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Need $25,000 to Start or Improve Your Business? Request a
Big Idea Contest Application Today!
New Extended Deadline is
November 2!
Email, call or mail Ms. Donna Leister at the
Kutztown SBDC for your application:
leister@kutztown.edu
1-877-472-7232
Kutztown University
3211 North Front Street, Suite 201
Harrisburg, PA 17110
To download a printer friendly version of this month's
entire newsletter,
click here.
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Success is in the Bag for Lightning Packs,
LLC |
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Lightning Packs, LLC is a young company
preparing to sell one of the most innovative
and ergonomic backpacks on the market. Based
in Wayne, Pennsylvania, Lightning Packs has
laid the foundation for it's success with
the Kutztown University Small Business
Development Center (SBDC).
The heart of Lightning Packs' success rests
in the curiosity of its founder,Dr. Larry
Rome. A biology professor at the University
of Pennsylvania, Dr. Rome has enjoyed a
career investigating and teaching muscle
physiology for nearly 25 years. Several
years ago, the United States Navy asked Rome
to lend his talent to designing a high-tech
submarine. Rome's work on that project soon
led to another challenge from the U.S. Navy,
this time to develop a way to recover energy
from American soldiers traveling on foot.
Read the
full story to learn more about Dr. Larry
Rome and Lightning Packs, LLC.
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Financial Issues After the Sale of Business:There's more
to selling a business than selling a
business
Contributed by Michael Fischer, CLU, ChFC
Once you've negotiated the sale of your
business- or, better yet, while you're still
in the process-consider how you expect to
manage the resulting wealth. Also consider the impact it will have on your
taxes and your estate plan.
Set goals. First,have a
clear idea of your financial goals. Do you
have deb to pay off? Do you plan to make
gifts to you children or to a charity? As in
your business, you will need to have goals
in order to achieve them. And, rather than
simply giving money to your children or a
charity, you'll need to do some planning to
avoid paying gift taxes or other taxes.
How to protect your newly found wealth? See
Michael Fischer's insights in the
full article.
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Selling Yourself Out of Business
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You've just been awarded a major contract- and it's so
major you and your staff are overwhelmed
with work. You've even hired new personnel
to help with the load of this project, and
soon your company's main resources flow into
the new contract, leaving it vulnerable if
the deal falls through.
This month, Dan Goldberg discusses the importance of having
a broad client-base, and how to avoid
putting all of your "eggs" into one client's
basket.
Do you want to avoid leaving your business in a tight
spot? Click
here for some advice on building a
strong foundation of clients you and your
business can stand on.
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How to Measure, Review, and Plan to Grow Your Website
Traffic Stats Every Month |
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By Lynn VanDyke
Let's assume you have taken all the steps
needed to develop a website that draws
targeted visitors from the search engines.
Let's also assume you've done keyword
research, created content based on "low
hanging" keywords, optimized that content
for maximum search engine positioning, and
submitted your pages to each major search
engine; but, in order to continue the
success of your site, there are a
few things you should know.
In previous issues, Lynn VanDyke featured a four-part
how-to series on converting any business
into a successful web business. If you
missed out on these articles, you can catch
up here with part
one,
part two,
part three, and
part four. |
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SBDC News
*
Do you have
creative ideas for a manufacturing or
technology reated business? If so, you can
enter the Southcentral PA Big Idea Business
Plan Contest and win a $25,000 prize to make
your dream come true.
*The KU SBDC recently updated its website,
and has been converted into a portal for
electronic learning. Now the site is easier
to use, with a new Google-based search
engine, and more direct links so you get the
help your business needs, faster!
Check out the new protal for learning
here!
More SBDC is news is just
a click away!
FastTrac Captures The Entrepreneur
Experience
Cheryl Bann, president of C.L. Bann
& Associates, a consulting firm in Eden
Prairie, Minnesota, has a curiosity of "the
lived experience of the entrepreneur."
Teaming up with FastTrac and the SBDC, she
has researched what makes an individual
suitable to be an entrepreneur.
FastTrac Connections has
all the details on what makes an
entrepreneur, and the experience
of running your own business.
Long-Term Care Insurance Offers Crucial
Protection
By Kathi Kuzo
Long-term care insurance is designed to pay
for the often-astronomical costs of
long-term care for people with chronic
disabilities. It includes custodial care-
assistance with activities of daily life
like eating, bathing and getting dressed- in
a nursing home, assisted living facility or
the patient's own home.
Click
here to learn more about Long-Term Care
Insurance. |
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