July 2013
Southern Oregon University
Small Business Development Center
The SOU Small Business Development Center (SBDC) provides in-depth, confidential, one-on-one guidance to businesses & prospective entrepreneurs at no fee. We can help you gather information, evaluate, plan, & create systems for your business that lead to greater profit, job creation, & job retention.

Call 541.552.8300 for more information or visit our website at:
 www.sou.edu/sbdc

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A Word from Jack...Jack at desk
On this July 4th holiday, let us all remember the well known sentence from the Declaration of Independence that states,  "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness." So well stated, so profoundly true.

Have a happy 4th and a healthy, enjoyable summer, everyone!

Jack
Client Spotlight
Will return next month with a new client in the spotlight.
July 2013 SBDC Workshops: 

Biz Center 3D
July 11, 2013
6:00 PM to 9:00 PM

July 18, 2013
9:00 AM to 12:00 PM

Get the important information you need to know before you start your business in southern Oregon. This 3-hour workshop provides the "nuts and bolts" and more to help you succeed.
More information.

July 25, 2013 
6:00 PM to 9:00 PM 

  

Are you in the process of writing your business plan? Have you put it off because you don't know where to begin? Are you wondering, "Why write a business plan?"

 

No matter if you are in business now or want to start a business, you'll need a Business Plan! Get the tools and guidance needed to write your Business plan in this 3-hour workshop.  More information. 

 
Medford Chamber Forum:
State of the City
July 22, 2013 
11:30 AM to 1:30 PM
Rogue Valley Country Club, Medford     

Speakers:
Gary Wheeler, Mayor; Al Densmore, City Council President; Eric Swanson, City Manager

Sponsored by:
PRS, Rogue Disposal, and ProCare Software


Click here to register for the forum (includes lunch) 
Rogue Nexus Uplink 
July 30, 2013
Standing Stone Brewery, Ashland

Join other e-business colleagues to have a beer, learn some industry specifics and much more.  
 
Rogue Nexus is an e-business consortium representing Jackson & Josephine Counties of Southern Oregon. Facilitated by SOREDI, the Rogue Nexus was created to identify the region as a hub for e-business, attract talent and companies to Southern Oregon, provide peer-to-peer networking and best-practices for e-business leaders, quantify the value of this industry to our region's economy and host an annual educational conference and other events.

Cost: $10

Click here for more information or Click here to register
Business XPress:
Oregon's Business Portal
This "one stop shopping" website has everything a person needs to get started doing business in Oregon.

Click here for more information
Small Business
Networking Opportunities


Ashland Chamber Greeters
Every Friday, 
8:15-9:30 am


Medford Chamber Greeters
Every Thursday, 
8:00-9:00 am

Phoenix Chamber Greeters
First Tuesday, 
8:30-9:30 am
Click here for more information. 

Talent Chamber Greeters
Third Wednesday,
8:30-9:30 am


Heart of Medford Association
Bi-Annually in May & October

Jefferson Grapevine
Bi-monthly, 
5:00-7:30 pm


BizCenter Dashboard

Have you accessed your dashboard on BizCenter.org?

If not, click here to learn how!
GROW Oregon

Thinking about growth? Wondering what it will take to stay profitable now and in the years ahead?  GROW Oregon's highly experienced advisors have been there, and have the wisdom to help your business thrive!
 
Click here for more information.
International Trade
 
Are you looking to global markets to export or import goods and services? We resources to help you connect to and conduct business around the world.


Hispano Resources
 
The  OSBDCN Hispano Web Resources website provides Hispanic small businesses with business development services, business tools and access to partners also interested in the development and support of the Hispanic business community.
SBDC Online Training 
Click on workshop title for registration information. 
Biz Center 3D
Available until December 31 
This course covers the basics of the many Google products including Documents, Google Chrome, Calendar, Gmail, and how to search Google images and shopping products.  Such things as invoicing clients in the field, providing clients with estimates on site, making appointments, sharing your schedule with key people, and having access to important documents anywhere and anytime are among the advantages of using Google products.

Available until December 31

This introductory course walks you through the steps to create a Facebook page and a Twitter account. This course consists of two sections, Facebook and Twitter.

  

Better, Smarter, Richer 

If you work as a solopreneur - an author, web designer, financial planner, or massage therapist - YOU ARE the business.

 

That's why traditional business advice, which focuses on managing employees, just won't work for you. This online workshop has audio guidance, valuable content, tips, and activities to help solos of all stripes, including creative and encore entrepreneurs, "be the business"...and achieve success. You don't have to be a starving artist! Or a starving retiree! If you have been struggling with how much to charge, who to sell to, or how to find enough time in your day, we'll help you get straight. We'll even help you fire clients who just aren't worth your precious time!

