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.

Tedd, Grain

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!

SOURCE RW Entrepreneur Spotlight

Nicole Kearney, Vintner/Owner of Sip & Share Winery

Nicole Kearney

Nicole Kearney

Every month, we shine a Spotlight on a hardworking entrepreneur who has taken advantage of SOURCE RW’s educational resources. This month, we feature Nicole Kearney, Vintner/Owner of Sip & Share Winery.

“Never be afraid, especially in the face of concrete financial evidence, to pivot.” – Nicole Kearney


Business Website: www.sipnsharewinery.com

Business Facebook: @sipnsharewinery

Tell us a little about your business.

Sip & Share Winery creates handcrafted, small batch delicious vegan wines. Our wines bring people together for any occasion and target the growing demographic of wine drinkers untapped by the wine industry. Sip & Share Winery wines are fun, easy to drink, and available for purchase at in-home wine tastings, events and online at sipnsharewinery.com.  

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

I have utilized the amazingly talented coaching skills of Sarah. Over a year’s time we have taken my initial business concept, saw a more profitable business model, pivoted and gotten the financial projections together. Doing so allowed me to see the financial picture of my startup and the pathway to profitability. I have also attended several workshops. They have been informative in helping me refine my pitch thanks to Indiana Originals. I have revised my product line design for 2019 based on sage advice of Saidah Pearsall.

What made you interested in being a business owner?

I’ve always been an entrepreneur. As a writer/producer I’ve had to manage my own business and brand. Moving from writing and producing stage plays and streaming series into making wine requires many of the same skills. However, instead of producing one to four projects a year, I’m now making cases and cases of wine over several months.

What have you enjoyed most about being a business owner?

Seeing and hearing the enjoyment folks get when they taste the Sip & Share Winery wines. Building the brand has been exciting and challenging but worth every minute. I can see the vision of what we’re creating even when others can’t. 

What have you enjoyed least about being a business owner?

Managing inventory. This is been my biggest area of opportunity. I ran out of our Blood Orange Semi-Sweet Red Wine at one of the largest events we participate in annually. I’m currently looking into an inventory management system that integrates with our online store as a solution. 

Was there ever a point when you wanted to quit?

Yes indeed. When I’m working non-stop on the weekends and missing out on all the ‘fun’ others are having. I have said, “I should be content with working and making a good living for my family.” Everyone around me laughs.

 Was there ever a point when you realized you had “made it.”

Not “made it,” but that I belonged. Sip & Share Winery was invited to pour our wines at The Black Wine Experience hosted by The Hue Society at Essence Fest in July. I was super worried my wines wouldn’t be on the same level as the other more seasoned winemakers. My fears (false evidence appearing real) were baseless. Our Semi-Sweet White was the people’s favorite! So Essence is where I earned my stripes. Now I know, Sip & Share Winery wines can hold their own.

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

First, before anything else, do your financial projections. Spend all the time it takes to ensure you know exactly what your business is going to cost. Have an idea of your business model and make sure it’s viable. Never be afraid, especially in the face of concrete financial, evidence to pivot. We were already three months in business before I started working on my financials. It was about nine months later when I saw with the help of Sarah, my BOI coach, that our wines were our profit center. With that knowledge, we pivoted.

Join Indy Convergence and River West Coffee and Tea

Join Indy Convergence and River West Coffee and Tea

Fridays through December 21st from 2:00 - 5:00 p.m.

River West Coffee and Tea

River West Coffee and Tea

Indy Convergence and River West Coffee and Tea are teaming up on Fridays to create a pop-up coffee shop on West Michigan Street! Enjoy coffee from River West Coffee truck while visiting Indy Convergence at 2611 West Michigan St., 46222.

Visitors are welcomed to utilize Indy Convergence as a place to relax, have an afternoon meeting or peruse the Haitian art collection. Creative seating and wifi is available!

Stop by on Fridays through December 21 from 2-5pm and follow @IndyConvergence and @riverwestcoffee on Facebook for updates.

Entrepreneurship Indianapolis – Going to Market and Promoting Your Business - Nov. 13

Co-founder of Indiana Originals, Mel McMahon-Stone shares insider knowledge on how to make the most of your marketing dollar.

Mel McMahon-Stone

Mel McMahon-Stone

With the seemingly endless rise of Amazon and the continual openings of big box stores, can small businesses really survive anymore?  

