Shopping with SOURCE and Basketball – All in One Day

Join us in the Near West on Saturday, August 17th from 11am-2pm!

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Basketball and shopping don’t usually go together, but on Saturday, August 17th, we’re about to change that. While the street outside of SOURCE RW will host the Gus Macker 3-on-3 Basketball Tournament, inside our doors will be a shopping extravaganza!  

The vendors at Shopping with SOURCE are local entrepreneurs – many of whom are working to grow their small business. Their passion and pride in their products and services are evident and they contain the high quality that one can expect from locally produced products.

In the past, Shopping with SOURCE has had products for sale such as body scrubs and lotions, pet costumes, food, art, jewelry, home décor, clothing, and so much more!  

This is a great time to come and check out what the Near West has to offer. With Shopping with SOURCE happening at 2230 W. Michigan St., basketball in the intersection of W. Michigan St. and King St., and the Haughville Park located 1 block north at 520 Belleview Place, there is definitely something for everyone!  

Every dollar spent at Shopping with SOURCE stays local and supports the Indianapolis economy. When we support small business owners, we’re helping to put food on the table for hardworking men, women, and their families and we’re supporting the dream of business ownership.


DeAndra Glass, Owner of Black Amethyst, LLC

SOURCE RW Entrepreneur Spotlight

Spotlight Entrepreneurs are hardworking small business owners who have taken advantage of SOURCE RW’s educational resources.

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“We do ourselves a huge disservice when we don't take the time to pause and really discover who we are and what we are passionate about!” – DeAndra Glass

Name: DeAndra Glass

Business Name: Black Amethyst, LLC

Business Website: BlackAmethystNaturals.com

Business Facebook: Black Amethyst Naturals

 

Tell us a little about your business.

Black Amethyst is a self-care and wellness brand that connects the community with the knowledge of how to incorporate holistic thinking into their everyday lives. Through our workshops, Black Amethyst creates an environment for individuals to learn and personalize their own self-care products. Black Amethyst also offers an assortment of artisan organic skin and hair products for men and women and children.

What services have you utilized at SOURCE RW and how have you benefitted?

Source River West has a multitude of resources that have aided Black Amethyst in its development.  We have attended the one-on-one business coaching, Techno Talks, and SBA programs. We will continue our desire to improve through Source River West’s business accelerator program in the fall of 2019. We have benefited greatly from the constructive feedback! It has allowed us to remain confident in our strengths while assessing opportunities for growth.

 What made you interested in being a business owner?

I’ve always been a person that wants to help people. I initially started off my professional career in the medical field. After some self-reflection, I realized that my passion is to meet people where they are on their self-care journey and help to develop them into the best version of themselves. I wanted to help people on a deeper, more personal level—before they got sick. I wanted to be able to help the people in heal the many different aspects that could be impacting their lives in a not so positive way. That inspired me to start studying holistic approaches to people’s common problems. After several years, I decided to create Black Amethyst.

 What have you enjoyed most about being a business owner?

So far, helping people! Black Amethyst hopes to become a staple partner and trusted resource hub for the community. The feedback we receive from our clients is everything! We get to watch our clients grow from the knowledge we’ve been able to provide through our workshops. Then to top it off, we get to see the magic that happens when our clients use our products.  It gives a sense of pride to be able to see our clients moving forward in their journey to self-care.

 What have you enjoyed least about being a business owner?

Not being able to reach as many people as we want to. We are a new business and that comes with its own unique set of challenges. For us, it is mainly exposure. I find myself wanting to spread the word to everybody about what Black Amethyst has to offer and not always finding the best vehicle to do so. We really want to be a company that has a positive impact on people's lives and that makes a change in this world!    

Was there ever a point when you wanted to quit?

Not really. I’m very passionate about impacting the community in a positive way. If I ever have thoughts about quitting I think about the testimonials our clients. Being able to help even one person makes every challenge worth it!

 Was there ever a point where you realized you had “made it”?

