January 2011 Topic of the Month: Financing
With the wealth of information and opportunities for entrepreneurs to innovate, connect and thrive, we have decided to bring more focus to our Hannah Grimes Times E-Newsletter by choosing a topic of the month. This month's theme is Business Financing - from the traditional to the newest trends.
Only have a minute? Review one of SCORE's 60-second guides to financing. Have more than a minute? Share how you financed your business with the Hannah Grimes network (a group of veteran and aspiring entrepreneurs) on Facebook, LinkedIn or shoot us an email.
Review this month's resources: Financing Resources. ___________________________________ Well, Here We Are!
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Dan Bartlett, Valerie Woods, MAK & Mike Willett
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Well, here we are! Construction, or to be more accurate, demolition on our First Floor Renovation and Expansion began January 3, 2011. Soon thereafter, we discovered that a cast iron boiler in the space sported the date January 3, 1911 - how cool is that???
This project has been in the planning stages for several years now and I feel fortunate to be working with several people who have been involved since the beginning. Architect Dan Bartlett is a graduate of our Incubator Program - which will be tripling in size with this renovation. John Baybutt of Baybutt Construction, which won the contract through a competitive bidding process, was active on our Building Committee since we purchased the building. And Valerie Woods, now Project Manager for Baybutt, developed preliminary plans for the renovation as part of her Capstone Project while she was still a student at Keene State College. Joining the crew is Site Supervisor Mike Willett and Hannah Grimes Center Coordinator Donna Weldon (not pictured).
We have raised $550,000 for this project and have about $220,000 to go. Thanks to one and all who have supported the effort to date. We are hoping that after about 4 months of construction, we will go from five to fifteen incubating offices. So if you are pondering moving off of the kitchen table and into an environment that can help you grow your business - now is the time!
We will also be creating a Nonprofit Center in the eight office spaces upstairs. If you know of a nonprofit looking to start, downsize or move into an office, please be in touch. Both locations offer a shared conference room, free broadband, a networked copier, and plenty of opportunities to innovate, connect and thrive.
Best wishes for 2011 to one and all,
MAK
Mary Ann Kristiansen
Hannah Grimes Center Executive Director
mak@hannahgrimes.com
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HANNAH GRIMES NEWS & EVENTS
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Cash Flow & Financial Strategies Workshop With Ann & Michelle Connor, AdviCoach Friday, January 28, Noon - 1:30 p.m. Hannah Grimes Center, Keene
 | Learn how to manage your finances & improve profits with tools that increase leads, conversion rates & average revenue per customer. Cost: Free. Audience: "Solo-prenuers" up to med-sized businesses & sales teams.
Keene's Green Business of the Year Award Now Accepting Nominations Keene Cities for Climate Protection Committee Nominations Due February 4, 2011
The Keene Cities for Climate Protection seeks nominations for its Keene Green Business of the Year Award recognizing socially responsible businesses for implementing programs that result in environmental improvements, cost savings, energy conservation, environmental stewardship, greenhouse gas reductions, or resource use efficiency. Last year's award winner was Keene based Filtrine Manufacturing. Nomination information can be found at http://www.keenechallenge.com or by calling 603-352-5474.
This honor is being awarded by the Keene Cities for Climate Protection Committee in partnership with the Hannah Grimes Center, the Monadnock Sustainability Network and the Greater Keene Chamber of Commerce.
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January - June Workshops
Mark Your Calendars Now! |
Entrepreneurial Needs & Offerings*
| Keene Technology Enterprise Center Opens: Workspace & collaboration opportunities for startups and established companies in the Technology and Advanced Manufacturing fields. A variety of office, manufacturing and lab spaces, conference rooms, storage space and on-site parking available. For more information or to arrange a tour contact Don Brehm, 603-363-2706, pdbrehm@myfairpoint.com.
Space Available: 46 Main Street, Antrim. Prime location, affordable for any business, off-street parking. Three units left from $124 - $250 per month (units can be combined for larger space). Call Ken at 603-562-9029.
*The Hannah Grimes Center is posting these classifieds as a service to readers and does not imply endorsement. Add your own classified ad: Send a 20-30 word description of your service or product that is directly supporting entrepreneurs to jen@hannahgrimes.com. Make sure to include the best way to contact you. |
QuickBooks for the Workplace 2010 River Valley Community College Fridays, February 11 - March 18, 8:30 - 10:30 a.m. RVCC Academic Center, Keene
| This six weeks fast moving course is designed for those with above average computer skills though prior knowledge of QuickBooks is not necessary. Participants will be introduced to the basics and the latest edition of software. QuickBooks is the software of choice for small to medium companies due to the multitude of functions and features it offers. Fee: $199; 603-357-2142; http://www.rivervalley.edu.
Sales Leadership With Jon Anderson* KSC Continuing Education Friday, February 17 & 24, 8:30 - 11:30 a.m. Keene State College, Keene
Out of ideas for motivating the sales staff? Need to create heroes instead of being the one everyone leans on? If so, this course is for you. Learn proven techniques for turning the uncertainty of change into a powerful sales generating process. Take away insight, tools and programs you can implement immediately for both short- and long-term sales team performance improvement. Fee: $90. Contact: 603-358-2942, hjasmin@keene.edu; register online: http://www.keene.edu/conted/spring2011.cfm.
*Jon will also offer free sales coaching sessions at Hannah Grimes Center on Tuesday, January 18.
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LOCAL LIVING ECONOMY EVENTS |
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A New Era of Corporate-Nonprofit Partnership NH Center for Nonprofits Wednesday, February 9, 9:00 a.m. - 3:00 p.m. SERESC, Bedford
Explore how nonprofits and businesses can move into a higher level, value-for-value partnership. Jason will share new thinking from his book Social Innovation: Five Strategies for Driving Business Growth Through Social Change and his work on the evolution of corporate - nonprofit partnerships. Fee: Members - $75; Non-Members $150. Register: http://www.nhnonprofits.org; 603-225-1947.
SAVE THE DATE: Affordable Housing Summit Heading for Home Friday, June 3, 8:00 a.m. - 1:00 p.m. Keene State College, Keene
Please join Heading for Home and the Southwest Region Planning Commission for a summit on affordable workforce housing; http://www.headingforhome.org.
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FINANCING NEWS & RESOURCES |
| The first resource we send New Hampshire entrepreneurs with business financing questions to is the New Hampshire Small Business Development Center. You can access their free financing e -courses anytime:
- Financing a Business in New Hampshire
- Finding Money to Start a Business
- Creating a Loan Package
- Creating Financial Projections
- Finding and Attracting Investors
Be sure to review other SBDC webpages - and if you still have questions, schedule a free appointment with SBDC Certified Business Adviser Gary Oden at the Hannah Grimes Center.

What's new in the world of business financing? Find out more about these five financing trends.
- Crowdfunding
- Microlending
- Credit Unions
- Bootstrapping
- Slow Money (The 2010 Hannah Grimes CONNECT Event theme!)
Loans to Match Your Business Needs From NH Community Loan Fund's Website The Community Loan Fund offers financing and training to help self-employed persons and small-business owners become more resilient and secure, grow their businesses and make their buildings more energy efficient.
- Microloans ($1,000 - $10,000)
- Business Builder Loans ($10,000 - $500,000)
- Vested for Growth (up to $500,000 in risk tolerant capital)
- Energy Efficiency Loans (up to $100,000)
Find out more about these offerings.
And if you're still thirsty for more information, be sure to peruse the Ultimate Guide to Financing with information on venture capital, managing cash flow and tips for getting your local request approved.
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2011 Hannah Grimes Center Key Partners
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