2010 Winner, Better Business Bureau of North Alabama Torch Award for Marketplace Ethics
2010 Alabama Women's Business Center of Excellence
2007 Non-Profit of the Year
Women's Business Center of North Alabama
January 2011 Newsletter
Sponsor this block and reach thousands of WBCNA Contacts with our affordable pricing. Email info@wbcna.org
Welcome our Newest Society of 75 Member

WaveLink, Inc.
7800 Madison Blvd. Suite 504
Huntsville, Alabama 35806

In Business Since:
  2000
 
Executive Officer:  Tamala Gibbs
, CEO 

Number of Employees: 23

Type of Customers: Army, DoD, NASA, MDA, SMDC

Company Overview
: WaveLink provides software engineering, test and evaluation, technical data management, configuration management, information assurance and IT.   

What sets your company apart from competitors:
WaveLink looks for the "win-win" in all of our business relationships---with customers, employees and teammates. 

Your hopes for the Women's Business Center of North Alabama: To continue meeting the needs of local entrepreneurs and new business start-ups and to grow to offer more services as well as higher level training to established entrepreneurs in the area.

Your advice to budding entrepreneurs: First, don't lose heart! Business is tough, so be tough and stay the course. Second,  there are no shortcuts. Be prepared to put in the time and pay your dues.  Third, surround yourself with encouraging people!

Favorite Quote: "Luck is...hard work--and realizing what is opportunity and what isn't." --Lucille Ball
January Lunch and Learn 

"Going Green? Conserving Personal Energy for Growth in Leadership"
Friday, January 21
 11:30 a.m. - 1:30 p.m.
Speaker: Laura Huckabee-Jennings, Transcend LLC


Have you wondered lately where all your energy goes?  What would it be like for you to achieve your results with less effort, less stress and more confidence?  What would it mean to grow your business without being overwhelmed?  Learn about leadership, managing your own energy and permanently reducing your stress levels and increasing your ability to reach your goals.  Attendees will gain practical tools on what leadership means and why it matters.

Laura Huckabee-Jennings is the founder of Transcend Leadership Coaching and Consulting, which has been serving entrepreneurs and executives in growing companies since 2002. As a Certified Professional Coach and Energy Leadership Index Master Practitioner, Laura helps executives, owners and leaders better understand the behaviors, thoughts, attitudes and beliefs they are using to get their current results, and consequently how they can develop greater leadership versatility and core skills to get greater results and more consistent growth.


Laura's 20+ years of experience include management roles in top tier consumer goods companies such as Procter & Gamble and Coca-Cola, as well as technology and consumer start-ups. She has managed businesses through extraordinary growth in markets around the world, including Japan, China, Israel, Poland and the US.   Laura holds degrees in Physical Chemistry from Princeton University, Comparative Culture from Jochi University in Japan and an MBA from INSEAD in Fontainebleau, France. She speaks Japanese fluently and has a good knowledge of French and a smattering of other languages


The Lunch & Learn will be held at the Chamber of Commerce at 225 Church Street in downtown Huntsville. A map with directions can be found on the website.

Reservations are required and can be made online via our calendar at www.wbcna.org. The cost is $20 for WBCNA clients and Huntsville-Madison County Chamber of Commerce members.  Please call 256-535-2038 for the discount code prior to registering online.  Cost for all others is $25. Credit card payment is available at the time of online registration. Cash, check (payable to WBCNA) and debit/Visa/Mastercard payments are accepted at the door.

Registration/Cancellation Policy: Lunch registrations and/or cancellations must be received no later than 5 p.m. on Wednesday before the Lunch and Learn.  If you are unable to attend and do not cancel by the deadline, you will be billed.  
WBCNA Volunteer Spotlight:  
Kellie Andrews

Kellie Andrews has served as President of APEX Business Centers, an  office business center, since its beginning in February of 1994.  She is also a Senior Associate for Logistics Plus Associates. Her professional KAndrewsbackground is in business, with previous experience in the fields of finance and contract management.  She holds a Bachelor of Science in Business Administration from UA Huntsville. After graduating, she worked for several government contractors, notably NRC, CSC, CST, and SAIC. Although she spent ten years supporting government contracts in management and finance, Kellie has been in love with entrepreneurship since she was a teenager. Both her current positions allow her to spend time helping others grow and build their businesses.

 

With APEX, she oversees operations and staff, as well as handling marketing and promotion. Her work with Logistics Plus focuses on proposal development, team building and matchmaking activities for companies wanting to break into government contracting. Along with other staff members, Kellie participates in organizations such as the Huntsville/Madison County Chamber of Commerce, HASBAT, HAMA, South Huntsville Civic Association, Organization Supporting Business Owners (OSBO), and Office Business Centers Association International (OBCAI).

 

Education is very important, and Kellie spends a good portion of her time expanding her own education while also homeschooling her two daughters. They travel the southeast each spring competing in speech & debate tournaments for the National Christian Forensics & Communications Association (NCFCA).


10 Steps to Small Business Success in 2011

Try these forward-thinking strategies to improve your business now.

Economists say the Great Recession--the longest and deepest since World War II--ended 18 months ago and that the U.S. economy is, in fact, growing again.  But growth is relative.  Even the rosiest economic forecasts for 2011 come in well under 3 percent growth.  Unemployment is still high, and consumer spending is still sluggish.


"However optimistic you may be about your business, you need to let the overall economy temper your expectations," says Scott Shane, an economics professor at Case Western Reserve University and author of The Illusions of Entrepreneurship: The Costly Myths that Entrepreneurs, Investors and Policy Makers Live By. "You need to assume that the recovery is going to be tepid and plan accordingly."


