The Language of Business

By Kenny Smilovitch, Director of the Duman Entrepreneurship Center & Khosro Beik

Helping Immigrant Entrepreneurs Overcome Language Barriers

The Duman Entrepreneurship Center at JVS Chicago is offering a new, free class this fall that is tailored to one of the most successful categories of entrepreneurs: immigrants to the US.

“Our Language of Business training is a hybrid program aimed at the entrepreneur who needs to understand the language of business in order to expand a business outside the neighborhood where the business began,” said Kenny Smilovitch, Director of the Duman Entrepreneurship Center. “There is more opportunity if you can understand business English.”

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JVS Chicago Offers Low-interest Loans to Entrepreneurs

If you are an entrepreneur who dreams of starting your own business and are willing to work to transform that dream into reality, JVS Chicago’s Duman Entrepreneurship Center can help with a combination of hands-on technical assistance, training in business operations and a three-year, very low-interest loan to get the business started.

Entrepreneurs who have a solid business plan, twelve months of realistic cash flow projections and some some relevant business experience can qualify to receive a low-interest small business loan up to a maximum of $15,000. Advisors are available to deliver practical guidance and advice and meet one-on-one with clients to help build the required documents. Once completed, the loan package is presented to a Loan Approval Committee. The Duman Loan Committee makes the final decision to reject or approve an application.

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After Your Big Idea, Before the Business Plan

By Kenny Smilovitch, Director of the Duman Entrepreneurship Center

An aspiring entrepreneur recently asked me, “What is the first thing I should do when considering starting a business for the very first time?” We often hear, “It is important to have a well-thought-out business plan,” a map that will guide us as we navigate the challenges en route to realizing our vision. But before we consider details of the plan such as business structure, registration, insurance and licenses, allow me to highlight a few components that I feel are critical before getting started: character, experience, marketing and support. So grab a coffee and let’s reflect on some ideas you may want to flesh out on your laptop or on the back of a napkin.

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