BUSINESS DEVELOPMENT

The iTi Business Development course was developed to help union sheet metal workers, who are considering going into business for themselves, prepare for the challenges involved in becoming a union sheet metal contractor. In this course participants will start by asking themselves some important questions: Am I ready to own my own business? Do I have what it takes? If I do this, what are the risks? What will be the rewards? Once they decide that they’ve got the skills, personality, and support to take on this exciting opportunity, they will learn about the many details they will need to address to get their businesses off the ground. Because planning is an essential part of running a business or a project, iTi Business Development introduces participants to the tools they need to plan for successful business ownership from carefully choosing a business name, to hiring the right people, to bidding accurately, to keeping track of cash flow. As their final project, students will get a jump start on writing a comprehensive business plan an essential marketing and financing tool in today’s construction market.

This program is offered in 3 Phases.

Phase 1

This phase will consist of 8 weeks of distance learning classes. Each week will follow the same agenda as follows:

  • Self-Study
  • Live interactive virtual classroom
  • Weekly narratives

Participants should be able to meet the week’s goals with approximately 6 to 7 hours of effort.

Phase 2

This phase will be considered your week in residence.

Each participant will be required to attend in person classes at a central location. During this week, participants will be exposed to business professionals such as

  • Legal
  • Financial
  • Labor Representatives
  • Insurance and Bonding
  • Sales Representatives

This phase will encourage open dialogue and deliver information and knowledge from respected industry experts. SMART will provide the lodging and meals (not including dinner) during this time while the participant will have to provide their own transportation.

Phase 3

This Phase will have you the participant, with information reviewed and established during Phase 1 and 2, use the Small Business Association (SBA) website to follow a step by step business plan template at your own pace. The use of the SBA Website will enable you to interact with many of the templates and topics that they offer. This will also act as a moment in time where you can privately choose to continue your journey.

We are currently registering individuals for the next class that begins Feburary 24, 2019. The deadline for registration is 2/17/2019. To register your interest, submit an account request at the Business Development Training Portal.

Please note that account registration requires administrative approval, during which we verify your SMART member status. Your interest and participation in this program is kept completely anonymous.