That doesn't mean sit and wait for things to improve.  Rather, retool for the economy that exists today, and will be lingering for many tomorrows. Click here to read 10 smart places to start.


 Source: Entrepreneur.com

Author: Rosalind Resnick; CEO Axxess Business Consulting

 
Countdown to a Successful 2011!

The Awesome Power of Goal Setting


At the December Lunch & Learn at the Women's Business Center of North Alabama (WBCNA), Joanne Randolph, President & CEO, talked about the power of goal setting and provided 10 tips for triumph (based on an article by Susan M. Heathfield on About.com). Here is an excerpt from her presentation:


As the New Year approaches, we all start thinking about New Year's resolutions and goals for the coming year.  But why should we bother?  Well, for lots of reason, but primarily because goals give us direction in all areas of our lives---a reason to get up early in the morning and a reason to go to bed late at night.


Not having goals is similar to sailing a ship across the Atlantic Ocean without a map; goals, like maps, help you get to your destination much faster than just sailing though life aimlessly.  As Dale Carnegie once said, "The person who starts out going nowhere, generally gets there."

 

A new year is a new beginning and a time to think about new goals and resolutions, new plans, and new dreams.  It is a time to reflect upon our lives and our accomplishments and a time to draw a line in the sand and claim a starting point for our next chapter.

 

But how many times have we made New Year's resolutions only to break them.  Here's 10 tips to help you keep those New Year's resolutions and 2011 goals.  We'll count down to the #1 most important tip.


Tip #10:  The Goal is Yours ----Own it!

Whatever the goal, whether to acquire a new customer, increase revenues, get a promotion at work, or lose weight, it must be your goal.  Goals should not be what you "ought" to do, but should generate excitement---you must believe there is something in it for you!


Tip #9:  Base Your Goals Firmly in Your Values

Every goal should link specifically to a value and some should be short term and some long term.  You should break down the long-term goals into weekly, monthly, quarterly, or annual goals.  But most importantly, set goals in all aspects of your life to maintain balance.


Tip #8:  Believe You Can Accomplish the Goal

Each of us has a little voice in our head.  Positive thoughts support the accomplishment of our goals; negative thoughts don't!  Negative thoughts undermine our self-esteem and self-confidence, so start disregarding those negative thoughts and start believing in yourself.  Tell your doubting self, "Yes I can."

 

Tip #7:  Paint a Vivid Outcome

Start with a picture in your mind that describes the outcome you are seeking.  Maybe you want to move out of your home office into an office building, so pick the office building you want to be in and post a picture of it in your office as a reminder every day of what you are working towards. 

 

Tip #6:  Share Your Goals with Others

Share your goals with significant others (spouse, family members, peers, business associates, friends) who will support the accomplishment of your goals. If you don't believe you will have whole-hearted support from someone, just don't share your goals with them.


Tip #5:  Check Goal Setting and Achievement Progress Regularly

You are more likely to accomplish your goals if you review them daily, weekly, or quarterly.  Enter your goals in your planner or your PDA and schedule daily and weekly actions that support their accomplishment.  The discipline of the daily review is a powerful tool!

 

Tip #4:  Take Action to Identify and Eliminate Obstacles to Goal Setting Success

Tracking your goals daily is great, but if you're unhappy with your progress, assess what is keeping you from accomplishing the goals and ask yourself, "Is this goal really important?"  If there are obstacles interfering with your progress, take actions to remove them.


Tip #3:  Reward Yourself and Celebrate Goal Accomplishment

Even the accomplishment of a minor goal is cause for celebration.  Don't depress yourself with thoughts about all you still have to do---celebrate what you have done and move on to the next milestone.

 

Tip #2:  Goals and New Year Resolutions May Need to Change

Periodically look at your goals and ask yourself if they are still the right goals because markets change, things change, people change, or circumstances may change.  Give yourself permission to change your goals if need be.  Or perhaps you made the goal too big or maybe you set too many goals.

 

And now, the #1 most important tip to help you be successful in 2011 and achieve your goals:

 

Tip #1:  Write Your Goals Down

Studies have shown that the mere act of writing your goals down will give you as much as a 200% improved chance of achieving that goal---and that's powerful!   Just imagine the improved chance if you write them down AND monitor them regularly!  You should have no reason for not achieving whatever you set out to do.

 

Writing your goals down becomes a commitment to yourself---a conscious promise to pay attention to the accomplishment of the goal.  And writing out potential action plans with due dates makes the goal even more powerful!


In 2010, the WBCNA instituted goal setting, which includes action plans with dues dates, for clients.  We write them down and keep a copy in the client file.  The clients have responded very favorably to this new procedure and we have received feedback such as:  "I love it!  It keeps me focused on the things I should be focused on."  Clients look forward to returning to the WBCNA to show their progress and develop a new set of goals and actions.


Goal setting is a very effective tool in helping anyone achieve their goals and their dreams.


Everyone at the WBCNA hopes you have a very prosperous 2011!

2011 Home-Based Business Expo
(formerly Direct Selling Expo)
Calling All Volunteers!


The WBCNA is planning on hosting another Direct Selling Expo in September 2011, but we're calling it the "Home-Based Business Expo" so it will resonate with the general public.  Anita Eno, Team National, has agreed to chair the event. 

 

As a reminder, the mission of the expo is to connect companies who have business opportunities (like Mary Kay, Silpada, and Amway) with individuals who are looking for them.  This is a great venue for those in the direct selling industry who are trying to build their organizations and promote their products or services.  Many of clients, and millions of Americans, are already in the industry or looking into it.


We are looking for volunteers who would like to help us with this event.  If you have any interest, please send us an email at info@wbcna.org

What is Direct Selling?

