September 2014

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News from Morehead State University
Small Business Development Center

Starting a business online has become an increasingly popular option for many entrepreneurs looking to get instant visibility and access to a massive online marketplace.      

But how do you go about becoming a serious online seller and forming a business around your enterprise?  At what point does your enterprise become more than just a hobby? Do you need a business license, incorporate, and pay sales tax?

Here are some answers to common questions about moving beyond just selling online to becoming a serious online business owner.

 

 

SUCCESS STORY

 

Visit Tyler's website for upcoming tour dates!
A native of Martin County Kentucky Tyler Stephens love for music began at a very young age pushing the buttons on the cassette player at his grandmother house; this later turned into strumming the guitar and many other musical instruments. Tyler was raised only minutes from the well-known Country Music Highway, US 23 which is well known for turning out country greats. Tyler's idol among those is Keith Whitley. 

Tyler played, wrote, and sang music throughout high school. Now at age 21 he has hit the road setting his sights on a successful musical career. Many wonder how he has been so successful at such an early age and Tyler comments, "A lot of hard work; but, mainly I have family, friends, and fans to thank for everything. " Songs from Tyler's album like "Freedom Don't Come Free" are prime examples of the music 
Tyler stresses to deliver to fans. It has become a great success for Tyler and struck listeners all over the country to pay attention to why we are the land of the free.

 

With tour dates planned and success on   the horizon Stephens was met with the financial stresses that come with pursuing a musical career. Stephens was in need of transportation and equipment to continue  his dream of becoming a successful artist. Stephens first visited the Paintsville Small Business Development Center in March 2014 meeting with Michelle Spriggs Management Consultant. 

 

Stephens and Spriggs reviewed his need  for transportation and equipment, funds needed and the process to acquire funding for these purchases. A business plan, projections and marketing plan were developed in the months that followed. In May Stephens received a commercial business loan through MACED allowing him to purchase a van and equipment which allowed him to continue his musical career. 

Stephens tours the United States holding true to his heritage along with his band members. He is known for his straight from the heart traditional country vocals, and hauntingly reminiscence of his idol, Keith Whitley. Stephens is grateful for the services that he received from the Paintsville SBDC and cannot thank them enough for their help. He is living his dream and loving every day of owning his own business. Visit his website for news and tour dates!

 

 

 

Training Schedule
Beattyville
How to Finance a New or Existing Business    10/27/14

Mount Sterling

Small Town Opportunities               10/28/14


 

Click here to register!
morehead sbdc The Kentucky Small Business Development Center is a network of 15 offices located throughout the commonwealth that help existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. These services include: no-cost confidential business consultations, affordable business workshops, seminars and research to help business owners make informed business decisions. For more information or to locate a consultant near you, visit www.ksbdc.org.
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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
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