowdfunding, and music ● Education: Bachelor’s in Business Administration, Leadership training from Coro Foundation, Honorary doctorate from Anaheim University

Teamwork Makes The Dream Work

Small Business Accelerator February 13, 2024

Think ahead to assess your staffing needs If needed, retain the services of a HR specialist

This Formula Can Guide You

Prepare

S

T

A

R

Situation

Task

Action

Results

Understand the landscape based on your industry

Set Tasks

Take Action

Evaluate and Adjust

Local, County, State and Federal Policies.

Staffing and Talent Environment.

• • • • • • • • •

Staffing Needs Requirements Job Descriptions Salary Range Benefits Insurance Worker’s Comp Staff Planning Consult Experts

• • • • • •

Assign HR Tasks Adopt HR and Payroll Tool Execute a Recruitment Plan Circulate Job Desciption Organize Interviews Check References

• • • •

Complete Hires Seek Feedback Set Goals Evaluate Process

Recruitment process

Role of the employee

Goal setting

Job training

Develop a plan for recruiting talent

Assess staffing needs and roles

Set goals for success for staff

Invest in training

Introduction to company culture

Dates for check-ins

Meeting with superiors

Provide an orientation for all staff

Calendar regular check-ins

Stay engaged

Documentation

Good record-ke eping

Recruiting Process

Recruitment Planning

Strategy Development

Set a recruitment, hiring and staffing plan.

Have a set of strategies for identifying, recruiting, and hiring.

Searching

Screening

Evaluation & Control

Determine the best places to seek great talent.

Learn how to screen in an ethical and lawful manner and train others.

Be clear on how you elevate the success of your team. Clarify reporting structure.

16

Thank You! bill.Imada@iwgroupinc.com

Meet Your Business Coaches Chettha Saetia Director Illinois Small Business Development Center Chinese Mutual Aid Chicago

Different SBDC Centers around Illinois Illinois APEX Accelerator at

Springfield

IL

Bradley University

Peoria

IL

College of DuPage

Glen Ellyn

IL

Far South Community Development Corporation

Chicago

IL

Greater Southwest Development Corporation

Chicago

IL

Illinois Hispanic Chamber

Chicago

IL

Joseph Business School

Forest Park

IL

Southern Illinois University - Carbondale

Carbondale

IL

Western Illinois University

Columbia

IL

Women’s Business Development Center

Chicago

IL

Illinois SBDC ITC at Bradley University

Peoria

IL

Champaign County EDC

Champaign

IL

College of DuPage

Glen Ellyn

IL

Joseph Business School

Forest Park

IL

SIU-Edwardsville

Edwardsville

IL

Women's Business Development Center

Chicago

IL

Illinois SBDC at

City

State

36Squared

Chicago

IL

Arab American Business and Professional Association Palos Heights

IL

Binational Institute

Chicago

IL

Bradley University

Peoria

IL

Build Bronzeville

Chicago

IL

Central Illinois

Springfield

IL

Champaign County EDC

Champaign

IL

Chicagoland Chamber

Chicago

IL

Chinese Mutual Aid Association

Chicago

IL

Danville Area Community College

Danville

IL

College of DuPage

Glen Ellyn

IL

College of Lake County

Grayslake

IL

Elgin Community College

Elgin

IL

EIU-Elevate

Mattoon

IL

Greater Englewood CDC

Chicago

IL

Greater Southwest Development Corp.(GSDC)

Chicago

IL

Harper College

Schaumburg

IL

Illinois Eastern Community Colleges

Noble

IL

Illinois Hispanic Chamber of Commerce (IHCC)

Chicago

IL

Illinois Wesleyan University

Bloomington

IL

Joseph Business School

Forest Park

IL

McHenry County College

McHenry

IL

Oakton Community College

Des Plaines

IL

Polsky Exchange

Chicago

IL

Puerto Rican Cultural Center Humboldt Park

Chicago

IL

Rock Valley College

Rockford

IL

Rogers Park Business Alliance

Chicago

IL

Sauk Valley Community College

Dixon

IL

Shawnee Community College

Ullin

IL

Southeastern Illinois College

Harrisburg

IL

SIU-Carbondale

Carbondale

IL

SIU-Edwardsville

Edwardsville

IL

SIU-E East St. Louis Satellite

East St. Louis

IL

Starved Rock Country Alliance

Ottawa

IL

WIU-Macomb

Macomb

IL

WIU-Quad Cities

Moline

IL

Waubonsee Community College

Aurora

IL

Women's Business Development Center

Chicago

IL

South Suburbs

Richton Park

IL

Little Village Chamber of Commerce

Chicago

IL

YWCA Metro Chicago

Chicago

IL

Central Illinois - Springfield Project/Cap 1908

Cook County Small Business Referral Partners The Cook County Small Business Source’s Business Support Organizations (BSOs) provide small business owners with the expert advice and assistance they need to succeed through free one-on-one expert business advising.

What’s Next Session #5 Future Planning with Capital Access ➢

Role of Partners in business growth

➢

Case studies on successful growth through capital acquisition

➢

Overview of different capital sources

➢

Refining business models to attract investors and lenders

Meet your Business Coaches

Sign Up for Coaching

Scott Rogalski

Chettha Saetia

Allen Wu

Specialties: Find your lender match by telling your story, projections and forecasting models, maximizing financials for growth and qualifying for a loan

Specialties: Sales Strategy, Product or Service Marketing, and Business Plan Development

Specialties: Working Capital, Equipment Loan, Business Acquisition, Commercial real estate, acquisition, renovation or value added

Location: Sacramento, CA

Location: Chicago, IL

Location: Washington, D.C.

Closing Remarks:

2. Office Hours Friday

1. Get Connected to your Business Coach

11am PST/1pm CST/2pm EST

3. Take a minute to submit the closing quiz