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Ohio SBDC at Columbus State

Regional Service Delivery

How Lucky Is Columbus…

The Results Are In ... Consulting Clients Served: 961 Consulting Sessions: 2,883 Training Events: 90 Training Attendees: 1,718 Jobs Created: 167 Loans/investment capital: $12,844,875 Owners Equity: $2,210,700 Total Capital Infusion: $14,528,200 Sales increases: $1,032,900 Fiscal 2008 Results – Ohio SBDC at Columbus State Community College

The Ohio SBDC at Columbus State provides Technical and professional business management consulting to existing and start-up businesses. All SBDC consulting services are provided at “no cost” to the business. Professional Business Consulting

The Ohio SBDC at Columbus State provides Technical and professional business management consulting to existing and start-up businesses.

All SBDC consulting services are provided at “no cost” to the business.

The Ohio SBDC at Columbus State offers over 75 topic specific seminars and workshops covering pertinent topics For businesses at all stages from start-up to growth and mature. Education and Connections

The Ohio SBDC at

Columbus State offers

over 75 topic specific

seminars and workshops

covering pertinent topics

For businesses at all

stages from start-up

to growth and mature.

Ohio Growth Summit 2009

Ohio Growth Summit 2009

SBDC Free Expert Advice http://sbdcfreeadvice.ning.com

The International Trade Assistance Center (ITAC) Provides consulting and advising in international trade, international business and logistics. Specific services include: Developing export strategies Preparing your product or service for export International legal considerations Shipping your product; pricing, quotation and terms Methods of payment and Financing Export transactions Business travel abroad Selling overseas. International Trade Assistance Center

The International Trade Assistance Center (ITAC)

Provides consulting and advising in international trade,

international business and logistics.

Specific services include:

Developing export strategies

Preparing your product or service for export

International legal considerations

Shipping your product; pricing, quotation and terms

Methods of payment and Financing Export transactions

Business travel abroad

Selling overseas.

The Manufacturing & Technology SBDC (MTSBDC) provides specialized assistance and high end business consulting to manufacturers, technology-based companies as well as individual inventors. The Center’s initiatives are: Continuous Improvement & Modernization ~ Floor layout, process improvements, workforce assessments and training, lean operations… Inventions & Prototyping ~ Product design, modeling, prototyping, market assessment, Intellectual property, R&D grants… Partnering & Commercialization ~ Licensing technologies, capital access, mfg partners, marketing channels, fulfillment strategies… Manufacturing & Technology Small Business Development Center

The Manufacturing & Technology SBDC (MTSBDC)

provides specialized assistance and high end business

consulting to manufacturers, technology-based companies

as well as individual inventors. The Center’s initiatives are:

Continuous Improvement & Modernization ~ Floor layout, process improvements, workforce assessments and training, lean operations…

Inventions & Prototyping ~ Product design, modeling, prototyping, market assessment, Intellectual property, R&D grants…

Partnering & Commercialization ~ Licensing technologies, capital access, mfg partners, marketing channels, fulfillment strategies…

Employ about half of all private sector employees and pay nearly 45 percent of total U.S. private payroll. Have generated 60 to 80 percent of net new jobs annually over the last decade. Create more than half of nonfarm private gross domestic product. Hire 40 percent of high tech workers (such as scientists, engineers, and computer workers). Produce 13 times more patents per employee than large patenting firms. Small Business…

Employ about half of all private sector employees and pay nearly 45 percent of total U.S. private payroll.

Have generated 60 to 80 percent of net new jobs annually over the last decade.

Create more than half of nonfarm private gross domestic product.

Hire 40 percent of high tech workers (such as scientists, engineers, and computer workers).

Produce 13 times more patents per employee than large patenting firms.

Small Business 2009, What to Expect… Economic Downturn Continues to Impact Small Business Small businesses are not hiring as many people Capital spending is down on items not vital for survival Consumer spending is down Economic downturn is impacting businesses downstream Businesses need to stay in contact with everyone from customers to suppliers to make sure they are solvent Competition for scarcer dollars will intensify This is a global crisis…international government action will have an impact

Economic Downturn Continues to Impact

Small Business

Small businesses are not hiring as many people

Capital spending is down on items not vital for survival

Consumer spending is down

Economic downturn is impacting businesses downstream

Businesses need to stay in contact with everyone from

customers to suppliers to make sure they are solvent

Competition for scarcer dollars will intensify

This is a global crisis…international government action will

have an impact

Small Business 2009, What to Expect… Number of Small Businesses Increases Due to corporate downsizing people look to control their through business ownership Estimated that 7% of downsized workforce will look to start a business Number of Solo-preneurs increase

