13 episodes

All You Need to Know to Start or Grow Your Small Business!
Through a combination of interviews and topics presented by your host, Connie Whitesell, you will learn how to: Determine the ideal small business for you and create a comprehensive business plan providing the roadmap for your business success. You will learn how to grow your existing small business through strategic planning, utilizing short-term and long-term marketing strategies tailored specifically to you and your industry, and implement personal and professional success strategies.

For more information and to access show notes, please visit SmallBiz101Podcast.com

Small Biz 101 Podcast Connie Whitesell - Business Planner, Strategist, Coach

    • Business News
    • 4.3, 9 Ratings

All You Need to Know to Start or Grow Your Small Business!
Through a combination of interviews and topics presented by your host, Connie Whitesell, you will learn how to: Determine the ideal small business for you and create a comprehensive business plan providing the roadmap for your business success. You will learn how to grow your existing small business through strategic planning, utilizing short-term and long-term marketing strategies tailored specifically to you and your industry, and implement personal and professional success strategies.

For more information and to access show notes, please visit SmallBiz101Podcast.com

    SCORE - Interview with Letasha Montgomery, Buffalo/Niagara Chapter Administrator - SB013

    SCORE - Interview with Letasha Montgomery, Buffalo/Niagara Chapter Administrator - SB013

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    In this episode we welcome Buffalo/Niagara SCORE Chapter Administrator, Letasha Montgomery!
    If you are starting a business and have not heard of SCORE or have not explored your local chapter, you MUST head there today at www.score.org!
    SCORE is a nonprofit association dedicated to helping small businesses get off the ground, grow and achieve their goals through education and mentorship. 
    Because SCORE's work is supported by the U.S. Small Business Administration (SBA), and thanks to its network of 11,000+ volunteers, SCORE is able to deliver its services at no charge or at very low cost.
    SCORE provides: Volunteer MENTORS who share their expertise across 62 industries Free, confidential business MENTORING in person or via email Free business TOOLS, templates and tips online Inexpensive or free business WORKSHOPS (locally) and webinars (online 24/7) SCORE's 320+ chapters hold events and workshops locally across the U.S. and its territories, and match up entrepreneurs with local, volunteer mentors. In 2016, SCORE helped clients start over 54,000 small businesses!! Next Event! Be sure to check out SCORE's next online event: The Small Business Success Virtual Conference on June 8, 2017.  This half-day event offers educational webinars, exhibitor booths, and networking chat rooms to give you the information you need to succeed as a small business owner. You’ll hear from a number of industry experts as they share insider tips on various aspects of marketing, sales, financing, hiring, choosing a business location and more. Our Guest:
    Letasha Montgomery has been working with SCORE for several years now, initially as a volunteer mentor and most recently as the Chapter Administrator for the Buffalo/Niagara SCORE Chapter. In this interview, Letasha shares with us the many offerings of SCORE as well as some terrific local success stories, including one involving two goats! To reach Letasha for more information about her work or the resources available through SCORE, please email her at LetashaSCOREBuffalo@gmail.com.  Free eBook: Passion to Prosperity: Finding Your Ideal Side Business If you would like more information about how to find your ideal small business, please help yourself to a free copy of my eBook: "Passion to Prosperity: Finding Your Ideal Side Business". Although it was written with side businesses in mind, the process for determining your own small business is very much the same. Ask Your Questions or Share Your Feedback In the comments section of these show notes. At the Scattered to Streamlined Business Coaching Facebook Page By email at smallbiz101podcast@gmail.com Connect with Me At my business website, Scattered to Streamlined Business Coaching Join the Scattered to Streamlined Business Coaching Facebook Page Connect with me on Twitter Subscribe, rate, and review in iTunes

