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| Helpful Web Sites: U.S. Small Business Administration: www.sba.gov, Local SBA Small Business Information Center office is located at 3600 Wilshire Blvd. L.A., Ken Davis, Manager, (213) 251-7253. One of the best business assistance sites is www.entrepreneur.com, and quicken.com. If you need City of Los Angeles assistance their site is City of Los Angeles, Council Offices , City Departments. Www.freetimejobs.com is a unique on-line job site that connects freelance individuals or small individual shops or others with the businesses that need them and vise verse where small businesses need part-time or per project help. LA
INTERNET BUSINESS CENTER Definition LA Internet
Business Center (LAIBC) is a business incubator that houses small Internet
related start-up firms. LAIBC provides
these firms with affordable office space, equipment, services, and planning assistance. Description LAIBC will
help Internet entrepreneurs start and build their own businesses.
To encourage business start-ups, LAIBC is planning to provide beginning
businesses with all or many of the following advantages: affordable rental space;
shared office services and equipment; management and business help; business counseling
and planning; and a creative entrepreneurial environment. Additionally, LAIBC
will provide a supportive environment that encourages business growth and stability
by helping new firms survive the initial start up stage. LAIBC
is a long term economic development tool for the Wilshire Center Community. Business
incubators help to create jobs, diversify the economy, expand the tax base, reuse
existing buildings, enhance the community's image as a center for innovation and
entrepreneurship, and encourage the development and transfer of new technology.
While
the purpose of LAIBC is to provide a nurturing environment for business start
ups, the goal of LAIBC is to prepare these businesses to locate outside of LAIBC.
To do this, LAIBC plans to help tenants develop business plans and budgets. LAIBC
is to have a graduation policy that requires tenants to move from the incubator
after a certain period of time, generally from one year to three years. The Structure
of LAIBC LAIBC
is to be managed by Wilshire Enhancement Group (WEG).
LAIBC is not maintained for the purpose of making a profit.
The WEG was formed as a non-profit, chapter 501 (c) (3) which allows WEG
to accept charitable donations and be tax deductible. This type of arrangement
allows the incubator to take advantage of both the expertise of the private sector
and the use of public funding. The LAIBC will have the assistance of an Advisory Board consisting of members from groups such as the local government, private industry, private lending, local business development organizations, community organizations, and/or educational institutions. This group is to consists of 6 to 9 people. It is this group that will also be the screening committee for the new perspective clients/tenants. LAIBC has the support
of the Wilshire Center Business Improvement Corp., Wilshire Center Chamber of
Commerce, City of Los Angeles, County, SBA Small Business Information Center and
other government units that are interested in working to see LAIBC be a success
for start up companies. This existing support network provides a measure of the
community's commitment for helping start up businesses. The group of organizations
provides a variety of services and programs for small start up firms within our
community. Facilities are to be available to occupants 24 hours a day, 7 days a week with the same in HVAC services at an additional cost. The central office will provide receptionist services, conference rooms, lunch room, classrooms, faxing and a copier. The central office can provide assistance for Internet services, telephone service/voicemail, email, web hosting, web design, printers/computers and network services. DSL or TI lines can be provided to each suite. The cost of these services could be reduced, charged as needed, or provided at cost to the tenants. Additionally, the central office can provide furniture acquisition for tenants. Business
Assistance will consist of monthly roundtables, professional service providers,
and We
are looking for Internet related business with a compelling, well articulated
strategy for capturing and defending a significant market share, with management
(not necessarily a complete team) with relevant and successful experience and
with a desire for advice and coaching. Occupants
set milestones for themselves to be reviewed bi-annually. Occupants can stay at
LAIBC for up to three years with a minimum of six months. LAIBC
selection process consist of preliminary online application, submission of a business
plan, internal management committee presentation, and Advisory Board presentation.
There are nine criteria for selection: concept, product or type of service, company
development stages, potential for commercial success, business plan quality, management
team, potential for Wilshire Center Community involvement, availability of incubator
space and technology requirements, and compatibility with existing occupants. All proposals
for occupancy within LAIBC must be submitted by email, currently to glra@pacbell.net.
The proposal besides name, email, etc. needs to consist of the term of
lease, square footage needed, special needs, and a business plan executive summary.
Do not include confidential information. LAIBC does not sign Non Disclosure
Agreements. There may or may not be a response to your proposal.
If there is further interest, one of the members will contact you. You
may be invited to make a presentation at one of our meetings. The price charged for rental space in LAIBC usually depends on the services and utilities provided. In
Addition: We
plan to have a CEO Roundtable where members meet once a month with other CEO’s.
The sessions are highly confidential and give the members an opportunity
to exchange ideas, opinions, and receive honest and direct feedback. Also we plan
to have S.C.O.R.E. business counseling, legal business counseling, accounting
and business management counseling, and personnel consulting services. Next door
to LAIBC is SBA’s Small Business Information Center located in 3600 Wilshire Blvd.
with a extensive reference library of resource guides, informational books and
tapes, how to books and other materials. Classes
with a CPA will focus on the following topics: essentials of cash flow planning
and budgeting; four ways to grow your business; pricing and profitability; an
actual case study of a business that did everything wrong by focusing on gross
sales; trend analysis and bench marketing, measuring and managing key performance
indicators; business is great and we’re going broke. For more information contact glra@pacbell.net |
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