EntreNews

                                                                                                                                                                                      Issue 1

EntreNews  Your briefing on entrepreneurship in the news.

In This Issue
No More Procrastinating: Start Now!
Tips to Start-up for Less Than $150
FREE Crash Course on Starting a Business
Local Dancer Returns Home As Entrepreneur
Dear Entrepreneur,
 
Welcome to the first edition of EntreNews from EntrePaducah!  You have received ISSUE 1 of EntreNews because you have been involved with EntrePaducah in some way over past 2 years. 

Supporting entrepreneurs is what we do, so we have created another service to do just that.   EntreNews is a summary of news stories of interest to entrepreneurs and small business owners.  You'll find a direct link to local and national stories, plus original content focusing on this area's entrepreneurial community.  We realize there may be some stuff we miss, so feel free to let us know of any relevant news that comes your way. 
 
We're betting there's enough clutter in your Inbox...so watch for EntreNews twice a month.  We hope you enjoy this free service of EntrePaducah.  Feel free to pass this on to friends and colleagues.  They can receive bi-monthly news by simply clicking the link below. 
 
Sincerely,
EntrePaducah Team
Terry Reeves
Richard Davis
Brandi Harless
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General News
 News, tools and resources from national and state sources.
Confidence in Small Business Growing, Gallup Poll
Small Businesses were ranked 2nd in a recent Gallup poll surveying consumer confidence in various institutions. Read more
No More Procrastinating: 5 Steps to Starting Your Business Plan
Business plan consultant gives helpful hints on taking the leap.  Read more
Stop Leaving Money On the Table: Analyze website traffic
Tracking website traffic can lead to more sales.  Learn what tools, goals and metrics will increase your sales.  Read more
Start a business in Paducah for less than $150?  
The takes of three entrepreneurs who launched companies for less than $150.  Read more
Financials Got You Stuck?
 "Financing a business is always a challenge." Here are 10 techniques to get you started.   Read more
Earn up to $12K by buying Kentucky Proud(TM)  
Foodservices may be reimbursed for up to 20% of the purchase cost for eligible products.  Check it out.
EntrePaducah News 
Happenings that help you out. 
Entrepreneur 101: How to Start a Business 
EntrePaducah is partnering with the Murray State Small Business Development Center to offer a crash course on starting a business.  The first of these ongoing forums is scheduled for September 27 at the Commerce CenterClick here for more information. 
Small Business Grants for Technology Innovation
The National Science Foundation is offering funding for any small business looking to do research on the commcercialization of their product.  EntrePaducah can help you write the grant if you are interested.  Contact us for more information or Click Here.
EntreProfile
Inspirational stories.  Q&A with local entrepreneurs.
dAMPA Logo

From Paducah to New York City and Back Again   

Tressa Wilham, native to Paducah, opened the Academy of Movement and Performing Art (AMPA) in Fall 2009.  After training in NYC and finishing a bachelor's degree in dance and economics, Tressa moved home to explore the opportunities available in Paducah.  A few months of limited findings led Tressa close to jumping on the next plane back to New York.  But something stopped her. "I always thought I would open a dance studio in Paducah but I was never sure when was the right time.  All of sudden, it just hit me that it was time to do this."  One year later, having taken the entrepreneurial risk and following her life-long dream of owning a dance studio, Tressa's numbers have increased three-fold and business is booming.

What made you decide to start a business? 
I think I had the entrepreneur bug, if you will, which I think you have to have.  I think there are a lot of people who just do better when they are told what to do.  And there are a lot of people who function better when they have that leadership.  I think I'm definitely one of those leaders.  I just get more done when I'm the one in charge. 
 
How do you think you were prepared to start a business?
Dance is my love.  Being a dancer has become my identity.  Exposing other younger dancers to that and sharing everything you can learn through dance, that's been my preparation--  realizing what dance has been to me and being able to give that back.  In regards to the business side, I moved to New York City when I was 18 years old.  I studied dance in school, and economics. Of course the economics was big preparation. And just working for entrepreneurs that I looked up to and learned a lot from--learning how to handle business professionally and giving a service professionally, such as a dance class.  That's really been my training.  Just really gettting out there and exposing myself to the dance training and the business side and developing those skills. 
 
Why did you choose Paducah to start a business?
I didn't think I was quite ready to start a studio.  But I felt like there was a demand here.  There were a lot of young individuals who were thirsty for the art of dance, who were very interested and passinate about it, who knew deep down they weren't getting what they wanted.  I think I always knew I would end up in Paducah, my family is here.  I feel like there is a big art community in Paducah that isn't always touched on.  I just felt like it was time.  And no matter where it is, even if it's not your ideal spot, I think it's all about letting go of that being set in stone where you're going to be.  I think Paducah has everything you need, you just have to know and feel that it's the right time to start that business. 
 
Who supported you in the beginning?
When I was starting, I think the hardest thing for me was feeling alone.  You really don't even know where to start, there is so much to do.  In my case, I had very little time to do it, I had about a month to prepare and get everyting up and rolling.   My main support system came from my family and the families I allowed to let in.  I think one of the biggest mistakes when starting a business is trying to do everything on your own.  I did allow parents to help with suggestions, construction of the buidling or anyway they could.  Anything that they were offering, I allowed that.  And of course my family being there and encouraging me. I did actually sponsors that helped out from a financial standpoint.  [They] helped out by supplying dance floors and ballet bars, just simple things.  So I didn't feel so alone.   It ultimately made the studio kind of open and start up and we were a family from the beginning.  I think that's what it's all about.  Finding that intiial support group and allowing them to help out when they can. 
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     EntrePaducah serves as the central source for entrepreneurial business development and support.  Our strategic and financial partners are the City of Paducah; McCracken Fiscal Court; Paducah Area Chamber of Commerce; Greater Paducah Economic Development Council; and Murray State University.