services offered to existing businesses property of il sbdc at black hawk college updated 2014.07.01
TRANSCRIPT
Services Offered to Existing Businesses
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
80% of Issues are about $• Need an infusion of capital• More sales• Less costs• How do I sell (transition) out
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
“Can I get a grant …
• General rule – Probably NOT!• However ….
. There are some exceptions give me a call to find out
309.796.5710
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
“Can I get a loan …
• General rule – Probably!• However ….
. We have some “tricks up our sleeves” to help with:
- negotiating terms
- setting the table for “YES”
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
“Can I get a loan …
• However ….
. Sometimes the answer is going to be NO or Not yet!
I can help with strategies to get those answers to a YES.
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
More sales or less costs?
• Which is more important?
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
More sales or less costs?
• Yes – BOTH• Taking care of both results in a
3%-6% increase in bottom line results (on the average)
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
DCEO Road Map to Success
• Strengthen the state's ongoing business attraction, retention and support initiatives
• Promote economic development on a regional level
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
DCEO Road Map to Success
• Develop an increasingly competitive workforce
• Increase fairness and opportunity for distressed communities and the unemployed
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
DCEO Road Map to Success
• Make Illinois a top destination for entrepreneurs
• Implement a comprehensive statewide strategy to drive innovation
• Modernize and revitalize our infrastructure
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
$$ Resources $$
Yourself, Friends, Family
Banks or Lenders
Community Programs
SBA Loan Programs
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
Illinois Small Business Development Center
at Black Hawk College
• Small Business Certificate Program – 5 Saturdays (morning session + Lunch + afternoon session)
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
Illinois Small Business Development Center
at Black Hawk College
• Quick Books Class – 3 Saturday mornings
• One-on-one value-added advising services to IL businesses at “no out of pocket cost”
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
Questions
Joel E. Youngs, Director
IL Small Business Development Center
309-796.5710 [email protected]
Joel Youngs@QCSmallBusiness
Property of IL SBDC at Black Hawk College
Updated 2014.07.01
Thank you
“Services Offered to Existing Businesses”
Illinois Small Business Development Center
At Black Hawk College
Property of IL SBDC at Black Hawk College
Updated 2014.07.01