...Fueling the Entrepreneurial Flame
The core purpose of Self Reinvention is to address the economic needs of formerly incarcerated individuals in the United States.
Many individuals in this demographic have become accustom and dependent on a specific culture, and need to become culturally synchronized with the mainstream of our civilized society.
The Self Reinvention proof of concept program is designed to achieve its objective by assisting formerly incarcerated individuals with the
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formation of for-profit business and / or gainful employment opportunities. Self Reinvention is not based upon a Hand-Out, but rather it is based upon a Hand-Up.
We believe that successful reintegration into our civilized society can only be achieved by inspiring the people with the problem to become their own solution. We define recidivism as the failure of a formerly incarcerated individual to successfully reintegrate into the culture of our mainstream society.
Our goal is to keep recidivism at zero for all formerly incarcerated individuals sponsored by Self Reinvention.
The Self Reinvention Business Incubation Group of companies are pursing enterprise income generating strategies that lead to a self-funding and self-sustaining agenda that supports its escalating mission in its entirety. Self Reinvention's goals will reach fruition not in weeks, months or years, but rather in a generation.
Self Reinvention is developing replicable entrepreneurial business incubators, and the organization facilitates the necessary community participation, and coordination among the various government agencies, business & industry, and social and community organizations to implement these incubators in major metropolitan areas throughout North America.
Our business incubators sponsor individuals who show entrepreneurial promise, who have demonstrated the necessary work ethic and intellectual capacity, and possess the trade or vocational skills to facilitate the formation and growth of a for-profit enterprise.
Each of our entrepreneurial enterprises are formerly incarcerated friendly in hiring other persons from this demographic. Our sponsored businesses create additional employment opportunities for other individuals who satisfy job requirements.
In addition to the constituency serving the constituency by creating jobs, our successful entrepreneurs become models who can help to influence and relax the hiring policies of other companies throughout the business community. By focusing on the strongest candidates for entrepreneurial sponsoring, Self Reinvention expands its reach and intensifies its mission.
As opposed to forming an autonomous business or a single business incubator, either of which require internal accounting, human resources, compliance, administration, legal and the other essential departments, Self Reinvention centralizes all of the necessary capital, and the administrative and business disciplines for both the business incubators and the entrepreneurial enterprises operating within each incubator. This leveraging creates substantial economies of scale, which translates to a substantial reduction in capital required to start and grow each incubator and each entrepreneurial enterprise. A substantially reduced overhead and operating capital requirement gives each of our sponsored enterprises a more competitive position, accelerate growth, and expedites the attainment of positive EBITDA.
Each of the business enterprises operating within our incubators are For Profit organizations. Self Reinvention retains 100% controlling interest in each sponsored enterprise as a mechanism to minimize investment risk. After a minimum of five years of incubation, or graduation from the incubator, controlling equity and controlling interest is transferred to the founding entrepreneur(s).
Self Reinvention generates its sustaining income based upon a percentage of revenue from, and an equity or debt position in each of the enterprises to which it provides capital and support. The cost for the administrative support services to each of our sponsored enterprises comfortably scale with revenue, and continue for a predetermined term.
The equity or debt position that Self Reinvention retains in each enterprise builds a growing endowment. The endowment will provide all of the necessary capital to fund Self Reinvention’s operations, the seed capital for new enterprises, and the continued growth of its expanding mission in its entirety.
Self Reinvention is the new dimension in reducing recidivism in the demographics of formerly incarcerated individuals, and it is the new frontier for accountable community and social organizations that serve this demographic.
Self Reinvention is based upon the premise that the recidivism dilemma in this Nation will only be resolved by empowering the people with the problem, to become their own solution.
Empowering the people with the problem to become their own solution.