Tuesday, November 2, 2010
1. Your First Iteration of an Idea Will Be Wrong
2.Your Friends And Family Won't Understand What You Do
3. You Will Make Less Than Normal Wages For A While
4. Everything Takes Twice As Long...If It Even Happens
5. Titles Mean Nothing. You Will Be a Janitor
6. There Is No Silver Bullet
7. Customers Will Frustrate You
8. You Can't Do It All Yourself
9. There Is No Such Thing As An Overnight Success
10. Building A Team Is Hard
11. There Are Forces Outside Your Control
Also, don't forget about the GLCEDC partnership with SCORE to provide business advising to Livingston County small business owners and entrepreneurs. Visit the GLCEDC website for more information and contact our office to set up a business advising appointment.
Monday, October 25, 2010
Small businesses that grow by creating a new position now through June 30, 2011, are likely to be eligible for the Small Business Job Creation Tax Credit. The web site at http://JobsTaxCredit.
Thursday, September 30, 2010
On September 23, the US Department of Energy published an article about recent economic development in Livingston County. Read an excerpt of the article below:
A car dealership in Dwight, Ill., shut down this year, but recently reopened its doors and 29 people kept their jobs.
Over in Collum, a grocery store that sat silent for three years recently awoke, creating six jobs. And a new coffee shop is now open in downtown Pontiac, bustling with customers sipping lattes and eating muffins.
So what breathed new life into these Livingston County businesses?
Surprisingly, it was the opening of the Streator Cayuga Ridge South Wind Farm, a 300 MW wind farm made possible with the help of $170 million through the U.S. Department of Energy's 1603 grants-in-lieu-of-tax-credits program to the developer.
Read the rest of the article here."We believe in economic gardening," says Larry Vaupel, director of the GLCEDC. "We try to grow our economy from within by nurturing businesses and providing financial assistance for start-ups and expansions."
Friday, September 10, 2010
1. Going it alone
2. Asking too many people for advice
3. Spending too much money on product development, not enough on sales
4. Targeting too small a market
5. Entering a market with no distribution partner
6. Overpaying for customers
7. Raising too little capital
8. Raising too much capital
9. Not having a business plan
10. Over-thinking your business plan
For a full description of each mistake, please view the article here. If you are a small business owner or entrepreneur, don't forget that the GLCEDC and SCORE provide free business advising every 3rd Wednesday from 9am - noon at the GLCEDC office in Pontiac. To set up an appointment, please contact the GLCEDC office by email: firstname.lastname@example.org or by phone: 815-842-2900.
Friday, July 30, 2010
The activation of 3G technology on more than five cell sites will enhance wireless coverage for residents and businesses in communities such as Chenoa, Dwight, Flanagan, Odell and Pontiac. A portion of Interstate 55 also runs through this area of Livingston County. These additional 3G sites build on AT&T’s Central Illinois expansions in Decatur, Champaign, Bloomington-Normal, Peoria and Springfield as part of the nation’s fastest 3G network.
AT&T is an industry leader in delivering the benefits of mobile broadband networks, devices and applications. With the nation’s fastest 3G network, AT&T provides accelerated mobile data speeds and simultaneous voice and data capabilities for an amazing wireless voice and data experience.
The network expansion for the Pontiac area is part of AT&T’s ongoing efforts to drive investment and innovation to deliver the nation’s best, most advanced mobile broadband experience for customers.
The announcement follows Gov. Pat Quinn’s signing of the state’s new, modern telecommunications law designed to attract private sector investment in broadband and wireless to meet consumer demands and attract jobs across all sectors of the Illinois economy.
“The state’s new, modern telecommunications policy passed unanimously by the General Assembly and signed into law by Gov. Quinn made Illinois an attractive place for AT&T to invest in broadband, wireless and emerging technologies,” said Paul La Schiazza, president, AT&T Illinois. “We applaud Gov. Quinn, the legislative leaders and the members of the Illinois General Assembly for their leadership in promoting broadband coverage and job creation in Illinois.
“Today's announcement ensures that more people in Illinois will have access to enhanced broadband technology, which is essential to expanding our 21st century economy,” said Gov. Quinn. “Illinois has created more new jobs than any other Midwestern state this year, and we'll continue putting people to work by encouraging new investment in the latest technologies.
Local legislators were essential in advancing the new telecom policy when it came to a vote in the General Assembly in May. AT&T recognized four local legislators for their support of the measure, State Sen. Dan Rutherford (D-Pontiac), State Rep. Shane Cultra (R – Onarga) and State Rep. Keith Sommer (R - Mackinaw).
