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Bristol TN/VA <br />February 23, 2009<br />
Are you sure?<br />
What Do These Entrepreneurs Have in Common?<br />Confidence?<br />Competitiveness?<br />
An Idea?<br />Drive?<br />Identified Market Need?<br />
A Plan<br />of<br />Action?<br />Willing to take Risks?<br />
Focused?<br />Goal & Objective?<br />A successful enterprise<br />
Remember as a start-up<br />your place in the food chain<br />
Small Business in Virginia<br /><ul><li>Small Businesses constitute 99% of all Virginia businesses.
Small Businesses create over 60-80% of all new jobs.  
Small Businesses account for half of the Commonwealth of Virginia’s contribution to the U.S. Gross Domestic Product - a wh...
Virginia is for Business Lovers<br />Virginia ranked #1 state for business by Forbes.com last four years.<br />Ranked #1 m...
The Virginia Department of Business Assistance<br />VDBA supports economic development in the Commonwealth by working with...
Formula for Success<br /><ul><li>Critical information for decision making
Well trained and plentiful workforce
Appropriate capital structure</li></ul>Ask VBIC = 866-248-8814<br />
Business Information Services<br />To help businesses get started and to grow.<br />Formation Assistance <br /><ul><li> Vi...
Bridges the 26 state agencies, over 100 programs and over 300 forms that may touch a Virginia business
Virginia Central Business Portal (www.business.virginia.gov)
Covers registration, taxation, licensing
Interactive Business Plan CD
5 Step process to a business plan
 Entrepreneur Express Events
150 Events – 7,500 Trained</li></li></ul><li>Virginia’sBusiness One Stop<br />Are you starting a business?<br />Virginia’s...
Create a Business One Stop account.
Answer a few brief questions about your business.
Receive a list of action items and pre-filled business registration forms.</li></ul>Questions?  Contact the Virginia Busin...
Ask VBIC = 866-248-8814<br />
Growing Your $ales - State<br /><ul><li>Governor’s Executive Order 33
$5 billion market
Access to buyers from 171 state agencies
Additional $5 billion from local governments
575 localities using eVA system.
Small Business Goal – 40%
Over 41,490 registered suppliers
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Virginia Department of Business Assistance Entrepreneur Express Presentation

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Presentation presented by Sandy Ratliff, Virginia Department of Business Assistance, outlining the agency services to new and existing business in Virginia.

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Transcript of "Virginia Department of Business Assistance Entrepreneur Express Presentation"

  1. 1. Bristol TN/VA <br />February 23, 2009<br />
  2. 2. Are you sure?<br />
  3. 3. What Do These Entrepreneurs Have in Common?<br />Confidence?<br />Competitiveness?<br />
  4. 4. An Idea?<br />Drive?<br />Identified Market Need?<br />
  5. 5. A Plan<br />of<br />Action?<br />Willing to take Risks?<br />
  6. 6. Focused?<br />Goal & Objective?<br />A successful enterprise<br />
  7. 7.
  8. 8. Remember as a start-up<br />your place in the food chain<br />
  9. 9. Small Business in Virginia<br /><ul><li>Small Businesses constitute 99% of all Virginia businesses.
  10. 10. Small Businesses create over 60-80% of all new jobs.  
  11. 11. Small Businesses account for half of the Commonwealth of Virginia’s contribution to the U.S. Gross Domestic Product - a whopping $160 billion. </li></ul>Virginia is for Business Lovers<br />
  12. 12. Virginia is for Business Lovers<br />Virginia ranked #1 state for business by Forbes.com last four years.<br />Ranked #1 most business friendly state by Pollina Corporate Real Estate, Inc. last two years.<br />Named #1 best states for business by CNBC.<br />Virginia is for Business Lovers<br />Ask VBIC = 866-248-8814<br />
  13. 13. The Virginia Department of Business Assistance<br />VDBA supports economic development in the Commonwealth by working with new and existing businesses to provide business and economic development communities with:<br />workforce incentives<br />financing<br />business information and counseling<br />state procurement assistance<br />incubator counseling and<br />educational opportunities <br />www.vdba.virginia.gov<br />
  14. 14. Formula for Success<br /><ul><li>Critical information for decision making
  15. 15. Well trained and plentiful workforce
  16. 16. Appropriate capital structure</li></ul>Ask VBIC = 866-248-8814<br />
  17. 17. Business Information Services<br />To help businesses get started and to grow.<br />Formation Assistance <br /><ul><li> Virginia Business Information Center (VBIC) 1-866-248-8814
  18. 18. Bridges the 26 state agencies, over 100 programs and over 300 forms that may touch a Virginia business
  19. 19. Virginia Central Business Portal (www.business.virginia.gov)
  20. 20. Covers registration, taxation, licensing
  21. 21. Interactive Business Plan CD
  22. 22. 5 Step process to a business plan
  23. 23. Entrepreneur Express Events
  24. 24. 150 Events – 7,500 Trained</li></li></ul><li>Virginia’sBusiness One Stop<br />Are you starting a business?<br />Virginia’s Business One Stop system can help you determine your business formation requirements and can pre-fill your business registration forms.<br />Winner of the 2009 Governor's Technology Awards<br /><ul><li>Visit http://www.virginia.gov/bos/index.html to access the Business One Stop System.