Number of Small Businesses Increases

Due to corporate downsizing people look to

control their through business ownership

Estimated that 7% of downsized workforce

will look to start a business

Number of Solo-preneurs increase

Small Business 2009, What to Expect… Gen Y looks to Small Business Ownership as an Option… Gen Y looks to maintain more control over their destiny Gen Y sees diminishing opportunity in corporate America Entrepreneurship is receiving increased focus in many university business programs

Gen Y looks to Small Business Ownership

as an Option…

Gen Y looks to maintain more control over their

destiny

Gen Y sees diminishing opportunity in corporate

America

Entrepreneurship is receiving increased focus in

many university business programs

Small Business 2009, What to Expect… Green Technology Becomes a Business Strategy No longer a trend “Green” is important as a differentiating factor A cost control strategy relating to power use, etc Drive for less waste drives movement toward paperless business activities Gen Y consumers and entrepreneurs will require “ Green”

Green Technology Becomes a Business Strategy

No longer a trend “Green” is important as a

differentiating factor

A cost control strategy relating to power use, etc

Drive for less waste drives movement toward

paperless business activities

Gen Y consumers and entrepreneurs will require

“ Green”

Small Business 2009, What to Expect… Small Business Turns to Mobile Solutions Consumers and businesses will continue to expand use of mobile tools Gen Y consumers and entrepreneurs drive move to mobile Mobile solutions will allow more work to be done away from the office (including GPS) Current systems will need to be modified to accommodate mobile solutions.

Small Business Turns to Mobile Solutions

Consumers and businesses will continue to

expand use of mobile tools

Gen Y consumers and entrepreneurs drive move

to mobile

Mobile solutions will allow more work to be done

away from the office (including GPS)

Current systems will need to be modified to

accommodate mobile solutions.

Small Business 2009, What to Expect… Social Media Becomes the new “Word of Mouth” Small business will increase the use of no or low cost social media solutions Gen Y drives call for social media strategies Social Media will become a significant customer outreach/feedback tool Social media will begin to justify ROI requirement by creating new sales leads/opportunities

Social Media Becomes the new “Word of Mouth”

Small business will increase the use of no or

low cost social media solutions

Gen Y drives call for social media strategies

Social Media will become a significant customer

outreach/feedback tool

Social media will begin to justify ROI requirement

by creating new sales leads/opportunities

Small Business 2009, What to Expect… Government Intervention Impacts Small Business Stimulus = spending, oversight, regulation Artificially supports ailing firms for a while Uncertainty created by administration change International government actions will impact US business as well as US government action

Government Intervention Impacts Small Business

Stimulus = spending, oversight, regulation

Artificially supports ailing firms for a while

Uncertainty created by administration change

International government actions will impact

US business as well as US government action

Small Business 2009, What to Expect… Banks…What does liquidity mean? Banks are tightening credit requirements Economic condition is weakening companies Small Business must be nibble and adjust…don’t expect your bank to be there if you run into problems

Banks…What does liquidity mean?

Banks are tightening credit requirements

Economic condition is weakening companies

Small Business must be nibble and adjust…don’t

expect your bank to be there if you run into

problems

Small Business 2009, What to Expect… Cash Is King! Small business will monitor cash more now than ever Consumer spending decreases due to uncertainty Financing is not as available as before…maintain cash Emphasis on budgets and performance

Cash Is King!

Small business will monitor cash more now

than ever

Consumer spending decreases due to uncertainty

Financing is not as available as before…maintain

cash

Emphasis on budgets and performance

Small Business 2009, What to Expect… Innovation Rises… Economic stress leads to business innovation Businesses look to add value to current processes many of which will become new, innovative products Businesses look for opportunities in the down market

Innovation Rises…

Economic stress leads to business innovation

Businesses look to add value to current processes

many of which will become new, innovative

products

Businesses look for opportunities in the down

market

Everything is always impossible before it works. That is what entrepreneurs are all about, doing what people have told them is impossible.

Everything is always impossible before

it works.

That is what entrepreneurs are all about,

doing what people have told them is

impossible.

The Ohio SBDC at Columbus State p. 614-287-5294 http://sbdcfreeadvice.ning.com For Information on SBDC Activities