ASU Small Business Development Center Newsletter
SMALL BUSINESS NEWS
ASU-SBDC NEWSLETTER  
 December 2010
Greetings!

Is your New Year's resolution to start a new business? Or increase profits? Or improve your bookkeeping system? If so, the ASU-SBDC is here to help! Our services range from marketing, to financing, to HR issues, and everywhere in between. Whether it's attending a business training seminar or meeting with an advisor, get the help you need to make your goals a reality. Get a head start by attending one of the many seminars we will be holding this month!

Have you wanted to attend a seminar in the past but the time or day didn't fit with your schedule? You may be excited to learn that the ASU-SBDC can provide personalized training either at our training room or an off site location. All you need to do is e-mail or call us and let us know what your needs are. Do your employees need some customer service training? Does your management team need some training on social media marketing? If the seminar is or has been on our schedule, call us to see if we can organize a training event just for you.

As Christmas draws near I hope you are able to fully enjoy the holiday season. Improve employee morale by holding a festive holiday party, a secret santa in the office, or organize your employees to give back to the community by holding a food drive or a volunteer day.

From all of us here at the ASU-SBDC, "Merry Christmas and Happy New Year!"

Sincerely,
Jessica Lambert
ASU-SBDC Training Coordinator
jessica.lambert@angelo.edu
IN THIS ISSUE
TOP SMALL BUSINESS NEWS
TRAINING UPDATE
BUSINESS TIPS
SUCCESS STORY
 
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ASU-SBDC
Contact Us!
Advising Services: (325) 942-2098
Training Services: (325) 942-2019
 
Website:
www.sbdc.angelo.edu

Proudly serving the small businesses of San Angelo and the Concho Valley for over 20 years.
TOP SMALL BUSINESS NEWS
 
LETTER FROM THE SBA ADMINISTRATOR: 1099 REPORTING PAPERWORK REQUIREMENTS MAY BE REDUCED
"Dear Small Business Owner, I'm writing to update you on the progress that we have made regarding concerns stemming from the expanded 1099 reporting requirement in the Affordable Care Act, which could affect small businesses starting with 2012 purchases and 2013 filings." Read the entire 1099 Letter

ONLINE TRAINING MODULES - FREE! TAKE ADVANTAGE!
Did you know that in addition to our classroom business training, we provide online training as well? It's easy to access. Visit the online training page now. You can also find this link on the right hand side of the ASU-SBDC homepage. It's easy to register for the courses and they're completely free. You can take them any time of day!

Online Training Topics:
  • Starting Your Business
    • Analyzing Your Competition
    • Business Planning
    • Creating a Competitive Advantage
    • Identifying Your Target Market
    • Legal Structure
    • Maintaining an Agile Company
    • Market Analysis
    • Patent Copy Trade
    • Strategic Plan
  • Government Contracting
    • Get Started in Government Contracting
    • Technical Proposals
    • Cost Proposal
  • Managing Your Finances
    • Assessing Financial Needs
    • Balance Sheet
    • Cash Budget
    • Cash Flow
    • Contracts
    • Partners and Investors
    • Pricing
    • Profit and Loss
    • Profitability
    • Ratios
    • Valuing a Business
  • Foundations of Marketing
    • Advertising Your Business
    • Building Your Brand
    • Building Your Website
    • Personalization
    • Promoting Your Business
    • Sales Strategy
    • GET STARTED TODAY!
    • 

YEAR END TAX STRATEGIES FOR SMALL-BUSINESS OWNERS

TAX TIPS TO KEEP MORE OF YOUR PROFIT IN YOUR POCKET

11/24/2010 - According to a Market Watch (part of the Wall Street Journal) article, there are many steps that a small business owner can take to maximize their tax return. Some of those tips include maximizing start-up deductions, special carry-back rules, making year-end purchases, hiring now to receive credits, and making sure that you're taking advantage of all credits owed to you. Read the entire article here to get the details...


