HOW DOES THE SEB PROCESS WORK?

• The applicant must meet with their Employment Assistance Services Provider in order to determine if self employment is a valid option for employment, to establish their eligibility and to be referred to Hecate Strait Employment Development(HSEDS).
• The applicant must complete the SEB application form, along with a 2-4 page business concept which will be reviewed by HSEDS.  If the applicant is accepted for the SEB program, they must sign an agreement with HSEDS. 
• If the business is feasible, the applicant must complete detailed business planning.  During this period, the client must devote a minimum of 35 hours per week to developing the business plan.
• The business plan, when completed, is reviewed by the HSEDS Selection Committee.  The committee judges the business plan on the viability and sustainability of the proposed business, a demonstrated demand for the business productes or service and the existing competition within the area.
• The applicant must provide evidence of personal investment that is equal to or greater than 25% of the total financial contribution of the SEB funding.
• The applicant must not start the business until the business plan and application has final approval from HSEDS.
• HSEDS staff that coordinates the SEB program will monitor the progress of the business venture by phone and through on-site visits.  Monthly monitoring and financial data reports are required to be submitted.  This helps the SEB staff be well informed on the progress and development of the business.  These reports are mandatory and must be submitted on time.  Failure will result in financial support being withheld temporarily until the reports are received.