Entrepreneurs wanted

Entrepreneurs wanted
Mvskoke Loan Fund holds the second of four scheduled small business training sessions at the River Spirit Casino Resort May 16-17. (K. Barnett/Reporter)

“It’s very fasted-paced, but very informative,” – attendee James Herring

MLF offers crash course in business ownership

Kevin Barnett/Reporter

TULSA, Oklahoma— In an effort to give local entrepreneurs a jumpstart in their fields, the Mvskoke Loan Fund held what MLF Director Christopher Coburn referred to as a “business boot camp,” May 16-17 at the River Spirit Casino Resort in Tulsa.

The two-day small business development training was open to the public and covered a wide range of issues faced by every business owner from defining their business to tax considerations.

The course’s ‘culturally specific’ Indianpreneurship curriculum developed by Our Native American Business Network (ONABEN) was designed as a ten-week course, making the two-day training compressed and fast moving.

“It’s very fasted-paced, but very informative,” attendee James Herring said.

Throughout the course, guest speakers addressed the various aspects of starting and operating small businesses.

One addition to this latest seminar was tax expert Rachel Pappy.

Pappy is the vice president and partner of Polston Tax Resolution and Accounting. Her presentation touched on the different business entity types, taxes and bookkeeping.

According to Pappy, many problems for small businesses arise from poor bookkeeping and accounting practices and she spent much of her time emphasizing the importance of thorough and methodical record keeping because as she put it, “getting audited can be a very unpleasant experience.”

Eufaula artist John Mark Tiger found Pappy’s presentation helpful saying, “it enlightened me to see the importance of keeping your inventory and bookkeeping in order.”

A follow up, one-time introductory class over Quickbooks, an industry standard software program for accounting, will be available to all Indianpreneurship graduates.

The final two Indianpreneurship training events are scheduled for June 19-20 at Indian Capital Technology Center in Muskogee and July 18-19 at the MCN Southern Regional Offices in Wetumka.

Due to limited space, registration is required.

To reserve a seat, call MLF at: 918-549-2603.

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