TRAINING UPDATE

 
October-January Seminar BrochureView the entire OCT-JAN schedule HERE 

DECEMBER SEMINARS:

12/2/2010
Essentials of Starting a New Business
6 p.m. - 8:30 p.m. / Rassman 100 / FREE

12/7/2010
Marketing 101
6 p.m. - 8:30 p.m. / Rassman 100 / $10*

12/8/2010
How to Write Your Business Plan
2 p.m. - 4:30 p.m. / Rassman 100 / FREE

12/9/2010
LUNCH & LEARN SERIES
Topic: Non-Bank Loan Programs for Small Businesses
Where: Chamber Riverview Room
11:45 a.m. - 1 p.m.
Cost: FREE!
RSVP: (325) 655-4136
View Flyer

12/9/2010
How to Improve Your Customer Service
6 p.m. - 8:30 p.m. / Rassman 100 / $10

12/14/2010
Advanced Marketing
6 p.m. - 8:30 p.m. / Rassman 100 / $10

12/15/2010
Business Plan Financials
2 p.m. - 4:30 p.m. / Rassman 100 / FREE



REGISTRATION IS REQUIRED. SEATING IS LIMITED.
REGISTER ONLINE: http://utsa.ecenterdirect.com/Conferences.action?CenterID=40
REGISTER BY PHONE: 325-942-2019 OR 325-942-2098
*Payments are collected at the door by CA/CK/CC. Please make checks payable to "ASU-SBDC"
Register Online
BUSINESS TIPS ARTICLES
Standard TimesEach week, a member of the ASU-SBDC staff submits a Business Tips article for the San Angelo Standard Times business section. (Articles published Mondays). You can also find them here each month.

 

PROMOTE YOUR BRAND THROUGH FACEBOOK

Jessica Lambert

When starting out on Facebook, it takes time to grow your business' page, and it takes work to engage your fans. Facebook users want something more than an average website can provide since they are looking to engage in conversation, share their opinions and be heard... Here are some helpful tips for developing your Facebook page and content.

 

ASU OFFERS MULTITUDE OF TIPS FOR PROSPERITY

Peggy Hodges

Research, Research, Research! You'll be dazzled by the amount of research information you have access to just by asking. And the person you need to ask is your Small Business Development Specialist at Angelo State University.

As SBDC advisers, we have access to information, which can help guide business clients as you work to determine the best decisions for your company.

 

POSITIVITY, HONESTY PROMOTE PROSPERITY

Pedro Ramirez

When asked what type of marketing works best for small business owners, the vast majority I have spoken to usually say word of mouth advertising. It is one of the most powerful tools in selling your business to potential customers; but what is word-of-mouth and how can small business owners use it effectively?

 

POSITIVE MORALE BOOSTS PROFITS

Cindy Hartin

As a business owner have you considered that if your employees are happy, your business would be more successful?

In a recent study by Hewitt Associates, a global human resources consulting and outsourcing company, found that employees are experiencing more fatigue on the job, because of economic stress and uncertainty in their jobs. As a result, financial performance of many businesses is suffering.

FEATURED SUCCESS STORY
Shane Criswell, Dipsticks Tire & LubeDIPSTICKS TIRE & LUBE, SHANE CRISWELL
Featured on our website: www.sbdc.angelo.edu

By Peggy Hodges

If the front end of your vehicle is out of alignment, residents of Mason, Texas and surrounding areas can now have it aligned at Dipsticks Tire & Lube, Mason, Texas. Owner, Shane Criswell, purchased a new front-end alignment machine with the assistance of the Angelo State University - Small Business Development office.  Rural Business Advisor, Peggy Hodges, worked with Shane and his wife, Misty, with the loan application process.

Shane tells the story, "I needed an alignment machine and went to the bank for a small business loan.  My banker gave me information about a grant (opportunity) from the Federal Home Loan Bank.  He put me in contact with the SBDC and they put me in contact with Peggy Hodges.  She began to work with us via phone and email.  We worked together through the process of building a business plan and later we achieved the goal of our loan (and grant combination)."

With the funding for the front-end alignment machine secured, the equipment was delivered and set up.  The use of this machine helped retain three jobs and created a half-time position.  All this contributes to the economic base of Mason.

"A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large." -- Henry Ford

Angelo State University SBDC
www.sbdc.angelo.edu - Training: (325) 942-2019 - Advising: (325) 942-2098
Mailing Address: ASU Station #10910, San Angelo, TX 76909
Office Location: Rassman Room 100, 2222 Dena Dr., San Angelo, TX 76909

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