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Panelists offer practical advice on online businesses, trauma‑informed money and business planning for Native entrepreneurs

April 03, 2024 | Bureau of Indian Affairs (BIA), Department of the Interior (DOI), Executive, Federal


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Panelists offer practical advice on online businesses, trauma‑informed money and business planning for Native entrepreneurs
Panelists on the NCAI webinar offered hands‑on guidance for entrepreneurs in Indian Country, stressing realistic planning, community supports and attention to emotional and cultural barriers around money.

Cecilia Engelhardt, identified in the webinar as a native small business owner and board member with the nonprofit 7 Fires, stressed the importance of reliable internet for online businesses and community supports for entrepreneurs. "If that's your business and that's your income, you need to make sure that you are you've got the best Internet you can," Engelhardt said, adding that she has sometimes maintained two separate lines to ensure connectivity. She recommended entrepreneurs build community networks—online groups or local peer cohorts—to reduce isolation and sustain growth.

Both panelists emphasized realistic, iterative business planning. Elsie Meeks said early business plans were often aspirational and that training helped prospective entrepreneurs identify unviable ideas before committing resources. "He worked through the projections...and at the end of the class, he says, I'm so glad I came to this because now I know this will not work unless I have a full time job," Meeks recounted, illustrating how planning can prevent avoidable failures.

Engelhardt also advocated trauma‑informed money work as a way to help entrepreneurs confront emotional barriers to managing finances; she described certified training approaches that address the social and emotional dynamics behind financial decisions. The panel closed with practical recommendations: start with a baseline assessment of local needs and capacities, pair training with technical assistance, and align tribal policy (for example, procurement preferences) to support citizen‑owned businesses.

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