The strategy focuses on supporting the growth of businesses run by individuals with disabilities through skill enhancement, market access, and securing financial resources. For skill enhancement, initiatives like online courses and mentorship programs with experienced business owners are highlighted. This approach ensures that entrepreneurs are equipped with the necessary skills to thrive in their business endeavors. For example, organizing workshops with industry experts can provide practical insights and boost confidence.
Market access is another key element, aiming to develop an online presence and establish business partnerships to expand reach. Participating in trade fairs and creating an online marketplace specifically for businesses led by individuals with disabilities can increase visibility and customer reach. Additionally, securing funding involves identifying grants and loans, partnering with crowdfunding platforms, and hosting fundraising events, allowing disabled entrepreneurs to access necessary financial resources. This holistic strategy fosters an inclusive entrepreneurial environment.
The strategies
⛳️ Strategy 1: Enhance skills through training
- Identify specific skills needed in their business area
- Provide access to online courses tailored to these skills
- Organise workshops and seminars with industry experts
- Collaborate with local vocational training centres
- Set up mentorship programs with experienced business owners
- Encourage participation in business incubators
- Utilise government programmes for skills development
- Offer incentives for businesses that hire trainees after completion
- Regularly assess skill progression
- Implement feedback mechanisms for ongoing improvement
⛳️ Strategy 2: Increase market access
- Identify potential market segments for their products/services
- Develop a strong online presence via social media and websites
- Participate in trade fairs and exhibitions
- Create partnerships with established businesses for networking
- Establish an online marketplace for businesses led by individuals with disabilities
- Leverage local chambers of commerce for market entry
- Offer special promotions to attract new customers
- Use digital marketing strategies to reach a wider audience
- Ensure their products/services meet accessibility standards
- Gather customer feedback to refine offerings
⛳️ Strategy 3: Secure funding and financial resources
- Identify available grants and aid for disabled entrepreneurs
- Apply for small business loans with accessible terms
- Partner with crowdfunding platforms to raise capital
- Connect with investors who focus on social impact businesses
- Create business plans to attract funding
- Host fundraising events and initiatives
- Utilise financial advisory services to manage resources
- Develop a savings plan for business reinvestment
- Seek government and non-profit funding options
- Monitor financial health through regular audits
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
