ERIC Number: ED348087
Record Type: RIE
Publication Date: 1992-Jun-1
Reference Count: 0
Follow-Up Survey of Participants in Preparing for Profit (PREP).
Informed Decision Services, Englewood, NJ.
Established as a pilot project in 1991, Preparing for Profit (PREP) was a four-session entrepreneurial training seminar offered by LaGuardia Community College/City University of New York, the New York Metropolitan Transportation Authority, and Coopers & Lybrand. PREP was designed to enhance opportunities for minority- and women-owned businesses to obtain certification by public agencies and, ultimately, to win contracts. In order to evaluate program outcomes, a survey was conducted of all 146 participants completing PREP in 1991. Highlighted findings, based on a 39% response rate, included the following: (1) over one-third of the respondents had been certified as a minority- or woman-owned business since taking part in PREP; (2) over one and a half times more respondents had received a government contract after PREP participation; (3) 65% of the respondents currently used brochures as a marketing strategy after the training versus 39% prior to participating in PREP; (4) almost 50% more reported using business slogans after the training; (5) 40% more prepared income statements, 34% more prepared financial statements, and 25% more prepared balance sheets after PREP participation; (6) 58% reported receiving additional benefits from PREP, such as networking (53%), receiving business from other participants (21%), purchasing products or services from participants (18%), participating in joint ventures with other participants (9%), or applying for contracts with other participants (7%); and (7) of those who had purchased equipment, 50% indicated that information provided in PREP helped them choose the right system. Appendixes include the survey questionnaire and comments from participants. (JSP)
Descriptors: Business Administration, Business Education, Community Colleges, Cooperative Programs, Entrepreneurship, Females, Followup Studies, Job Training, Marketing, Minority Groups, Postsecondary Education, Program Evaluation, Questionnaires, School Business Relationship, Seminars, Small Businesses, Two Year Colleges
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: N/A
Sponsor: La Guardia Community Coll., Long Island City, NY.
Authoring Institution: Informed Decision Services, Englewood, NJ.
Identifiers: Minority Owned Businesses; Preparing for Profit; Women Owned Businesses