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SOU SBDC February News

February = Finances!
Resolve Your Resolutions
Leap Over Your Financial Barriers to Success
with SOU SBDC February Workshops and Presentations
Business Finance: Managing By The Numbers
by Marshall Doak, SOU SBDC Director
We regularly solicit feedback from our client businesses in order to increase the quality of our services. Gratefully, we have a high response rate and we are able to develop programs to address the requests we receive. One area we consistently receive requests to provide education and training in is business finance. For this reason, we start off the second month of 2019 with two very important presentations geared specifically to help your personal and small business finances. (continue)
The Keys to SMART Goal Achievement Success
by Todd Tippin, SOU SBDC Business Instructional Advisor
In last month's newsletter, the concept of a SMART (Specific, Measurable, Achievable, Realistic, and Timely) strategic plan was shared. Development and faithfully focused implementation of a SMART plan will build better companies with better profits.
In a two-part article, Small Business Management instructor Todd Tippin further develops these ideas and suggests a solid plan of action and a plan for execution.
What's Happening at Your SOU SBDC This Month (and Beyond!)
Intro to Entrepreneurship
February and March 2019
Learn the basics of small business ownership in this ninety-minute informative presentation. Take the next steps in starting your business today! Register one of the following:
Tuesday, February 19, 10 - 11:30am
Friday, March 8, 3 - 4:30pm
Tuesday, March 19, 10 - 11:30am
Presented by Marshall Doak, SOU SBDC Director
Learn how to build a clear picture of your everyday business operations in order to make better decisions. Shoebox Accounting combines an interactive how-to presentation with hands-on activities. No accounting experience is needed, as this workshop leads you through the learning process. No cost to attend but you must be registered.
Saturday, February 9, 2019
9:00 am - 12:00 pm Room #118
Register Here
THE IMPORTANCE OF CREDIT How to Build It/How to Repair It
Presented by Tiffany Mays
SOU SBDC Business Advisor
How can you establish, protect, and repair your credit? How can you leverage credit to build wealth? In this informational hour, you will learn the importance of credit as a valuable commodity to your small business. No cost to attend; register here.
Thursday, February 21, 2019 -- 12-1 pm
SOU/RCC HEC Room 132
Local Entrepreneurs Receive Funding Guidance
Through SOU SBDC and Close the Deal
One role of SOU's SBDC is to help entrepreneurs put together a plan and the paperwork necessary when the time is right to purchase a business. Elycia and Daniel Moore jumped on an opportunity to purchase Talent Market and Liquor Store but needed a solid business plan and the financials to make it happen. Fortunately, they found their answer in SOU's SBDC. "We were thrilled with the [SBDC} responsiveness to our needs and that they expedited the work required to make the purchase in the amount of time we had," said Daniel. "Marshall's level of professionalism and commitment to getting our business plan and financials together was literally as if he were the one opening the business."
After the plan and paperwork were presented to their lending institution, the Moores received funding, and purchased the business, all within a two-month time frame. They excitedly plan for Day One, when a complete reset of the store will start to make the operation more efficient and profitable. "We know we have a lot of work ahead of us to make the changes we want to make but are thrilled to be able to have the opportunity. It is important for our family that we deepen our commitment to the Talent community."
There is a lot of misinformation out on the street when it comes to financing your next "greatest business start-up idea." The SOU SBDC receives many calls from hopeful entrepreneurs thinking there is a silver bullet just for them--a magic grant exists that will help fund their business idea because "I am a veteran/woman/minority/disabled"...the list goes on.
In "You Want to Start a Business--How Should You Finance It?" by Mark Abell, Senior VP for NBH Bank, some strong doses of reality mixed with sound financial guidance are presented.
Really want to go for it in 2019? By attending the two SOU SBDC February workshops, you can start getting your financial house in order then get the funding you deserve.
Planning Ahead With Our Partners
The 17th Annual Entrepreneur Expo
Sponsored by the Women Entrepreneurs of Southern Oregon (WESO)
Saturday, March 9, 2019
12 - 4pm
Inn at the Commons, Medford
Free to Attend
Find out more here.
SOU's SBDC Values These Community Stakeholders

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