Midlothian Business Institute Seeks Innovators

January 31, 2018 by Midlothian Economic Development

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It is often said that little things can make all the difference. One of the best examples of this can be found in the business world.

The small business world, that is.

Just how powerful are small businesses?

According to the U.S. Small Business Administration:

  • The Office of Advocacy defines a small business as an independent business having fewer than 500 employees.
  • In 2014 (the most recent data available), there were 29.6 million small businesses.
  • Small businesses comprise 99.9 percent of all firms.
  • Small businesses make up 47.8 percent of private sector employees (58 million out of 121 million employees) and account for 41.1 percent of private-sector payroll.
  • Small businesses generate three-fifths of net new jobs, even though their share of employment is less than 50 percent.

In other words, while these companies may be small, they are mighty – and they play an impressive role in local economies.

Homegrown companies not only contribute to the local tax base, but they create jobs, spur innovation and help cultivate a community’s identity.

This is precisely why the recently formed Midlothian Business Institute is unveiling its inaugural business course: the Accelerate Entrepreneurship workshop.

Offered through Tarleton State University’s continuing education program at the Midlothian Higher Education Center, the five-week introductory class is intended to foster entrepreneurial evolution.

“Promoting and growing new business is extremely valuable to economic development,” said Larry Barnett, president and CEO of Midlothian Economic Development. “It is vitally important for us to support people who have innovative ideas and help their new businesses flourish.”

Through insightful instruction from community business leaders on topics such as taxation, marketing, accounting and more, the Accelerate Entrepreneurship course is designed to diffuse the mystery that often surrounds business startups.

The course is ideal for students ranging from retirees and stay-at-home parents to fresh high school or college graduates and entrepreneurs whose new ventures are just taking flight.

“Many people who want to start a business wonder if they need a lawyer or accountant,” said Sharon Price, CPA, office director of AFairchild, PC, and one of the course instructors. “Our goal is to put them in direct contact with professionals who have that expertise and to help build relationships.”

A shining testament to Midlothian’s progressive atmosphere, the Accelerate Entrepreneurship workshop promotes skills development through professional collaboration, exemplifies business leaders’ desire to give back to their community and embraces Midlothian’s inviting spirit.

“I am so excited about the Midlothian Business Institute’s Accelerate Entrepreneurship workshop,” said Cammy Jackson, president of the Midlothian Chamber of Commerce and a course instructor. “The program will give small business owners a practical overview of the fundamentals required to start a small business, helping them acquire the tools they need to make sure their business succeeds. The chamber is here to support our businesses and we believe this program will give them the tools they need to grow. This is an amazing opportunity for entrepreneurs to get out from behind their desks to network and learn from thought leaders and peers.”

  

* For more information on the Midlothian Business Institute’s Accelerate Entrepreneurship Workshop, visit Accelerate Entrepreneurship or call (972) 978-3108. 

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