  25. 25. Create a Business One Stop account.
  26. 26. Answer a few brief questions about your business.
  27. 27. Receive a list of action items and pre-filled business registration forms.</li></ul>Questions? Contact the Virginia Business Information Center<br />1-866-248-8814 (804) 371-0438 vbic@vdba.virginia.gov<br />
  28. 28. Ask VBIC = 866-248-8814<br />
  29. 29. Growing Your $ales - State<br /><ul><li>Governor’s Executive Order 33
  30. 30. $5 billion market
  31. 31. Access to buyers from 171 state agencies
  32. 32. Additional $5 billion from local governments
  33. 33. 575 localities using eVA system.
  34. 34. Small Business Goal – 40%
  35. 35. Over 41,490 registered suppliers
  36. 36. Over 13,065 participating buyers</li></ul>Ask VBIC = 866-248-8814<br />
  37. 37. Examples of Purchasing:<br />Instant Ice Tea<br />01/01/2009 – 12/31/2009 = $23,455.71 - 46 PO’s<br />Novelty – Specialty Advertising Products<br />01/01/2009 – 12/31/2009 = $152,905.34 - 152 PO’s<br />Grounds Maintenance: Mowing, Edging, Plant (Not Tree) Trimming, etc. <br />01/01/2009 – 12/31/2009 = $14,566,567.94 - 1150 PO’s<br />Tires and Tubes, Passenger Vehicles<br />01/01/2009 – 12/31/2009 = $72,103.64 - 7 PO’s<br />Concessions, Catering, Vending: Mobile and Stationary<br />01/01/2009 – 12/31/2009 = $6,187,712.31- 11,757 PO’s<br />Building Maintenance<br />01/01/2009 – 12/31/2009 = $90,611,650.85 - 9285 PO’s<br />Earth Moving Equipment Rental<br />01/01/2009 – 12/31/2009 = $8,573,333.24 -621 PO’s<br />Cleaning Services, Steam & Pressure<br />01/01/2009 – 12/31/2009 = $3,358,694.55- 303 PO’s<br />
  38. 38. One–on-One Counseling Sessions<br />Need Based:<br />Accessing New Markets/Sales Growth<br />Tailored Sales Development Solutions<br />Financing Resources<br />Social Media for Your Business<br />To schedule an appointment, contact:<br />Sandy Ratliff, Business Services Manager<br />276-676-3768<br />Email: sandy.ratliff@vdba.virginia.gov<br />
  39. 39. Entrepreneur Workshops<br /><ul><li>Launched October 2006
  40. 40. Partnership with Service Providers and localities
  41. 41. Provide information on available resources to start and grow a business
  42. 42. Statewide Program
  43. 43. Free – ½ Day Session
  44. 44. Over 7,500 reached
  45. 45. www.vastartup.org</li></li></ul><li>Growing Your $ales Workshops<br /><ul><li>Business Sales Growth Program
  46. 46. Market Research and Expansion
  47. 47. Financing
  48. 48. Growth Management
  49. 49. Partnered events for SWAM certification and eVA registration
  50. 50. Networking of businesses and decision-makers</li></li></ul><li>Social Media WorkshopsYou-Link-Twit-Face<br />Upcoming Events:<br /><ul><li> April 14 – Dickenson County
  51. 51. April 29 – Wytheville
  52. 52. May 18 – Galax
  53. 53. June 10 – Washington County</li></li></ul><li>
  54. 54. Virginia JobsInvestment Program<br /><ul><li>Workforce recruiting and training
  55. 55. Create minimum 25 net new jobs within 12 months and capital investment of at least $1,000,000
  56. 56. Minimum entry-level wage of $10.00/hr required. Only full-time jobs are eligible.
