Who is eligible for the Momentum program?
Momentum is an accelerator program designed for women who own a business that has been operating in the North Okanagan region for a minimum of 2 years. The program is best suited to growth-minded entrepreneurs who are motivated to improve their business operations, are open to new approaches and value opportunities for co-learning through group mentorship.
Are there any types of businesses that are not eligible?
Yes, businesses that are not eligible:
- multi-level marketing businesses
- businesses that are not registered in British Columbia
- businesses that are not operating in the North Okanagan Region
What is the application process?
Applicants will submit an application form which will be followed up with an in-person interview. During the interview we will be seeking more information about the applicants business and may discuss topics such as opportunities for growth, current operational priorities of the business, the applicant’s capacity to fully engage with the program and their ability to contribute to the development of their peers.
Unfortunately, not all applications will necessarily be accepted.
How much of my time will the program require?
A key component of the program is your active participation. Each member can expect to contribute at least 4 hours per month to a peer mentorship group plus the possibility of some additional time if you are playing a leadership role.
In addition to the mentorship group, you will engage in a detailed analysis of your operations as well as action planning and on-going business development activities. The time spent on these activities will vary depending on the complexity of the business. You can expect anywhere from 20 to 60 hours of activity in the first 3 months as you complete the business analysis and action planning phase and then up to 10 hours per month on an on-going basis.
Much of the business development work will be client-driven so the amount of time each client spends and the scheduling of business development activities will vary based on individual needs.
How long is the program?
Participants will engage with us for a minimum of 1 year. This allows ample time to be able to connect with business professionals, work on business development activities and fully engage with the peer mentorship group.
What can I expect if I am accepted into the program?
The program is focused on providing support and resources to help women grow and improve their businesses. Key phases of the program include:
- visioning and goal setting
- comprehensive analysis of your business operations
- action planning
- exploration of market expansion opportunities
- on-going group mentorship
- one on one coaching
- connection with specialized professionals and mentors
- business workshops on a variety of topics such as leadership, conflict management, hiring and retention and time management.
What can I expect from the mentorship group?
The mentorship group is intended to provide opportunities for shared learning, mutual support, feedback and ideas on how to develop your business.
Members must be strongly committed to attending and fully participating with the group. Sharing insight about your business experiences as well as supporting others with feedback and perspective to support their growth are important parts of your participation. The group will discuss a wide range of topics, based on the needs and interests of those who are participating. Guiding principles of the group include:
Building a lasting, supportive network of growth-minded business owners is a key objective of the group.
Is there any funding available through the program?
Access to customized professional services (ie: accountants, lawyers, marketing experts, etc), as well as training, workshops, and other opportunities for learning will be provided will be provided under the program.