Come discover all the ways we can help your business thrive!
We’re inviting local business owners and community business organizations to see your Small Business Development Center and connect with business resources we offer. Many business owners aren’t sure where to get support for their goals – do you know about SBDC?
June 7, 2011 11:30-2pm
You’re invited to check us out! The open house will include:
- A presentation by a local business celebrity
- Tours of our facility
- A networking table for your cards and brochures
- A business card raffle for several outstanding business books
- Time to connect with business owners and leaders in the business community
Open house agenda – feel free to attend some or all of the day’s events
- 11:30 Gathering and registration
- 12:00 Secrets of My Success presentation: Mary Lou Zeek, of the Mary Lou Zeek Gallery
- 1:15 Welcome from Diane McLaran, Director of the Chemeketa Center for Business and Industry
- 1:20 Staff-led building tours
- 1:30 – 2 Coffee, cookies, and connection time
There is no cost for this event. Please invite friends!
Plan to bring some business cards or brochures to share. We’ll have a table set up where you can leave them for other participants to take.
We’re located at 626 High St NE, Salem (map). Free parking is available all day at the Marion Parkade kitty-corner to our building.
Want to connect and get support? We’d love for you to attend! Call us (503-399-5088) or send an email (firstname.lastname@example.org) to register!
Growth is a good thing for your business.
Right? Probably, but there are some areas of danger to watch for. Since it’s not likely that you have a large cash reserve sitting in the bank, working with a small cash surplus is risky.
Here is a possible dangerous scenario, which by the way, is likely to happen during this season of many craft shows leading up to Christmas. You get new orders at the trade shows and increase production to fill these orders. You have enough money to pay the added labor, and your accounts payable is increased as you order more materials from your suppliers. You increase your accounts receivable because you sell on credit. Before you collect the money from your sales, the bills to your suppliers are due.
Lesson: Fast growth consumes cash quicker than it produces it.
How can you take advantage of the season and still not destroy the cash credibility of your company? Some things you can consider up front.
- Require a deposit when making sales.
- Divide your invoices for large, complex items – 1/3 up front, 1/3 progress payment and 1/3 due when delivered.
- Review your credit policies – print them right on your invoice so there is no confusion about the terms of payments from your customers.
- Send an invoice as soon as the job is complete.
- Offer early payment discounts to encourage promptness.
- Manage your payments by due date rather than by when you sit down to pay bills.
- Compute your vendor’s payment terms (added cost of extending payments) in the price of your product.
- Negotiate with your vendor – ask for extended payment terms during periods of obvious growth.
- Pay your bills on time – take advantage of early payment discounts – during off season times so your vendors know you are a good customer worth keeping.
- Predict your sales realistically so you can determine your expenses accurately.
- Don’t buy unnecessary or “add-on” items.
- Control your overhead expenses – keeping fixed costs as low as possible.
- Be sure your variable expenses relate directly to the growth/increase in sales.
The upcoming season can be a great boon to your business cycle. Be sure to guard your income and expenses as jealously as if the survival of your business depends on it – it just may.
We’re looking to add books to our business library and are seeking your suggestions!
Here are some recommendations we’ve received already:
- “Grassroots Marketing/Principled Profit”
- “Infoguru Marketing” by Robert Middleton
- “CrazyBusy” Dr. Ned Hallowell
- Guerrilla Marketing Goes Green: Winning Strategies to Improve Your Profits and Your Planet
- What Color is Your Parachute?
- Making a Living Without a Job by @
- Career Renegade by @
- Booked Solid
What would you like to read about?
What book titles would you like for us to own? We’re all ears!
If you haven’t yet heard the news, the SBDC has relocated to a fantastic new building!
Here’s a glimpse of the exterior:
We’re on the second floor. Come see our spacious new digs and get support for your small business.
626 High St. NE Salem, OR 97301 – at the corner of Union and High. There’s free all-day and 2 hour parking all around us and lots of help waiting inside!
Are you feeling overwhelmed with the challenges of running your business by yourself? Feeling isolated from other business owners?
Have you heard of Opportunity Knocks?
An Opportunity Knocks (“OK”) team functions as business mastermind group, with members offering each other advice, encouragement and expertise. OK is designed for small business owners and managers. The support from a group of other business owners is tremendous. Team participants are matched with up to twelve other non-competing small business owners. Each team meets monthly for a 3-hour information-packed meeting.
We’re now accepting applications for a few new members to one of our teams! Find out more information here and apply today!
I Use QuickBooks and I am Stuck! Now What? – Get unstuck. Bring your list of questions and our QuickBooks experts will answer each one in depth. Guaranteed to be engaging and fun.
Instructors: Mary Overfield, Owner, Balanced Books Bookkeeping Service and Marcia Bagnall, Interim Director, Small Business Development Center
Date: Tuesday, October 13
Time: 8 am to 10 am
Location: Chemeketa Center for Business & Industry, 365 Ferry Street SE, Downtown Salem
Cost: $25 for Salem Area Chamber members/$50 non-members
To register, call: 503.399.5088
Are you planning to start a business? Get great start-up information without breaking the bank!
Palo Alto Software (www.paloalto.com) is teaming up with leading Oregon organizations to provide free copies of Business Plan Pro Premier to entrepreneurs and businesses statewide.
You are invited to drop by and pick up your free copy of Business Plan Pro Premier at Chemeketa’s Small Business Development Center on July 1st, any time between 8 am and 5 pm. The free software is not a trial version and there are no strings attached. Palo Alto Software is giving away the same best-selling software that sells for $199.95 nationwide.
Business Plan Pro Premier Edition offers more advanced tools for businesses that are truly serious about creating a comprehensive and professional business plan. For more information about the software go to www.paloalto.com/business_plan_software/premier/
WHEN: Wednesday, July 1st, 2009
WHERE: Chemeketa Center for Business & Industry, 365 Ferry Street SE, Salem, OR 97301
- The download certificate must be physically picked up at one of the sponsoring pick-up locations
- One unit per business/per person
- The software must be installed and registered within 48 hours of pick-up before the code expires.
For more information go to www.paloalto.com/boost or stop by SBDC on July 1 to receive your copy!