LevelUP Entrepreneur Residency Program for Women - C2YHWI
2023 Notre Dame University Idea Center McCloskey New Venture Competition Entry
Awarded Semifinal, Round 3 and Better World Books "Greatest Social Impact" Award & Grant.
www.c2yhwi.org #C2YHWI
to revive growth, create jobs, and generate transformational economic impact.” - MIT, Solve.org C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women “When we help one woman entrepreneur experience success it creates transformative generational change and has an ripple effect today, tomorrow and future generations.” - Feedough.com
Entrepreneur Conference Inception 2023 Women Entrepreneur Residency Launch 2022 Mishawaka Business Association Grant Recipient 2020 1st Source Bank Grant Recipient Mentoring Program Launched Jun. 2018 2021 The Pokagon Fund Grant Recipient C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
Community Perceptions Reduces Barriers to New Business Creation & Development Supports Cooperation in Industries Where Women Have Traditionally Been Excluded Accelerates Individual Business Growth Fosters Economic Development & Improved Competency Encourages Community Building C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
of Access to Funding Lack of Respect Lack of Business Development due to Gender and Community Bias Lack of Support System See Appendices Set Up to Fail: Explaining When Women-Led Businesses are More Likely to Fail http//:faculty.wharton.edu Negative Perceptions that Affect Resources C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
to build a resilient business See Appendices SOLUTION: ENTREPRENEUR RESIDENCY • Upscale • Social Capital Experienced Entrepreneurs • Personality + Industry Compatibility Business Owner Assessment Mentor-Mentee Match • Match Based on Experience and Resources Halo Effect Shared • Bridge to Social Capital • Endorsement • Change Perception • Improved Competency C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
NDU Small Business Community Bootcamp Saint Mary’s College Startup Business Incubator Applied Entrepreneurship(AE) South Bend Ivy Tech College Entrepreneur Program Uniqueness ✔ ✔ ✔ Individualized ✔ ✔ Mentoring ✔ ✔ Price $9 / week $62 / week $250 / week $56.6 / week $56.6 / week Flexible Scheduling ✔ Industry Specific ✔ ✔ Length 44 weeks 8 weeks 12 weeks 30 weeks 30 weeks Certification ✔ Residency Program ✔ C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
rest of our mentoring graduates ready for the Residency Program! womenentrepreneurmentoring.com Select High Performing, Established Female Entrepreneurs Course + Certification Mentor-Mentee Matching Matching Factors: Industry, Experience, and Motivation Build on the Current Model Supporting the Women Entrepreneur Residency Program Mentoring Model Membership Subscription Annual Membership Fees Web, Phone Application Increase Mentee-Mentor Communication C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women 1 2 3 4
1st 6 mo. of 2022 57.9% of Women Say They are Ready to be Their Own Boss 37% of Women are Dissatisfied with Corporate America 28.9% of Women are Ready to Pursue Their Passion See Appendices: 2021 U.S. Census - Quick Facts 2022 Women in Business - Guidant Marketing and Sales Partnerships Referrals Community Building to Foster Inclusion Previous Attendees Referrals Annual Women’s Entrepreneurship Summit Monthly Coffee House for Women Involved C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women bridgingthegap_for women C2YourHealthWomensInitiative
support to believe that I can succeed. I have always been driven by the need of the people. Thank you for providing a program for minorities such as myself! Women rock!” LaQuita Hughes Milestone Academy LLC Angels of Integrity Youth & Family Service Inc. C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
1 Year 2 Year 3 Expenses $32,100 $21,050 $26,750 Revenue $88,484 $84,344 $105,214 Profit $56,384 $63,294 $78,464 See Appendices Financial spreadsheet https://bit.ly/3I22p8g C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women Pilot Project: 3 Year Financial Projection
Business Experience, Mentoring, Networking Programs, Grant Administration Founder, President Sonya Smith, EMBA, ACHE Business Development Wealth in Motion Consulting LLC Rachel Meredith MsED School / Behavior Psychologist Social Kids by Rachel Mary Lou Stevens Nonprofit Organizations Mishawaka Business Association Mary Briamonte Computer Engineering Notre Dame Student Kelly Endler Accounting Notre Dame Student Addi Greenbaum History | Political Science Notre Dame Student Thank You! C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
More Likely to Fail https://faculty.wharton.upenn.edu/wp-content/uploads/2019/10/Set-Up-to-Fail.pdf SLIDE 5 PROBLEM: Unseen Barriers Prevent Women from Succeeding in Business SLIDE 6 SOLUTION: The Entrepreneur Residency for Women “Women are not seen as real business owners” was not just from our market surveys, this belief is backed by well known research, one such report that lends itself to this problem statement is in Set Up to Fail: Explaining When Women-Led Business are Likely to Fail. Suggestions to improve success of female entrepreneurs made by this research article: 1. Make people be aware of gender stereotypes | increase awareness 2. Formalized business structure | qualified female leader 3. Objective formalized business review process | reduce prejudice The already successful C2YHWI mentoring program (3 years) has been providing results oriented, women entrepreneur mentoring, structured, 11 month | online course and certification (phase 1). The Entrepreneur Residence for Women (phase 2) will be a continuation of the mentoring program community entrepreneur certified programs and will provide formalized business structure, business evaluations and performance monitors meeting the criteria set forth in this research paper. C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
https://docs.google.com/spreadsheets/d/1oCMD7q-suPnPG3MmBOc9jMdHG8oH__rOIO6Q79rpGF8/edit?usp=sharing SLIDE 9 BUSINESS MODEL: Steps Building to Success During this portion of our presentation we shared the story of LaQuita Hughes, woman entrepreneur who has been positively impacted by the current (phase 1) C2YHWI mentoring program, who graduated in November 2022, is now looking forward to the coming (phase 2) Entrepreneur Residency for Women, and ready to enroll. We asked a few of the women entrepreneur mentoring program graduates to share their experiences with mentoring and their thoughts about the residency program moving forward. Here are their success stories. C2 Your Health Women’s Initiative Inc. - Women Entrepreneur Stories https://docs.google.com/document/d/1Mq4hwdfnR92ywiQQhYMt4NiCfze7akZA/edit?usp=sharing&ouid=114 031069027206135427&rtpof=true&sd=true SLIDE 11 MARKETING AND SALES: Saint Joseph County Lags Behind National Women Entrepreneurship Growth by 32% Men vs. women business disparity and gap opportunity facts backup research and resorts. U.S. Census Bureau QuickFacts: Indiana 2022 Women in Business - Guidant (guidantfinancial.com) C2 Your Health Women’s Initiative Inc. LEVELUP Entrepreneur Residency for Women
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