Tuesday, March 5, 2019

small business administration

small business administration


Small Business Administration calls on small business owners to take part in free business development program - WRTV Indianapolis

Posted: 04 Mar 2019 02:00 AM PST

Hiring Hoosiers is a new initiative from RTV6 that works to connect Hoosiers to employment opportunities, career development resources, training programs and educational paths. In our Hiring Hoosiers reports we are taking a closer look at barriers to employment and things that get in the way of people getting the jobs they need to support themselves and their families. For more information, visit HiringHoosiers.com.

INDIANAPOLIS — The Small Business Administration of Indiana is looking for local companies that want to further develop their business by taking part in their Emerging Leaders program.

Only a little more than 60 percent of small businesses survive at least two years, and about half of those survive at least five years, according to the Bureau of Labor Statistics.

Ila Mitchell, president of Mitchell & Sons HVAC, Inc. in Indianapolis, has been in business since 2009. It was not until a few years into owning his company that Mitchell realized he needed to work on his workflow.

"I had actually grown my business too fast," says Mitchell. "I had cash flow issues badly when I went into the program."

Mitchell is an IUPUI Kelley School of Business grad and says he thought he had the knowledge he needed to run his business. However, he signed up for the SBA's Emerging Leaders program to see if there was anything more he could do for his business.

"It actually turned everything around for me," explains Mitchell. "I was in the survival stage of my business. I had been working for years, for five or six years, however, I didn't know how to get the business to that next level."

The Emerging Leaders initiative provides free entrepreneurship education and training for executives of small companies that are potential job creators.

"They are going to walk out with a three to five year strategic business plan," explains Stacey Poynter, the District Director of the Indiana Small Business Administration. "We bring in all kinds of partners, that come in and provide free advice from legal type of advice to accounting advice and things about taking their business to the next level."

The program includes nearly 100 hours of classroom time over seven months, but it also provides opportunities for small business owners to work with experienced coaches and mentors, attend workshops, and develop connections with their peers, local leaders, and the financial community.

"It's all time that you are investing back into your business to grow your business," says Poynter. "It is an opportunity to get a street-wise MBA working on your business, for free."

The SBA program is a priceless tool for Mitchell and his business, as he plans to keep his HVAC and construction company going for decades through the leadership of his sons.

"Emerging Leaders is just a wonderful program," says Mitchell. They say it's like a mini-MBA. But the context and the people that you meet is probably more valuable than the information. So for me, it just changed everything. I don't know how I would have gotten here without having that experience, because I am not in survival anymore. I know we will continue to exist, now it is about being strategic and how you grow so that you know you, end up where you want to be."

The next set of classes start in April and the SBA is looking to fill the class with 20 small business owners that can commit one evening every other week for seven months.

Criteria to apply include:
-Have annual revenues of at least $250,000
-Have been in business for at least three years
-Have at least one employee, other than self

To apply go to the SBA or Interise websites.

For more stories like this visit our Hiring Hoosiers website.

Help for Syracuse-area small businesses ready for next level growth - WSYR

Posted: 04 Mar 2019 12:59 PM PST

SYRACUSE, N.Y. (WSYR-TV) - The U.S. Small Business Administration is looking for the next group of small business owners in the Syracuse area looking to take things to the next level.

They are now taking applications for the 9th year of the free 'Emerging Leaders' program.

Mello Velo in Syracuse is one of the recent graduates of the program.

Started in 2009 by Steve and Sara Morris in a cramped store in Syracuse's Westcott neighborhood, the bike shop quickly needed to grow.

"We pretty much needed to hire employees our first season.  It just became impossible to do our jobs well.  It was just so inefficient," Sara Morris tells NewsChannel 9.

Very early on they had added food to the bike repair operation and not long after started the search for a new space.

About the same time Morris discovered the 'Emerging Leaders' program.

Bernard Paprocki is the District Director for the U.S. Small Business Administration.

He says, "What we're trying to do is grow jobs, grow the economy, grow small businesses here in Central New York."

It's a program of 13 intensive classes of three hours each over seven months along with homework.

It's not aimed at startups or businesses in trouble, but owners looking to get to the next level.

Morris says, "So from financials to employees to marketing, all those things are really important and easy to get pushed aside when you have multiple fires to put out on a day to day basis."

It came just at the right time for Mello Velo, which had just purchased a new space in need of a good deal of renovation.

