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Success Connection

May 2011

                           Issue XCIII                                May 12, 2011                

"Real success is finding your lifework in the work that you love."

 

David McCullough 

 

 

Featured Workshops for Spring 2011

How to Win SBIR Awards

Equipping entrepreneurs and company top management to WIN SBIR/STTR awards(not just write the proposals). These workshops, designed for researchers and/or high tech companies, those familiar with SBIR/STTR programs and those interested in commercialization of new technology, will be presented by a Nationally recognized SBIR/STTR Expert.

 

The instructor, training media and 100-page workbook will be provided by the SBIR Resource Center®, the nation's leading supplier of business development resources to the SBIR/STTR community. See what past attendees have said about this highly-acclaimed event at http://sbir.us/course/workquot.html 

 

Where: TEK Park, 9999 Hamilton Blvd., Breinigsville, PA 18031

When: May 19, 2011
Cost: $325 early bird pricing through 5/16/11, $375 after 5/16/11

$150 discount if you live or work in PA  


or

 

Where: Chester County Economic Development Counci, 737 Constitution Blvd, Exton, PA 19341

When: June 2, 2011
Cost: $325 early bird pricing

$150 discount if you live or work in PA 

 

Click here for more information about these sessions. 

 

 

Pennsylvania Budget

 

On March 8, 2011, New Pennsylvania Governor Tom Corbett released his proposed budget for fiscal year 2012.  In an effort to keep our stakeholders informed, the Kutztown University SBDC will release editions of our monthly newsletter more frequently over the next few months. 

 

 BUSINESS NOTES

   

Having a Hard Time getting a loan? You're not the only ones...

 

According to an April 4 article, the Kaufmann Foundation, The world's largest longitudinal survey of new businesses identified a marked increase in 2009 in firms being denied bank loans or credit due to tougher lending restrictions - and firms not applying for needed loans because they feared being denied. You can read the rest of this article on how firms are investing in "Intangible assets" here. 


Creative Ways to Stretch Your Marketing Budget

 

  

Innovative ways some business owners are using to stretch their marketing dollars:


Take advantage of technology -
     - Use email instead of direct mail
     - Attend virtual trade shows rather than traveling

Partner with others in your industry to spread the expense and the knowledge

Build your social network by offering free classes at libraries

Take a horizontal marketing approach: Determine your typical client profile and then target this group by identifying a noncompeting business that has that group as customers.

Read more horizontal marketing ideas in this article from Entrepreneur.  

 

Federal Government Small Businesses News  

Small Loan Advantage and Community Advantage 7(a) Loan Initiatives

SBA is committed to expanding access to capital for small businesses and entrepreneurs in underserved communities so that we can help drive economic growth and job creation. In line with that, SBA is rolling out two new initiatives on February 15, 2011, aimed at increasing the number of loans in these communities. For more information on these programs, and to see if you qualify, please read this article.

 

 

Cut in Payroll Taxes will Boost Take-Home Pay for Most Workers

 
Congress recently reached an agreement that cut the Payroll Tax for 2011 from 6.2 percent to 4.2. For more information on how this impacts you, please read this article from the IRS.  
 


-----
 

  Learn about the special tax treatment for expenses incurred before business operations begin.

Business Start-up and Organizational Costs 

Business Start-up Costs

 
From IRS Publication 535 (2008) - Business Expenses   

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"The Child Care Tax Center"    
This link to the IRS Website connects the business owner with tax resources for their child care business. The Child Care Tax Center covers several areas pertinent to running a daycare center.    

 

BUSINESS NOTES

 

 
 
 

Business Planning (Part IV) - Financing the Business & Feasibility Decisions 


This is the fourth and final workshop of the Business Planning Workshop Series that began on April 21. Registration is available for each workshop or for the entire series.

 

Where: Chester County Library, 450 Exton Square Parkway, Exton, PA

When: May 12 from 6:00 to 8:30 p.m.
Cost
: $25.00

For more information, or to register for this session ONLY, click here.

 

 

 

Your Fair $hare: Doing Business with Public Universities  

The event is sponsored by the KU Purchasing Department and developed for small, minority and women owned businesses. Attendees will learn how to: become a PA Department of General Services certified vendor, learn how to do business with the Commonwealth of PA and commonwealth universities, how they can increase and market their business, and how to go about obtaining financing. The Keynote Speaker will be State Senator Pat Brown.

 

Where: The Academic Forum Building, Kutztown University, Kutztown, PA 19530 

When: May 19 from 8:30 a.m. to 3:00 p.m.
Cost
: $0

For more information, or to register for this workshop, please click here. 

 

 

 

Moving Up in State Government Contracting

The Bureau of Minority & Women Business Opportunities is conducting a workshop where small business owners can learn:

·  How to read and understand Request for Proposals (RFPs)

·  How to write effective proposals

·  Find and market your company to Commonwealth agency heads, purchasing agents, and RFP administrators Learn the Do's and Don'ts on becoming a prime contractor for the State.

 

Where: 3211 North Front Street, Suite 201, Harrisburg, 17110 

When: May 24 from 9:00 a.m. to Noon
Cost
: $0

For more information, or to register for this workshop, please click 
here.

