Tag: phoenix small business

Veterans Small Business Week 31 Oct

Boots to Business: SBA Celebrates Veterans Small Business Week

The Small Business Administration (SBA) has a “Transition Mission” – special programs for Veterans who are transitioning back to civilian life to help them start their own businesses. It’s called “Boots to Business”. And the week of Oct. 31st – Nov. 4th is National Veterans Small Business Week.

Here’s the video story of a Navy sailor and his wife who took advantage of the SBA and SCORE to start Brewery.

He took a hobby and turned it into a business. But he didn’t wait till he was out of the Navy, he started while still on active duty.

“It’s takes a year, 2 years, 3 years to get a business started. So, don’t wait till your retirement party to start figuring out what you’re going to next.”

The SBA has several online sources and there’s a special free event at the SBDC:

#MyVetBiz: Phoenix Boots to Business- REBOOT
Monday, November 7, 2016 – 8:30 am
GateWay Community College
108 N. 40th St. South Building
Phoenix, AZ 85004

Boots to Business: Reboot is an entrepreneurial education program offered to veterans by the U.S. Small Business Administration in partnership with the Institute for Veterans and Military Families at Syracuse University (IVMF). The program provides assistance to veterans exploring self-employment opportunities by leading them through the key steps for evaluating business concepts and the foundational knowledge required for developing a business plan. Participants are also introduced to SBA resources available to help access start-up capital and additional technical assistance. Who: All honorably discharged veterans and their spouses are eligible for the program and can register for the free two-day workshop. Registration required click website link above.

Many of the SCORE mentors are Veterans and their mentoring is absolutely free! Click here to schedule a free mentoring session with a mentor in a location in the Greater Phoenix Valley.

Also, check out the Southwest Veterans Chamber of Commerce.

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How to start a business in 10 days. 24 Oct

How to Start a Business in 10 Days

What! Start a business in 10 days?!

Yes it can be done! However, you really have to be motivated to start a business.

Follow these steps from Entrepreneur Magazine and in 10 days you can have a business running.

(Whether you quit your day job right away, is up to you.)

Here’s a rundown of the steps to start a business:

  1. Create a business plan – whether on a napkin or complex software write it down!
  2. Study the market – define your target market, do some research on them and the industry.
  3. Build your brand – it’s more than just a logo!
  4. Incorporate (make it legal) – at least create an LLC to protect yourself. (No lawyer needed)
  5. Set up a lean machine – keep costs down initially
  6. Tell everyone you’re in business and have something unique to offer – spread the word!
  7. Work the media – and not just print and broadcast.
  8. Fake it to make it – think BIG!
  9. Work on your business – focus on income generating tasks
  10. Party, thank everyone and get feedback

But even BEFORE creating a business plan, attend one of the workshops/seminars that Greater Phoenix SCORE has to offer. Click here for the schedule.


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How to Start a Business with No Money 8 Aug

How to Start a Business with No Money

By David Spindell, Certified SCORE Business Mentor

How to Start a Business with No MoneyI was born in Brooklyn, New York. My neighborhood was the slum of Brooklyn. In my school they were trying a new system of education. They were going to let the students learn at their own pace — in other words, not to follow any school curriculum. I was learning how to go from writing print to script.

We moved to a new neighborhood and a new school. The students were reading a book a week, and doing a book report. I became the dumbest student in the school. I had to work extra hard to move ahead in life. My father was a Local 3 Union electrician. So I got into the union because it was a father and son union.

Life was extra hard for me. I was saved by my business smarts. Which I want to share with you.

I was a successful electrical contractor who ran a multi-million dollar electrical company for 35 years. I’ve had a plumbing business, a bar, a bagel store, a jewelry store and a pawn shop. I am a very diversified entrepreneur.

I was very lucky to learn all bout business, from my first partner and I want to share with you what he shared with me that made me very successful ,

And show you where you can find a partner like I had. I want to teach you how you will know to find the right answers to all your business questions. I want to give you the confidence, to know that you can be successful at any business you go in to.

You are a very bright person, you can over come any obstacle. From my experience you will learn all you need to know to become successful.