Direct selling is the sale of a consumer product or service, person-to-person, away from a fixed retail location, marketed through independent sales representatives who are sometimes also referred to as consultants, distributors or other titles.


Just about any product or service can be purchased through direct selling somewhere in the world. Many people think of cosmetics, wellness products and home décor as products that are often sold through direct sales, but add to that countless other product categories including kitchen products, jewelry, clothing, organic gardening supplies, spa products, scrapbooking supplies, rubber stamps and much, much more.

 

For more information, check out the Direct Selling Association (DSA) website at www.dsa.org.  For direct selling general FAQs, click here.

New SBA Lending Initiatives

The SBA Announces New Initiatives Aimed at Increasing Lending in Underserved Communities
 

With small business owners and entrepreneurs in traditionally underserved communities continuing to face challenges accessing capital, the U.S. Small Business Administration announced two new initiatives aimed at increasing SBA-backed loans to small businesses in these markets.  SBA and U.S. Department of Commerce studies have shown the importance of lower-dollar loans to small business formation and growth in underserved communities. With that in mind, the two new loan initiatives - Small Loan Advantage and Community Advantage - are aimed at increasing the number of lower-dollar SBA 7(a) loans going to small businesses and entrepreneurs in underserved communities.

The agency's most popular loan product, 7(a) government-guaranteed loans can be used for variety of general business purposes, including working capital and purchases of equipment and real estate.  In conjunction with the implementation of these two new Advantage loan initiatives by March 15, the agency will end its existing Community Express pilot loan program on April 30.

"Over the last two years, we've seen lending to all small businesses tighten up, and that tightening has been even greater in traditionally underserved communities, including among minorities, women and in rural areas," SBA Administrator Karen Mills said. "These new Advantage initiatives are aimed directly at getting more loans into these markets so these small business owners can get the capital they need to start or grow their business and create good paying jobs in local communities across the country."

Built on what the agency refers to as its "Advantage" platform, both Small Loan Advantage and Community Advantage will offer a streamlined application process for SBA-guaranteed 7(a) loans up to $250,000. These loans will come with the regular 7(a) government guarantee, 85 percent for loans up to $150,000 and 75 percent for those greater than $150,000.
Small Loan Advantage will be available to the 630 financial institutions across the country in the agency's Preferred Lender Program (PLP). Under PLP, which includes most of the agency's highest volume lenders, SBA delegates the final credit decisions to lenders.

With Community Advantage, the agency will expand the points of access small business owners have for getting loans by opening SBA's 7(a) loan program to "mission-focused" financial institutions, including Community Development Financial Institutions, Certified Development Companies and non-profit microlending intermediaries. Community Advantage will leverage the experience these institutions already have in lending to minority, women-owned and start-up companies in economically challenged markets, along with their management and technical assistance expertise, to help make their borrowers successful.

"These two new loan initiatives tackle a couple of factors we know exist when it comes to the challenges small business owners face," Mills said. "First, to add more incentive for lower-dollar loans in these communities, we are providing a streamlined process for lenders along with the regular 7(a) government guarantee. Second, we are taking steps that will increase the number of places small business owners in underserved communities can go to get loans. And also, with Community Advantage, we are making sure that the additional assistance some borrowers may need through counseling and technical assistance will be available."  Mills added that the new loan initiatives are in line with the agency's core mission of supporting small business growth and job creation, and goals of the new Advisory Council on Underserved Communities, announced today. The Council will provide input, advice and recommendations on how SBA through its programs can help strengthen competiveness and sustainability for small businesses in underserved communities.
 
"Many entrepreneurs and small business owners across the country have enormous potential to drive economic growth and create good-paying jobs in their local communities, but too often they face barriers in fulfilling that potential," said Hughes, who will chair the council.  "I'm excited to be a part of this effort to strengthen the link between these entrepreneurs and the SBA's wide variety of resources. SBA assistance played a critical role in my success, and I'm eager to do all I can to help make sure others have access to these same opportunities."

The agency's new Advisory Council on Underserved Communities will consist of 20 members from across the country. Over the next few weeks, the SBA will accept nominations for members to serve on the CUC. Members will provide a critical link between SBA and small businesses in traditionally underserved communities. It is anticipated that members will reflect a variety of key sectors, including business owners, banking and finance, community development, nonprofit and academia. Member nominations can be emailed to underservedcouncil@sba.gov.

Source: Teresa Wilson, SBA Public Information Officer. Alabama District Office 

New Technology Guide Helps Entrepreneurs Grow Their Small Businesses and Create Jobs

SBA and Microsoft introduce resource to deliver essential technology information to small business owners.

A new technology tool for small businesses is now available to help them grow and create jobs.  The new education resource, Business Technology Simplified, helps small business owners connect the dots between entrepreneurship and technology to give them a competitive edge.  The U.S. Small Business Administration and Microsoft have teamed up to develop this free, comprehensive guide on how technology can improve the small business owner's chances for success. 

The Business Technology Simplified guidebook includes fundamentals on the importance of technology, and on how it can be used to achieve a business's goals.  In the guidebook's foreword, Earvin "Magic" Johnson writes about his journey in developing a multimillion dollar company and the value of technology to remain competitive.

"Our goal as an agency is to get information, tools and services into the hands of small business owners more quickly so they can spend more time doing what they do best - creating the jobs that will drive our economic recovery," said SBA Administrator Karen Mills.  "This new guidebook is one more tool available to support small business growth through access to information and resources." Business Technology Simplified offers straightforward tips on how to use technology and innovation to make businesses work more efficiently.  The guidebook incorporates relevant and practical material on simplifying work tasks, do it yourself marketing, cloud computing, time management, finding and cultivating customers, and much more.

