Semillas Incubator changes the lives of people helping them develop entrepreneurial skills to start microbusinesses based on solidarity, and social responsibility. Because of current challenges, and to facilitate participation we are also leading a Virtual Business Training Cycle with 19 workshops on business topics and over 80 hours of one-on-one business consulting to 25 participants. We will continue to do both virtual, and face-to-face workshops alternately.
Data from the Department of Labor in Puerto Rico states the unemployment rate in 7.3% in July 2020, as a result of the COVID-19 pandemic. In the Arecibo North area where Casa sin Fronteras is located the unemployment rate for June 2020 is 8.8%. Many people decide to start a business looking for options to improve their situation. Without the proper knowledge of business management, they can become failed ventures. Microbusiness owners need training and support to have successful enterprises.
Semillas Incubator will continue offering virtual and face-to-face business training cycles for up to 35 people with a business idea, and for those who already started a microbusiness but need to sharpen their knowledge, and skills to make their enterprises successful. The cycles include 19 workshops on business topics and over 80 hours of one-on-one business consulting to participants. These will increase and strengthen their knowledge and skills on how to start up, and keep a microbusiness.
For 7 years Semillas Incubator have successfully trained, and coached budding entrepreneurs. By continuing the face-to-face, and virtual cycles, we can increase the number of participants as they can connect from far parts of the island. Each one will finish in a different stage of the process: business plan ready, permits approved, or running their businesses. They improve and keep their businesses afloat, contributing to the wellbeing of the community, and integrating in formal economy.
This project has provided additional documentation in a PDF file (projdoc.pdf).
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