I will teach you:

  • How to find a business
  • How to fund a business
  • How to run a business
  • How to start a business with very little money,even no money
  • How to go from the dumbest student to the smartest
  • How a billionaire made all his money with out paying any taxes – Legally
  • How to get a amazing partner like I did
  • How to do the right thing
  • How to continue your success

Confidence is the key to becoming a successful entrepreneur. If you have the confidence nothing can stop you. You know how to handle any situation that could come up. I want to give you the confidence. And watch you grow into the business giant you could be.

If you want to run your own business you have to look at the good:

  • You control your own destiny
  • You can make a lot of money.
  • You are respected by your peers.
  • You have full control if your life.
  • You can help others

Hopefully, you will become a very confident human being!

Sign up for David’s class on August 18, 2016, $25.



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ESOP is an acronym for Employee Stock Ownership Plan. 25 Jan

ESOP Surprises

ESOPBusiness owners spend their life growing the family business, but their wealth is locked up in their business and the owner isn’t able to enjoy the fruits of his labor.

An ESOP will allow him to sell part or all of the company, providing liquidity and diversification of his wealth while still remaining in control of the company. Yes, the owner can sell his company to an ESOP and keep control along with his salary, benefits and perks as long as he wishes.

A sale can be completed in as little as 60 to 90 days , and the capital gains tax can be deferred or eliminated entirely through an installment sale or by utilizing section 1042 of the tax code.

An ESOP can increase the after tax-proceeds and can provide a guaranteed investment return. An owner can pay the capital gains taxes in installments over many years, and earn interest on the money that would otherwise have been paid in taxes.

An asset sale can result in double taxes, and legal title to many of the assets such as leases, contracts, agreements, etc. must be individually valued and transferred. A sale to an ESOP will always be a stock sale, and is the most cash and tax efficient method of transitioning ownership of a business. It will simplify the process and will greatly increase the after tax proceeds.

Most advisors don’t understand ESOPs so they don’t recommend them.

They are usually salesmen who have their own agenda since their livelihood depends on the commissions and fees they can earn from selling their products, or providing their services.

Even the large ESOP facilitators have their own agenda. They are big banks and investment companies who promote C Corporation ESOPs that require multi-million dollar bank loans and multi-million dollar investment purchases.

A seller can obtain even greater benefits through an S Corp ESOP without the large bank loans and restrictive covenants. And he can earn the interest instead of the banks.

And he doesn’t have to lock his proceeds up in a stagnant investment portfolio for the next 20 or 30 years. He can defer the capital gains tax by utilizing a section 453 installment sale rather than a 1042 rollover and doesn’t have to sell 30% of the company to get tax deferral

You will be surprised at what your present advisors don’t know, or are not telling you.

And here is the biggest surprise of all. Uncle Sam will pay all the costs.

The check will be written by the company being sold, and Uncle Sam will provide the cash through tax deductions. The net cost to the owner can be ZERO.

About the Author:

Harold LubbockHarold Lubbock has had an exciting 65 year career in Financial Planning and Consultation from coast to coast across Canada and the United States, and around the world. He’s been an actuary, insurance salesman, investment dealer, financial consultant, estate planner, real estate broker and business broker over the years. President of two public companies, and the CFO of a third and  a founding shareholder of two banks, and three Life Insurance Companies, and Managing Director of a Merchant Bank. Involved in the valuation, purchase and sale of hundreds of businesses, ranging from small proprietorships to multi-million dollar public companies, he’s now semi-retired and living in Arizona.

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7 Secrets of Wildly Successful Entrepreneurs 5 Oct

7 Secrets of Wildly Successful Entrepreneurs

What made you start a business? There had to be a passion, vision or idea. Starting a business is only the first step. Maintaining and growing it are where many entrepreneurs struggle and sometimes fail.

In this video, Derek Halpern of Social Triggers explains the 7 Secrets of Wildly Successful Entrepreneurs.

  1. Have a thick skin
  2. Cut the line
  3. Focus on high-value work
  4. The buck stops with you
  5. Climb the right ladder
  6. What got you here, won’t get you there
  7. Zig when others Zag

Check out the upcoming Phoenix SCORE Classes for entrepreneurs. The next 5 seminars are listed on the left column of this page, but if you don’t see what you need, click here for the full list and search for either marketing, business plans, etc. to find a local seminar. National SCORE also offers free online webinars, check those out here. They also have free tools and templates.


