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Business Readiness For Faith-Based Entrepreneurs

The Business Readiness Program for Faith-Based Entrepreneurs blends practical business strategies with spiritual guidance. It equips individuals with the necessary skills and knowledge to start, grow and manage a business, while also integrating principles of faith and values into their entrepreneurial journey. It aims to increase the entrepreneurs’ economic mobility and financial independence while equally prioritizing the sense of purpose in their business endeavors and impact on their communities.

The Business Readiness Program for Faith-Based Entrepreneurs is the result of a partnership between Caravanserai Project – Women Add Value.

Who Should Join

  • Early-stage or more seasoned entrepreneurs.
  • For profit, nonprofit or sole proprietor entrepreneurs (depending on the program).
  • Must have a decision-making role in the venture (founder owning at least 51%, CEO, Executive Director etc.)
  • BIPOC small business entrepreneurs, in particular women, immigrants regardless of their legal status, and individuals with limited-English proficiency, who have traditionally experienced limited or no access to resources and growth opportunities. 

Access to Capital

Within the Business Readiness Programs, our objective is to grant all entrepreneurs access to capital upon successful completion of the programs. Specific conditions and eligibility criteria vary for each program.

Structure

  • 12 cohort-based workshops (90-120 minutes/workshop). Each cohort will include up to 30 participants
  • Up to 5 one-on-one coaching/Q&A sessions (offered by Caravan SBDC)
  • Business plan presentations
  • Language of instruction: English
  • Hybrid format (online and in person)

Syllabus

Business Vision, Mission. Setting Goals

Week 1 (hybrid)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Integrating Faith & Business

Week 1 (hybrid)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Business Models and Planning

Week 1 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Online (Zoom)

Financial Management 101: Best Practices, Financial Statements

Week 2 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Financial Management 102: Budgeting, Pricing

Week 2 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Customer Discovery and The Competitors

Week 3 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Marketing and Sales

Week 3 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Financial Management: Unlocking God’s Progressive Provision

Week 4 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Implementing the Lost Art of Customer Service to Grow your Business

Week 4 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Banking Reimagined.

Week 5 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Community Engagement and Social Responsibility. Leadership Resilience

Week 5 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Pitch your Business. From Pitch Design to Strategies

Week 5 (online)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

Business Presentations

Week 6 (hybrid)

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  • Duration: 90 minutes
  • Mandatory participation
  • Hybrid (in-person/online)

How to join

2. Selection of Applicants

January 15 - February 15, 2024

3. Notifications Sent to Applicants

February 15 - March 1,, 2024 ​

4. Program starts

The program is offered in hybrid format.
(March - April 2024)

5. Graduation

Certificate of Completion awarded

6. Access to Capital

To be eligible for the business grants, the participants must meet all program requirements.

Frequently Asked Questions

It depends on the program.

Caravanserai Project partners with a number of local, regional and federal institutions, private and public entities to provide access to capital. Each source of funding comes with restrictions regarding the amount awarded or the type of entity eligible to access capital. 

Each source of funding comes with restrictions regarding the amount awarded or the type of entity eligible to access capital. 

Yes. Only entrepreneurs who successfully graduate and attend the mentoring sessions and meet the rest of the criteria are eligible to access capital.

No. The entrepreneurs are eligible to receive only one micro-grant.

Nonprofit, for-profit enterprises, and sole proprietors are eligible to receive business capital. Specific conditions and eligibility criteria vary for each program.

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