It's fully renovated and has plenty of room for the bike shop and café.

The red and lime green building is hard to miss at the corner of Canal and Walnut Streets and Erie Boulevard in Syracuse.

Paprocki says, "This was a result of their strategic growth plan that they developed through the Emerging Leaders program." 

Morris adds, "I mean it definitely does give you the tools and I do feel empowered now that I could just build off that plan."

Click here for more information about the 'Emerging Leaders' program.

Small businesses, find your match - Dayton Daily News

Posted: 04 Mar 2019 11:18 AM PST

Small businesses looking for contract opportunities and government buyers, take heed.

Registration is open for the 2019 Ohio Business Matchmaker event, which will be April 22-23 at Wright State University's Ervin J. Nutter Center.

Details and registration for the event at 3640 Colonel Glenn Highway can be found at www.ohiobusinessmatchmaker.com.

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The U.S. Small Business Administration and Ohio Development Services Agency tout the event as the "largest small business-to-government contracting event in the state."

Registration is open now. Through March 31, small business can register for the early-bird rate of $85. The cost increases to $125 on April 1, and on-site registration will cost $175.

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Exhibitor and sponsor packages also are available.

Government buyers and prime contractors can register for free. It's an opportunity for buyers to meet with minority-owned, women-owned, veteran-owned, 8(a) and HUBZone certified businesses.

In Their Business - Highlands Ranch Herald

Posted: 04 Mar 2019 09:24 AM PST

Program for small businesses

The U.S. Small Business Administration is offering a free, seven-month intensive program that provides tools, training and networking to small business owners.

Emerging Leaders is a "street-level" MBA-style program suited for Colorado small businesses that have been in operation for at least three years, have an annual revenue of at least $250,000 and have at least one additional employee other than the owner, according to a news release.

Classes begin in May and continue through November. The program provides 40 hours of training, which is divided over 13 sessions. All sessions will take place at Englewood Civic Center.

The Emerging Leaders curriculum includes developing a three-year strategic growth plan and more than 100 hours of professional, specialized workshops and training while working alongside experienced mentors, local leaders and experts from the financial community. This copyrighted program curriculum is known as StreetWise Steps to Small Business Growth.

Space is limited and interested applicants are encouraged to apply early before the March 15 deadline. Applications are accepted online at www.interise.org/sbaemergingleaders and will be reviewed for eligibility by March 22.

Credit union opens in Parker

Ent Credit Union's second service center location in Parker, and third in Douglas County, is open at 18700 Cottonwood Drive.

In coordination with the Parker Chamber of Commerce, Ent had its ribbon cutting Feb. 21, with guest of honor Mayor Mike Waid, along with the chamber's president and CEO, Dennis Houston.

"This new service center is in a great location and adds another level of convenience to our members in Douglas County," Ent's vice president of corporate communications, Victoria Selfridge, said in a news release.

Community earns national award

Parker's Vivant community has taken home the gold award for Detached Community of the Year from the National Association of Home Builders International Builders' Show in Las Vegas, according to a recent news release.

The Craft Companies community, with builder Joyce Homes, competed with residential communities nationwide, and was selected by a panel of industry professionals from more than 1,300 entries across the country.

On 1.5-acre homesites in east Parker, the Vivant community offers luxury homes starting at $1.245 million, with four floor plans.

Joyce Homes partnered with Angela Harris of TRIO and hired KGA Studio Architects to develop the TRIO Collection of houses that comprise the four Vivant floor plans that were designed from the inside out, beginning with floor plan circulation, programming and flexibility of every space, the release says.

"By collaborating every step of the way with our interior design and architecture teams over the past two years, we've created a community that encompasses the same modern, cutting-edge architecture and floor plans as highly sought-after custom homes in Denver," Scott Moberg, president of Joyce Homes, said in the release. "Vivant won this prestigious award because it's the first suburban community in the country to offer the same level of architectural and interior design found in major cities, with the added bonus of expansive lots in a breathtaking, rural environment."

New Amazon Books location

The 19th location of Amazon Books opened March 6 in Cherry Creek, according to a news release.

Amazon Books is open to all customers. Prime members pay the Amazon.com price in store, and customers who aren't already Prime members can sign up for a free 30-day trial and instantly receive the Amazon.com price in store.

