501c3 Non-Profit certified by the state of Indiana.
hub for entrepreneurs
501c3 Non-Profit certified by the state of Indiana.
hub for entrepreneurs
Our education and economic initiatives promote and encourage business ownership by assisting in the launch of entrepreneurial ventures and support start-up to scale-up businesses that create jobs, improve the quality of life, and strengthen the community in Indianapolis’ Near West and central Indiana.
In 2016, Local Initiatives Support Corporate (LISC) designated the Near West/River West a Great Place 2020 neighborhood. The Near West Quality of Life Plan was created by residents and neighborhood stakeholders in response to declining employment and business vacancies in Near West. The Steering Committee identified the need for an entrepreneurship center to serve as a catalyst for economic growth, and SOURCE RW was created to fill that need.
The IUPUI Office of Community Engagement supports the Near West Quality of Life Plan and River West Great Place on behalf of Indiana University by serving as fiscal agent to support SOURCE RW. IUPUI provides staffing, planning support, grant management, and funding assistance.
Local businesses and entrepreneurs who wish to capitalize on the Near West’s commercial, retail, and light industrial spaces.
Small business owners who desire to improve and scale their existing businesses.
New businesses and Near West residents who wish to launch their own businesses in River West and/or surrounding areas.
The latest information about SOURCE River West programs and services
The latest information about SOURCE River West programs and services
LUNCH & LEARN: Framing Questions and Finding Data with SAVI
February 14, 2018 | Noon - 1pm | Fee: $15
Location: SOURCE River West, 2230 W. Michigan St., Indianapolis, IN 46222
Bring a sack lunch to eat during the presentation!
There is a plethora of data freely available in SAVI that can help you better understand markets and communities. This workshop will briefly introduce you to processes for developing measurable questions and finding data sources to answer those questions. There will be a brief introduction to some of our SAVI data tools.
These data tools will prove to be instrumental in the market research that is necessary to your business start-up or scale-up idea. This workshop will teach you how to find and use massive amounts of available data - all to begin living your dreams of entrepreneurship! .
Financial Management for Small Business
Date and Time: Thursday, March 14th, 4-5:30pm
This workshop can be attended in person at the SOURCE River West Entrepreneurship Center or online through Skype!
Got business? If yes, learn about business financial basics at this informative Money Smart workshop designed for new and aspiring entrepreneurs! Topics include: understanding the essentials of financial management; applying financial management practices, rules, and tools most relevant for small businesses; and preparing for common business financing needs: start-up finance, working capital, and fixed asset loans.
Britteny Davidson, Owner of KurlyKoils
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!
Do you want to launch or scale your business?
One-on-one coaching and mentoring is available to provide technical assistance in identifying a viable business model, incorporating a business, creating a business plan and marketing products/services. Most all educational opportunities are either free or at minimal fee.
Monthly business start-up courses on a business owner’s mindset and fund sourcing, quarterly courses on business trends and best practices for existing businesses, and our annual Kauffman Business Ownership Education Series provides a strong foundation.
We encourage entrepreneurship within our neighborhoods and attempt to inspire new, successful businesses to set-up and hire from within the neighborhoods of Indianapolis' Near West. Making the most of the River West Business District.
Contact
Phone: (317) 737-2155
Email: info@sourcerw.org
Office Hours: Mondays -Thursdays - 9am-4pm
Office Hours: Fridays - By Appointment ONLY
CLOSED January 21, 2019 | Martin Luther King Jr. Day
Contact
Phone: (317) 737-2155
Email: info@sourcerw.org
Office Hours: Mondays -Thursdays - 9am-4pm
Office Hours: Fridays - By Appointment ONLY
CLOSED January 21, 2019 | Martin Luther King Jr. Day