Nebraska Resources Eship Presentation

Extension E-ship 202 Workshop Nebraska Business Resources that “Fit” May 7 & 8, 2009 Marilyn Schlake Associate Director Nebraska EDGE Program

Session Topics
Phases of the Entrepreneurial Process
Tools & Resources
Confidentiality & Liability

Stages of Business

Stage 1: Seed Challenge: Market acceptance, pursuing business opportunity Focus: Matching opportunity with skills, experience and passion. Deciding on business structure, professional advisors, and planning. Money: Owners, friends and family, suppliers, customers and grants Source: Darrell Zahorsky, Seven Stages of Business Life, about.com

Seed - Tools & Resources :
Evaluation Your Business Idea and Product
http://nebraskaedge.unl.edu/evaluationtool.dot
Intellectual Property Rights
http://www.stopfakes.gov/sf_how.asp
Online Tutorial on Refining Idea Concept
http://www.planeteureka.org/marketplace/workshop/

Stage 2: Start-up Challenge: Underestimated money needs and the time to market. Focus: Establishing a customer base and market presence, conserving cash. Money Sources: Owner, friends, family, suppliers, banks, customers, or grants.

Stage 3: Growth Challenge: Time management, Team leadership Focus: Hiring staff, management efficiencies and processes Money Sources: Banks, profits, partnerships, grants and leasing options.

Stage 4: Established Challenge: Staying competitive, innovative Focus: Improving processes, increasing productivity Money Sources: Profits, banks, investors and government.

Stage 5: Expansion Challenge: Moving into new markets, seed funding, innovation Focus: Expand markets and customers Money Sources: Joint ventures, banks, licensing, new investors and partners.

Stage 6: Decline Challenge: Dropping sales, negative cash flow, declining markets Focus: Cutting costs, preserving cash flow, seeking new opportunities Money Sources: Suppliers, customers, owners.

Tools & Resources
Industry & Market Research
NBDC - http://www.nbdcunk.com/index.html
FedStats - http://www.fedstats.gov/
Headwaters Economics –
http://headwaterseconomics.org/index.php
Nebraska Department of Economics –
http://neded.org
Bureau of Business Research –
http://www.bbr.unl.edu/

Tools & Resources
Legal Structures
Tools for Business Success
http://www.toolsforbusiness.info/success-in-nebraska/index.cfm?cx=cdresourcesNebraska One Stop Business Registration Information
Nebraska One-Stop Business Registration Information System
https://www.nebraska.gov/osbr/cgi/domestic.cgi?/OSBRApplication/init/init/None

Tools & Resources
Business Training and Technical Assistance
NebraskaEDGE Program
http://nebraskaedge.unl.edu
NxBizSuccess.com
http://www.nxbizsuccess.com
Food Processing Center
http://fpc.unl.edu
Nebraska Cooperative Development Center
http://ncdc.unl.edu
E-commerce Training
http://etraining.unl.edu

Tools & Resources Business Training and Technical Assistance Nebraska Business Development Centers http://nbdc.unomaha.edu/home.cfm Procurement Technical Assistance Ctr http://ptac.unomaha.edu/about.cfm Rural Enterprise Assistance Project http://www.cfra.org/reap/home SCORE http://www.score.org

Tools & Resources
Business Training and Technical Assistance
Community College, One Stop Shops
Development Districts
GROW Nebraska
http://grownebraska.org
Workforce Development

Tools & Resources Lending Resources Community Development Resources Rural Enterprise Assistance Project Nebraska Enterprise Fund Partners Development Districts USDA Rural Development Loan Funds SBA Commercial Lenders InvestNebraska 11`

Stage 7: Exit Challenge: Preparation, evaluation Focus: Position business for sale, closing Money Sources: Seek advise for best options to secure assets.

Tools & Resources
Kearney NBDC – Exit Planning
http://www.nebraskaexitplan.com/index.html
Exit Planning - online
http://exitplanning.com/

On-Line Resources
BizInfo Library – James Hill Library
- www.biztoolkit.org
SBA Online
www.sba.gov/smallbusinessplanner
Inc.com
http://www.inc.com/running-a-business
Edward Lowe Foundation
http://edwardlowe.org/
Kauffman Foundation
http://www.kauffman.org

Your Learning Resources
Youth:
Nebraska Department of Education, Career Services
http://www.nde.state.ne.us/entreped/
Consortium for Entrepreneurship Education
http://www.entre-ed.org/

Your Learning Resources
Understanding Business Planning Processes:
SBA Online Primer:
http://www.sba.gov/newcourseprimer/index.html
Interactive Workshops:
http://76.12.53.196/home.aspx?clientid=859267823

Confidentiality
All client information discussed by the client with NBDC personnel is confidential. NBDC consultants are required to sign confidentiality statements and cannot discuss proprietary information about your business with anyone other than NBDC personnel or persons you so designate.
Source : NBDC, Wayne State College

Liability
I request business training and education services from the Nebraska EDGE Program and its partners. I agree to cooperate should I be selected to participate in surveys designed to evaluate the EDGE program. In consideration of the Instructors furnishing education and consulting, I waive all claims against the instructor, Nebraska EDGE personnel and their program partners arising from this assistance.

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Nebraska Resources Eship Presentation

by mschlake on Jun 08, 2010

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