Oh not quite yet. We have some really big goals! We have been making strides but I don't think I will be able to say we have "made it" until we are able to grow a bigger platform and reach more people.

If you could tell aspiring business owners just one thing before their journey – that you wish you had known prior to starting your journey – what would it be?

Perseverance is key. I actually wrote that on my graduation cap before I had ever dreamed about being an entrepreneur. We do ourselves a huge disservice when we don't take the time to pause and really discover who we are and what we are passionate about! Then rinse and repeat! We have to allow ourselves the grace to make mistakes, learn lessons and change our minds. Always maintain your desire to preserve, be inspired by life to keep growing and find the joy that comes from doing what you are passionate about.

Black Amethyst has rented space at SOURCE and will be holding DIY workshops on Saturday, September 7th. Check them out here! For information about hosting your next meeting or event at SOURCE, please contact us at info@sourcerw.org.



Techno Talks: Using Your Phone to Boost Your Business

Wednesday, August 28 | 4:00-5:30pm | $5
Keep your business in your hands.

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Smartphones have become a powerful force in society and like it or not, they’re here to stay. For small business owners, this can be both a blessing and a curse.

With faster speeds, stronger computing power, easy access to cloud storage, and ever-improving cameras, working from a smartphone has become a reality for many entrepreneurs.

The freedom and portability of a smartphone does have a downside. Distractions in the form of social media, games, web browsing and more are abundant. Not to mention the multitude of apps all claiming to help you run your business more efficiently!

With so many choices out there, how can business owners avoid spending wasting time with downloading, testing, and ultimately deleting apps that don’t work like they are advertised to?

Let us do the work for you. When you come to the August Techno Talks: Using Your Phone to Boost Your Business, you’ll have the opportunity to view several different apps within the categories of Business Operations Management and Marketing. You’ll get an inside look and overview of what each app can do so you can make an informed decision for your business.

Even better, at the end of the presentation, there will be plenty of time to ask questions specific to your business and to work with onsite assistance to find, set up, and get started on using the best apps for you! Register today!

Pitch Fest Wrap-Up

Congratulations to the graduates of the Business Accelerator Series!

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Over the last 10 weeks, 13 small business owners met each Thursday evening for an intensive study in building their business. On Friday, June 28 the Dream It – Start It – Grow It Business Accelerator Series culminated in Pitch Fest, giving each participant the chance perform their business pitches and win $2,000 in seed funds to continue growing their business.  

With topics ranging from defining a target audience, market research, obtaining funding and budget creation, marketing, and more, these businesses are poised to grow. The development of their business pitches has put them in the position to seek funding from outside sources by showcasing their ideas, plans, and sustainability in the best possible light.  

While all business owners put in a tremendous amount of time and effort, one stood out from the crowd.

Maurice Dunn, Owner and CEO of The Carpenter’s Son

Maurice Dunn, Owner and CEO of The Carpenter’s Son

Congratulations to the winner of the Summer 2019 Pitch Fest, Maurice Dunn, Owner and CEO of The Carpenter’s Son ! 

The Carpenter’s Son provides the highest level of construction management services while maintaining the project’s budget, schedule, and quality of work. The Carpenter’s Son is committed to providing superb services for Commercial or Federal clients regardless of the scale or project intricacies.  

Maurice will be receiving $2,000 in seed funds for his business, which he plans to use on his staff’s continuing education.

Congratulations also to the rest of the cohort on their hard work and dedication to their businesses! Participating businesses included:

Sharpened Minds, LLC

Owner: Nikki J. Henson 

Total Dynamic Organization

Owner: Dr. Tracey Danner-Odenwelder, CFRE 

Angels of Hope Home Agency, LLC

Owner: Karla Nowlin 

DC One Connect

Owner: Crystal Griffen 

The Normies, LLC

Owners: Chris Johnson, Runa Mohammad, Marketa Ruzickova 

Acclaim Creative Group, LLC

Owner: Karen Dabney  

Resell Indy, LLC

Owners: Rolonda Lolla 

Her Development, LLC

Owners: Michele Annee and Charity Stowe 

Dream It – Start It – Grow It Business Accelerator Series is offered twice per year. The next round will begin in October. Sign up now! 

