We are excited to announce two very important business workshops for the regional business community this month, and February.
The first will be held Tuesday, Jan. 19. Title: “Financing Your Business Future,” dealing with access to capital, and how to secure funding for a business. The second workshop on Monday, Feb. 22, is titled “Transitions on Life and Business,” dealing with succession planning and transitioning the ownership of business, and personal readiness. Details of each workshop are highlighted in this article.
“Tools for Financing Your Business Future,” Tuesday, Jan. 19.
How do you understand and navigate through all the options, and understand what is best for you? CEDR and the Clatsop Community College Small Business Development Center are hosting a “Financing YOUR Business Workshop” on Tuesday, Jan. 19, from 9 a.m. to 11 a.m. at the Clatsop Community College Campus in Astoria in Columbia Hall Room 219. Cost is $15.
Oregon’s Funding “Landscape” for borrowers is a moving target, and ever changing. The good news is there are more options than ever for businesses looking to secure funding for their business. From traditional bank or credit union loans to community development financial institution, to crowd-funding loans, community sourced capital options, SBA loans, microloans, owner equity, friends and family, the list goes on and on.
Noah Brockman, MBA, will be conducting the workshop along with the business advisors from the CCC SBDC.
Topics of the workshop include:
• What are lenders and investors really looking for?
• How can I develop a finance strategy to fund my business?
• What types of capital are available in today’s market?
• What do I need to know about crowd-funding?
• What steps should I take to get financing?
• What resources are available to help me?
Brockman leads Oregon statewide Small Business Development Center’s Network Capital Access Team (CAT), the group that provides strategic business advising to SBDC clients statewide on access to capital, business planning and financial analysis. He has worked with the Portland Community College SBDC since 2008. Brockman works with all 19 SBDC centers in the State of Oregon on loan funding requests and packages from businesses of all sizes; from $25,000 to over $10,000,000.
Businesses participating in the workshop will receive two hours of classroom instructions and guidelines for developing your own loan package. Lenders will also be on hand to answer questions. Workshop cost is $15. This workshop will be invaluable in laying out the foundation needed, and the free and confidential assistance the CCC SBDC advisors can provide.
“Transitions In Life and Business,”
Monday, Feb. 22
Transitioning the ownership of business is complex. You need a comprehensive plan which addresses three components: business succession, value enhancement and life purpose.
CEDR, the Clatsop Community College Small Business Development Center and the Cannon Beach Chamber of Commerce are hosting a “Transitions in Life and Business: Preserving Legacy, Enhancing Value and Fulfilling Retirement” on Monday, Feb. 22, with two location options; Clatsop Community College in Astoria from 8:30 a.m. to 11:30 a.m. at Columbia Hall Room 219 OR an afternoon session from 1 p.m. to 4 p.m. in Cannon Beach at the Cannon Beach Chamber of Commerce Community Room at 207 N. Spruce Street. Cost is $49.
Learn how to:
• Execute the transition process for the benefit of everyone involved
• Identify the key personal financial planning decisions that need to be made
• Establish a plan to preserve and enhance the value of your company
• Plan for life purpose and significance in the next season.
The presenters include:
• Arnie Hendricks, a contract CFO who has served over 250 companies through his company, Financial Management Resources, and is a certified management accountant, certified exit planning advisor and certified family business advisor.
• Eric Fry, a certified management consultant (CMC) focused on leadership alignment and overall company productivity.
• Jennifer Fry, president of Advantage Development Consulting, helping individuals create intentional plans for successful transitions for the second half of their life.
• Local financial consultants Constance Waisanen and Linda Moreland from Thrivent Financial, “a not for profit membership organization helping individuals and businesses connect values and finances to help build strong communities.” They both bring many years of experience and expertise to financial planning.
To register for either workshop, or both, email firstname.lastname@example.org, call 503-338-2402, or go to the CEDR website at clatsoped.com, go to the “events” tab at the top, and click on the calendar link to register.
These two workshops are a must attend for those seeking funding for their business now or in the future, and for the 65 percent of businesses in our region that are family-owned.