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Building Your Team
 Learning to Reach Out
                     Presented by:
                    Linda Feltman
                  Business Consultant


(additional slides on E2 & P2 courtesy of PSU SBDC EMAP)
So what is an SBDC?
 •  The SBDC’s are located nationwide – over 1000
    offices serve all 50 states.
 •  Assistance is free and confidential.
 •  In the state of PA all consultants must have direct
    small business experience
 •  At the PSU SBDC we work every day with
    student entrepreneurs.


L Feltman, October 2009
What’s up with all this
                               team stuff?
 •  Success rate increases exponentially with
    the right mix of partners
 •  Life is too short to work with people you
    don’t like
 •  Recognize that as good as you are – you
    don’t know it all and you need to fill in the
    blanks

L Feltman, October 2009
Why a Team?
 •  Good advice from Guy Kawasaki, who states in
    his book, The Art of the Start, “Find a few soul
       mates. Successful companies are started
       and made successful by at least two, usually
       more soul mates. One person may come to
       be recognized as the innovator, but it takes
       a team of good people to make any venture
       work.”
L Feltman, October 2009
So what’s next?
 •  If you’re bootstrapping it, forget the high end
    dream team. Instead look for:
 •  Affordable or free (i.e. SBDC’s, SCORE etc)
 •  An evangelistic attitude toward your business
 •  Raw talent and energy
 •  Enthusiasm and Passion may trump ignorance



L Feltman, October 2009
Finding Your Best
                               Friends
 •  Resources: Faculty, Entrepreneurs, SBDC
 •  Choose Infected People and be willing to share
 •  Understand your goal is not so much to retain
    control as it is to build a good organization.
 •  Lawyers and CPA’s are a good thing.
 •  Change happens. Be prepared. “Times change,
       people change, organizations change” Guy Kawasaki


L Feltman, October 2009
You have the Team – but is your
                             business E and P Savvy?


                 What is Energy Efficiency (E2)?
         Energy efficiency is reducing the use of
         non-renewable energy forms such as
         electricity and natural gas.
         E2 lowers operating costs and contributes
         to your bottom line without affecting
         productivity or safety and improves
         environmental quality.

L Feltman, October 2009
What is Pollution Prevention (P2)?



            Pollution prevention, commonly referred to as
            "P2," is an approach to environmental
            management that focuses on preventing waste at
            its source by increasing efficiency in the use of
            raw materials, energy, water, and other natural
            resources.
            Often, employing P2 strategies can lead to
            significant cost savings in operation.


L Feltman, October 2009
How Can P2 and E2 Help My
                                         Business?


    Pollution prevention and energy efficiency are not just luxuries
    or “environmental things”. They can:
                Reduce regulatory burden
                Reduce operating costs
                Reduce exposure to liability
                Improve employee safety
                Improve productivity
                Improve quality management systems
                Improve public image and provide better environmental
                 protection


L Feltman, October 2009
E2 Examples


    Provide basic maintenance to refrigerator coils and air compressors
    Close blinds during sunny summer days and after sunset in the winter
    Install programmable thermostats ($25 to $100)
    Clean or replace the air filter on your warm air heating system ($15)
    Install compact fluorescent light bulbs in the fixtures you use the most ($10)
    Seal and insulate heating and cooling ducts
    Have heating and cooling systems tuned up every couple of years
    Insulate hot water pipes in unheated basements or crawlspaces
    Install insulating shades for windows or add insulating storm windows
    Install occupancy lighting sensors in infrequently used rooms
    Turn down the water heater thermostat to 120°F
    Set thermostats to 68°F in winter when you are open, and down to 55°F when
  you are away

L Feltman, October 2009
P2 - Examples


      Change material purchasing and control methods

               – Reduce the types of products that serve the same function
               – Rotate stock from back of shelves to avoid expiration before use
               – Buy appropriately sized containers

      Improve housekeeping

               – Keep storage areas clean and organized
               – Immediately return unacceptable items if delivered
               – Repair leaks to prevent loss
               – Can be implemented quickly with little or no capital investment


L Feltman, October 2009
Energy Resources

         The Small Business Development Center’s (SBDC)
         Environmental Management Assistance Program
         (EMAP) (877-ask-emap)
         Small Business Ombudsman (www.epa.gov/sdo)
           717-772-5942

         PA DEP (www.dep.state.pa.us)

         EPA Energy Star® (www.energystar.gov)

L Feltman, October 2009
Cool Books on
                          Entrepreneurship
 •  The Art of the Start by Guy Kawasaki
 •  The Toilet Paper Entrepreneur by Mike
    Michalowicz
 •  Passion to Profits by Rhonda Abrams
 •  So what? who cares? why you?™ The inventors
    commercialization Toolkit by Wendy Kennedy
    www.wendykennedy.com


L Feltman, October 2009
Thanks for listening!