How NOT to Think About Opportunity - Entrepreneurship Defined

Written by Steve Thrash, Executive and Entrepreneur in Residence at SOURCE

Steve Thrash –Executive and Entrepreneur in Residence at SOURCE River West Entrepreneurship Center

Steve Thrash –Executive and Entrepreneur in Residence at SOURCE River West Entrepreneurship Center

Many definitions exist for what true entrepreneurism is and how to recognize entrepreneurial traits in individuals. Numerous self-help books and well-meaning gurus set entrepreneurship up as engaging in a risk taking, role-of-the-dice undertaking, intended only for those of us with a strong heart and weak mind willing to risk it all to become the new Steve Jobs or fill in the blank billionaire maven. 

I'd like to suggest an alternative profile to the wild-eyed, throw caution to the wind persona. 

A current online course from Harvard Business School Online defines entrepreneurship as "the pursuit of opportunity beyond the resources currently controlled.” A far cry from the more traditional definitions and a bit of a yawner. However, the course goes on to identify the attributes below as key characteristics of successful endeavors by entrepreneurs.

Mind you without some risk, there is no reward. I'd suggest however without some return - monetary or otherwise - you shouldn't bear the risk.  Calculated risk is just smart management.

A process taken on by many successful serial entrepreneurs involves:

  1. Identifying an opportunity (i.e. a problem to solve, improvement to make, an added value to a circumstance.)

  2. Forming a hypotheses and test. We have good ideas, but to ensure a viable business can be formed you must test - at low cost in a limited time - your idea and your hypotheses.

  3. Tracking results, adjusting, expanding or abandoning based on your findings. It is this step that gets lost in the mix when considering a venture. Without it, your investment of time, money, reputation and energy is at a far greater risk.

  4. Launching.  When your idea proves itself out - you have found how to capture and create customer value in testing, only then is it time to plan and launch your business. 

The caveat is ventures start, scale, fail and need adjustment constantly. The process is never done, and the true entrepreneur loves the hunt. 

For more information on planning, starting, scaling and succeeding at business, contact SOURCE River West Entrepreneurship Center for programs and guidance on next steps as you pursue your opportunity.

Techno Talks: Ramping Up Your Online Business Presence

Techno Talks: Ramping Up Your Online Business Presence

Thursday, July 25 | 4pm-5:30pm | $5

Strategic marketing in the Digital Age

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If your business already has social media linked to a website, you are on the right track! Now more than ever, social media plays a large role in creating a sustainable business. In 2014, 92% of marketers claimed that social media was important for their business. (https://www.forbes.com/sites/jaysondemers/2014/08/11/the-top-10-benefits-of-social-media-marketing/#36baee181f80).

But these platforms have grown in size and many depend on them to connect, market, and advertise.  So with more users now than ever turning to social media to learn about businesses, it is time to evaluate your social media marketing approach.

Social media marketing leads to increased brand awareness, better search engine rankings, higher sales conversions, and more. It also creates an opportunity to interact directly with your customers on platforms where they already are active.

While many of us have personal social media accounts, business accounts require a different way of thinking. By being strategic in the frequency and type of posts sent out, your business will be able to control your image and direct your customers where you need them to go. Establishing your marketing plan is crucial to ensuring that your business’s image remains what you want it to!

Social media is not a passive marketing tool, but rather one that is constantly evolving with endless opportunities to engage in real time. But where should your business even begin? How much time is too much?

Join us on Thursday, July 25 from 4-5:30pm for Techno Talks: Ramping Up Your Online Business Presence and find out! Following a brief presentation, there will be plenty of time to talk about YOUR specific business questions and needs.

NOTE:  This session is geared toward business owners who already have social media profiles and working knowledge of social media. 

Start your business this summer!

