FREQUENTLY ASKED QUESTIONS ABOUT THE TIMELY ENTREPRENEUR RESOURCE AND RESEARCH CENTRE (TTERRC)
FAQ 1. WHAT DOES THE TIMELY ENTREPRENEUR DO?
The Timely Entrepreneur Resource and Research Centre is a Small Business Development firm with a mandate to educate and empower startups and Entrepreneurs, and to lead them to growth and success in business.
We design and implement effective Entrepreneur programmes and Client Advisory Services to serve businesses as they seek to understand the dynamics of Entrepreneurship.
FAQ 2. WHAT SERVICES ARE OFFERED BY THE TIMELY ENTREPRENEUR?
At The Timely Entrepreneur Resource and Research Center, we provide:
- Early-Stage Business Advisory
- Elite Entrepreneur Sessions
- Live Webinar Training
- Business Seminars, training, and Workshops for startups and small businesses
- The Timely Entrepreneur Launch and Learn Events
- Insider Business Tips and advice
- Access to The Timely Entrepreneur’s Library & Business Resources
- Certification Courses for startups and small businesses
- Connections to Small Business Development Assistance
- Publicity Opportunities
- Business Bites - Lunchtime Business Sessions for Entrepreneurs
- Business Nights - Entrepreneur Learning
- IP Referrals
- Connections to Export Assistance...and much more
FAQ 3. DOES THE TIMELY ENTREPRENEUR PROVIDE FUNDING?
No, we do not provide funding in the form of loans or grants. We do, however, provide assistance with contacting relevant sources of funding.
FAQ 4. ARE YOUR COURSES/TRAINING FREE OR PAID?
Some of our programs are free, while some are paid.
FAQ 5. WHAT IS THE COST OF THE ENTREPRENEUR SESSIONS?
Currently, our session costs range from TT$150 to TT$500, while some are free.
FAQ 6. WILL I BE AWARDED A CERTIFICATE UPON COMPLETION OF SESSION/PROGRAMME?
Yes, certificates are awarded upon completion of our programmes.
FAQ 7. WHAT IS THE DURATION OF THE SESSIONS?
Session times are varied based on content. Our Lunchtime Business Sessions are usually one hour, whereas our weekly Entrepreneur programmes run for three hours at most.
FAQ 8. WHAT IS THE DURATION OF A FULL PROGRAMME?
Most of our programmes are completed in one session. We really try for our programs not to be too long and drawn out. However, a few programmes extend for a number of sessions, as is the case with our Spanish programmes. These may run on for a total of (10) ten one-hour sessions. Other sessions are completed thoroughly within the session’s time, e.g., one hour or 3 hours.
FAQ 9. ARE THE SESSIONS ONLINE OR OFFLINE?
Sessions are offered both online and offline.
FAQ 10. DOES THE TIMELY ENTREPRENEUR CARRY OUT THE FUNCTION OF BUSINESS REGISTRATIONS?
No, we do not do business registrations. We recommend that you go through the process to see and understand what it entails. However, we do understand that some persons do not like the hassle of getting around and so we have a list of resource personnel that can do the process for you if requested.
FAQ 11. DOES THE TIMELY ENTREPRENEUR PREPARE CASH FLOW PROJECTIONS FOR CLIENTS?
In a way, we do, yes! We help individuals understand and prepare their cash flow projections. Our process is different, so please contact us to find out how we do what we do. @488-0507
FAQ 12. DOES THE TIMELY ENTREPRENEUR PROVIDE A CUSTOMIZABLE ADVISORY SESSION?
All our Advisory Sessions are tailored to our clients. We collect basic, but relevant information to better utilize time and guide our conversation.
FAQ 13. CAN THE TIMELY ENTREPRENEUR WORK WITH ME AND MY BUSINESS THROUGHOUT MY JOURNEY?
Most certainly! Not only will we guide your starting process, but we will stay and guide you throughout your business's lifetime. We will become ‘business buddies’!
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Most people know they want to start a business. What they don’t know most of the times, is how they’re going to fund their business. This is the stumbling block for many eager Entrepreneurs who simply give up their idea or dream when they just can’t figure this part out.
When clients come to us with their interest to start a business, we make sure they understand what they are getting into financially, and that they understand the words ‘cash-flow’. Too many persons only pay attention to the frills of owning a business without taking into consideration, the in-depth details required to make a business survive and thrive. There are a lot of persons who start a business, and not enough Entrepreneurs who are able to seek out opportunities to create a sustainable, viable business, keep learning, keep creating, and keep innovating. If you’re going to build a business, why not build one to last? Why not build one your children or a future investor or buyer can take over?
So where are we going with this? Listen, if you want to start a business, you have got to keep your head in the game from the moment the idea comes to you, and not get carried away by the ‘shiny object syndrome.
So let’s talk Money! No, better yet, Capital! Where is it going to come from? This is your first business. Are you going to rely on the banks to just drop some money into your idea after you present them with a Business Plan? A Business Plan you paid someone else to do and you can’t even explain? To be quite honest with you, without a trading record, getting startup finance from a bank is going to be difficult no matter how good your idea seems.
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