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Submitted by giantarmo on May 6, 2007
Category: Biographies
Words: 2873 | Pages: 12
Views: 230
Popularity Rank: 48,966
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This internship gave me the opportunity to work with business owners and entrepreneurs who are in the same situation that I will hopefully be in after my graduation. This situation of course is following a dream and starting a new business from scratch. From the first meeting with Eustace to my last day researching I learned that preparation and research are the most vital tools to make a business prosper.
The first day in the Small Business Development Center (SBDC) I along with other student interns met with SBDC director Eustace Kangaju. Eustace spoke to us about what the SBDC is and what it offers to the community of Philadelphia. He spoke about the special seminars that the SBDC offers regarding all aspects of business development. After handing out the SBDC programs he explained in detail the contents. There was the confidentiality agreement, a portion regarding self-profiting from work offered to the business owner. I signed the confidentiality agreement and any other forms that I needed to, and then Eustace explained to each one of us what our first project would be and whom we would work with.
I got assigned to work for a bookstore located in downtown Philadelphia near Independence Mall that concentrated on local artists, authors, and African-American works. This business owner needed help getting the business to the level of profitability she needed in order to be successful. Eustace for this project assigned me to work with Pearl Whang-Harerra.
I met with Pearl a couple days later during my first day working in the SBDC. She gave me the bookstores business plan and asked me to read over it and study it. She said pay attention to the estimated numbers that the business owner, Angela, had projected in her accounting plans. After studying the business plan I learned that the expected numbers for the first year were all correct except for the estimated revenues. The actual expenses met very closely to Angela's estimations, however...
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