Business Start Up Summer Series | Tuesdays, 6/25, 7/23 & 8/27 | Noon - 1 pm | Free

Presented in partnership with the U.S. Small Business Administration (SBA)

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If you have been waiting for the right time to start a business, here it is! 

There are a lot of reasons people wait to start their own business. Some are worried about the unknown – what is it really like to be a small business owner? Others are concerned about not having enough start-up capital, or that a lack of education puts them at too much of a disadvantage. Others have been told they aren’t ready or can’t do it.

If you’re ready to find out for yourself what being a small business owner is all about and how you can get started, join us this summer for our Business Start Up Summer Series. 

Small business ownership is a journey and an exciting one at that! But, with all of that excitement also comes uncertainty. When small business owners were asked, “What’s the best way to learn more about entrepreneurship?” 51% responded with, “Start a company.” If you’re still feeling a little unsure about what to expect as a small business owner, join us on Tuesday, June 25 from Noon-1pm for our Business Start-Up 101 workshop.  

Approximately 33% of small businesses are started with less than $5,000 and 58% got started with less than $25,000. Many businesses require little start-up funding which gives the owners time to start slowly and grow their business as the market demands it. If funding is a concern of yours, check out the July 23rd Noon-1pm workshopFunding Options for Small Business.  

When it comes to formal education, about one-third of small business owners have not attended college. The good news is that a college degree isn’t the only way to be successful. But knowing what you have and how to account for it is!  If you’re worried about your accounting skills, join us for the August 27th Noon-1pm workshopFinancial Management for Small Business.  

All three of these workshops will be presented by the SBA (Small Business Administration) at SOURCE River West and are geared toward people who are considering starting their own business but need information before taking the leap. You are welcome to attend one, two, or all three! You may attend in person at SOURCE River West Entrepreneurship Center or online through Skype in the convenience of your home or office. 

This could be the summer that changes your whole life! 

(For more entrepreneurship-based statistics and the sources for the ones found in this article, check this out: https://smallbiztrends.com/2019/03/startup-statistics-small-business.html)

Remembering Jason Andrews

Honoring the memory of one of SOURCE RW’s biggest supporters.

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On Monday, May 20th the SOURCE River West Family got a little bit smaller. Our friend, supporter, and Board Member, Jason R. Andrews died in a car accident.

Jason was the Founder of Equity Financial Services where he served as the President and a Certified Financial Planner. Outside of work, Jason volunteered his time to many notable causes including as Varsity Football Coach for Ben Davis High School, Co-Chair of the Opportunity Committee for the Great Places 2020 Initiative, and Board Member and Treasurer for Pathway to Recovery.

For SOURCE RW, Jason was a dedicated Board Member and one of the Co-Founders of the Seed Fund program. He was a shining example of successful entrepreneurship and lived the mission of SOURCE RW by providing guidance, advice, support, and encouragement to entrepreneurs at all stages. We are fortunate to have known him and to have benefitted so greatly from his entrepreneurial experience and knowledge.

Because of his high level of dedication and commitment to our cause, we are renaming our Seed Fund program to the Jason Andrews Seed Fund in his honor and memory. Jason will be missed but his entrepreneurial spirit will live on in the work we do here at SOURCE RW.

It is time to get your finances in order!

QuickBooks Online for Beginners | Wednesday, May 22 | 9am - 11am | Fee: $95

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Now that tax season is officially over, let’s get ready for next year and make sure you are ready!  

If you’re a small business owner using or considering using QuickBooks Online, listen up! QuickBooks Online is one of the most used accounting software by small business owners. QuickBooks Online is easy to learn, saves time tracking income and expenses, performs difficult calculations, and puts reports at your fingertips.  

But what good is a tool if you don’t know how to use it or can’t take advantage of all of the features?

That’s where we come in. SOURCE has teamed up with Becky Massa, QuickBooks and accounting expert, for this QuickBooks Online for Beginners workshop.  

Join us on Wednesday, May 22nd from 9am-11am to learn how to navigate the software, record paper checks, prepare invoices, reconcile your bank accounts, and more! This course is taught with limited “accounting jargon” so you’ll find it easy to follow along.  