"Small businesses, which employ nearly 50 percent of the U.S. work force, rely on trustworthy technology that is easily adaptable and scalable to support growth and give them freedom to focus on the innovation and passion that drives their businesses," said Cindy Bates, Microsoft's vice president of U.S. Small and Medium Business.  "We are thrilled to continue our long-standing relationship with the SBA and small businesses by providing this free resource that will arm this community with the technology know-how to safely and smartly grow their businesses in many strategic ways."

Business Technology Simplified is available in a printed format in SBA district offices and local SBA resource partners, or may be accessed online as an electronic publication and as an electronic distance learning course.  The new online course has been created for self-paced access to practical guidance on applying technology to build and grow strong companies. 

The Business Technology Simplified online course allows quick access by small business owners to learn more about basic technology tools that can help their companies run more efficiently.  The course features an audio guided lesson indexed by modules that includes information on how to use technology to save time in day-to-day tasks, how to better manage a business, mobile solutions that work, and tips on expanding customer base. 

To access the course, go to www.sba.gov/training, then click Business Technology Simplified in the Highlighted Courses section.  It is one of nearly 30 online tutorials offered by the SBA, and is available 24/7.
SBA Unveils New Website and Launches SBA Direct---A New Tool Delivering Personalized and Targeted Resources

SBA.gov Demonstrates Agency's Commitment to Transformation - Giving Small Business Owners Quick and Easy Access to the Resources they need to Succeed and Create Jobs

As part of the U.S. Small Business Administration's mission to ensure that small business owners and entrepreneurs have access to accurate, timely and helpful information, SBA Administrator Karen Mills unveiled a newly re-designed SBA website. The new site also features the launch of SBA Direct, a dynamic new web tool with a variety of personalization features that will help small businesses start-up, succeed and grow.
 
"With the launch of the new SBA.gov, we have reached a significant milestone in how the agency has evolved in using interactive web tools, social media and blogs to engage with, and better meet the needs of small business owners," said SBA Administrator, Karen Mills. "While the SBA website has traditionally been an information-rich site, we wanted to make it easier for small business owners to navigate. With the new improved SBA.gov, business owners can access the answers they need, specific to their business profile, in an instant - it truly presents the face of the future of SBA."
 
While the site features a variety of enhancements including a full re-design, new content, and improved navigation, the centerpiece is a dynamic new web tool called SBA Direct
 
SBA Direct allows visitors to personalize their browsing experience according to their business type, geography and needs.  SBA Direct then delivers relevant and targeted information on all aspects of running a business such as the steps involved in getting started, business growth strategies, and how to stay compliant with current laws and regulations. SBA Direct also provides information on the available SBA programs that can help businesses succeed, such as financial assistance, exporting and government contracting opportunities, counseling and training.
 
"Transforming the SBA into a proactive, responsive and 'customer-centric' organization that better serves the needs of the nation's more than 29 million small businesses is an exciting, yet enormous effort," said Mills.  "We've made significant progress, and the new SBA.gov is just one example among many, including record growth capital financing, expedited loan approvals and the acceleration of disaster assistance resources and funds of how SBA has, and will continue to support the growth of small businesses and job creation."

Other new features to the web site include:
  • SBA's small business search that improves the accuracy and relevancy of search results -saving time and frustration.
  • Improved navigation that gives users one-click access to the information they need. Combined with the personalization features of SBA Direct, users no longer have to mine through pages of information to find answers.
  • Integration of Business.gov content including a variety of guides and tools that collate information from across government agencies to help business owners comply with laws and regulations, and take advantage of government programs.
  • Interactive location-based maps that allow users to quickly find small business resources in their area, including local SBA offices, and other sources of training and support.
  • User-rated content gives visitors to the site direct control in determining the most useful and relevant information to feature by small business topic.
SBA's commitment to using web services to provide small businesses with greater access to the pool of government resources available began in 2006 with the launch of the award-winning Business.gov website, and later with the Business.gov Community initiative in 2009 (the first government-sponsored online community built specifically for small businesses), and more recently with SBA's own social media presence on Twitter, Facebook and YouTube.
 
The new SBA.gov built on these achievements and best practices as a driver for its transformation.  The project is also a flagship for the agency's Open Government Plan, with the goal of building an online presence for SBA that is transparent, participatory and collaborative.

Source: Carol Chastang, SBA  carol.chastang@sba.gov
Free Webinars for Non-Profit Organizations

The Reference and Adult Services Department of the
Huntsville-Madison County Public Library sponsors regular webinars for non-profits on a wide range of topics. As a cooperating collection of the Foundation Center, the Library has access to databases and print materials of interest to non-profits seeking funding and advice for best practices. All of the below webinars are free of charge and open to the public. They will be held in the Second Floor Events Room of the Main Library at 915 Monroe Street.
 

Introduction to Fundraising Planning

January 19, 2011 - 2:00-3:00 PM

 

Learn a basic planning process for diversifying your organization's base of support. A successful nonprofit organization needs to cultivate multiple revenue streams through sound financial planning. If your organization has never developed a fundraising plan or calendar, this hour-long session is for you. It provides an overview of the process of strategically thinking through the components of a fundraising plan. You'll learn how to:

  • Conduct an assets inventory
  • Develop a case statement
  • Identify fundraising partners
  • Prepare a fundraising plan and calendar

Introduction to Fundraising Planning will show you how to analyze your organization's situation and develop a fundraising plan that will include a variety of revenue sources.

