THE RAC Be YOUR OWN BOSS (BYOB) PROGRAM DEPARTMENT OF CAREER DEVELOPMENT AND JOB TRAINING
About the RAC Be Your Own Boss (BYOB) Program:
Entrepreneurship is a growing trend throughout the country. Starting your own business is an exciting and daunting experience. From finding capital sources to promoting your business, you face a myriad of tough decisions every day. To help you make the right choices, you want strategic advice from people who know small ,medium and large businesses.
That’s where the RAC can help. To assist those interested in starting a new business, RAC offers the BYOB Program in Alberta throughout the year.
RAC is an industry-led organization that supports the small business sector by providing potential entrepreneurial learners with assistance, information and training in the start-up and operation of their new businesses.
The intent of BYOB is to ensure that new business start-ups have: comprehensive business plans that are able to withstand challenging economic conditions and remain economically viable in the long term and be accepted by financial institutions and venture capital for funding, if required.
The Be Your Own Boss (BYOB) program offered by the RAC, Department of Career and Life Skills Development is a self-paced program whereby learners pay a one-time fee of $27.00 CAD for the entire program and have access to all online courses, resources and a business mentor, these combined resources will will be provide information within the vital areas that are important for start-ups.
The BYOB program provides participants with access to wealth of experienced mentors, advisors, resources and training in fields such as:
- Entrepreneurship (This Is Key, As You Should Understand If Your Want To Be Self-employed Or An Entrepreneur)
- Banking, Governance, Incorporation
- Overview of Business Start-up Law,
- Finance, Accounting & Tax,
- Business Planning,
- Research, Marketing, Human Resources, Competitive Placement
- Online Marketing
- and other expertise.
Your start-up mentor and/or department advisor will provide you with:
- Insight from a well rounded, balanced academic and entrepreneur
- Case studies published by the top academic schools in the world to understand what you need to do to be successful.
- Feedback on your business idea from the get-go!
- Get resources for funding your business, a clear idea of how much money you need and how you can manage your cash flow.
- Have a qualified business coach by your side throughout your participation – you don’t have to do this alone!
- Ongoing advice and feedback on your marketing strategies, including knowing what is and is not working and how to measure the effectiveness of your marketing plan.
- Assistance with producing and interpreting your financial information and results.
- Learn the critical components of running a business. We know that you know best about what you do, but do you understand: Cash flow? Inventory? Bookkeeping? Income Tax? Marketing/Branding? Sales? Advertising? Social Media? Website Development?
- Get quality training and mentoring from professionals!
- Feedback from your community and access to community resources and networking opportunities.
The formal process starts when first course has been completed, and does not end until the business is launched and running for 6 months.
- You MUST Apply, in order to apply for the BYOB Program, applicants must attend a one-on-one information session (click here to book a meeting) this is a formal discussion that is completed virtually with a faculty member and/or navigator who is an expert in start-up.
- The assigned navigator will provide insight to the learner on the viability of their idea,
- The navigator will send their recommendations to the Department based on a rubric, if the applicant is accepted, the applicant will enroll, and take online courses that will be directed by a mentor navigator.
- The formal process starts when first course has been completed, and does not end until the business is launched and running for 6 months.
- Learners receive The Royal Alberta College and IBM Certificate in Entrepreneurship and also other educational training certificates that may include:
- The Royal Alberta College and IBM Certificate in Project Management
- The Royal Alberta College and IBM Certificate in Accounting and Finance
- The Royal Alberta College and IBM Certificate in Communications
- The Royal Alberta College and IBM Certificate in Marketing
- The Royal Alberta College and IBM Certificate in Management, Operations & Leadership in Business
- The Royal Alberta College and IBM Certificate in Entrepreneurship in Human Resources, Organizational Behavior & Supervision
The RAC does NOT receive any funding for this program by any level of government.
Why do we offer this program: Our motto is: Help me, help you – Help others. By sharing knowledge we will enable people to start off on the right pathway, hopefully our learners within the BYOB will contribute to enabling a prosperous economy where networks are created and ideas, perspectives, experiences are shared to help each other grow.