This workshop is perfect for those who have been using QuickBooks Online as their accounting software but aren’t sure they are “doing it right” and for those who are only just getting started with QuickBooks Online.  

Choosing accounting software for your small business is an important decision. If you’d like to come and see what QuickBooks Online is all about at register now to hold your spot!.

 

SOURCE River West Entrepreneurship Center

2230 W Michigan Street, Indianapolis IN

www.sourcerw.org

Entreprenueur Spotlight!

Danielle Noble, Owner of Developer Essentials

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Spotlight Entrepreneurs are hardworking entrepreneurs who have taken advantage of SOURCE RW’s educational resources. 

“I’ve always wanted to be an entrepreneur, but it’s taken a while for me to figure out the best business model for me.” – Danielle Noble 

Website: https://www.developeressentials.space/

Tell us a little about your business.

Developer Essentials is a product supplier that specializes in upscale and unique building materials servicing the Construction and Design Industries. Our highly curated but well-priced product offering was handpicked by a team with over 20 years of design experience. We are committed to helping our clients create forward-thinking, innovative spaces.

Our Core Categories include:

  • Cabinetry

  • Lighting

  • Private Label Upholstery

  • Art

  • Casegoods

  • Decorative Hardware

  • Shower Enclosures & Bath Fixtures

I am also pleased to announce that Developer Essentials is now a certified WBE/MBE business!

What services have you utilized at SOURCE RW and how have you benefitted?

I’ve utilized SOURCE RW extensively. Most recently, I just graduated from the Kauffman FastTrac New Ventures business ownership course this past fall. I’ve also attended other weekly courses that have centered around topics such as Financing your Business and Identifying a Business Mentor. I’ve also attended a business coaching session at SOURCE RW. 

The benefits have been monumental… For example, my Kauffman class gave me the tools to put together a Business Model Canvas. This business plan is crucial for the running of my business as it identifies my key partners, value propositions, customer segments, etc. It’s my roadmap to conducting business as it even details the expected revenue per business segment. The Kauffman class also introduced me to a money management tool that is instrumental in keeping my finances on track. 

What made you interested in being a business owner?

 I’ve always wanted to be an entrepreneur, but it’s taken a while for me to figure out the best business model for me. 

What have you enjoyed most about being a business owner?

 I love the flexibility to follow atypical projects. I also enjoy being able to control my own destiny.

 What have you enjoyed least about being a business owner?

It can definitely be a grind… I’m a creative person, so I have to constantly remind myself that I must be mindful of the books and keep things up to date.

 Was there ever a point when you wanted to quit?

Not quite, per se. But there are definitely times when I say to myself “Who do you think you are?” Luckily those thoughts tend to be quieted after hearing a bit of good news.

 Was there ever a point where you realized you had “made it”?

Oh no… My company is in its infancy, I have yet to make it. Really, I don’t know if any entrepreneur ever feels as if they’ve ‘made it’.

If you could tell aspiring business owners just one thing before their journey – that you wish you had known prior to starting your journey – what would it be?

Be smart about branding your business from the outset. Factor it into your start-up costs. It seems frivolous but it’s amazing the credibility you’ll gain from a consistent branding strategy.

A new name and new way to start or grow your business

Dream it – Start it – Grow it Business Accelerator

Thursdays, April 25 – June 27, 2019 | 6pm-9pm | Fee: $149

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We believe in you!  Small businesses have the ability to transform lives, neighborhoods and even the economic landscape of a city. You have the knowledge, passion, and drive – we have the training, tools, and resources to make your ideas a business reality. 

Dream it – Start it – Grow it Business Accelerator was created for serious entrepreneurs who are ready to start a business, or who have been running a business and are ready to take a hard look at its foundation or grow. 

Over this 10 week series, our expert instructors and coaches will guide you on your path while you learn by doing. When you complete the Accelerator you will have a firm business foundation including understanding your value proposition, identification of customer segments, identification of financing options, the ability to brand and market your product/service, and more! Participants will also have the opportunity to meet, learn from, and network with successful small business owners and experts.