Thanks in part to the “Buy Local!” movements happening all across the nation, yes, they certainly can! Small businesses are vital to a stable economy. In fact, according to the Census’s Bureau’s Annual Survey of Entrepreneurs, there were 5.6 million employer firms in the United States in 2016. Of those, firms with fewer than 500 workers accounted for 99.7%. Firms with fewer than 20 workers made up 89%. 

How can your specific small business break out into the market and strategically compete with larger, more established businesses? We’re glad you asked. Join us at the November 13, 2018, Entrepreneurship Indianapolis workshop. Mel McMahon-Stone, co-founder of Indiana Originals, will be with us to discuss how to get your products and services in front of a large audience, identify your unique value proposition, and make the most of your marketing budget.

Indiana Originals, works to create stronger, healthier communities and increase jobs here in Indiana by encouraging and facilitating a greater use of independent, Indiana owned businesses.  

If you’d like to learn how to identify your business’s unique value proposition and use that to make the most of your marketing budget (no matter the size of it!), we hope to see you on November 13th.  

Be sure to bring your questions with you, as well! Entrepreneurship Indianapolis thrives on its discussion based set-up, meaning that you can ask questions about your specific situation and have a room full of responses. And, you can share your knowledge with your entrepreneurial peers as they ask questions. All in a supportive, educational, and inspiring environment.  

We hope you can join us on November 13, 2018. Register now!

Frank Davis

Frank Davis

  

Other upcoming Entrepreneurship Indianapolis workshops

Identifying a “Best Fit” Business Mentor
December 11, 2018 | 6:30-8pm | FREE
Frank Davis, Circle City Rebar

River West Works Coworking Space

River West Works Coworking Space

2226 W. Michigan Street

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What is River West Works?

Launching now as part of RUCKUS Makerspace program and SOURCE River West, River West Works is a non-profit coworking space supporting the LISC Great Places 2020 development in the River West /Haughville neighborhood. Located at 2226 W. Michigan Street, this facility offers 4,000 SF of private and shared office space for entrepreneurs, including graduates of the SOURCE River West entrepreneurship programs.    

The space provides resources for:

  • Entrepreneurs who are starting up and scaling.

  • Local Westside residents in need of office space. 

  • Source River West program graduates.

  • Woman/Minority owned startups.

  • Individuals that are facings barriers, including, social, financial, gender, and racial barriers.

 The space consists of:

  • Conference Room

  • HVAC

  • Coffee Bar

  • Alarm/Cameras

  • Mailboxes

  • 24 hour Access, 7 Days a Week

  • Refrigerator

  • Microwave                             

Who will benefit from River West Works?

The facility provides low cost opportunities for entrepreneurs and professionals that need co-working space. Funded by the City of Indianapolis and HUD, the facility operates as a benefit to low/moderate income individuals starting or scaling a business idea using office space. The application process will be open to all entrepreneurs with priority given to Westside residents,  women/minority businesses, and low to moderate-income micro- entrepreneurs. 

All income levels are welcome, however availability and scholarships will be based on need. Potential users of the space will be evaluated to ensure the overall facility benefit is maximized in community.  We are looking for active use of the space’s office environment.  

Why is River West Works needed?

Aspiring entrepreneurs who have outgrown their home office often lack the cashflow to pay for an office space lease that allows for a professional and focused environment. Costs at other “coworking spaces” are much higher and tend to focus on tech-based startups. These high fee structures make the development of non-tech businesses and other social enterprises difficult to afford. River West Works will help those entrepreneurs by providing affordable space in which they can further incubate their ideas. 

I am an Entrepreneur, how can I learn more about joining the space?

If you are interested in being part of the startup community in River West, start the four (4) step process at the RUCKUS Makerspace (www.ruckusindy.com) website. This will schedule a tour. Plan to share your business idea with us and discuss your plans to develop it. Membership rates range from  $50 to $450 per month based equitably on income, office size, and business stage with limited access to scholarships to help reduce these costs. The space will also work closely with the SOURCE River West to provide coaching and workshops. 

How can the community support the River West Works?

We are seeking in-kind donations for:

●        Scholarship support for low/moderate income makers.

●        Furniture and Office Equipment.

●        Technical Support  (Mentorship). 

