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Memphis Minority Business Development Center
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| Name: |
Memphis Minority Business Development
Center
Operated by Banks, Finley, White and Company, CPAs
Funded by the U.S. Department of Commerce, Minority Business Development
Agency |
| Address: |
283 North Bellevue
Memphis, TN 38103 |
| Telephone: |
901 726-5353 |
| Days Open: |
Monday-Friday |
| Hours Open: |
8:00-5:00 |
| Director: |
Gary Rowe |
| Contact: |
Gary Rowe |
| Purpose: |
To assist existing and potential entrepreneurs
through general business counseling, start-up information, in-depth
management and technical assistance. |
| Eligibility: |
Socially and economically disadvantaged
entrepreneurs: African-Americans, Puerto Ricans, Spanish-speaking
Americans, American Indians, Eskimos, Aleuts, Hasidic Jews, Asian-Pacific
Americans, and Asian Indians. |
| Fee: |
Free consultation and referral; then
$10.00 per hour for management and technical assistance. |
| Services: |
Detailed managerial and technical assistance
is provided in the following areas:
- Marketing and Advertising, including:
Market feasibility analysis; market and competitive analysis; strategic
market planning; advertising and promotional campaign design; direct
service in accessing private and government contracts.
- Registering non-retail firms in ABELS profile system.
- Financial Services: including:
Preparing effective loan packages; cash flow analysis; analyzing
and recommending improvements to generate cash flow; preparing projections
to determine financial needs; evaluating the appropriateness of
various types of financing; reviewing financial statements for presentation
in loan proposals; assisting in the negotiation of financial arrangements;
setting-up accounting systems.
- Construction Assistance, including:
Development of joint ventures with experienced and capable firms;
preparation of job costs to assist in developing estimates and proposed
contracts; preparation of quantity take-offs; development of job
schedules and proper manpower allocations; securing of bonding for
contractors; development of commercial and project control elements;
negotiation of labor agreements with participating trade and/or
labor unions.
- Management Services, including:
Consulting with management on developing a company's goals and objectives;
consulting with management on a company's business plan; preparing
comprehensive business plans; assisting management in developing
an organizational structure and meeting staffing needs; reviewing
and recommending improvements in management information systems;
organization management information systems; organization analysis
to increase productivity; organizing skills enhancement workshops
for improved job performance.
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