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CNM, Hispano Chamber Partner to Support ‘Emprendedores’

March 31, 2016 -- CNM and the Albuquerque Hispano Chamber of Commerce have teamed up to help monolingual and bilingual Spanish-speaking entrepreneurs, or “emprendedores,” develop and grow their small businesses or business ideas.
CNM, Hispano Chamber Partner to Support ‘Emprendedores’

Mar 31, 2016

The goal of the program, called Emprendedores, is to foster economic development and job growth among an underserved population of aspiring entrepreneurs.

The course, conducted in Spanish, kicked off earlier this year with five sessions, starting with an introduction to the Entrepreneurial Mindset Program that is incorporated into various programs at the CNM STEMulus Center. Four subsequent sessions focused on the concepts of a business plan.

Twenty-two “emprendedores” graduated with a certificate from the first phase of the program and were recognized during an event at the Albuquerque Hispano Chamber of Commerce on March 15. The 22 entrepreneurs will continue into a second series of entrepreneurial courses, or Emprendedores II, beginning March 29.

“This program is another way to promote economic development in the Albuquerque area,” said Marvin Lozano, a business faculty member at CNM who is teaching the Emprendedores program. “Most of the participants in the program have small businesses now, and some of them are looking to open businesses. If we can help them grow and succeed, that means more job creation in our community.”

Lozano, who created the curriculum for the program, teaches the sessions at the Albuquerque Hispano Chamber of Commerce.

For Emprendedores II, the entrepreneurs will participate in four, two-hour sessions focused on the following topics: 1) Describing your vision, mission, form of ownership and business idea; 2) Understanding your market; 3) Managing your business; and 4) Basic personal financial statement analysis and projecting cash flow. This phase is designed to help them put concepts to work for their individual businesses, which range from food catering to making custom furniture to selling bridal attire.

When they complete Emprendedores II, some of the entrepreneurs will have the opportunity to participate in the next IGNITE Community Accelerator that’s held at the CNM STEMulus Center. IGNITE is an intensive, 12-week accelerator for early-stage businesses designed to help them grow faster and create jobs.

The Albuquerque Hispano Chamber of Commerce was the first point of contact for the emprendedores, who hail from countries like Columbia, Peru, Honduras and Mexico. The Albuquerque Hispano Chamber partnered with CNM to deliver the “Emprendedores” program and provide these aspiring business owners with entrepreneurial coursework that can help them grow their businesses and impact economic development.

For more information about the Emprendedores program, email tino@ahcnm.org.

The Kellogg Foundation has contributed funding to support this effort.