MERIDEN – Those looking to grow their business or to improve their business practice will have an opportunity to learn how to Wednesday at an event hosted by Midstate Chamber of Commerce and TD Bank.
The free presentation starting at 5 p.m. is hybrid. Individuals can choose to attend in person or through a virtual platform. Pre-registration is encouraged, particularly for those looking to attend virtually so that they can get a link to the meeting. Those looking to attend in person can go to the chamber’s office, 546 South Broad Street, Suite 2C.
Rosanne Ford, chamber president explained that Wednesday’s workshop is the last of a series of three with a presentation and content provided by TD Bank.
Today’s presentation will be about “assessing your companies financial needs.”
Access to capital and running a profitable company were the topics in the last two presentations, which were held last month.
The workshops are designed to inform small business owners or those thinking about owning a small business about how to bring their business to the next level.
“We really just want to see all of the small businesses in the area succeed,” Ford said. “So anything that we could do here at the Midstate chamber in terms of helping small business owners or entrepreneurs in terms of the different educational programs or seminars that would help them run their businesses more successfully and efficiently, that’s really our main goal.”
Mike Lye, vice president and commercial loan officer for TD Bank in New Haven county, explained the class is meant to help students figure out financial needs, how can they reach goals, understanding how their business is set up, what type of capital they will need in their business to run it successfully, and how to attract and where they can get financing depending on their type of business.
The five C’s of credit - character, credit score, capacity, capital and collateral - will also be reviewed during the class and there will be an opportunity for questions and answers.
The event does not require individuals to be chamber members to participate.
Ford said part of the chamber’s focus is on providing lifelong learning and helping people start a business with a strong foundation and resources.
She said that in past programs the chamber has even received high school students. A small business fair the chamber held in September was well attended by Latinos, Ford said.
“We are really trying to actively engage our small and minority [owned] businesses in all of our work that we are doing,” she said.
The chamber will be holding a regional legislative roundtable on Jan. 20 at 8 a.m. at Monticello.
Ford said area state representatives and senators were invited to the event.
She noted the event is an opportunity for chamber members and small business owners to connect with elected officials.
The chamber plans on continuing to offer educational events, specifically for minority owned businesses in 2022, she said.
Those unable to attend the presentation tonight will be able to have access to the Powerpoint through the chamber’s website www.midstatechamber.com.