 |
|
 |
|
|
|
 |
|
|
 |
|
| T.E.E.M. was created in 2002 by Ernest J. Reilly. While Ernest has done many things he is best known for the development of a unique Modular Training System for Entrepreneurs. T.E.E.M. Educational Foundation Training systems is currently being used with great success at many of the SBDC/SEBD programs through Louisiana including the Urban League, SBA/SCORE, New Corp, Slidell Chamber and Loyola. |
|
 |
 |
|
|
The purpose of T.E.E.M. is to educate, train, and develop young entrepreneurs on how to operate a successful business venture. Using the T.E.E.M. concept we will show how to give young entrepreneurs a new awareness and understanding of “the anatomy of a small business”.
In developing the TEEM training system. Dr Schroder and I researched the failings of other entrepreneurial training programs. Besides out dated information and teaching methods, the one glaring problem, was most all programs start on class 1 and ends on class 10. This is a 12 week plus cycle, which most young entrepreneurs can’t wait for. The TEEM Module Training System allows a young entrepreneur to enter at any one of the six (6) modules. This has help minimize the time delay from 12 weeks plus, to no more than a 3 week delay, improving TEEMs’ ability to maintain a consistent course schedule. The design of each module is a “stand-alone-module” that can be taught at any point during the perpetual schedule.
Time:
The #1 reason people fail at running a small business is because of a lack of understanding to the true time required to be successful. Once young entrepreneurs realize how much time it takes to own and manage their business and the personal sacrifice that is needed. They often come to the conclusion that they are often working for less money per hour than they ever have. Thus failing to understand and/or committing the time needed to be successful.
Emotional Competence:
The #2 reason for people failing at managing the dynamics of a business is emotional competence. The old adage “when the going gets tough, the successful get going”. Successful people overcome emotional pitfalls of the day to day issues that are inside and outside of their control. They establish a baseline of consistent behavior, whereby controlling the one thing that is truly within their grasp to control.
Energy:
The #3 reason for people failing at managing a small business is lack of energy. For example: you have registered for higher education. You have now committed the time and expense to improve your abilities.
Money and the Management of Money:
Money and the management of money is the last reason that people fail at running and maintaining a small business. The Management of money falls into three (3) categories. The first is the basic understanding of how money works and flows through the business. The second category is not having enough. The third category is having too much. Both the 2nd and 3rd financial conditions have their own unique management challenges. These challenges must be identified, prioritized and handled relative to the personality and personal requirements of the business owner for the venture to continue as a successful company.
|
| |
|
|
|
|
|