 

Introduction to Corporate Giving

January 20, 2011 - 1:00-2:00 PM

 

Explore the world of corporate support and get started with resources on corporate giving. Join us for an introduction to the world of corporate support for nonprofits and to the effective utilization of the Foundation Center's resources on corporate giving. We'll answer such questions as:

  • What are the motivations behind corporate giving?
  • How do companies support nonprofit organizations?
  • How can I match my organization's needs with the interests of a corporation?
  • How can I make the most effective use of Foundation Center resources to locate corporate funders?

Prior attendance at "Grantseeking Basics" is strongly recommended.

 

For more information, please contact:

Mary Wallace Moore

Reference & Adult Services Manager

Huntsville-Madison County Public Library

PO Box 443

Huntsville AL  35804

256-532-5972

mmoore@hmcpl.org

SBA Patriot Express Loan Initiative Renewed for Three Years

Effort focuses on Increasing Opportunities for Vets and Military Community

A very popular initiative that in just three-and-a-half years has provided more than $560 million in loan guarantees to nearly 7,000 veterans to start or expand their small businesses is being renewed for three more years, according to the U.S. Small Business Administration.

Patriot Express, a streamlined pilot loan product based on the agency's SBA Express program, offers an enhanced guaranty and interest rate on loans to small businesses owned by veterans, reservists and their spouses. Over the past two years, due in part to the American Recovery and Reinvestment Act, loan volume increased dramatically.

"America's veterans have the leadership skills and experience to become successful entrepreneurs and small business owners," said SBA Administrator Karen Mills.  "The impact of this program over the last three-and-a-half years has meant thousands of veterans and their families have had the resources to pursue their dreams as entrepreneurs, and at the same time create jobs and drive economic growth at a critical time for our country.  Renewing it means we can continue to fulfill our sacred commitment to the men and women who serve our country by giving them every opportunity for success."

Patriot Express was launched June 28, 2007, to expand upon the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses across all its loan programs.  SBA also offers counseling assistance and procurement support each year to more than 200,000 veterans, service-disabled veterans, reservists and members of the National Guard and their spouses.
 
Patriot Express loans are offered by SBA's network of participating lenders nationwide and feature one of SBA's fastest turnaround times for loan approvals.  Patriot Express loans are available for up to $500,000.  The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.  Local SBA district offices can provide lists of Patriot Express lenders in their areas. 

Details on the initiative can be found at www.sba.gov/patriotexpress. To learn more about additional opportunities for veterans available through the SBA, please visit the website at www.sba.gov/vets.

Source: Teresa Wilson, SBA Public Information Officer  teresa.wilson@sba.gov
SBA Lender Activity Report

The Alabama District Office of the SBA issued a lender activity report for the period of October 1, 2010-November 30, 2010.

To view the entire report, click here.
State Small Business Credit Initiative

Overview
On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the ?Act?).  The Act created the State Small Business Credit Initiative, which was funded with $1.5 billion to strengthen state programs that support lending to small businesses and small manufacturers.  The State Small Business Credit Initiative is expected to help spur up to $15 billion in lending to small businesses.  Under the State Small Business Credit Initiative, participating states will use the federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy, but are not getting the loans they need to expand and create jobs.  The State Small Business Credit Initiative will allow states to build on successful models for state small business programs, including collateral support programs, Capital Access Programs (CAPs) and loan guarantee programs.  Existing and new state programs are eligible for support under the State Small Business Credit Initiative. 

Who May Apply?
The State Small Business Credit Initiative is open to any state of the United States (and the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of Northern Mariana Islands, Guam, American Samoa, and the United States Virgin Islands) that establishes a new, or has an existing, capital access or state credit support program that meets the eligibility requirements in the Act.  In certain circumstances, municipalities may have an opportunity to apply to the Treasury Department for State Small Business Credit Initiative funding. 

Key Deadlines
  • Notice of Intent to Apply.  The first step in the application process is for applicants to file a ?Notice of Intent to Apply? with the Treasury Department no later than 5:00 pm EST on November 26, 2010.
  • Application package.  The second step is to file a completed application package no later than 5:00 pm EST on June 27, 2011.  The application form will soon be made available.
Source: Roderick D. Perkins, Lender Relations Specialist / Veterans Affairs Officer, SBA  roderick.perkins@sba.gov
 
New Credit Lines for Energy Expenditures
 

The ADECA Energy Division is pleased to announce the launch of
AlabamaSAVESTM, the state's first and only energy revolving loan program for Alabama businesses.  Capitalized with $25 million of American Recovery and Reinvestment Act (ARRA) State Energy Program (SEP) funds and leveraged with private capital, the AlabamaSAVESTM program will provide an estimated pool of $60 million for low interest rate loans to install renewable energy systems and implement energy efficiency improvements for existing commercial and industrial businesses in Alabama.

Allowable expenditures for loan funds will include equipment and equipment installation labor costs for appropriately sized renewable energy systems and energy-efficient fixtures and retrofits.