Contacts:      

Consuelo Poland, cpoland@rileyarea.org 

Eric Strickland, strickland@rileyarea.org 

Website: www.ruckusindy.com

SOURCE RW Entrepreneur Spotlight

Tia Williams, Owner of LifeSavers Plus LLC

Every month, we shine a Spotlight on a hardworking entrepreneur who has taken advantage of SOURCE RW’s educational resources. This month, we feature Tia Williams, Owner of LifeSavers Plus LLC.

Tia Williams

Tia Williams

"The law of attraction states that what you think and feel determines what you’ll attract into your life," says Tia, pulling from The Secret, by Rhonda Byrne.

Business Website: Coming Soon! www.lifesaversplusllc.today

Business Email: info@lifesaversplusllc.org

Business Facebook: https://fb.me/lifesaversplusllc

 

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

I was a part of the Kauffman Business Owners Series, but beforehand I attended several business workshops. Also, I have a great business coach, Sarah MacInnis of BOI, who provides open, honest, and useful information for new business owners like myself.

What made you interested in being a business owner?

Being a business owner came from my passion and dedication working in the healthcare field. I have always enjoyed working and helping others. Working in many healthcare settings and seeing different health emergencies occur gave me the drive to pursue my dream.  

What have you enjoyed most about being a business owner?

Believe it or not I’ve enjoyed the process it takes to become a successful business owner. I’ve learned so much on this journey and met some great networks along the way.

What have you enjoyed least about being a business owner?

Although it’s rewarding and worthwhile it can be a bit challenging and intimidating when you’re in the start-up stage or even thereafter. I say this because you should be different from your competitors.  

Was there ever a point when you wanted to quit?

Of course! I still struggle with that now sometimes, but I always think back to what I read in The Secret by Rhonda Byrne. In essence, “The law of attraction states that what you think and feel determines what you’ll attract into your life.” That alone makes me shift my mindsight to what I want my business to become along the way; which is successful.

Was there ever a point when you realized you had “made it.”

In all honesty I’m not there yet, however I’m on the path to that moment. Opportunities like this lets me know I’m headed in the right direction.

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

I would say connect with someone who is successful in the industry you’re starting your business. Whether it be through social media outlets, business groups or workshops. Also, stay the course and never give up on your dream. In the words of Denise Heard, “This is your baby and you want it to live on with great success”.

Message from Mark Roger, Director SOURCE RW

From Mark Roger:

Mark Roger

Mark Roger

I recently announced my resignation as Executive Director of SOURCE RW with my final day being October 5th. The decision to leave has been one of the most difficult decisions I have had to make both personally and professionally. My work at SOURCE RW has been incredibly rewarding and the success that we have shared here at SOURCE RW goes well beyond my expectations. The residents of Indianapolis’ Near West are fine people and welcomed my efforts and our Center with open arms. From providing an initial business ownership series to our fully-operational service and training destination, we now annually meet the interests of hundreds of entrepreneurs and business owners. The icing on the cake for me was the winning of LISC’s Opportunity Award as part of the Love Thy Neighborhood Awards for 2018.  

While my leaving is bitter sweet, I do want to take this opportunity to thank those who have contributed in making SOURCE RW’s first two years a success. First, a round of applause to Denise Praul of Business Networking International, Ruth Morales of the Indpls Mayor’s Office, Mel McMahon Stone of Indiana Originals, and Ronda Crouch and Sharon Harvey of the U.S. Small Business Administration (SBA) who seldom told me “no.” It’s rare to find a group of professionals who are so committed to volunteering whenever called upon. Second, thank you to the SOURCE RW Board and specifically Tom O’Neil, the SOURCE RW Board Chair, and Dr. Toya Crain, board member and Haughville STRONG convenor.  

My thank you list would not be complete without a special thank you to Sarah McInnis of Indy Chamber Business Ownership Inititiative (BOI), Teresa Francis of IUPUI Office of Community Engagement (OCE), and especially to Elizabeth Davis who is SOURCE RW’s current Operations Manager and one of the best “go to” people I have ever had the good fortune to work with. All three of these professionals have treated their roles and the Center with the utmost professionalism and more often than not going above and beyond without ever being asked. Finally, I also sincerely would like to thank the IUPUI Office of Community Engagement for taking a chance on me and the handful of business education ideas I arrived with.

I wish I could thank everyone but there are so many who have demonstrated their commitment to making the Near West and SOURCE RW thrive. While leaving is a difficult decision, having had the experience of working with such quality people on such a worthwhile endeavor has made coming to SOURCE RW one of my very best decisions.   


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