Governor Quinn, Attorney General Lisa Madigan, the four legislative leaders ― Senate President John J. Cullerton, House Speaker Michael J. Madigan, Senate Republican Leader Sen. Christine Radogno and House Republican Leader Rep. Tom Cross ― as well as every member of the General Assembly worked to enact the new telecom law and has created a positive economic environment to attract business and retain and grow jobs.
Public Act 96-0927, which updates Illinois’ 25-year-old telecommunications law, was sponsored by State Rep. Kevin McCarthy (D – Orland Park) and State Sen. Michael Bond (D – Grayslake) and co-sponsored by State Rep. Mike Bost (R ― Murphysboro) and State Sen. Randy Hultgren (R ― Winfield). The law, which passed the General Assembly unanimously, was crafted to attract private sector investment in new technologies by leveling the playing field for all telecommunications providers. Gov. Quinn signed the legislation into law on June 15.
“The most important issue for our state is creating an environment where we can keep and create jobs and get our economy moving forward again,” said State Sen. Dan Rutherford . “This new law promised to bring more investment in new telecommunications technologies to Illinois and this great news announcement today delivers on that promise. Mobile broadband helps create job opportunities across all areas of the Illinois economy ― from health care and education to transportation and public safety."
For more information about AT&T’s 3G coverage in Illinois or anywhere in the United States, consumers can visit http://www.wireless.att.com/coverageviewer. The online tool can measure the quality of coverage based on a street address, intersection, ZIP code or even a landmark. For updates on the AT&T wireless network, please visit www.att.com/networknews
For more information, contact:
Thursday, July 1, 2010
Keep up-to-date on all GLCEDC activities through our website: www.glcedc.org
Tuesday, June 15, 2010
Central Illinois SCORE provides free and confidential business advice and counseling tailored to meet the needs of your small business and your personal objectives. SCORE volunteers are real-world professionals with time-tested knowledge who donate thousands of hours to help small businesses succeed. Counselors are experts in such areas as accounting, finance, marketing, management and business plan preparation.
If you are a small business owner or thinking about starting a business in Livingston County and are interested in SCORE advising, please call our office 815-842-2900 or email email@example.com to set up an appointment for June 23. If you cannot make the June 23 date please let us know that you are interested and we'll work out additional dates. Also, please review the information entitled "Planning Your Session" on the SCORE website before your advising appointment.
Wednesday, May 5, 2010
Also, the Illinois Department of Employment Security is offering workshops throughout the state in June, and August regarding Unemployment Insurance and the Work Opportunity Tax Credit. Please take advantage of these workshops if they apply to you.
Tuesday, May 4, 2010
Members of the GLCEDC staff and executive committee recently joined the Village of Cullom to celebrate the grand opening of the Cullom Community Market. A large group of Cullom residents worked together for 2 years to open a grocery store in their small town. They formed a legal corporation, sold shares in the market, purchased a building, and spent many hours volunteering to get the building in shape for opening day.
The Cullom Community Market is a great example of the determination of small town residents and the GLCEDC is proud to assist in the purchase of the Cullom Community Market building. Through the GLCEDC Community Development Infrastructure Grant (CDIG) program, the GLCEDC contributed roughly $13,000 to the project. By supporting this project, and others like it, we are able to promote and provide meaningful economic development to the residents of rural Livingston county. Congratulations to the residents of Cullom for all their success!
The picture includes: Bill Fairfield, County Board Chairman, Vicki Allen, County Board Member, Marge Kross, Village of Cullom President, Larry Vaupel, GLCEDC CEO, Mike Stoecklin, GLCEDC Executive Committee Chairman
For more information on GLCEDC grants please visit the GLCEDC website.
*Picture provided by The Paper
Monday, April 26, 2010
Please RSVP to firstname.lastname@example.org.
In case you need convincing, the business website Small Business Trends reports that 90% of Internet users search online for business in their area and 97% observe online media. There are several easy (and cheap!) ways to create more of an online presence. Many of these topics will be covered at our online marketing workshop. In the mean time, here are links to articles that you may find helpful:
Thinking of Starting a Blog? Tips to Help You Start, Maintain & Grow a Small Business Blog
Start an Online Business
Tips for Taking Your Business Online - Build It, Optimize It, Spread the Word
How Can Small Business Owners Learn Social Media?
Please feel free to leave comments about how you create more of an online presence for your business.
Monday, March 29, 2010
The Patient Protection and Affordable Care Act (H.R. 3590) Implementation Timeline - The Healthcare bill involves taxes and obligations that will come in to effect over the next several years. This article provides a concise timeline of events. It is important to remember that the provisions passed on March 23, 2010 could change based on the Reconciliation Bill that is currently being considered by Congress.
