Cévan International is a small nutritional supplement manufacturing firm in Longmont, CO. The name Cévan is Sanskrit and means "to help willingly." The name aptly describes the philosophy of the business, and how Jim Goudelock, owner, describes his experience working with the Boulder SBDC. 

Founded in 1992, the company manufactures nutritional products including vitamins, minerals, botanical extracts and specialty nutraceutical formulations. Its highly successful market niche is smaller, under-served countries that most supplement sellers overlook. These include Ecuador, Kazakhstan, Moldova, Kuwait, and Russia. Outside of the United States, doctors regularly prescribe nutritional supplements as medical treatments, just as U.S. doctors prescribe pharmaceuticals. Cévan is accomplished at clearing the many hurdles related to registration of the projects as medicaments with local health authorities. 

Jim Goudelock was the manager of the international division of a large publicly traded company in 1999 when he had an opportunity to buy his division from its parent company. His strengths were his knowledge of target markets, his relationship with existing customers, and his thorough knowledge of the products and their ingredients. 

As all other new business owners know, you need help learning how to develop and manage your own firm. Jim turned to the Boulder SBDC for help in 2006, and has benefited enormously. Jim calls the SBDC "a treasure" and says that, "it really feels good to know you have the SBDC resources and people to turn to whenever a need arises." Jim credits the Director of the Boulder SBDC with part of his success. "The Boulder Directors depth of experience, forward thinking and insight resulted in a huge leap for my business," he said.

The partnership between Cévan and the Boulder SBDC is a notable example of how government and private business can succeed when they both aspire to help willingly.

The Colorado SBDC would like to pass along a great resource on Colorado fiscal policy and economic recovery data. The Colorado Fiscal Policy Institute runs a Colorado Recovery Watch publication that includes monthly snapshot of economic data, with a special focus on jobs and public-assistance programs. Below a short excerpt from this months update and the entire publication can be found Here.

Colorado's economy continues to show signs of slow recovery. In 2010, personal income grew with increasing strength, consumer sentiment improved and corporate profits rose to new heights. Yet, as laid-off workers begin to look for jobs again, Colorado's unemployment rate inches upward. And while the recovery lurches ahead, enrollment growth in state food- and health-assistance programs continues unabated. Below is a graph showing the rising Unemployment.

This full day event includes: Panels with contracting representatives who will be discussing upcoming contracting opportunities, how to do business with their organizations, and break-out sessions with beginner to accelerated workshops. Federal, state, local and corporate contracting exhibitors will be present, one-to-one appointments with contracting representatives will be available, and this is a great event for networking at the keynote lunch.

Who should attend? Small to mid-sized businesses - beginner to advanced

• Searching for new income sources
• New to contracting: learn the ropes from contractors and experts
• Experienced with contracting: increase your contacts, networking and opportunities; advanced workshops
• Women-owned businesses: learn more about the SBA's newly implemented Women-Owned Small Business Federal Contract Program
• Network with other businesses for partnering opportunities
• Considering certification: types and benefits

Cost: $79/69 for Boulder, Longmont, or Latino Chamber Members

UCAR Center Green Conference Center

3080 Center Green Drive

Boulder, CO 80301

8:30 am - 4:30 pm

Please register at the Boulder SBDC or by contacting the Boulder SBDC at 303-442-1475.

Southern Colorado Small Business Expo

The Colorado Rural Development Council announced that Pagosa Springs/Archuleta County has been selected to host the Fourth Annual Colorado Entrepreneurship MarketPlace.

The MarketPlace will be held on Friday, October 7, 2011 at the:

Ross Aragon Community Center

451 Hot Springs Blvd.

Pagosa Springs, CO  81147

This state-wide event stimulates small business development and rural community growth throughout rural Colorado by offering information sessions on Community Development, Business Development, Marketing, Financing, Diversification in Agriculture, Technology, as well as offering a Youth Track for Colorado's future entrepreneurs.

For continued up-to-date information check the Colorado Rural Development Council website at: www.ruralcolorado.org.

1. First, you must decide what type of business entity you are going to establish. The type of business entity will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation.
2. The type of business you operate determines what taxes you must pay and how you pay them. The four general types of business taxes are income tax, self-employment tax, employment tax and excise tax.
3. An Employer Identification Number is used to identify a business entity. Generally, businesses need an EIN. Visit IRS.gov for more information about whether you will need an EIN. You can also apply for an EIN online at IRS.gov.
4. Good records will help you ensure successful operation of your new business. You may choose any record keeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep for federal tax purposes.
5. Every business taxpayer must figure taxable income on an annual accounting period called a tax year. The calendar year and the fiscal year are the most common tax years used.
6. Each taxpayer must also use a consistent accounting method, which is a set of rules for determining when to report income and expenses. The most commonly used accounting methods are the cash method and an accrual method. Under the cash method, you generally report income in the tax year you receive it and deduct expenses in the tax year you pay them. Under an accrual method, you generally report income in the tax year you earn it and deduct expenses in the tax year you incur them.

This tip is courtesy of the South Metro Denver SBDC.

DeVry University - Keller School of Management

6312 S, Fiddlers Green Circle, Suite 150E

Greenwood Village, CO 80111

9:00 am - 4:00 pm

Please register at the South Metro Denver SBDC.

  
Colorado Springs:

Wednesday, February 16th

Ethical Business Decisions

Business Ethics Aren't Only for Large Corporations

Cost: $20

Colorado Springs SBDC

1420 Austin Bluffs Parkway

Colorado Springs, CO 80933

9:00 am - 11:00 am

Tuesday, February 22nd

Improve Business Operations Through Technology

Cost: $20

Colorado Springs SBDC

1420 Austin Bluffs Parkway

Colorado Springs. CO 80933

11:00 am - 1:00 pm

Please register Here

Larimer County:

Tuesday, March 8th

Are Your Sales Tactics Working

Includes: Little Red Book of Selling by Jeffery Gitomer

Cost: $30

Loveland SBDC Office

441 East 4th Street, Suite 101a

Loveland, CO 80537

2:30 pm - 4:30 pm 

Please register at www.lovelandsbdc.org or call (970) 667-4106.