International Trade, Imports / Exports

Importance of Cash Management in a Small Business

Summary

Learn why Cash Management is critical to Small Business success

Workshop Poster 2nd. qtr. 2015

Jeff Durham

Jeff Durham

Current City: Noblesville, IN

Expert in helping NEW entrepreneurs streamline their startup process while minimizing RISK and maximizing SUCCESS.  LEAN STARTUP Specialist.  Expert assisting EXISTING business owners grow revenues & cash-flow, improve operational efficiency, strategic acquisitions, and exit strategy.  I've owned over 6 businesses and would be privileged to share proven processes with you!  I've been in your shoes and understand your excitement and desire to make sure you are taking the right steps.

Butler University Bulldog fan by chance?  I previously served as a professor in the Entrepreneur & Innovation department and currently work as a Business Coach in same.  I started my first business in 1996. While it wasn't started the right way, I sure learned alot!...ALOT about what I should've done and wouldn't do again!  Since that first experience, I've been blessed to own businesses with retail sales volume in excess of $30,000,000 involving Retail, Service, Wholesale, Importing, International Business, Ecommerce, Distribution, Sales, Marketing, Operations, Staffing, Financial, Product Development, Sales Reps, Tradeshows, Exit Strategy, Selling/Buying Business and EVERYTHING involved in small business. 

I look at my job as a coach and mentor...guiding you along using best-practices in order to help you achieve your GOALS & DREAMS while avoiding expensive mistakes!

 


BACKGROUND

Business Coach/Adjunct Professor, Real Business Experience Program

2013-Present, Butler University, Indianapolis, IN

The Real Business Experience is an innovative program at Butler where students form teams, create a business idea, apply for funding (to a group of real business executives) - and if they receive funding, start and run their real business.

Teach (September –December 2013), led, coach and engage 25 students per semester in learning how to create a small business model and actually turn that model into a for profit business.

Owner, President       

2011-Present, Business Brokers & Consultants of Indianapolis, Noblesville, IN

Business Brokers actively seeks to acquire engagements with business owners looking to sell their business, and  entrepreneurs wishing to purchase a business.  

Provide expert guidance on valuation, marketing a business, along with all the elements of good management.

In demand to provide small business consulting on strategies such as growth, vision, scaling, marketing, partner issues, online marketing and exit strategies.

Founder & Senior Mentor Volunteer

2011-Present, Business Mentor Program of Central Indiana, Noblesville, IN

Not-For-Profit program that connects first-time Indianapolis area entrepreneurs with volunteer business mentors that provide expertise and guidance using lean start-up best practices.

Consult with business owners on strategies necessary in order for their business to become profitable, as well as craft strategies to ramp up and significantly grow the business while remaining profitable. 

Founder & Senior Turnaround Specialist Volunteer  

2012-Present, Help For My Business Program, Noblesville, IN

Not-For-Profit program that provides business turnaround best practices to struggling small business owners.

Provide consulting to turn around high potential or once profitable businesses including root cause analysis of problems, and strategies to renovate finance, sales & marketing, operations, processes, supply chain, market penetration, advertising, staffing, and budgeting.

Board of Directors     

2010-Present, Starfish Missions, Louisville, KY

Starfish Missions is a faith-based, nonprofit organization that partners with Christian churches in the Dominican Republic, providing underprivileged children with educational opportunities and school supplies.

Provide guidance to the CEO regarding strategy, growth, cash management, logistics, volunteers and interns.

Owner, General Manager       

2001-2012, Harvest Scents & Traders, Indianapolis, IN

HST was acquired by Wholesale Home Décor in 2012 and imports quality and innovative home décor and giftware products to retailers, wholesalers and craft partners.

Built this business from the ground up to a $5 million business with gross margins of 65%+.

Managed all aspects of the business including sales & marketing, advertising, website/SEO, and product development.

Traveled and sourced large volumes of goods from Asia, and utilizing Chinese agents and interpreters, negotiated pricing and logistics; traveled extensively to trade shows in the United States to develop customer relationships.  

Owner, General Manager       

1996-2001, The Golden Quill, Carmel, IN

The Golden Quill started as a home décor retailer and was the forerunner of Harvest Scents & Traders. 

Founded this firm growing revenue to over $400,000; discovered a lack of wholesalers to serve the many retailers and wound down this business to concentrate on founding a wholesale business.

Owner, General Manager       

1996-2001, NuTan Indianapolis, IN

NuTan was a retail tanning salon & gift shop.