Health Reform Bill: Provisions Applicable to Small Business - This article provides information on the Healthcare bill's provisions that will directly affect small businesses. It also includes a lengthy quote from the Chairwoman of the Senate's Committee on Small Business and Entrepreneurship.
“We are geared up to operate for the economy to improve slowly,” Larry Vaupel said. “We are assuming a slow recovery and are targeting industries that are growth industries. “
Wednesday, March 24, 2010
To read the full article, click here.
"We didn't know what was going to happen, and we took it day by day," Kent Kafer said. "One of the things we did was to take control over our inventory. We were never really concerned that we would close because it's a family-owned business and we don't live really high."
Tuesday, March 16, 2010
Please visit the Pontiac Daily Leader for more on this story.
Monday, March 15, 2010
Small Business Trends One of the best features of this blog is the daily "Small Business News" article. The folks at Small Business Trends keep an eye on all of the other blogs and websites out there for business owners and summarizes the day's news, tips, and training opportunities. That way you don't have to go out searching for things.
Small Biz Survival This blog is specifically for small business owners in rural areas. The blog is run by a small business owner in Oklahoma. It is especially good for those in the tourism industry.
The Wall Street Journal: Small Business This site provides a lot of good national information for small business owners. It provides practical advice and case studies of small businesses. The current headline is "The Best Tax Breaks for Small Business" so be sure to check it out this month.
Lastly, one way that I keep track of the blogs and websites is to put them in my Google Reader account. All you need to do is set up a free account and google will walk you through the process. Another hint with google reader: you can add Google Alerts with your company's name to your Google Reader account. This will allow you to get all the information about what is being said about your business online.
I hope this was helpful! Please feel free to leave us a comment or send me an email (email@example.com) about what we could post that would be helpful to you. Also, don't forget to subscribe to this blog and updates will be sent to you directly.
Thursday, February 25, 2010
Friday, February 12, 2010
You can read the full text of the article online on The Daily Leader's E-Edition page.
"We have thus far invested $500,000 in the Greater Livingston County Economic Development Corporation (GLCEDC),”Fairfield said. “Of this amount the GLCEDC has given $13,000to the Cullom grocery store which has helped that community to once again have a grocery store."
Monday, February 8, 2010
Please follow the link to read the article.
“These opportunities don’t come around very often, especially during the times we are in,” said Larry Vaupel, CEO of the Greater Livingston County Economic Development Council. “The county has lost over 1,000 jobs within the past couple of years, so this would aid us tremendously.”
Thursday, February 4, 2010
- Attracting venture capital
- Making your small company appear big
- Tips for hiring your first employee
- Networking basics
- Ag entrepreneurship
The following video is entitled "How to Become an Entrepreneur" and gives advice for those thinking about starting their own business. Follow the links for more video podcasts.
How To Become An Entrepreneur from NxBizSuccess on Vimeo.
Wednesday, February 3, 2010
- A handbook for starting your business in Illinois
- Links to management guides from the Illinois Entrepreneurship Network and Small Business Development Centers
- Business Planning Assistance
- Information and templates from SCORE
- Links to free Google programs for small businesses
Monday, February 1, 2010
You may also be eligible for up to a 50% rebate of fees upon successful completion of the course. Call 309-268-8166 for more information.
Please follow the link to read the article.
"People are spending three-and-a-half hours a day commuting. This could ultimately put Dwight 45 minutes from downtown" Vaupel said. "That would open up Dwight, Pontiac, Livingston County to others. People would be drawn to the quality of life we have here."
Friday, January 29, 2010
The recovery zone bonds are a financing opportunity through the American Recovery and Reinvestment Act 2009. This bond program makes funding available for both public bodies and private businesses.
Follow the link for the full article.
The Pantagraph states that the Pontiac and Dwight stations will receive upgrades including air conditioning, parking, and lighted message boards and sections of track between Odell and Godfrey will be improved.
See The Pantagraph article for more information on this project.
Tuesday, January 12, 2010
ISU Small Business Development Center Seminar: Starting Your Business in Illinois
SCORE seminar: Mastering QuickBooks
Bradley University Turner Center for Entrepreneurship: variety of seminars for small
business owners or those thinking of starting a small business
Free Business Tax Seminars through the Illinois Department of Revenue
Please go to the GLCEDC Calendar page for more information and links to registration.
Monday, January 11, 2010
Friday, January 8, 2010
Follow the link to begin: www.tax.gov/virtualworkshop