January 2014
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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Welcome to 2014!Jack at desk

As we begin 2014, I would like to take this opportunity to thank you for supporting the SBDC  and for helping us to achieve some significant impact results last year. In 2013, our Business Advisers delivered more than 1000 hours of business advising to 350 business clients, resulting in 33 jobs created, 15 new business starts, and $700,000 in new loans or other financing. 

I am personally very proud of the work that is done by our advisers and we look forward to serving you in 2014! Let us know how we can assist.

Be well,

Jack
Client Spotlight
 Renaissance Rose
 

Renaissance Rose is not your typical retail store! Instead they like to put the YOU in "you-nique". Located on the plaza in downtown Ashland, this theatrical community makes for a prime location for this unique retailer. Renaissance Rose is locally owned and filled with extra- special items to create that one of a kind costume or find the perfect gift. Renaissance Rose offers costume rentals not only for Halloween, but special events, themed weddings and parties. Renaissance Rose also has hard to find items like swimsuits in stock year round. Their friendly staff is always on hand to help you have a fun and exciting shopping experience. Ann Wilton has been the proud owner of this Ashland destination since December of 2010. She first sought the Southern Oregon University Small Business Development Center services when purchasing the established business. She has taken advantage of the free one on one business advising,QuickBook courses, and recently attended the Veterans Small Business Management Program. Her goal in the New Year is to enhance the sense of community and educate the public about the benefits of buying local and supporting the "Brick & Mortar" stores in downtown Ashland.   

  
Renaissance Rose 
37 N. Main 
Ashland OR 97520
(541) 488-0119
WebSite

The 2014 Federal Contracting Success Series
 

  

  The Government Contract Assistance Program (GCAP) and the Rogue Community College Small Business Development Center presents The 2014 Federal Contracting Success Series.

 

Eight courses in eight months to kick off the New Year and help you secure, grow, and diversify revenues through federal contracts. This FREE training is offered in cooperation with the Rogue Community College Small Business Development  Center. Classes will be held at the RCC SBDC location at 214 SW 4th Street, Grants Pass, in the 2nd floor conference room. Preregistration is required, and space is limited. Son't wait to register your seat today! 

 

Click here for Registration 

 or call GCAP at (541) 736-1088

Celebrate Small Business- 2014 Nominations:

SBA Logo

  

  

 

Each year since 1963, U.S Presidents have called for a nationwide celebration of Small Business Week to acknowledge the significant contributions of small businesses to the national economy and society.

 

About 98% of the employers in Oregon are small business owners, representing about 350,000 small businesses. Do you know a small business that is thriving, growing, increasing sales or production? Or one that has overcome adversity and is making an impact in the community? Maybe it's even your business? Whatever your connection, this is your chance to support and recognize small business for the impact they have in the community.

 

Take just a few minutes and nominate a business for a Small Business Week Award!

 

The final award categories and more information can be found at www.sba.gov/OR.

 

Thank you so much for your consideration and your ongoing support of SBA and the small business community.

Made in America grants available for Oregon companies: 

  

Do you know of Oregon companies with products or services that are "Made in America"?

Many U.S. companies are eligible to receive up to $75,000 in grant funding from the U.S. Economic Development Administration, Trade Adjustment Assistance for Firms Program, to help fund projects of their choice.

Click HERE to read more about this exciting program.

If you are interested in discussing our program or if you know of any companies that might qualify, please feel free to contact 

Patrick Meuleman, Client Development Manager
NW Trade Adjustment Assistance Center

223 North 6th St, Suite 300
Boise, ID 83702
Fax:  208-343-6856

Phone:  208-343-6855
www.nwtaac.org

Winter Warm-Up Networking Event:

 

When: January 9, 2014 5:30-8:00 PM 
Where: Rogue Regency Inn, 2300 Biddle                Rd, Medford (lower level) 
 

Come join us to worm-up your winter networking! This months program is YOU and YOUR BUSINESS. We'll have a whole evening to network, get to know each other, and benefit from your WESO community (both members and nonmembers).

We'll have activities to meet new business contacts and learn more about each others products and services. Bring your business cards and brochures!

You'll munch on an informal buffet so you can meet a variety of people and get more from the evening. A cash wine bar will be available.

Win door prizes, too! 

January 2014 SBDC Workshops: 
January 16, 2014
5:30 PM to 8:30 PM 

January 31, 2014
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.
 
Business Plan Workshop
January 23, 2014
5:30 PM to 8:30 PM
 
This 3-hour workshop will address the question, "Why write a Business Plan?"  Topics covered include the executive summary, management, business description, services/products offered, market strategy and more.  For additional information, contact the SOU Small Business Development Center at 541-552-8300.  Space is limited, advance registration is strongly advised.

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
Every Third Wednesday, 
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!
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.
Women Entrepreneurs of Southern Oregon (WESO)

WESO is a not-for-profit association dedicated to supporting women entrepreneurs and business owners. Whether you are a business owner, commissioned salesperson, franchisee, or other entrepreneur, your success depends on YOU and WESO can help! WESO offers ongoing support, networking and education in a dynamic monthly forum.
U.S. Bank Connect 
U.S. Bank Connect
Connect from U.S. Bank provides business owners with the tools and resources they need to help start, run and grow their businesses. We strive to demystify the whole range of financial issues business owners face, and offer real, practical solutions that entrepreneurs at any stage can use.
AFFORDABLE CARE ACT 

The Patient Protection and Affordable Care Act , otherwise known as the ACA, enacted comprehensive health insurance reforms designed to improve Americans access to affordable health insurance. Will these new laws and mandates affect your small business?
or
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! 

Recently Released Final Net Investment Tax Regulations
Benefit Small Business Owners

By Fred Reichensperger, CPA and Boyd Westeren, CPA

The 2010 Health Care Reconciliation Act (Affordable Care Act) added the 3.8% Net Investment Income Tax (NIIT). The tax is effective starting in 2013. Under the 3.8% NIIT, rents are among the taxable categories of income. However, rents may be excluded if earned in an active trade or business. Unfortunately, there is not a bright-line test to determine whether a real estate rental activity constitutes a trade or business activity and it was generally thought that a triple net lease would become taxable under the 3.8% tax.

The final regulations clarify this issue favorably by providing that income from a real estate rental activity is deemed to be derived in the ordinary course of a trade or business and thus not subject to the additional 3.8% NIIT in two circumstances. One of these circumstances applies to a common small business entity structure in which a taxpayer's business entity rents real property from the same taxpayer's real estate entity.

I.E. Joe owns a construction company and also owns a real estate rental LLC holding an office building and lot to store construction equipment. Joe's construction company rents the office building and storage lot from the rental LLC. If Joe materially participates in the construction company entity, the self-charged rental rules apply and the rental income received by the rental LLC are not subject to the 3.8%. Material participation refers to active and substantial activity in the activity.

Business owners who are actively involved in their business operations will find these final regulations beneficial. Discuss with your tax advisor how the NIIT will impact your tax situation for 2013 and forward, as many planning opportunities exist.
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.