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Chamber holds Lunch and Learn session, teaches business basics

On Tuesday, the Selma-Dallas County Chamber of Commerce hosted a Lunch and Learn to teach potential business owners the basics of turning to entrepreneurship.

Richard Walters, president and CEO of First Cahawba Bank in Selma, provided lunch and spoke to the attendees about the different options the bank can offer in funding for business owners including business accounts, basic business, business advantage, business savings and business interest checking.

After Walters’ presentation, U.S. Small Business Administration Business Advisor Katherine Zobre began her presentation about the basics of starting a business.

Her main objectives were to teach the attendees about the stages of a business, understanding what makes a good business idea, having the attendees draft their own business model canvas, understand how to test the feasibility of a business idea and understand the legal and tax environment for a business.

Zobre said good business ideas are an asset.

“Your money works for you,” she said during her presentation.

Zobre also encouraged business ideas to have a ready market saying it would be easier to break into a market that already exists.

What she said was one of the most important parts was that the business ideas are not a job.

“In a job, you work for money, in a business, your money works for you,” she told the attendees.