Skandalaris Center

The background image for the website. It is a multi colored mosaic.

HOW TO START A NEW STEP BUSINESS

  • Create a unique business concept.
  • Talk with the StEP Program Manager about your business concept to ensure it fits with the StEP framework.
  • If the concept is accepted, do market research and customer discovery to determine feasibility.
  • Prepare and submit a detailed business plan.
  • Deliver a business plan presentation and complete an interview with the StEP Advisory Board.
  • Wait for approval and recognition.
  • Raise capital and become official by fulfilling the requirements of a business in the St. Louis/Clayton area.
  • Take advantage of the benefits of being a member.

HOW TO BUY INTO AN EXISTING STEP BUSINESS:

  • Learn which businesses may be for sale/have shares for sale (most seniors will be planning to sell before graduation).
  • Attend or view the Buying a Business Workshop – this is mandatory.
  • If you view the recorded workshop, complete the follow-up quiz to become eligible to buy into a business.
  • Once you’ve attended the workshop or completed the necessary steps, you may begin discussions with owners – review their prospectus, submit an offer, enter into negotiations.
  • To obtain the video and quiz, contact the program manager, Jessica Weldon, jessica.weldon@wustl.edu.
  • If your offer is accepted, work with the sellers to agree on a bill of sale.
  • Sign all necessary paperwork and begin the adventure of being a StEP Owner!