November 27, 2013

Small-business assistance available in Malone

MALONE — Entrepreneurs in the Village of Malone can attend an upcoming assistance program.

The Village of Malone and the Adirondack Economic Development Corp. are working together to offer financial and business training to startups or existing businesses that want to expand.

Development Corp. Executive Director Jim Murphy said success in any business venture requires good planning, which is what the program offers.

“The goal of our nationally accredited NxLeveL training program is to provide would-be entrepreneurs with a road map to success in starting or expanding their businesses,” he said in a press release. 

The 12-session course is intended to guide participants through all aspects of building a business, Murphy said, “from developing your ideas to creating a comprehensive business plan that can be used to guide your operation or to seek additional financing to get you started or to expand.”

Topics include planning and researching a business idea, marketing analysis, strategies and implementation, financial record-keeping, understanding and using cash-flow projections, financing a business and exploring green business opportunities.

Murphy said the goal is to have participants develop a professional business plan, which is essential for those starting or expanding a business as they seek financing. 

It is also intended to provide access to local funding sources, such as the village’s Commercial Loan Program or one of several Adirondack Economic Development loan programs.

“The beauty of this business-orientated training program is that it also combines AEDC’s one-on-one assistance and access to loan funds in a way that most programs don’t,” Murphy said. 

“Our goal is to not only train entrepreneurs to be better businesspeople but also to provide the tools, including financing, to help them turn their dreams into successful ventures that produce jobs and strengthen the entrepreneurial spirit of the communities we serve.”

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