Oregon Administrative Rules › Chapter 582 - DEPARTMENT OF HUMAN SERVICES, VOCATIONAL REHABILITATION SERVICES › Division 70 - STANDARDS FOR PROVISION OF SERVICES AND RATES OF PAYMENT › Section 582-070-0042 - Definitions

Current through Register Vol. 63, No. 7, July 1, 2024
The following definitions apply to Rules 582-070-0041  through
				582-070-0044:
(1) "Business plan"
			 means a document that describes the organization and operation of the proposed
			 business. It is prepared by the individual, with assistance, as needed, from
			 the counselor and/or Small Business Development Center at a local community
			 college, a micro-enterprise organization, private business consultant,
			 consultant from the Service Corps of Retired Executives (SCORE) or other
			 similar source(s). The business plan shall be used by the counselor and the
			 individual, in consultation with a qualified expert, to evaluate the viability
			 of the business, as well as provide the individual with a blue print for the
			 business. The business plan shall outline the financial projections of the
			 business, the business marketing plan, and the method and schedule of ongoing
			 record keeping and analysis that shall be used to evaluate the progress of the
			 business. If the plan is viable, it can also be used to apply for any needed
			 funding.
(2) "Self-employment"
			 means working for oneself, in a business that sells goods or services.
			 Self-employment may be a sole proprietorship, partnership, or corporation. If
			 the business plan includes a partnership or corporation, and OVRS funding is
			 requested, the individual must be the owner, controlling partner or controlling
			 shareholder of the corporation.
(3)
			 "Start-up costs" mean those costs as described in the business plan required in
			 order for a business to begin operation. Start up costs that are considered
			 reasonable and necessary shall only be considered for funding by OVRS after all
			 comparable services and benefits have been applied. Reasonable and necessary
			 start-up costs required to establish the business may be provided by the OVRS
			 in accordance with applicable purchasing rules and regulations.
(4) "Viable" when used with "business plan"
			 means a business plan that has a reasonable chance of success leading to self
			 sufficiency, based upon a market feasibility study; financial review of
			 projected revenue, expenditures and assets; and the demonstrated technical and
			 business management skills and abilities of the individual. An analysis of the
			 ongoing costs required for the operation of the business and the resources that
			 will cover those expenses will also be necessary to determine whether the
			 projected resources will be sufficient to cover ongoing operational costs of
			 the business. In order to be "viable" the individual's technical skills must be
			 commensurate with those required of the self-employment venture. A business
			 plan, to be viable, has been reviewed, in consultation with the individual and
			 the OVRS counselor, by an individual or organization with a credible background
			 in business planning. Although OVRS does not require that an individual utilize
			 loan funds as a comparable benefit, a business plan may require loan funding or
			 additional funding sources other than OVRS (e.g., family, friends) in order to
			 be considered viable.
Stat. Auth: ORS
				  344.530(2)
Stats. Implemented: ORS
				  344.511 -
				  344.690 &
				  344.710 -
				  344.730