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ADDENDUM NO. 2April 27, 2022 Title:Building Healthy Communities (BHC): COVID19 Recovery, Resiliency and Recovery in the City of Chicago RFP # H220028Frequently Asked Question INFORMATION SESSION RECORDINGS
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01
Assess your current business resources and capabilities.
02
Identify areas where improvement is needed, such as marketing, finance, or operations.
03
Set specific goals for capacity building based on your assessment.
04
Research and choose appropriate training programs or workshops that fit your needs.
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Develop a timeline for completing the training or capacity building activities.
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Engage with mentors or advisors who can provide guidance and support throughout the process.
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Monitor progress regularly and adjust your approach as necessary.

Who needs small business capacity building?

01
New entrepreneurs looking to establish their business.
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Small business owners aiming to scale or improve efficiency.
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Businesses transitioning to new markets or products.
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Organizations seeking to strengthen their operational processes.
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Companies aiming to enhance their financial management and reporting.
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Small business capacity building refers to the process of developing the skills, resources, and capabilities of small businesses to enhance their operational efficiency, sustainability, and growth potential.
Typically, small businesses that are participating in certain funding programs or initiatives designed to support their growth and development are required to file for small business capacity building.
To fill out small business capacity building, you typically need to complete specific forms that outline your business's goals, resources needed, and plans for utilizing capacity-building services or funding.
The purpose of small business capacity building is to strengthen the operational capabilities of small businesses, enabling them to be more competitive, sustainable, and able to adapt to changes in the market.
Information required typically includes business demographics, financial status, resource needs, project plans, and expected outcomes from capacity building efforts.
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