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Welcome to The Event Space Launch Accelerator™, A six-month mentorship designed to help you launch and operate a profitable event venue.
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Welcome
WELCOME to The Event Space Launch Accelerator™ Mentorship Welcome. You made the decision most people don’t. This is not a program where you sit back and watch videos. This is a 60-day execution process with a total of 6 months support,designed to help you structure your business, secure funding, find the right location, understand your lease, and prepare to launch your event space the right way. 📌 How This Works Each week, you will have: - A clear focus - Step-by-step guidance - A required action If you complete the work, you will move forward with clarity.If you don’t, you will fall behind. Keep it simple. ✅ Your First Assignment (Do This Now) Drop a comment below and introduce yourself: 1. Your name 2. What city/state you’re in 3. What type of event space you want to open 4. Where you feel most stuck right now ⚠️ Expectation - This is an active community - Ask questions instead of guessing - Post your progress weekly - Stay engaged 🎯 Final Note Do not rush through this process. Each week, you should go through a module in the classroom and watch the replay before class . all the modules are not open , one will open each week for you. You don’t need to know everything right now. You need to stay consistent and follow the process. We’re going to take this step by step and get you moving in the right direction. Let’s get to work.
Week three: Business funding and Business credit.
https://us02web.zoom.us/rec/share/Y3pJzB0hAOVODdLcNE1Hb8f1vuRoYHDmoBVuToC8dOHV8MqAB43QfWTgKtiVyPoF.bXYXP0YVgVz5ZiMn Quick recap Farrah conducted a comprehensive training session on business credit setup and funding options for event venue entrepreneurs. She explained the importance of establishing business credit separate from personal credit, covering key steps including obtaining a DUNS number, setting up NAV (a business credit monitoring service), and establishing trade lines through Net 30 vendors. Farrah detailed three tiers of business credit building and recommended specific approaches based on participants' credit scores, emphasizing that business credit can help secure funding and provide additional financial flexibility beyond personal loans. She also covered various funding sources including CDFI lenders, microloans, and SBA programs, explaining the application processes and requirements for each. Farrah stressed the importance of proper business planning, market research, and understanding funding needs before approaching lenders, while cautioning against predatory loan offers and the need to keep personal and business finances separate. Building Business Credit Strategies Farrah led a session on building business credit and obtaining loans, emphasizing the importance of establishing a solid business foundation, including obtaining a DUNS number, setting up a business bank account, and creating a professional online presence. She outlined three tiers for building business credit: using Net 30 vendors, setting up a NAV account, and applying for business credit cards. Farrah instructed participants to use ChatGPT to find Net 30 vendors reporting to all three credit bureaus and to download the NAV app to monitor and improve their business credit scores. She also discussed the benefits of NAV Prime for those with higher credit scores and explained how business credit can be used alongside personal loans to fund business ventures.
Tonight’s check-in is in 1 hr 15 mins , 7:30pm sharp
Bring your questions , see you soon. https://us02web.zoom.us/j/85452059808?pwd=bkdSc3pNZi9rQVBrUzI2eUFBUGEwdz09
See you guys at 730 pm est
Join Zoom Meeting https://us02web.zoom.us/j/89273232154?pwd=oBpjHBaS6lpmUaLNgiglKvF0M19GaE.1
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 Event Space Accelerator™
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Community designed to help you structure your business, secure funding, find a location, understand your lease, launch, and scale your event space.
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