Thanks to the generous funding of the JPMorgan Chase Foundation, we are able to offer this class for only $500 $149. That’s $14.90 per class for the tools and resources necessary to creating a solid business foundation.

SOURCE RW Awarded $200,000 Grant from JPMorgan Chase Foundation

To offer expanded services to Great Places neighborhoods

The team at SOURCE RW is grateful to the JPMorgan Chase Foundation whose recent support of $200,000 will open doors for entrepreneurs and small business owners in Indianapolis.

Over the next two years, this funding will support the expansion of services for entrepreneurs and small-business owners in all designated areas of the Great Places 2020 initiative, in addition to the work already being done in the Near West/River West neighborhood.

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Tedd, Grain

“Great Places 2020 is an effort to transform five strategic places in Indianapolis into centers of commerce, culture and community. JPMorgan Chase’s generous support of Source River West will catalyze neighborhood entrepreneurship in each Great Place, helping to return these places to their historic role as centers of creative enterprise. This will complement the role of other partners supporting Great Places, including the Indy Chamber, United Way of Central Indiana, Indianapolis Neighborhood Housing Partnership, Keep Indianapolis Beautiful, and the City of Indianapolis.”

— Tedd Grain, Executive Director, Local Initiatives Support Corporation (LISC) Indianapolis

"Not only will this grant help guide entrepreneurs and provide them with the resources needed to thrive, it will positively impact and strengthen the community. It's my hope that with the additional funding, we will advance many business owners' goals and dreams" - Tom O’Neil, SOURCE River West Board Chair

In 2018, SOURCE RW assisted over 300 small business owners and pre-business owners. With this funding and the upcoming expansion, SOURCE and its partner, the Business Ownership Initiative (BOI), will offer business education and coaching in all 5 Great Places neighborhoods: Englewood Village, King Commons, Maple Crossing, River West, and Twin Aire.

Small business is the life blood of Indianapolis. The JPMorgan Chase Foundation grant will help ensure that all Indianapolis residents have access to tools and resources to launch and sustain the businesses they need and want in their community.

“As our City turns 200 years old, what better way to celebrate the Bicentennial than investing in the places where our history was made?” - Tedd Grain

Click to read the original article

Click to read article in Inside Indiana Business with Gerry Dick

Seeking Entrepreneurs!

Let your opinion be heard

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SOURCE RW is constantly evaluating program and resource offerings to ensure that what we provide to you is useful, relevant, interesting, and helpful to your entrepreneurial journey.

If you or someone you know is a small business owner, or is considering starting up a business, in the Indianapolis area, we need your input.

SOURCE RW is conducting focus groups to learn more about the resources, services, programs, and workshop topics that Indianapolis entrepreneurs need. We are seeking volunteers to attend a 2-hour session (Tuesdays from 5:30-7:30 p.m.). During this time you will meet other business owners and give back to the small business community by voicing your opinion.

For more information and the date/time for YOUR focus group, please email us at info@sourcerw.org.

Part Time Position Open for IUPUI Student

Program Assistant Position Opening

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SOURCE RW is seeking a part-time Program Assistant! As the Program Assistant, you (or someone you know!) will find yourself: 

  • Providing excellent assistance to SOURCE RW clients by answering questions about workshops, assisting with enrollment, and responding to client inquiries about other programs, resources, and services;

  • Maintaining online course calendars and attendee information;

  • Learning to use Salesforce database (a highly sought after skill in the business world!);

  • And so much more, all to ensure efficiency and excellent customer service.  

The Program Assistant position is unique in that the hours will fluctuate depending on the time of year. Spring and Fall semesters will be 12-16 hours/week while summer will ramp up to 20+! Perfect for a college student with a bit more free time in the summer.

Check out our posting for more information! Please pass this along to anyone who may be interested. We’re looking for a rock star! 

Please note: This position is open only to current Graduate or Undergraduate IUPUI students.


Framing questions and finding data with SAVI

Where can I access market research?