Loan terms:
  • Interest Rate: Two percent (fixed) per annum
  • Loan Term: The blended useful life of improvements up to a maximum of 10 years
  • Loan Range: $250,000 - $4,000,000
  • Loan funds can be used for up to 90 percent of total eligible project costs
For additional information visit the program website: www.alabamasaves.com.
In This Issue
Society of 75
January Lunch and Learn
Volunteer Spotlight
10 Steps to Small Business Success in 2011
Countdown to a Successful 2011
2011 Direct Selling Expo
New SBA Lending Initiatives
New Technology Guide
New SBA Website & SBA Direct
Free Webinars for Non-Profits
SBA Patriot Express Program Renewed
SBA Lender Activity Report
Small Business Credit Initiative
New Credit for Energy Expenditures
WBCNA Needs You to Get Involved!
Talk Radio for Entrepreneurs
GPAC-BID Designs Empowering Business Conference
WOSB Workshop for New Federal Procurement Program
GPAC-7th DAU Conference
INPUT Software Subscription Service for WBCNA Clients at a Reduced Rate
Women Accessing Capital Workshops
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QUICK LINKS


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UPCOMING WBCNA  EVENTS

AND WORKSHOPS
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HUNTSVILLE

Help! I Need a Business Plan!- January 5

FastTrac Tech Venture- BizTech - January 11

Government Contract Accounting Made Easy- January 13

QuickBites with QuickBooks- sponsored by Sam's Club of South Huntsville- January 18

Lunch & Learn
January 21

WOSB Workshop/New 5% Set-Asides- January 26

Small Business Step-by-Step- January 27

MORGAN COUNTY

Time Management Essentials- January 13

Strategic Planning for Small Business- January 27
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NETWORKING
OPPORTUNITIES AND WORKSHOPS ACROSS
NORTH ALABAMA  

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MADISON COUNTY 


Business After Hours-
January 11

CEO Roundtables- January 13

2011 Huntsville-Madison County Chamber of Commerce Annual Membership Meeting- January 27

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GOVERNMENT PROCUREMENT ASSISTANCE CENTER (GPAC)
 
GPAC offers services to the growing number of small businesses that want to do business with the government. 
 

Services offered include:

 

-One-on-one individualized coaching
-  CCR registration assistance
-  NAICS Codes identification
-  Online training
-  Certifications (8a, HUBZone, MBE, WBE, DBE)
-  Networking opportunities and business matchmaking
-  Assistance with Capabilities Statement development and review
-  Identification of Small Business Specialists (government and prime)
-  Website resources for small businesses
-  Identification of business opportunities and bid match assistance
 
Training is a major component of the GPAC
 
 If you would like more information on the GPAC and doing business with the government, call (256) 535-2038.
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WHO IS A WBCNA CLIENT?

Our clients are women and men in North Alabama who want to start or grow a business.

Our clients are our most important stakeholders.

Our clients are not dependent on us; we are dependent on them.

Our clients are not an interruption of our work; they are the reason for it.

We are not doing our clients a favor by serving them; they are doing us a favor by giving us an opportunity to serve them.


Adapted from the words of Mahatma Gandhi
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SBA
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.  Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.  Contact Stephanie Sellers at WBCNA, 225 Church Street, Huntsville, Alabama 35801, or by phone at 256-535-2038 or email info@wbcna.org

BBB logoThe BBB is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Businesses that earn BBB accreditation contractually agree and adhere to the organizations high standards of ethical business behavior.The BBB provides objective advice, free business BBB Reliability Reports, charity BBB"Wise Giving" Reports, and educational information on topics affecting marketplace trust. To further promote trust,the BBB also offers complaint and dispute resolution support for consumers and businesses when there is difference in viewpoints.
 
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FREE Business Plan Review from WBCNA!

The WBCNA Business Plan Review Committee is comprised of bankers, entrepreneurs, lenders, accountants, and others who can review your business plan and offer suggestions on how to make it stronger.

The need for business planning and a business plan for a new venture cannot be overemphasized. It forces entrepreneurs to consider every facet of the business and places decisions on paper; where they can be evaluated and considered before getting started. 

Writing a Business Plan can be a time-consuming task. Software programs or instruction manuals can assist you with preparing your plan, but it is still important to polish and perfect the document before submitting it to investors or lenders. The best way to refine a Business Plan is to have it reviewed by other business professionals who are accustomed to seeing and reviewing Business Plans.

WBCNA's Business Plan Review Committee will help you answer these important questions:
  • Is your business plan complete or are there missing components?
  • Have you thought through everything?
  • Is marketing sufficiently addressed?
  • Is the format readable and free of typographical and grammatical errors?
To learn how WBCNA can assist you with Business Plan review, please call 256-535-2038 or email info@wbcna.org.
 
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WBCNA Needs You to Get Involved!

The WBCNA is currently overwhelmed with demand for our services (which is a good thing). We welcome your time and support as a WBCNA volunteer.   Here's just a few ways to get involved:
  • Administrative Support
  • Business Plan Review Committee
  • FastTrac Business Coach
For every two hours of volunteer time, we will provide a $25 gift certificate to use toward WBCNA workshops (one per workshop; excludes Lunch and Learn & FastTrac).

Call Stephanie at (256) 535-2038 if you are interested and want to know more about how YOU can make a difference!
 
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Easy Ways to Get Free Press for your Business

Share Your WBCNA Testimonial

Have you received WBCNA counseling that has been helpful to you?  Have you attended a WBCNA workshop that you found beneficial?
 
If your answer is yes to either of these questions, WBCNA wants to showcase you on our home page.  Client photos and testimonials are rotated continuously at the top of the WBCNA home page.  Just send us a photo and short testimonial and we'll add it to our rotation. 
 
Tell Your Story
to the Local Media

When is the last time you submitted a Press Release to the local media?  Did you know you can get free press when something "newsworthy" happens with your business? Hiring new employees and getting a new contract awarded are just two examples of great news to share.   If you don't know how to write a Press Release, vist the Resources page on our website.   Under the "How To" section, you will find "How to Write a Press Release."  If you need help, ask WBCNA Public Relations Specialist Leah Gradl for assistance.  Her email is Leah.Gradl@wbcna.org. 

 
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WBCNA's Talk Radio Show for Entrepreneurs
WEKI3

WEKI

Every Tuesday on Your Morning Drive
8:00 a.m. - 9:00 a.m.

