Women Entrepreneurs

This is one of the 6 most current Biz Talk articles written by Certified Mentor Bill McCabe and published in the Charlotte County Florida Sunpapers twice per month.

Mobile Payment Services.   Provides a review of various mobile payment services and the pros and cons of each.

Ask SCORE

          A friend and I are considering becoming partners in purchasing an existing, somewhat successful hobby shop. I’ve known him a long time, but we’ve never been in business together. What is your opinion of partnerships?  

          The partnership has been the foundation for millions of successful small businesses. Unfortunately, it has also been the source for innumerable disputes, arguments, irreparable relationships and lawsuits, all of which exacted economic and personal costs on the people involved.

About the Author

          This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.  

Creative Cottage

Owner/Founder
Michelle Landry
My Location
2 Wasserman Hights
Merrimack NH 03054
United States
My Successes

Creative Cottage - NH Winner of The American Small Business Championship

SCORE, mentors to America’s small businesses, recently announced the winners of The American Small Business Championship, a program supported by Sam’s Club that provides expert training, resources and networking opportunities to small business owners. A total of 102 winners from 47 states were chosen based on written, video and photo entries that detailed the sacrifices each has made to achieve small business success. Winners were determined by online voting and a panel of judges comprised of small business experts.

Creative Cottage in Merrimack won the award for New Hampshire. Thanks to a $700,000 grant from Sam’s Club, Champions will each receive a $1,000 Sam's Club gift card, an all-expense-paid trip to one of five SCORE training events, SCORE mentoring for one year, and promotion throughout the year to showcase each Champion’s story.

Creative Cottage reproduces the world around us in miniature using polymer clay and other natural materials. Founder, Michelle Landry notes, “I've been creating my own miniature worlds as long as I can remember. Growing up, I spent hours in the woods near my rural home in Connecticut looking for gnomes and critters. That wonder and curiosity has stayed with me my whole life and is reflected in my artwork, gardening, photography and attention to detail.”

Landry applied to SCORE in 2014 for mentoring to assist in growing the business. She was matched with mentor Ron Weiss, a member of SCORE’s Merrimack Valley Chapter. According to Landry, “Ron was instrumental in helping me focus on the business side as opposed to the creative side of Creative Cottage. He gave me homework, kept me on track and helped me focus my time on things that needed doing to attain my goals.”

The partnership has reaped results in that Landry has seen month-over-month increases in revenue after their initial sessions. And mentoring continues on a less frequent basis, with Ron checking in periodically and handing out homework assignments when necessary.

For more information about how SCORE can assist small businesses grow and help grow ideas into businesses, go to merrimackvalley.score.org. For information on Creative Cottage and its range of miniatures, visit creativecottagenh.com 

What is a Business Team and why should you have one in place. This article also discusses what to consider when selecting members of your business team.

Do You Have a Business Team?

You might ask, “What is a Business Team?” A Business Team is the core group of professionals to whom every business must have access. It includes an attorney, accountant, banker and insurance agent. It is this team that helps you

Importance of Cash Management in a Small Business

Summary

Learn why Cash Management is critical to Small Business success

Creative Cottage - NH Winner of The American Small Business Championship

Date
Sat, 2015-03-28 12:29

SCORE, mentors to America’s small businesses, recently announced the winners of The American Small Business Championship, a program supported by Sam’s Club that provides expert training, resources and networking opportunities to small business owners. A total of 102 winners from 47 states were chosen based on written, video and photo entries that detailed the sacrifices each has made to achieve small business success. Winners were determined by online voting and a panel of judges comprised of small business experts.

SCORE, mentors to America’s small businesses, recently announced the winners of The American Small Business Championship, a program supported by Sam’s Club.  

Creative Cottage in Merrimack won the award for New Hampshire.

Creative Cottage - NH Winner of The American Small Business Championship

2015 Payment Alternatives When You Owe the IRS

Date
Sat, 2015-03-14 08:19

During this free webinar, IRS personnel will provide an overview of the prerequisites to Collection case resolution, Online Payment Agreements, Collection Information Statements and selling or refinancing property when there is a tax lien.  The webinar will also include a live question and answer session with IRS subject matter experts.  

 

T3 Scientific, LLC

Problem: Many companies, universities and governmental agencies need gases or other materials in their research and production operations. However, separating that specific material is energy intensive and, in many cases, very expensive.

Challenge:  Develop a reliable, energy-efficient and cost-effective way to separate the needed materials from other components and to do so in a way that meets purity specifications.          

Solution:  With an understanding that an enormous market exists for separation processes, Dr. Andy Tsai and his wife Dr. Siu-Yue Tam started T3 Scientific in 2004. They developed more innovative ways to separate hydrogen, carbon dioxide and other materials that were required in both production and laboratory fields.

Owner/Founder
Dr. Andy Tsai and Dr. Siu-Yue Tam
My Location
1630 91st Avenue NE, Suite 101
Blaine MN 55449
United States
My Successes

Business Description: T3 Scientific has their office/lab in Blaine Minnesota. Their primary business is membrane separation technology. They are currently collaborating with small and large businesses as well as universities on projects to develop new and more innovative membrane separation technologies.

Grants/Awards: T3 Scientific has been awarded eleven separate governmental grants for their cutting-edge technologies. Even before the formation of the company, their patented membrane technology was named one of the major breakthroughs in research by Euromembrane. More recently, the company was awarded the prestigious Tekne Award for 2014 in the Advanced Manufacturing category.

The Future:  The long-range goal is to continue to expand the business with their new products and to develop new innovations in separation technologies.

What's Great About My Mentor?

“SCORE makes high quality business advice available to small businesses like ours. Bob’s advice has been instrumental in our decision making.” – Dr. Siu-Yue Tam, Co-Owner.

How SCORE Helped

SCORE’s Involvement:  After a few years in business, Andy and Siu-Yue realized that they had certain questions related to business in general. They learned that SCORE provided free business assistance and decided to contact the St. Paul chapter. Bob Reid, who has a Chemical Engineering education and a background in technical consulting, was assigned as their mentor. Bob was able to answer their business questions and assist with editing grant proposals.

See the PDF file for this Success Story.

Workshop Poster 2nd. qtr. 2015

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