    • 29 min
    Free & Low-cost Resources for Starting Your Small Business - SB012

    Free & Low-cost Resources for Starting Your Small Business - SB012

    Free and Low-cost Small Biz Resources Online: Small Business Administration USA.gov  Entrepreneur.com  Local: Small Business Development Centers  Co-sharing work spaces Service Corp of Retired Executives (SCORE) 1 Million Cups  Local library Business specific: Associations Mentors Task specific: Market research: Small Biz 101 Podcast Episode 9: Research, Research, Research Marketing Online marketing guides and courses American Marketing Association Any business topic: Online guides and courses YouTube Dummies Books! When a Business Coach Makes Sense Where a business coach or consultant comes into play is when you’ve exhausted these resources and still need: Advice personalized to your business Someone with whom you can discuss ideas and narrow down choices Someone to help pull together the plan for you, finalizing the details and developing the action steps Someone to hold you accountable and celebrate the successes! Application Select one or two of the resources to explore. Get started today! Next Episode Interview with Letasha Montgomery, Buffalo-Niagara Chapter Administrator for SCORE Free eBook: Passion to Prosperity: Finding Your Ideal Side Business If you would like more information about how to find your ideal small business, please help yourself to a free copy of my eBook: "Passion to Prosperity: Finding Your Ideal Side Business". Although it was written with side businesses in mind, the process for determining your own small business is very much the same. Ask Your Questions or Share Your Feedback In the comments section of these show notes. At the Scattered to Streamlined Business Coaching Facebook Page By email at smallbiz101podcast@gmail.com Connect with Me At my business website, Scattered to Streamlined Business Coaching Join the Scattered to Streamlined Business Coaching Facebook Page Connect with me on Twitter Subscribe, rate, and review in iTunes

    • 28 min
    Financing Sources for Your Small Business - SB011

    Financing Sources for Your Small Business - SB011

    Find the Right Biz for You Series (Part 10) Welcome to Episode 11 of the Small Biz 101 Podcast – The 10th and final episode of the Find the Right Biz for You Series. We’ve covered quite a bit in past series episodes: Self-assessment Generating business ideas Business styles Business cautions Research - Is your idea a viable one? What will your business idea cost? Now that you have an idea of the business costs, where will that money come from? In this episode, I cover the following sources of funding: Self Family, friends, associates Debt financing Grants Equity financing Crowdfunding Self-funding
    Funding the business with the owner’s own money is the #1 source of financing for most small businesses. It’s also the one I almost always recommend for my small business clients, if they can swing it. Where might your money come from? Inventory your assets You may find you have more assets than you thought. Perhaps, an investment account that’s skyrocketed with the market the last few years. You may find assets you can sell to support starting up your business. Savings From what you currently earn Consider moonlighting for the sole purpose of saving for your new business Personal credit cards If you go this route, be sure to get the lowest credit card rate possible and NEVER be late or miss a payment, as often those rates go up with one missed/late payment. If using a currently-owned credit card, call the card company and ask to have your rate lowered. If using a new card, get one with the lowest rates. Check out these sources to find current offerings for hundreds of cards: bankrate.com, creditcards.com, www.lowcards.com Home equity loan There may be tax benefits to going this route and usually the rates are lower than from other sources. Be sure you will be able to pay it back or you could lose your home. Borrow against retirement 401(k) accounts Last choice source of self-funding. If you go this route, pay it back as quickly as possible. If you lose your job, you will be required to pay the total amount back within a very short period of time. You also will be double-taxed on the money as you pay back the loan with already-taxed money and have to pay taxes again when you withdraw the funds at retirement. Family, Friends, Associates
    People who know you and your work ethic and who like your idea often may be willing to support you. Here are some guidelines to follow: Never ask someone for money who you know may already be in any kind of financial trouble. If, for some reason you can’t pay them back, you’ve not only put your financial situation at risk, but you’ve harmed someone else – someone very important to you. Keep it professional. Like with any financial transaction, keep your interactions business-like. Give the person loaning you money your complete business plan and review in detail the financial section. Keep the emotion out of the interaction and don’t use your relationship as a way of “guilt-ing” someone into supporting you. If the person you have approached declines to help you, accept their answer graciously and move on. Do not let this hurt the relationship. Be sure to put the terms of the arrangement in writing. Include how much you will be borrowing, for what purpose, and what the terms are for paying the loan back. Sometimes it makes sense for you to give your personal connection a percentage interest in your new business in exchange for their money. This may provide tax advantages for the lender and it can incentivize the person to loan you money knowing that if the company takes off, their investment will increase in value. Keep the person updated as to how things are going with the business, even if your news is not as positive as you would like. It’s always better that they know the truth. Pay on time and as you agreed upon. Stick with your end