Join us on Thurs., February 14, 2019 | Noon - 1 p.m. | $15 course fee

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How do you know if your business idea or scale-up plan will work? Is there a demand for your services or products, and who are your customers and competitors?

If you’re thinking of starting a business, testing products, or scaling-up to offer more services or products, performing market research is one of the most important first steps. Market research refers to using relevant data to make an informed decision. It is the best way to understand your target audience and to gain in-depth knowledge before you launch.

It can be overwhelming to consider all the factors that go into making such an important decision, but there are tools available to help – and some are free. SOURCE can help you get started with your market research! Join us on Thursday, February 14th from Noon-1pm for Framing Questions and Finding Data with SAVI to learn how to put SAVI to use to further your business!  

SAVI is an online, highly searchable database that uses web applications to put data into context, making it easier to interpret and use. You’ll be able to search specific communities and broad areas to gather data and help you decide if your business is supported by the community.  

This workshop will be a “Lunch and Learn” so please bring a sack lunch to enjoy during the presentation! To learn more or register, visit our website!

SOURCE RW Entrepreneur Spotlight

Britteny Davidson, Owner of KurlyKoils

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Every month, we shine a Spotlight on a hardworking entrepreneur who has taken advantage of SOURCE RW’s educational resources. This month, we feature Britteny Davidson, Owner of KurlyKoils.  

“The satisfaction of being your own boss will be your driving force through the tough times.” – Britteny Davidson 

Business Website: kurlykoils.com

Business Facebook: Kurlykoils

 

Tell us a little about your business.

My business helps women, men and children embrace their natural curly hair with expert cutting, coloring and product recommendations based on their hair type and curl pattern.

What services have you utilized at SOURCE RW and how have you benefitted?

I have taken the Business Owners Series. This class really helped me understand marketing, cash flow, and cash projections. 

What made you interested in being a business owner?

I got laid off from my job of 6 years in 2016 and wanted to put my destiny in my own hands by becoming an entrepreneur.  

What have you enjoyed most about being a business owner?

I have enjoyed learning about being a business owner and running a business. I didn’t realize that there are intricate things businesses owners are doing. I also enjoy the self-development that has taken place in my life because of this lifestyle change.  

What have you enjoyed least about being a business owner?

I think the part I like the least is the hours you must put in. Even in my free time, my mind is constantly thinking about things I can be doing to improve my business. The agony is well worth it!! 

Was there ever a point when you wanted to quit?

No way! Either I will work hard for myself growing my own company or work for someone else, growing their company! 

Was there ever a point where you realized you had “made it”?

I think I will feel like I have “made it” when I am paying employees and when Kurlykoils is not renting a space.

If you could tell aspiring business owners just one thing before their journey – that you wish you had known prior to starting your journey – what would it be?

There will be some good days and some bad days. Most business owners don’t survive their first couple of years in business. Keep pushing! The satisfaction of being your own boss will be your driving force through the tough times!

River West Works – Open for Your Business!

Affordable co-working space on Indy’s Near West side

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If your business is outgrowing your home office and you’re seeking affordable office space, check out the newly opened River West Works! 

Located on the Near West side, conveniently next door to the SOURCE RW office, River West Works offers truly affordable office space and amenities to entrepreneurs looking to start-up or scale-up their businesses. These entrepreneurs could be: 

  • Westside residents in need of office space

  • SOURCE River West program graduates

  • Woman/Minority owned start-ups

  • Individuals facing barriers including social, financial, gender, racial, etc. 

This space features amenities such as: 

  • Conference room

  • Coffee Bar

  • Mailboxes

  • 24 hour access, 7 Days/Week

To learn more about how to reserve your office space with River West Works, visit their website!

Meeting Space For Rent – Near Downtown and Free Parking

Rent SOURCE RW’s Space for your event

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SOURCE RW is available to rent for meetings and events. A short drive from downtown on Michigan Street, SOURCE RW boasts a convenient location, free street parking, tables, chairs, and a kitchenette with coffee service available. 