                              Questions?




L Feltman, October 2009

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Invention 2 Venture: Linda Feltman

  • 1. Building Your Team Learning to Reach Out Presented by: Linda Feltman Business Consultant (additional slides on E2 & P2 courtesy of PSU SBDC EMAP)
  • 2. So what is an SBDC? •  The SBDC’s are located nationwide – over 1000 offices serve all 50 states. •  Assistance is free and confidential. •  In the state of PA all consultants must have direct small business experience •  At the PSU SBDC we work every day with student entrepreneurs. L Feltman, October 2009
  • 3. What’s up with all this team stuff? •  Success rate increases exponentially with the right mix of partners •  Life is too short to work with people you don’t like •  Recognize that as good as you are – you don’t know it all and you need to fill in the blanks L Feltman, October 2009
  • 4. Why a Team? •  Good advice from Guy Kawasaki, who states in his book, The Art of the Start, “Find a few soul mates. Successful companies are started and made successful by at least two, usually more soul mates. One person may come to be recognized as the innovator, but it takes a team of good people to make any venture work.” L Feltman, October 2009
  • 5. So what’s next? •  If you’re bootstrapping it, forget the high end dream team. Instead look for: •  Affordable or free (i.e. SBDC’s, SCORE etc) •  An evangelistic attitude toward your business •  Raw talent and energy •  Enthusiasm and Passion may trump ignorance L Feltman, October 2009
  • 6. Finding Your Best Friends •  Resources: Faculty, Entrepreneurs, SBDC •  Choose Infected People and be willing to share •  Understand your goal is not so much to retain control as it is to build a good organization. •  Lawyers and CPA’s are a good thing. •  Change happens. Be prepared. “Times change, people change, organizations change” Guy Kawasaki L Feltman, October 2009
  • 7. You have the Team – but is your business E and P Savvy? What is Energy Efficiency (E2)? Energy efficiency is reducing the use of non-renewable energy forms such as electricity and natural gas. E2 lowers operating costs and contributes to your bottom line without affecting productivity or safety and improves environmental quality. L Feltman, October 2009
  • 8. What is Pollution Prevention (P2)? Pollution prevention, commonly referred to as "P2," is an approach to environmental management that focuses on preventing waste at its source by increasing efficiency in the use of raw materials, energy, water, and other natural resources. Often, employing P2 strategies can lead to significant cost savings in operation. L Feltman, October 2009
  • 9. How Can P2 and E2 Help My Business? Pollution prevention and energy efficiency are not just luxuries or “environmental things”. They can:  Reduce regulatory burden  Reduce operating costs  Reduce exposure to liability  Improve employee safety  Improve productivity  Improve quality management systems  Improve public image and provide better environmental protection L Feltman, October 2009
  • 10. E2 Examples   Provide basic maintenance to refrigerator coils and air compressors   Close blinds during sunny summer days and after sunset in the winter   Install programmable thermostats ($25 to $100)   Clean or replace the air filter on your warm air heating system ($15)   Install compact fluorescent light bulbs in the fixtures you use the most ($10)   Seal and insulate heating and cooling ducts   Have heating and cooling systems tuned up every couple of years   Insulate hot water pipes in unheated basements or crawlspaces   Install insulating shades for windows or add insulating storm windows   Install occupancy lighting sensors in infrequently used rooms   Turn down the water heater thermostat to 120°F   Set thermostats to 68°F in winter when you are open, and down to 55°F when you are away L Feltman, October 2009
  • 11. P2 - Examples Change material purchasing and control methods – Reduce the types of products that serve the same function – Rotate stock from back of shelves to avoid expiration before use – Buy appropriately sized containers Improve housekeeping – Keep storage areas clean and organized – Immediately return unacceptable items if delivered – Repair leaks to prevent loss – Can be implemented quickly with little or no capital investment L Feltman, October 2009
  • 12. Energy Resources The Small Business Development Center’s (SBDC) Environmental Management Assistance Program (EMAP) (877-ask-emap) Small Business Ombudsman (www.epa.gov/sdo) 717-772-5942 PA DEP (www.dep.state.pa.us) EPA Energy Star® (www.energystar.gov) L Feltman, October 2009
  • 13. Cool Books on Entrepreneurship •  The Art of the Start by Guy Kawasaki •  The Toilet Paper Entrepreneur by Mike Michalowicz •  Passion to Profits by Rhonda Abrams •  So what? who cares? why you?™ The inventors commercialization Toolkit by Wendy Kennedy www.wendykennedy.com L Feltman, October 2009
  • 14. Thanks for listening! Questions? L Feltman, October 2009