  57. 57. Small business workforce recruiting and training
  58. 58. 250 employees or less, hiring at least 5 new full time employees within 12 months of operation and capital investment of at least $100,000
  59. 59. Minimum entry-level wage of $10.00/hr required. Only full-time jobs are eligible.
  60. 60. Retraining
  61. 61. Small businesses that are retooling and installing new technologies
  62. 62. Company must retrain minimum 10 full-time employees. </li></li></ul><li>Financing Programs<br />Direct Lending: In partnership with banks and other lenders, we provide direct loans in economic development transactions. We also provide direct loans under specific programs designed to promote environmental stewardship and assist licensed daycare centers and family home providers. <br />Indirect Lending: We provide loan guarantees or other types of credit enhancements to commercial banks in order to increase access to capital for businesses. <br />Conduit Financing: We are the statewide conduit issuer of tax-exempt industrial development bonds for manufacturers and 501c3 organizations.<br />
  63. 63. The VSBFA Does Not Give…<br />Grants<br />Loans or guaranties of loans without collateral<br />Loans or guaranties of loans without personal guaranties from all significant owners<br />
  64. 64. OTHER AVAILABLE RESOURCES<br /><ul><li>Virginia Department of Labor – Apprenticeship Program
  65. 65. Combination of on-the-job training and classroom instruction.
  66. 66. Advantage of skilled workforce and reduced turnover.
  67. 67. http://www.doli.virginia.gov
  68. 68. Virginia Department of Agriculture & Consumer Affairs
  69. 69. Virginia’s Finest Trademark = Marketing program that promotes foods and foods products grown in Virginia.
  70. 70. Facilitates expansion of agricultural businesses.</li></ul>http://www.vdacs.virginia.gov<br />
  71. 71. OTHER AVAILABLE RESOURCES<br />Virginia Business Incubator<br /><ul><li>9 Available in Southwest Virginia
  72. 72. 30 Within Commonwealth
  73. 73. Business Incubator Benefits
  74. 74. Facility designed to assist businesses to become established and sustainable
  75. 75. Benefits
  76. 76. Shared premises and business services
  77. 77. Business advice and mentoring assistance
  78. 78. More details - http://www.vbia.org/</li></li></ul><li>Business Incubator<br />Commercial Kitchen<br />Light Manufacturing Space<br />Shared Amenities<br />
  79. 79. OTHER AVAILABLE RESOURCES<br />Virginia Economic Bridge, Inc.<br /><ul><li>Non-profit organization to promote the economic vitality of SWVA and the Commonwealth.
  80. 80. Virginia’s Business Pipeline – Online searchable database of more than 24,000 Virginia based companies, business to business marketing & RFP resource</li></ul> www.VirginiaBusiness.org<br /><ul><li>Virginia’s Linked Workforce Showcase – Designed to create business partnerships yielding contracts between SWVA and Northern Virginia by connecting companies in specific industry sectors. </li></ul> www.LinkedWorkforceShowcase.org <br />
  81. 81. Starting and Growing a Business<br />Business Formation Assistance<br />Small Business Development Center Network = www.virginiasbdc.org<br />SCORE = www.score.org<br />Virginia Business Information Center = 866-248-8814<br />Virginia Central Business Portal = www.business.virginia.gov<br />Virginia Business Incubator Association = http://www.vbia.org/<br />
  82. 82. Marketing Resources<br />SCORE = www.score.org<br />Virginia Tourism Corporation = www.vatc.org<br />Virginia Economic Bridge, Inc. = www.virginiabusiness.org<br />Virginia Department of Agriculture – Virginia’s Finest Trademark = www.vdacs.virginia.gov<br />
  83. 83. Financing Resources<br />Virginia Small Business Financing Authority = www.vdba.virginia.gov<br />Small Business Development Center = www.virginiasbdc.org<br />Small Business Administration = www.sba.gov<br />Local Economic Development Office or Chamber of Commerce<br />
  84. 84. “If you always do what you’ve always done, You will always get what you’ve always got!”<br />
  85. 85.
  86. 86. Lets Connect:<br />Sandy Ratliff<br />The Virginia Department of Business Assistance<br />276-676-3768<br />sandy.ratliff@vdba.virginia.gov<br />Online:<br />Twitter: http://twitter.com/sandyratliffFacebook: http://www.facebook.com/sandy.ratliff<br />LinkedIn - http://www.linkedin.com/in/sandyratliff<br />

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