SMA Opportunity Bank

"Tired of working for the man?"

Have you ever dreamed of starting your own business or maybe going full time with your home based business? Well what's holding you back? I know, money, experience, fear and a host of other issues. Well I can't solve all of those concerns, but I can help. My nonprofit SMA is partnering with the Women's Foundation for a Greater Memphis, the City of Memphis’ Renaissance Business Center and First Tennessee Bank to offer a 12-week intensive training on "How to Successfully Operate a Small Business" for people wanting to start or expand their home-based business. The program is geared toward women, but men can register. Once you have successfully completed the training you will be eligible to apply through a special loan program for up to $5,000. This loan program requires no collateral, no penalty for bad credit, and at a 5 percent interest rate, how can you loose?!

This is a great opportunity for you to change your life! For more information contact Christine Telford at 774-9582. Hurry, classes are starting soon.

Are you running a small business? What are your problems? What are your concerns? Any suggestions for someone wanting to start a business? Post here and let us know.


Anonymous said...

Hey 12:51 It is never too late. I am in my 60's and am going back to school. You can do what you want to do.

Mr. Milton, what is it that you don't do? This sounds like a great program. Kudos for all you do for the community.

Anonymous said...

For anyone who wants to run their own business take it from someone who has done so for eight years.

First, try to learn as much as you can about the business you are going to start.

Next, no matter how much money you have it ain't enough.

Next, location - location - location. It is true. Where you start your business will have a lot to do with how you run your business. I started my first grocery store in North Memphis. They were robbing me blind. Shoplifting, from employees as well as customers. I got held up three times. They broke into my building at least a half a dozen times. I gave up and got out of being my own boss but the itch was still there. I saved and a few years later opened another store, but this time in a better neighborhood. I still had problems but I managed. I'm not saying don't open in a poor community, but you had better be prepared. I could go back to North Memphis and open that store again and I bet I could do a lot better. Experience is everything.

Next, take your friends advice to heart and ignore those who are not your friends.

Next, be prepared to work ten times harder than if you worked for someone else. I learned to really respect my bosses. You don't know what they are going through until you slip on their shoes.

Next, save - save - save. Don't go spending money on things you don't have to have. Believe me you are going to need that money. Something is going to go wrong.

Next, love what you do. Don't get into a business just for the money. Money is nothing if you hate what you do.

Next, be good to your customers but don't be a fool for your customers. People will take advantage of you if you let them.

This training SMA is offering I would take it. You can not have too much information, and a 5% loan, that almost made me fall out of my seat. I'm glad somebody is out there helping the small business owner.

Anonymous said...

A few years back I ran a car repair shop. It was in North Memphis. You can do fine you just have to keep on top of things.

Most of the people were nice, just down on there luck.

If you are going to run a business you need to get to no your custermers. When they no you care they care back.

Reginald Milton said...

I would like to warn people coming to this site that I will delete any comment that attacks people for poor spelling or grammatical errors. You do not have to be a Spelling B Champion to come to this site. If I can understand what you mean that is good enough for me.

Let’s try to be a little more tolerant; not every one has gone to Harvard, I know I haven’t.

Anonymous said...

Life is too short to be stuck in a dead-end job. As a teacher I see so many of my students just trying to get by. I try to explain to them that a good education is the first step to a good career, but it's like talking to a wall.

It's not that they can't learn it's just that they don't want to learn. The entrepreneurial spirit that made this country great is now in the hands of children too lazy to get out there and make a difference.

Anonymous said...


Anonymous said...

Take this job and shove it, you will be right back there tomorrow, because with that attitude, you certainly cannot be successful business person.

Anonymous said...

There was a time while working for a small store one of the employees told the boss he didn't agree with how he was running the business. The boss told him, "You know when you start your own business you can run it anyway you want."

A lot of times it seems easy until you are responsible, until your mistake ruins the business, until your mistake cost your employees their jobs.

In short, it not easy being the boss.

Anonymous said...

Hey 4-04 give me a break I'm just saying it would be great to start my own business and start building my dream instead of building some other person dream. No hard feelings.

Anonymous said...

The best tip is to have a business plan. There is no way you can operate without a clear understanding of what to expect.

For any small business the three critical things in a business plan is: Profit-and-Loss Forecast, the Break-Even analysis, and the Cash Flow Projection.

These three things gives you a heads up on what is happening in you business.

Reginald Milton said...

Just to let everyone know.

Orientation will take place on the 3rd of January and classes will begin on January 8th – March 27th.

Classes are on Tuesday and Thursday from 5:00pm – 7:30pm.

All classes will be held at the Renaissance Business Center located at 555 Beale.

Lite snacks will be provided.

Child care will not be available.

Reginald Milton said...

There are a few spaces left for the first Small Business Training which will start January 15th.

Meals and snacks will be provided.

Topics that will be covered:
How to develop a business plan
Limited Liability
Business Strategies
Market Analysis
Cash Flow Management
Risk Management
Financing Options
and much more!

Call Christine Telford at 774-9582 to reserve your seat.