The aim of the program is to open the door to economic opportunity for citizens of Chicago that live in divested R3 Zones by developing their competencies in the steps and activities associated with creating and sustaining an entrepreneurial venture.
Program curriculum is designed to take participants through the steps and stages of venture creation, with a tailored emphasis on the unique challenges and opportunities associated with being a business owner from a typically under invested in minority group. Importantly, the entire training program is offered without any cost to participating community members.
Teams will learn how to test the value of their ideas and validate (or invalidate) the problem they are hoping to solve for their target customer. As teams work to transform their hypotheses into evidence-based insights, they will refine their businesses and may even make a significant pivot on the road to building a more successful startup.
Learn the art of customer discovery, design thinking, business model development, hypothesis testing, and raising money to build an enduring enterprise at our entrepreneurship bootcamp.
1. The importance of business models
2. Design thinking
3. Customer and product discovery process
4. Financial modeling
5. The role of the founder, building effective partnerships, and recruiting team members
6. Strategic positioning and value proposition development
7. Marketing, personal selling, and customer acquisition
8. Harnessing resources and fundraising
9. Pitching to investors
Each session features business experts addressing topics critical to the growth of successful enterprises including accounting, legal, market research, real estate, taxes, insurance, payroll, cash flow, marketing, social media and more.
Participants develop a business plan, and toward the end of the course present the plan to a panel of judges. The winners of the business plan competition receive a $3,000 cash grant from Urban Array.