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Your briefing on entrepreneurship in the news.

In This Issue
Take Advantage of Ky Small Business Incentives
Online Webinars Offer Best Practices
Global Entrepreneurship Week a Success!
Grants Available from Kentucky Arts Council

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News Briefs
 News, tools and resources from national and state sources.
Up to $10,000 in Start-up Costs Before Dec 31!  
If you are a new business and make at least $1 in revenue before the end of the year, you could be eligible for deductions of up to $10,000. Read More
SBA Loan approval in minutes 
The Small Business Administration has announced an expedited application for small businesses to access loans to increase small business investment.  The 2-page application can be approved in minutes. Read More
Entrepreneur on Your Holiday Wish List? Find Out What They May Want
Business School offers recommendations on what the entrepreneurs in your life may want this year.  Read More
Socially Conscience Gift Ideas for Social Entreprenuers
Check out these great gift ideas for people on your list looking to start a business AND do good.  Read More
Get the Most Out of Twitter...Follow These People  
Business Insider highlights 20 people you should be following on Twitter. Read more
Tax Planning and Payment Processing Advice...Online Webinars
The National Federation for Independent Businesses offers free online webinars on planning for taxes and making your payment processing more efficient. Read More
Kentucky Offers Credit Program for Growth and Hiring 
Kentucky Small Business Investment Credit Program offers incentives for businesses hiring one or more individuals and investing at least $5,000 in qualifying equipment.  Read more
Minority Groups Increase Buying Power, Start Marketing Now
Karen E. Klein, columnist for Bloomberg Business offers insight into a marketing to minority groups.  Get this right and open a whole new target market for your business.   Read more
EntrePaducah News 
Supporting our hometown entrepreneurs 
Global Entrepreneurship Week a Success!
Over 150 people attended 10 events in 4 days during Global Entrepreneurship Week November 15-18.  EntrePaducah joined the Kaufmann Foundation and thousands of organizations worldwide to host events celebrating entrepreneurship.  Check www.entrepaducah.com SOON for highlights and photos.  
Rich Davis visits UK's Center for Applied Energy Research 
Need help turning your business green?  Or developing a new energy efficient technology?  Check out UK's new Applied Energy Research program.  Read more
Local News 
Community resources and events to help your business. 

Save the Date!
Paducah Area Chamber of Commerce
72nd Annual Meeting
Thursday, January 20, 2011
6 p.m. Carson Center
 With keynote speaker Bill Rancic,
the first winner of "The Apprentice" 
Purchase your tickets here 


 Drifters

Rick Harless recently opened Drifters, a steak and catfish restaurant.  Having previously owned car dealerships and mechanic shops, Rick decided to partner with a previous restaurant owner to take on a new business venture.  After purchasing the building previously known as the "Breakfast Barn", Rick worked for months renovating the property and developing the concept.  Deciding to take on a new area of business can be very difficult. Rick shares his thoughts on taking the leap.  


What made you decide to start a business? 

I started this business to take on a new challenge.  I have owned several businesses before but never one in the food industry.  This allows me an opportunity to advance my skills. Being a business owner fits well with my lifestyle and personality because I like the challenge of making something out of nothing.  When the property became available, I did some research on the potential of the area and decided it was a great time to buy in.  


How do you think you were prepared to start a business?

Having been a business owner for most of my life, I have the experience and knowledge of starting and running a business.  I have seen businesses fail and succeed.  All those lessons are valuable when starting a new business venture.  Hard work has been the real key to any business I have owned.  This time around I'm doing whatever it takes to make this succeed. 

   

Who supported you in the beginning?

My friends helped a lot with the construction and planning by offering free labor during the renovation.   My daughter has helped me with developing a marketing plan, connecting me to local resources and developing an online presence.  


What are your future plans for yourself and/or your business?  

I would like take the business to another level by building a stable and profitable restaurant that allows me to secure more jobs for the community.  I'm looking forward to the growth of exit 11.  I think there will be great opportunities there in the near future.  

Money News
Highlights on national, state, and foundation funding sources to help you grow.
Kentucky Arts Council Offers Operational Support Grants.  
Apply by January 15, 2011.  Contact EntrePaducah for help with developing a concept or drafting the grant. Read more
Quick Links

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EntrePaducah serves as the central source for entrepreneurial business development and support for Paducah & McCracken County, Kentucky. 
Our strategic and financial partners are:
     City of Paducah
          McCracken Fiscal Court