 
WTKI (1450 AM) Huntsville and WEKI (1490 AM) Decatur have returned to the air with a business-slanted format they call "Talk Radio for Real Life."   
 
"Talk Radio for Entrepreneurs," hosted by Marianne and Darin Windham, is a weekly hour-long program focusing on entrepreneurs who share their best practices and lessons learned with listeners.

If you would like to come on the air to talk about your business, the cost is ONLY $100.  Please contact the WBCNA at 256-535-2038.
Join Our Mailing List!
GPAcblueline
GPAC BID Designs2
Women's Business Center of North Alabama (WBCNA)
BID Designs Empowering Business Conference

"Tomorrow Never Happens Twice"
BIDDesigns Logo
In Partnership with WBCNA
January 11-12, 2011
The Ledges in Huntsville, AL

www.empoweringbusinessconference.com

The BID Designs Empowering Business Conference (EBC) is a unique business development training conference for federal contractors of all sizes. This compelling training conference provides proposal, strategy and capture, and specialized business development topics of interest to all federal contractors who are working to be more effective and efficient in their processes. Over the 2 day period, attendees will gain expert insight into the topics of their choice and will leave with a powerful knowledge set designed to help them apply new ideas, innovations, and efficiencies. Plus, all attendees are invited to a special roundtable open discussion on the final day of the training. In addition, all speakers and keynotes are industry professionals and local community leaders who know, work within, and understand our community and issues we face.


This year's theme, "Tomorrow Never Happens Twice" sets the stage for common themes throughout all of our sessions. Meaning, in federal contracting, we have little time to miss key opportunities. Our conference will provide you with key knowledge points to help you better focus and achieve your vision.


Who Should Attend:

Any federal contractor involved in business development  looking for more information, insight, and realistic principles needed to succeed. Perfect for anyone in your company that participates in business development or marketing activities from junior to executive.


Pricing:

December 31- January 7         

Single: $675    

Group: $575*

WBCNA Client: $475


*5 or more attendees from same organization.

 

To read more about BID Designs, visit their website at www.bid-designs.com.
New Federal Procurement Program for Women-Owned Small Business goes into effect February 4, 2011

Are you positioned to take advantage of this new program? You're invited to learn how you can position your company to access the 5% set-aside opportunities as a Woman-Owned Small Business (WOSB)

Wednesday, January 26, 2011
1:00 p.m. - 5:00 p.m.
Huntsville-Madison County Chamber of Commerce Auditorium

Presented by:

  
Hosted by:
bancorpsouth

Workshop Leaders:
  • Ms. Ana Harvey, SBA Associate Administrator, Office of Women's Business Ownership (OWBO)
  • Blanca Robinson, Women's Business Enterprise National Council (WBENC)
  • Markeeva Morgan, Advanced Defense Technology (ADT) Initiative
  • Kimberly Ford, Attorney, Dick, Riggs & Miller LLP
  • Federal Procurement Contract Specialist (TBD)

Workshop Includes:

  • Handbook with Step-by-Step Guidance
  • Compliance Guide
  • Certification Procedures
  • Checklist of Qualified Industries
  • Checklist of Criteria for WOSB
  • And much, much more!

Cost: Only $199.  Register online by visiting www.wbcna.org and clicking on the Calendar. 


Many Thanks to our Sponsors:

Platinum:
HallAlbrightGarrison

Gold:
Kimberly A. Ford, Esq., Dick Riggs Miller, LLP 
DickRiggsMillerLLP

7th Annual Defense Acquisition University Alumni Association-South Region Conference and Expo

February 22-23, 2011
Von Braun Center, Huntsville Alabama

On the night of April 2, 2008, the lives of six U.S. Marines were spared after an improvised device exploded underneath their vehicle.  Fortunately for these men they were riding in a mine resistant ambush protected truck, commonly called an MRAP.  These vehicles were put into wide-spread production following the onset of the second Iraq War.  However, the MRAP program would not exist if it had not been for the diligent decision making of the acquisition community.

 
In the fast-paced, ever-changing defense community it is often difficult to identify practical approaches while navigating the acquisition process.  Defense Acquisition University (DAU) teaches the entire defense acquisition community how to make better decisions by freely providing a roadmap and the necessary tools.  This roadmap often includes instructing students how to think critically, teaching them about government processes, and demonstrating sound acquisition decisions.  In the end, DAU helps people arrive at good acquisition destinations, which ultimately benefit the Warfighter and the American taxpayers. 
 
The South Region Alumni Association of DAU takes DAU's mission even further by ensuring the acquisition community remains up-to-date on federal acquisition policy and industry developments.  To help accomplish this goal, the Alumni Association will host its 7th Annual Defense Acquisition University Alumni Association-South Region Conference & Expo, February 22-23, 2011, at the Von Braun Center, Huntsville, Alabama.

The conference is attended by DoD program and acquisition leadership from the OSD, Army, Navy, Air Force and Marine Corps, as well as industry leaders from across the nation. It is a premier conference to network with current and future program management, and to meet and engage government and industry to gain information on the latest management tools and capabilities.


The conference provides a great opportunity for your organization to exhibit and thereby to provide information about your product and service offerings and capabilities to hundreds of potential customers from both Government and industry.  There perhaps is no better forum where you can exhibit, provide information and discuss your capabilities with program/acquisition managers than at this Conference.

To view the Conference Agenda and to register to attend, visit  www.regonline.com/dauaa-south_conference
For more information, if you have any questions or you wish to sign-up to sponsor and exhibit, contact Ms. Helen Purcell at Helen.Purcell@dau.mil or telephone 256-922-8771.