 

 

 

SBIR & STTR Program Information Sessions

 

These webinars with simultaneous teleconferences will provide information on the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs to help you determine whether or not these initiatives are right for you.    

 

Where: Webinar with Simultaneous Teleconference 

When: May 10 OR 24, 2011
Cost: $0

  


Click 
here to register for one of these sessions. 

 

 

 

The First Step: How to Start and Operate a Small Business  


If you are in the early stages of thinking about starting a small business, this workshop is for you. In fact, even if you have started your business and are realizing that you missed a few things, this workshop is still right for you.

This workshop will provide an overview of the things you need to know and the skills you need to have to manage a small business. Subjects include: legal and accounting issues, organization, and management. The workshop offers you the opportunity to practice networking with other entrepreneurs. Existing business owners can use this workshop as a "checkup" on their operations. This workshop is presented in partnership with the Small Business Assistance Center.

Where
: Chester County Library, 450 Exton Square Parkway, Exton, PA

When: May 25 from 6:00 to 8:30 p.m.
Cost: $15.00

To register, click here.

 

 

 

The First Step Workshop

 

This live workshop highlights the SBDC process, learning resources, and we will direct you to the SBDC services you need. Some topics covered are:

  • Funding of the SBDC
  • Owning a Small Business
  • Business Structures
  • Legal Issues
  • Business Financing
  • Business Planning

The outcome of the session will be a clear understanding of your next steps to take. REGISTER NOW TO START THE PROCESS -YOUR SUCCESS IS OUR MISSION

 

Where: Berks County Community Foundation Building, 237 Court Street, Reading, PA 19601

When: May 26 from 6:00 to 8:00 p.m.
Cost: Free

To register, click here.

 

 

 

Certification Made Simple

  

This workshop is offered monthly. It guides participants through the application process for state certification as either a Minority or Women Business Enterprise (MBE/WBE). It is presented by Curtis Burwell of the Pennsylvania Department of General Services, Bureau of Minority and Women Business Opportunities (BMWBO).  

 

Where: Harrisburg Regional Chamber & CREDC, 3211 North Front Street, Harrisburg, PA 17110  

When: June 1 or July 6 from 9 a.m. - noon
Cost: $0



To register, click
here. 

 

 

 

Business Planning: A Series of 4 Workshops  

 

The Business Planning Workshop Series contains the following four workshops:

 

June 2 - Business Plan for Success

June 9 - Marketing your Product, Service, and Company

June 16- Financial Management

June 23 - Financing the Business and Feasibility Decisions  

 

Where: Chester County Library, 450 Exton Square Parkway, Exton, PA
When:
June 2, 9, 16, and 23
Cost:
$80 for the series, or $25 for each individual workshop

To register or for more information on the workshops, click here.  

 

 

 

Business Planning (Part I) - Business Plan for Success   

This is the first workshop of the Business Planning Workshop Series that runs through June 23. Registration is available for each workshop or for the entire series.

 

Where: Chester County Library, 450 Exton Square Parkway, Exton, PA

When: June 2 from 6:00 to 8:30 p.m.  Cost: $25.00

 
To register for only this workshop and NOT the entire series, click 
here.

 

 

 

Business Planning (Part II) - Marketing Your Product, Service and Company   

 

This is the second workshop of the Business Planning Workshop Series that begins on June 2 and runs through June 23. Registration is available for each workshop or for the entire series.     

 

Where: Chester County Library, 450 Exton Square Parkway, Exton, PA

When: June 9 from 6:00 to 8:30 p.m.   

Cost: $25.00

For more information, or to register for this session ONLY, click 
here.

 

 

 

Accounting Requirements for Federal Contractors

 

Kevin Grimes explains the role of the Defense Contract Audit Agency (DCAA) and the expectations of a contractor's accounting system. Mr. Grimes is a Compliance Consultant with CFO Leasing, Inc. He has over 10 years of accounting experience and specializes in DCAA compliance and accounting system implementations and migrations. This program is designed to assist business people in establishing an accounting system that will be found acceptable by the federal government. This presentation is recommended for corporate accountants, payroll personnel, and small business owners who perform their own bookkeeping functions.

 

Topics covered include:

 

Segregation of Costs

Unallowable Costs

Direct/Indirect Costs

Allocation Pools

Timekeeping Requirements

Financial Capability Audits and SBA Certificate of Competency

 

Where: CCEDC, 737 Constitution Dr. Exton, PA 19341 

When: June 10 from 9:00 a.m. to noon    

Cost: $0.00

For more information, or to register, please click 
here.

 

 

 

Government Contracting: "Accounting System Requirements and Current Issues" 

 

An intermediate to advanced level seminar that will explore government accounting system requirements, recent regulatory changes/court cases, and how to get equitable price adjustments.  

 

This event is co-sponsored by SEDA-COG, who will handle registration. See the registration form here for more information on how to sign up for this event. 

 

Where: 3211 N. Front St. Suite 201, Harrisburg, PA 17110 

When: June 10 from 1:30 p.m-4:30 p.m.    

Cost: $15.00
   

 

 

 

Thank you for taking time out of your busy schedule to read our newsletter. We appreciate your participation in the KU SBDC community.

 

Sincerely,


Ernie Post, Director
Kutztown University Small Business Development Center