Thrive Hualapai’s educational seminars are drawing crowds

Published by The Bee News

April 12, 2024

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MOHAVE COUNTY – Thrive Hualapai continued its informational seminar series last month with guest speaker Jeanette Pigeon, MCC Small Business Development Center Director, detailing 10 considerations of which to be mindful when starting a business.

Thrive Hualapai is a business incubator in Peach Springs created through a partnership with MCC and the Hualapai Tribe to help people turn their passion into profitable businesses. Thrive Hualapai frequently hosts informational sessions and learning opportunities for community members, touching on a wide variety of topics that include workforce training, food-handler training and much more.

Pigeon delivered her remarks to a full classroom of future business owners on Wednesday. Her first tip for the group, with respect to beginning the process of starting one’s own business, was to conduct a self-assessment.

Questions to consider: Why do you want to start a business? How much money do you need to start? What skills do you have? What skills do you need? Will this be a full-time or part-time endeavor?

Pigeon continued by recommending the research and development of a business plan, which she described as a living document that grows and evolves with the business.

Questions to consider: Who are your customers? Who are your competitors? What are the market trends? What is your competitive advantage? What are your startup costs and working capital needs?

“The plan you start out with will grow and adapt as your business changes,” she said, also encouraging attendees not to be reactive when it comes to changes in their business plans.

The session continued with Pigeon noting considerations such as choosing a business name; purchasing a domain name; selecting a business structure, obtaining a federal tax ID number, opening a business bank account, building support networks and more.

“Thrive Hualapai just finished out first year, and entrepreneurship is a big part of the business incubator,” said Longfeather Fox, Training Coordinator at the Hualapai Business Center. “It involves a lot of outreach to help inspire people to start their businesses, with anything and everything they need and want to learn about the process.”

Your chosen business structure, the selection of which Pigeon classified as another important consideration, impacts ownership, taxes, personal liability, distribution of profits and more.

For more information or to stay up to date with Thrive Hualapai, go tohttps://www.mohave.edu/thrivehualapai/.

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