Training sessions give small business owners a shot at success

Sales of Beyond Knitting Concepts' fashion merchandise total just $600. Yet Aisha Alexander, cofounder of the venture started a little more than six months ago with a knitting buddy, confidently describes herself as a successful business owner.

"It's all about your state of mind," the South Philadelphia resident explained.

Yuri Schneiberg sees it differently. In fact, he's staking a new business venture on a belief that he's right.

Success as a small-business owner requires much more than a positive outlook, Schneiberg said - it requires an education specially designed for entrepreneurs.

As executive director of LearnQuest in Bala Cynwyd, Schneiberg has spent the last 13 years conducting employee-training programs for large corporations. His new initiative aims to serve the opposite end of the business spectrum: the small operator.

Besides turning a profit, Schneiberg is out to improve what is a distressing statistic: that 50 percent of small businesses fail within their first five years.

Schneiberg attributes that to people launching businesses without a number of essentials, including a marketing plan, adequate financing, effective communication skills, and a wise physical location.

Small-business owners are often "driven by the skills they have," but they lack the vocational preparedness to translate those skills into thriving enterprises, Schneiberg said.

LearnQuest's new program, expected to seat its first class in September, will combine the traditional M.B.A. curriculum with a hands-on learning approach characteristic of vocational education, plus one-on-one mentoring. That will be offered over 10 months for $14,500. (Details can be found at http://www.learnquest.edu/.)

Schneiberg and the faculty of entrepreneurs he has amassed say the program is unique for its depth. That's hard to assess in what has been a rapidly expanding field of entrepreneurship-training programs locally and nationally in recent years.

What is not in dispute is that they are all needed, said Geri Swift, president of Women's Business Development Center, a Philadelphia nonprofit that offers a range of entrepreneurship training - the longest, lasting 10 weeks, for $425.

Small business is "where the economy is going," Swift said. "We need that kind of education and training, and we need as many different models as we can to assist people."