Seminar aims to help entrepreneurs | SteamboatToday.com

Seminar aims to help entrepreneurs

First Steps event is for people who want to start a business

Blythe Terrell

— Sometimes economic recessions can sprout innovation.

The topic came up recently at a networking session for people who are unemployed and will be addressed at a First Steps Seminar on Wednesday. Job losses can provide people the push to do something they’ve always wanted to do, human resources consultant Karen Goedert said last week at the networking session.

Companies including Microsoft and FedEx geared up during a “hard recession” in the mid-1970s, Randy Rudasics noted in an e-mail. Rudasics is the manager of the Bogue Enterprise Center at Colorado Mountain College’s Alpine Campus and a SCORE counselor. He will help lead Wednesday’s session at CMC, which is free. The seminar focuses on what’s necessary to start or take over a business, personally and financially.

“It’s still in some cases a great time to start a business,” Rudasics said. “Some of the biggest companies started in a slowdown in the 1970s, including Microsoft : but you need to make sure you’re not overly optimistic about sales and expectations in the first few years.”

As a counselor to entrepreneurs, Rudasics said he has seen more activity. People who are laid off sometimes opt to try their own venture.

“It’s mostly locals that are looking to make a change and have a good idea, but they don’t have the planning capacity yet to pull the idea together into something that could generate revenue,” he said.

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The seminar will include information about financing and the realities of starting a business. Participants will go home with a workbook they can fill out and then bring back for consultations with SCORE volunteers.

The session will be tailored to the economic environment, Rudasics said.

“I think we will be focusing on a more challenging banking environment and being prepared for that,” he said. “Not everybody needs to borrow, but most do, and we’ll talk extensively about how the credit crunch has affected our local banks.”

If you go

What: First Steps Seminar

When: 6:30 to 9 p.m. Wednesday

Where: Colorado Mountain College, Bogue Hall Room 300

Cost: Free