    • 33 min
    How Much Will It Cost to Start My Business? - SB010

    How Much Will It Cost to Start My Business? - SB010

      Find the Right Biz for You Series (Part 9) Welcome to Episode 10 of the Small Biz 101 Podcast – The 9th episode of the Find the Right Biz for You Series! We’ve covered quite a bit in previous episodes: Self-assessment Generating Biz ideas Business Styles Business Cautions Research - Is you idea a viable one? Today, we’ll get into the numbers. The finances: What you anticipate the costs will be to start the business? What the ongoing costs will be? Determining your cash flow and – the highlight – what is your breakeven point? When will your business turn the corner into profitability.
    Start-up costs
    Even at this early stage, it’s a good idea to at least have a sense of these numbers. They will reveal many critical things to you: How much you will need to begin to open the doors. Whether you afford the business on your own. Whether you need to put off starting the business for a bit while you save money. Should you use other sources of financing? When we think of start-up costs, we often think of these only having to do with the beginning of a business. I suggest that, if you have a business, it’s still relatively new, and you plan on making major changes once you’ve gotten it up and running, consider these new phases of the business to be start up costs as well. Property Down payment, if purchasing space Rent, if renting space + security deposit Build-out Costs Equipment Facility equipment Office furniture Technology equipment Initial supplies Decorating Signage Lighting Starting inventory Licenses, permits, certification costs Professional fees: Accountant Attorney – his/her own fees + incorporation fees Business Coach Graphic Designer Website designer Person who comes to your location to set up your computers and phones Professional Development: Education/Certifications Memberships Professional library Online Technology Expenses: Domain name Webhosting Online Scheduler Online payment processing Opening/Launch Activities: Advertising and other marketing costs Brochures, flyers Business cards Add on 15%. Rarely do actual costs come in below estimates. Give yourself a cushion.  Cash Flow and Break even Analysis
    Estimate of the gross income you anticipate generating on a monthly basis Estimate your ongoing monthly expenses: Rent/mortgage Insurance Utilities Online charges Loan payments Marketing and advertising fees Employee salaries Your salary Ongoing independent contractor fees Inventory costs Taxes Maintenance + 15% Plot these estimates out in a spread sheet deducting the monthly expenses from the monthly gross income to calculate your anticipated net profit or loss. Once at the profit level, begin reimbursing your start-up costs, a chunk at a time. When you reach the point where your income consistently covers your expenses and the start-up costs have been reimbursed, this is your Breakeven Point. Celebrate!!! The cash flow and breakeven analysis will also provide you with valuable information: How much money will you need to set aside to support the business until it reaches a profit point? Do you need to adjust factors around the source of your income (even changing your business model, possibly) to take your business into the black in a time frame that works for you? Can you cut expense estimates to meet your needs? Do you have enough money to start this business on your own or will you need to obtain funding from other sources? Coming up Getting creative with sources of financing: You Your family, friends, and associates Debt financing Equity financing Crowdsourcing Other valuable free or low-cost resources for starting up a small business. Free eBook: Passion to Prosperity: Finding Your Ideal Side Business If you would like more information about how to find your ideal small business, please help yourself to a free copy of my eBook: "Passion to Prosperity: Finding Your

