The launch coach business consulting

An Entrepreneur is often considered a risk-taker; some even say a gambler. However, with risks also come significant challenges. Entrepreneurship can be defined as the pursuit of opportunity beyond the resources you currently control. 

Most new and established businesses could improve the business planning process, allowing them to grow and succeed. I have done that with Hi-Lite Enterprises Inc., which I started with a bucket and a squeegee over 40 years ago. 

TheLaunchCoach.biz provides comprehensive business development and leadership training. We have several different program formats available. In addition, the curriculum can be tailored to meet your individual and group needs. 

• The business must be majority-owned (51 percent or more) by one or more individual(s).
•  The individual(s) must be American by birth or naturalization.
• The business must be majority-owned (51 percent or more) and controlled/managed by a socially and economically disadvantaged individual(s). 
• The individual(s) controlling and managing the firm full-time must meet the SBA requirement for disadvantage, by proving both social and economic disadvantages.
• The business must be small.
• The business must demonstrate potential for success.
• The principals must show good character.

Different eligibility requirements exist for a business that American Indians, Native Alaskans, Native Hawaiians, or Certified Development Companies own.

Before SBA can approve an 8(a) Business Develop program application, the disadvantaged individual(s) also must show (prove) how they are socially disadvantaged. To establish a social disadvantage, the individual(s) owners must ultimately show that such personal experiences had a negative impact on entry into or advancement in the business world.

Under federal law, socially disadvantaged individuals have been subjected to racial or ethnic prejudice or cultural bias within American society because of their identification as members of groups without regard to their individual qualities.

According to the SBA, for purposes of the 8(a) Business Development program, the following individuals are presumed socially disadvantaged (called "presumed groups" ):

• Black Americans
• Hispanic Americans
• Native Americans
• Asian Pacific Americans
• Subcontinent Asian American

In the absence of evidence to the contrary, an individual applicant is presumed socially disadvantaged if:

• They hold him or herself out to be a member of a presumed group
• Others currently identify them as a member of a presumed group

An individual not a member of one of the "presumed groups" can be admitted into the 8(a) Business Development program. The business must prove to the SBA that the individual(s) meeting SBA's ownership and control requirements is/are socially disadvantaged. The individual(s) must show personal experiences applicable to education, employment, and business history. The individual must also provide evidence to SBA proving one's social disadvantage.

Don't hesitate to contact us below if you want to start your business's 8(a) Business Development Program registration process.