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SCORE Success Story: AZ Social Media Wiz

I have a unique relationship with Greater Phoenix SCORE. I am a volunteer as I manage their social media and teach a workshop at least once a month. I’m also a vendor – they pay me monthly to manage this very blog site and to send out the weekly email newsletter and email promotions for their seminars. But I wouldn’t be where I am today, with out the free mentoring. And since I spend so much time there, I get to pick their brains every whenever I have a question.

I’ve been doing Internet marketing in one form or another since 1995. I moved to Phoenix 10 years ago and was working in various sales and marketing jobs till September 2008 when I got laid off. I was unemployed for 2 years. When I lost my job, I started a blog, “Internet Marketing Tips” and became active on LinkedIn. Those two efforts got me a job doing online marketing and events for a financial planner. I got laid off after a year and I saw it as a blessing in disguise. Having learned all about blogging and social media marketing on-the-job, I gave a presentation on blogging and Twitter for a group of writers and I saw that there was a huge opportunity training small business owners, over 40, on how to use social media marketing to promote themselves.

SCORE Success Story: AZ Social Media WizHence, I took the leap of faith and started AZ Social Media Wiz, providing 1:1 training, set-ups, strategic plans and implementation. I went first to the AZ Small Business Development Council (AZSBDC) (a sister organization to SCORE) to get help with my business plan.

I first encountered SCORE at a NetworkingPhoenix.com event and asked them, “who do I need to talk to about holding classes for SCORE.” That started it. My first class was a joint seminar with SCORE and the Ahwatukee Chamber of Commerce.

I was about 3 months into my start-up when I attended the free SCORE’s ABCs of Starting a New Business at the Phoenix Public Library that they present every first Saturday. (You can see their schedule here.)

A few months later, I was contacted by Scott Schreiber, now retired, about writing a couple of blog posts a month. In the summer of 2013, Scott asked me to help promote their upcoming Symposium on social media. I informed him that you can’t just start doing social media and stop after an event. People will think you fell of the face of the earth. It’s an on-going effort. That’s how I became a volunteer managing their social media. (My post, “11 LinkedIn Reputation Killers“, is the most popular post in their blog!)

Besides doing the 1:1 training and providing the social media services, I thought of recording training videos and offering them online. The challenge is that social media changes constantly and as soon as something is published — book or video — it’s obsolete. The other challenge was taking the time to record the videos. I remodeled my business plan in attempts to get some funding so I can take 3 months off to record the videos. I met with several SCORE mentors, Rod Houston, Andy Beran regarding my “pitch” for an Indigogo crowdfunding campaign and I also picked the brain of Tom FitzSimons when I thought of bringing on a business partner.

My problem – no collateral and lousy credit history. Crowdfunding didn’t work for me.

I ditched the video idea and decided to hold more local classes for the Phoenix-area entrepreneurs. I searched for the right space, rented a room at a computer school for a while, but I felt the best way to go was to find my own retail space. Problem came back to: no funding.

At the annual SCORE volunteer appreciation dinner, I sat next to Mike Levy. Not wanting to miss the opportunity of picking his brain, I started, “I’ve been growing my business with just the income – no funding or investors.”

SCORE Success Story: AZ Social Media Wiz“You’ve been bootstrapping,” he said.

“Yes, I want to open a training center in a retail location, but I have to buy tables, chairs and equipment. Any ideas?”

He said, “Try ACCION. They’re here in the Southwest and they help minority business owners with loans – and you cover 2 minority – Hispanic woman.”

I ran with it. The next day, I applied and I got an $8,000 loan. The SCORE dinner was a Wednesday night, the money was in my bank account Friday. Wow!

July 28, 2015, I signed a lease for a 1250 sq. ft. space in North Phoenix and opened the AZ Social Media Wiz Training Center. It’s a dream come true!

If you’re a business, no matter what stage you’re in: just thinking about it, starting-up, growing or established, you can benefit from either the free mentoring sessions and/or the local workshops and even online webinars! They also have free templates and tools to help you put together your business and marketing plans, budget, financial statements, etc.

Thank you, SCORE for all your continued help! Oh, and you’ll all get an invite to the grand opening!

Giselle Aguiar
Owner, AZ Social Media Wiz

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