    • 26 min
    Research, Research, Research - SB009

    Research, Research, Research - SB009

    Find the Right Biz for You Series (Part 8) Now that you know what business you would like to start, Should you make the leap into small business ownership? Make sure you've done all of your research before making this decision.  Whether you are in the process of deciding on your business idea or have already made the decision and are working on the market research section of your business plan, follow along for a variety of resources for beginning your search. Three Areas to Explore: The Industry The Competition The Clients/Customers Sources of Information: Industry groups and associations Industry publications, articles, and newsletters/blogs Industry conferences Visit the competition and evaluate - Online and In-person Local Chamber of Commerce Marketresearch.com Census.gov USA.gov Local library Connect with someone already successful in the business Share idea and get feedback from supportive friends, family, and colleagues Develop list of potential customers and survey: Online, phone, email surveys Focus group Free eBook: Passion to Prosperity: Finding Your Ideal Side Business If you would like more information about how to find your ideal small business, please help yourself to a free copy of my eBook: "Passion to Prosperity: Finding Your Ideal Side Business". Although it was written with side businesses in mind, the process for determining your own small business is very much the same. Ask Your Questions or Share Your Feedback In the comments section of these show notes. At the Scattered to Streamlined Business Coaching Facebook Page By email at smallbiz101podcast@gmail.com Please Connect with Me At my business website, Scattered to Streamlined Business Coaching Join the Scattered to Streamlined Business Coaching Facebook Page Connect with me on Twitter Subscribe, rate, and review in iTunes

    • 34 min
    From College Basketball Coaching to Financial Advising - SB008

    From College Basketball Coaching to Financial Advising - SB008

    Right Biz for You Series (Part 7) Can you imagine how scary it might be to transition from a long career in athletics to one in a completely different industry about which you knew very little? Well, today's guest, Jeff Olinger, did it and did it well! Within a short period of time Jeff reached the top 10% level of his new organization, opened his own office, and currently is expanding his business.
    I am excited to present to you this interview in which Jeff tells us how he took the valuable experiences and skills he learned as a college basketball coach and transferred many of them effectively into the financial industry. While his is a story of transitioning from athletics to business, what we discuss applies to anyone moving from one industry to another.
    In this interview, you will hear practical applications of the fundamentals included in earlier episodes of this Right Biz for You Series, as well as tips and resources for continuing to grow a business once established.
    Jeff shares with us his stories about the importance of: Communication and connection with others - in all stages of business development, from researching a new industry to starting up a new field, to increasing success within that field Mentorship Putting vision, goals, and objectives to paper Dreaming BIG! Surrounding oneself with good people   For more information about Jeff Olinger and his inspiring work, please visit: Jeff Olinger Thrivent Financial connect.thrivent.com/jeff-olinger 563-382-1809 Jeff.Olinger@Thrivent.com     Coming Up: I will be continuing the series on finding your ideal small business idea. I’ll be discussing how to determine the viability of your business idea. Does it have legs? We will review current methods for researching your proposed industry, business, and competitors.
    Free eBook: Passion to Prosperity: Finding Your Ideal Side Business If you would like more information about how to find your ideal small business, please help yourself to a free copy of my eBook: "Passion to Prosperity: Finding Your Ideal Side Business". Although it was written with side businesses in mind, the process for determining your own small business is very much the same.
    Ask Your Questions or Share Your Feedback In the comments section of these show notes At the Scattered to Streamlined Business Coaching Facebook Page Personally, by email at smallbiz101podcast@gmail.com Please Connect with Me Let's schedule a free consultative call to discuss your small business needs and questions! You may reach me:
    At my business website, Scattered to Streamlined Business Coaching Join the Scattered to Streamlined Business Coaching Facebook Page Connect with me on Twitter Subscribe, rate, and review in iTunes

    • 26 min

Customer Reviews

4.3 out of 5
9 Ratings

9 Ratings

Kuldrin ,

Priceless Information

Out of the 40+ podcasts I listen to, this is one of three I listen to at home instead of in the car so I can take notes. The information she gives away in this podcast has saved me from commiting several business blunders. If you have any thoughts of starting a business or even if you already own your own business there are tidbits to mountains of gold in every episode.

DerekSteinmetz ,

Its like a business coach in your pocket!

Once I found this show, I listened to all the available episodes in one day. It is clear that Connie knows a lot about small business. Her decades of experience workin in and owning small businesses make her uniquely qualified to host this show. Its like a business coach in your pocket. Don't miss this show!

jamesnewcomb.io ,

Good all around podcast.

Great production quality, and a knowledgeable host. Off to a great start!

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