The Cherry Creek store is at 2787 E. Second Ave., Denver. The store is open from 10 a.m. to 9 p.m. Monday to Saturday and 11 a.m. to 6 p.m. Sundays.

Course of business - Long Island Business News

Posted: 04 Mar 2019 10:56 AM PST

Graduates of the 2018 SBA New York District Office's Emerging Leaders course. (Photo courtesy of the Small Business Administration)

Justin Latorre considered getting his MBA so that he could bring new expertise to leading La Flor Products Co., a Hauppauge-based importer and packager of spices and seasoning products that has been owned by his family for three generations.

"But instead of racking up tuition and student loans, I came across a free program offered by the SBA," he said, referring to the U.S. Small Business Administration's Emerging Leaders course.

Each year, the SBA offers the seven-month, MBA-style course at locations around the country, including New York. Topics covered range from accessing capital and government contracting to social media marketing and hiring and firing. Participants end the course with a three-year growth plan and an expanded network of business leaders.

The SBA's New York District Office is seeking 15 to 25 business leaders for this year's class, which begins May 7 in Manhattan. The application deadline is March 15. The New York District Office is also recruiting students for a similar course to be held in Yonkers.

Applicants must be a decision maker in a small business with at least $250,000 in annual revenue. The company must have been in business for a minimum of three years and must employ at least one person in addition to the owner. Participants must agree to commit 100 hours in the classroom and meet in small groups with other classmates outside the classroom.

The class meets every other week, and break-out groups meet on the alternate week, according to John Mallano, deputy director of the SBA New York District Office.

"Course participants strategize and work on their growth plans together," Mallano said. "It's a big time commitment, but the end result of this executive education is that it prepares business leaders to move to the next level."

The SBA launched the program nationally in 2008 with the goal of helping small businesses expand and create jobs.

"Those who have gone through the program have shown growth in their businesses and added employees," Mallano said. More than 5,000 small business leaders nationwide have completed the Emerging Leaders course, creating more than 6,500 jobs and generating more than $300 million in financing, according to the SBA.

Latorre took the course in 2015, the first year it was offered in New York.

"Right off the bat, we jumped into what they call an elevator pitch or a rocket pitch," he said. "You learn to hone in on what your company is and what it could do for a potential customer. It sounds like a simple concept, but if you can learn to be confident and comfortable speaking about what you do – whether to a room of two people or 100 people – it can be so impactful for your business."

As the course went on, Latorre created a five-year growth plan for his company.

"To this day, I'm still following the growth plan," he said. "It's a map, a guide that we can go back to if we feel we are straying away from the plan."

La Flor Products has grown each year since he completed the class, with head count swelling from about 45 employees to 72 in that span, according to Latorre. As part of its growth strategy, the firm expanded into institutional sales as well as through the co-packaging of its products with other entities. The latter refers to private-label partnerships with food retailers, restaurants and others looking to put their name on spices or seasoning products.

Nike Akindahunsi completed the Emerging Leaders course last year. Her Huntington Station-based company, FMKgroup, has been in business since 1993, providing advertising, digital and social media, strategic communications, marketing and other services. About 90 percent of FMKgroup's business comes through federal government contracts.

"I had gotten to a stage in my business where it just wasn't growing," Akindahunsi said. "I have been involved in SBA programs in the past, but I hadn't been involved in any for the last five or six years, so I decided to reconnect and see what resources are out there."

Like many business leaders, Akindahunsi had gotten very comfortable "doing the same thing over and over."

"I needed to get out of my comfort zone and learn ways to grow from seeing what other company owners are going through," she said. "The class forced me to go outside my box and create a growth plan and follow through with it. In the classes, we discussed our problems, and other CEOs would weigh in. We also presented our plan, and the others critiqued it."

Further, she said, the course brought together diverse resources, including multiple experts on categories such as accounting, financing solutions and the GSA, which provides centralized procurement for the federal government.

"It was a one-stop shop," she said. "To have looked for all of these resources on my own would have taken too much time."

Akindahunsi credits the course in helping FMKgroup land 14 more contracts than it did during the previous year.

One of the biggest benefits Latorre derived from the Emerging Leaders program was that it expanded his network.

"Similar to college, the network you build from the program is very important," he said. "Keeping in touch with the network is key to growth." Just last week, Latorre said, "a friend from the course put me in touch with one of his customers that could become my customer."

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