 

We structured this new business advice around stories from people who did what you want to do, just to show that whether you take photographs or provide financial advice, your passion can make you Better, Smarter and Richer. The price includes a downloadable workbook, and the course includes seven modules, each of which is about one hour in length.

 

Tim Berry, business-planning expert and course creator, will talk about his own history as a small-business owner, and provide examples and feedback on common questions for new business start-ups.

  

Learn the difference between "start-up" and "ongoing" expenses, how expenses vs. assets are treated for tax purposes, how to create a sales forecast for your business, how to create an expense budget for your business and the important difference between profits and cash.     

 

Learn what a target market is and what it means for your business, what is it that makes your customers buy from you, how is marketing different from sales, and how do you create a brand for your product or service? Course will also cover what to think about when developing a website for your business.

Learn about the different methods to finance a new business, how to build your management team and how to hire new employees, the difference between a business "pitch" and a business "plan," and how to create and use Plan vs. Actual forecasts for your business. 
Small Business Taxes: Virtual Workshop 

 

This virtual workshop is designed to help a new business owner understand and meet federal tax obligations.

The first 3 lessons are
for everyone, no matter what kind of business you have or whether you have employees. The next 2 lessons will discuss information that may be relevant now-- or that may become relevant once your business has become established. The final 4 lessons are for those employers who already have, or who are thinking about hiring, employees.

Because this is a virtual workshop, 
you can choose the lessons that apply to you.
Free SBA Webinars
http://www.sba.gov/events/

SBA Logo    

The Small Business Administration (SBA) offers various online trainings for small businesses. Most of which are free or low cost. 

Alternative Financing: Dream$avers

Dream$avers is an individual development account (IDA) program that encourages participants to build assets. This program encompasses 3 important branches of development: education, savings and the purchase of an asset.  

 

Dream$avers is administered by ACCESS in Jackson and Josephine Counties in partnership with Neighborworks Umpqua.

 

If you can answer YES to any of the following questions, you may qualify for this exciting opportunity! 

  1. Do you live in Jackson or Josephine counties?
  2. Is your GROSS household income at or below the income limits for the program? Income limits are listed by household size at the bottom of this flyer
  3. Does your total household net worth equal less than $20,000 (not counting your home if you own one and one vehicle)?
  4. Are you eighteen years of age or older and an Oregon resident?
  5. Can you afford to save money and commit to making a deposit monthly for one to three years?
  6. Would you like to save for first time homeownership, starting or expanding a small business, getting your post secondary education?

To learn more or to request an application contact ACCESS at 541-779-6691 ext 355


Dream$avers allows eligible participants to save up to $2000 over the course of 1 to 3 years, and will match it 3:1. That's like receiving 300% interest! Participants receive financial education and additional training and support specific to their savings goal so that when they reach their savings goal and are eligible to make a purchase, they are prepared! 

Moss Adams Monthly Article
Internal Controls
By Christine Watson, CPA & April Stith, CPA

 
Who is responsible for internal controls within your organization? This is an important question that should be addressed.


An internal control is a process put in place by management designed to provide reasonable assurance regarding the reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations. Internal controls consist of both "entity-level controls" such as management review and involvement, and "activity-level controls" such as segregation of duties, safeguarding of assets and reconciliations.


How do you know if you have too many ... or too few controls? The first step is to identify your controls and determine what risks they cover for the financial areas that you are concerned about. Use this opportunity to meet with those people completing the controls and determine if there are any controls that they do not follow and find out from them how their job could be more efficient. Also, you can ask your employees if they know of a way to get around any of the controls put in place and commit fraud.


Fraud can happen when four elements are present: opportunity, capacity, rationalization or attitude, and incentive or pressure. Fraud can come in many areas such as cash, receivables, fixed assets, purchases, payroll, expense accounts, or credit card use. Each of these areas should have controls in place to reduce the likelihood of an employee committing fraud.


When looking at your organization's internal controls, it is important to balance the risk and internal control. Excessive risk can lead to misappropriation of assets or bad business decisions, while excessive controls can lead to increased complexity and reduced productivity. Internal controls are an important element of any successful organization and should be reviewed regularly to ensure they are being followed and benefiting the organization.  

SBA Logo The Small Business Development Center is partially funded by the U.S. Small Business Administration. The support given by the Small Business Administration through such funding does not constitute or express an implied endorsement of any of the cosponsors; or participants' opinions, products, or services. Special arrangement for disabled individuals will be made if requested in advance.