INPUT Software Subscription Service Now Available for WBCNA GPAC Clients at a Significantly Reduced Rate
 
The WBCNA is excited to be able to offer a software subscription for helping you identify and bid on government contracts.  Our research has shown that the majority of government contractors subscribe to INPUT.  For that reason, WBCNA has established a Channel Partnership with INPUT, the leading provider of government opportunity intelligence, to help small or start-up companies compete for government contracts successfully by leveling the playing field.  Our Channel Partnership includes a subscription to INPUT for one year.

The subscription includes the following Federal Sales Solution
:
  • Federal Opportunities (gain earlier visibility into Federal Opportunities from 6 to 36 months out before the solicitation release date)
  • Federal Government Contacts Database(gain access to 45,000 verified and 280,000 unverified Federal Government contacts)
  • Federal Awarded Contracts Database (gain access to all reportable award data dating back to 1996)
  • Federal Teaming & Company Profiles (identify best fit teaming partners by having access to over 26,000 teaming contacts, 1,800 company profiles, 457,400 vendor profiles and 732,000 small business profiles)
  • Department and agency profiles including intel on pain points, GSA Schedule spending, account planners, a list of top contractors & top 20 active 8a's per department
  • Unlimited training, unlimited logins and unlimited analyst support
  • A dedicated Member Advisor who becomes an extension of your team to assist you in your research efforts 
  •  MyINPUT - Manage marked opportunities, contacts (government & teaming), saved searches with daily or weekly pushes of new opportunities and stay up to date with market news from thousands of publications
  • An INPUT company profile will allow the user to advertise unique value-added solutions which is keyword searchable by our 39,000 users

This partnership with INPUT establishes a special program for WBCNA GPAC clients valued up to $1,000,000 to have access to the same INPUT information as large companies such as SAIC and Lockheed Martin.  WBCNA chose to team with INPUT because of the depth and breadth of INPUT's offering, which includes a detailed database on opportunities, teaming partners, labor rates and task orders, and also because their unlimited analyst support program will enable each user to gain specific research customized to each user.  Additionally, the My INPUT space will allow our clients to set up specific search criteria so that they don't waste time looking at opportunities that do not apply to their company.  When new opportunities arise that fit criteria established by them, or when changes and updates occur to opportunities they are tracking, they will receive an email, eliminating the need to review lots of opportunities that are not appropriate to their business.


About INPUT

More than 2,000 member organizations rely on INPUT for the latest and most comprehensive government market research and analysis. Our members capture over $200 billion in federal contracts annually. Find and track thousands of government contracts from pre-RFP to post-award. Benchmark labor rates, monitor task orders, learn spending trends, find government contacts, teaming partners and more.  INPUT can help answer the following questions our GPAC clients ask:

  • How do I find the best bid opportunities for my company? 
  • How do I know I am on the most favorable team for my company? 
  • How do I know that I am bidding within the competitive range? 
  • What other departments & agencies are large users of my products and service? 
  • How do I expand my sales and business development efforts to target these departments & agencies? 
  • How can I avoid searching through lots of lots of opportunities to find the one good fit for my company? 

In pursuing government business, getting the right information on time is critical. Our GPAC clients need comprehensive, accurate, timely, and relevant information that is not always easy to find. INPUT gives them the expert procurement and market information they need through a powerful Web interface to save them time and help them win government business.

 

In order to develop short- and long-term plans for capturing government business, our GPAC clients need to know which agencies and programs have investment plans and funding and prospects for future funding. The Industry Analysis programs provides growth-minded companies with continuous analysis of the economic, legislative and regulatory factors necessary to compete in the government market, position themselves for the growth markets, and ensure the decisions they make are based on real data, not guesses.

 

The cost for the regular subscription service is roughly $10,000 per year per company, but our partnership allows five (5) WBCNA clients to share our subscription for only $1,972 per company.  If you are interested, please email Stephanie.Sellers@wbcna.org.  Since we can only offer this to five clients, it will have to be on a "first come first served" basis.

WIPP's Women, Money and Opportunity programs offer courses to help you sustain and grow your businessWomenAccCapital

Give Me 5 Training 315: The Ins and Outs of 8(a) Certification
Wednesday, January 12, 2011 2:00 p.m. CST

Join Ann Sullivan for an interview with Regina LePak, President of Frances Construction, Inc. and SBA 8(a) certified company.
Click here to register.

Training 330: Collections and Maintaining Cash Flow
Tuesday, January 18, 2011 2:00 p.m. CST

Cash is king! How can you make sure to collect what you are owed and keep the cash flowing in your business?

  •   You're a creditor - what does that mean?
  •   Collections lawyers - if you think you need one, it's too late!
  •   Payment terms - make your customers want to pay!
  •   Contract remedies - include teeth that keep you out of court!
  •   Collection calls - turn them into business development opportunities!
  •   Final Demand letters - why they aren't necessarily the last word!


Course Instructor: Aileen Pisciotta, Executive Counsel PLC
Participation open to WIPP dues-paying members at no charge.

Click here to register.

Training 130: Understanding Your Funding Sources
Tuesday, January 25, 2011 12:00 p.m. CST

Evaluate and understand various funding sources and discuss the pros and cons of each. A resource list of groups and organizations that help businesses get the funding they need will be provided.

This webinar will explore:

  •   Financial Statements & Credit Scores: What you need to have and know for successful funding
  •   Using Your Money: Owners investment capital and loans, cash draws on credit cards,
  •   and bootstrapping
  •   Using the Money of Others: Friends and family, Banks, AR Factoring and Private equity


Course Instructor: Michelle Hoffman, Hoffman CFO Consulting
Course open to the general public at no charge.

Click here to register.

Source: Women Impacting Public Policy www.wipp.org