|
"Nothing in this world can take the place of
persistence. Talent will not; nothing is
more common than unsuccessful people with
talent. Genius will not; unrewarded genius
is almost a proverb. Education will not; the
world is full of educated derelicts.
Persistence and determination alone are
omnipotent. The slogan "press
on" has solved and always will solve the
problems of the human
race."
-Calvin Coolidge
To download a printer friendly version of
this month's entire newsletter,
click here.
|
|
Kutztown SBDC Brightens Business for LinkTech |
|
Ramon Melecio, president and owner of
LinkTech Incorporated in West Reading, PA,
was nominated for an Entrepreneurial
Achievement Award by Carlos Ojeda Jr.,
Director of the Latino Business Resourse
Center at the Kutztown University Small
Business Development Center.
Before Ramon decided to open his own
business, he worked for FastPak as a product
manager for 15 years. He never imagined
being a business owner. But in November of
1997 when FastPak was going out of business,
Penske made him an offer he couldn't refuse;
so he jumped into starting his own company.
Read the
full story to learn more about Ramon
Melecio and LinkTech.
|
|
Impact of Divorce is Difficult for Small Business Owners
Contributed by Michael Fischer, CLU, ChFC
Divorce is difficult for a family, but it's also difficult
for a family business. Family businesses
make up the majority of all businesses in
the United States, so it's not unusual for a
divorce to impact a family's business.
One reason that a divorce endangers the
future of a family business is that, unlike
many assets, businesses are not easily
divided. The business is often the most
valuable asset in the marriage, but it's
unlikely to produce enough cash flow to pay
an equitable share to a spouse who is being
divorced.
How can you keep a business running in the
midst of a divorce? See Michael Fischer's
insights in the
full article.
|
| |
|
Managing Families in Business |
|
It seems like a good idea at first. You start a business
and it begins to grow. Before you know it,
you have to hire someone to help you manage
your company. During times of economic
uncertainty and/or recovery, many people
feel more comfortable hiring a family
member, spouse, child, sibling, aunt, uncle
or some other relative. The growth
continues and you add an employee and then
another one. Each new-hire is another
family member, either through blood or
marriage. Before you know it most of your
upper management team is related to you in
one way or another.
Do your loved ones also double as your employees? Find
out how to cope with and benefit from
working with your family.
|
|
How to Turn Any Business Into a Successful Web Business |
|
A Special
Four-Part Summer Series
The SBDC is excited to continue Lynn Van
Dyke's special four-part series on turning
any business into a successful web
business. Don't miss out on this
opportunity to learn Lynn's secrets to
online success.
Ready to read
part four? Catch up on
part one,
part two, or
part three if you missed them.
|
|
| |
|
|
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.
More SBDC is news is just
a click away!
Sticking to a Plan at FastTrac Connections
When FastTrac interviewed John Folkestad
eighteen months ago, he defined success as
setting a goal and implementing a plan to
get there. He said that the key challenge
was to stick to the plan - not abandon it to
change direction.
FastTrac Connections has
all the details on how John and his
staffing company have stuck to their plan
and doubled profits.
When it Comes to Retirement Planning...Keep
It
SIMPLE
By Kathi Kuzo
Being in business for yourself, you know
that your retirement is in nobody's hands
but your own. That's why it's important to
maximize your retirement savings. And,
while your annual IRA contribution is a step
in the right direction, there's no question
you need to do better. Well, now you can
with a SIMPLE IRA.
Click
here to see why a SIMPLE IRA is a plan
you can live with today to help you retire
well tomorrow. |
|
|