Bought, operated and sold this business after doubling sales to $125,000.

Stockbroker, Investment Consultant, Sales Manager & Trust Portfolio Manager    

1992-1996, Smith Barney, Banc One Securities, Huntington Investment Co & First National Bank

The original Smith Barney, a well known securities firm, is now part of Morgan Stanley Wealth Management.

Acquired and managed assets of high net worth clients, corporations and municipalities in excess of $40 million.

Sold by cold calling, direct sales, referrals and seminars while consistently reaching client objectives for wealth investment growth & income.

Resume

Education

MBA, Business Administration, Western Governors University

BA, Business Administration, Hanover College

Ask SCORE

            I recently opened a sports memorabilia shop and now want to add an online component to sell my merchandise via the Internet. I plan to hire someone to design my website, but am looking for advice to provide that person with guidance and direction

           Nearly every small business has a website today…and no wonder. A 2011 Pew Internet study found that nearly half of all searches for local businesses are conducted online (newspapers finished a distant second). And usually, a company’s website is the first place prospective customers go when those search engine results come up.

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

Navigating Shipping Costs - Finding the Right Mix for Your Business

Summary

Whether you’re an online seller or a brick-and-mortar retailer, if you’re shipping goods to consumers and don’t know how and when to choose the most affordable shipping carriers for your business, you could be losing money. 

This webinar will help you determine the most efficient and cost-effective mix of shipping carriers to help your business grow. It will discuss:

Henri Pierre Salle

Henri Pierre Salle

Current City: Dennis, MA
Chapter: Cape Cod SCORE

Expert in Start up Business and very knowledgeable in General Management Operations.

Career emphasis - sales, sales management, marketing director, general management of business operations and service on for profit and non-profit Boards of Directors. Three successful startup businesses (B2B), 9 years board Chair/President non-profit national trade association, 41 [30 P&L responsibility] years domestic/international business sales and operations management.

1- International and US Standards Certification and certification consulting for virtually all types of business seeking competitive advantage or compliance. ISO 9001, 14001, 50001, AS9100, TL9000, TS16949, OHSAS 18001, etc.

2- General Management Operations for service industries including human resources, everyday management activities, P & L critical operations focus

3- START-UP - knowledge of fundamental issues that need to be addressed in any new business, how to assess the potential for success

4- Board of Directors - Profit/Non-profit operations and activities

5- Business Planning creation and execution management, including Strategic, Marketing, Sales, Human Resource, and Operations plans in particular for service industries.

Resume

Education

MBA – Management/Finance: University of Texas-State System, Houston, Texas

BS – Chemical Engineering: Lafayette College, Easton, Pennsylvania

Ask SCORE

            I’ve operated a local convenience store for almost seven years, never taking off more than an occasional weekend or holiday. Every time I plan a vacation, something comes up. How do I break this pattern before I burn out?

Ask SCORE

            I’ve operated a local convenience store for almost seven years, never taking off more than an occasional weekend or holiday. Every time I plan a vacation, something comes up. How do I break this pattern before I burn out?

 

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.

This document walks you thru the steps for starting a for profit business in Southwest Michigan.  It includes URL's for the various websites you will want to visit. While a few of the the items are specific to Berrien County, most of the  information applies to any part of Michigan

Douglas Allen

Douglas Allen

Current City: Adamstown, MD
Chapter: SCORE Frederick

Decisive, objective and pragmatic strategic planning and business development executive with strong market due diligence, business plan development and partnership negotiation experience.  Versed in drafting and implementing initiatives to successfully identify and capture new market opportunities, promote new and existing products and services, and foster long-term growth with sustainable revenues.

Resume

Education

Bachelor of Science; The American University, Washington, DC

Dr. Alan Roy Millner

Alan Millner

Dr. Alan Roy Millner

Current City: Lexington, MA
Chapter: Boston SCORE

Alan Millner is an electrical engineer, with experience in power electronics, solar energy systems, electric vehicles, and medical devices. His business experience includes small business startup and sale, product development, and product strategy. He earned his BSEE, MSEE, and PhD from MIT. After working at MIT Lincoln Laboratory on spacecraft and solar energy systems, he co-founded a solar system company in 1979. After sale of the company, he left it in 1985 to serve as an engineering manager in a series of small and medium sized businesses, which included both industrial power electronics and medical devices. In 2009 he returned to MIT Lincoln Lab where he now works part time as energy systems technical staff.

Resume

Education

<p>
BSEE, MSEE, and PhS in Electrical Engineering from MIT.</p>

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