If you would like more information, or to schedule a time to see the space, please call (317) 737-2155 or email info@sourcerw.org.

A message to our Friends, Partners, and Neighbors

Thank you! What you can expect in 2019.

Pitch Fest June, 2018

Pitch Fest June, 2018

As 2018 winds down, we wanted to take a moment to reflect on the past year and to thank our partners, funders, clients, and the Near West neighborhoods for your continued support. Because of you, SOURCE was able to assist over 250 entrepreneurs in the last year.  

That is more than 250 new and current entrepreneurs who are now better equipped to thrive and grow. These are men and women who are seeking to have an impact on our local economy by creating jobs, keeping profits and tax dollars right here in Indianapolis, and sourcing locally made goods and services into our community. 

Here at SOURCE, our interests lie in the dreams and possibilities of tomorrow. As much as we enjoy looking back over our accomplishments, we always keep a sharp focus on the future.  

As we look ahead to 2019, you can expect to see new and exciting programming taking place at SOURCE and throughout Indianapolis. We have learned a lot during our first two years of working with aspiring and current entrepreneurs and all of the knowledge and insights gained have gone into the creation of brand new workshop topics and class series.  

While we will still be offering our Introduction to Business Ownership series, SBA Live! presentations, Business Owners Series – Kauffman FastTrac® New Ventures, and more, the line-up will grow to include workshop topics such as: 

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  • Informational Sessions

  • Self-Discovery – Are you ready for entrepreneurship?

  • Business Start-Up Basics

  • Industry-Specific Deep Dive tracks

  • And More!

Be sure to keep an eye on our newsletter in 2019 as we roll out our new offerings!  

These programs have come to be out of the growing and diversifying economic landscape of Indy’s Near West side, which could not have been possible without the dedication, determination, and drive of the local entrepreneurs who put their hearts and souls into their businesses day after day. We here at SOURCE are so grateful and proud to walk alongside these hardworking men and women in their journeys, offering support and guidance when asked, and celebrating their wins with them. Because of what they have taught us, SOURCE is in a position to expand and bring our programming and services to entrepreneurs located throughout Indianapolis. Big changes are coming. 

We would like to invite you to join us in 2019 as an entrepreneur, partner, or supporter. Together, we will continue creating an environment and a city where all entrepreneurs can thrive.

Entrepreneurship Indianapolis – Identifying a “Best Fit” Business Mentor

Entrepreneurship Indianapolis – Identifying a “Best Fit” Business Mentor

Tuesday, December 11 – 6:30pm-8pm

Founder of Circle City Rebar, Frank Davis, discusses the value of mentors and how to find one

Frank Davis

Frank Davis

Entrepreneurship can sometimes feel like completing an endless “to do” checklist. Come up with an idea? Check. File with the state? Check. Open a business bank account? Check. Find a mentor? Hmm. 

Finding a mentor, unfortunately, often takes a backseat to the more technical aspects of starting or running a business.  

When it comes to small businesses and mentors, 92% of small businesses agree that mentors have a direct impact on the growth and survival of their business. (Kabbage, Inc.). In fact, 89% of small business owners that don’t have a mentor wish they did.  

Mentors use their experience and expertise to act as a sounding board for your ideas. By remaining objective, they can see your business from a fresh perspective and use their experience to gently guide you away from pitfalls they may have seen firsthand. When you find yourself faced with a difficult decision – one that could forever change the path of your business – mentors are often the ones quietly reminding you of the vision you had in the beginning.   

How can you find the perfect business mentor for your entrepreneurship journey? Join us on December 11th for the final 2018 Entrepreneurship Indianapolis workshop. Frank Davis, founder of Circle City Rebar, will share the impact that his mentors and friends have had on his business success.  

The Entrepreneurship Indianapolis series is discussion-driven so be sure to bring your questions! After Frank shares his story, we will discuss what makes a great (and not so great) mentor, mentor/mentee etiquette, and more. 

We hope you can join us on December 11, 2018. Register now!