Subscribe to Region 10

Small Business

Steps For Starting A Small Business in Colorado

Steps For Starting A Small Business in Colorado

At Region 10, we’ll be the first ones to say that starting a small business is no easy task. It requires a great deal of planning, persistence, and a true passion for what you do. That’s why we launched our non-profit organization back in 1972; we saw a need for more small business resources throughout Delta, Gunnison, Hinsdale, Montrose, Ouray, and San Miguel county. It is our mission to help people who are starting their own businesses get the small business loans and business development guidance they need to get on their feet.

Here at Region 10, we pride ourselves on the success we’ve had helping locals in these six communities bring their small business plans to life. From getting them small business loans and helping them develop a business plan to hosting small business courses through the Small Business Resource Center (SBRC), we’ve helped hundreds of local, non-profit, and small businesses over the years. Considering joining our Business Loan Fund (BLF) or Registering for Business Assistance? Here are some steps to follow as you start your small business with us.

Do Plenty Of Research

Aside from deciding you’re ready to make your small business dreams a reality, the first real step toward starting your own business is doing plenty of background research. Read about different business entities and decide which kind best fits your goals. Consider whether you’d like to be the sole proprietor of the business or you need others to help you take it on as a limited liability company (LLC). This decision will determine the taxes and liability associated with your business, so be sure to do your research and make an informed decision.

After figuring out what kind of business you’re going to start, do some research about Colorado business registration and trademarking your business name, what licenses and permits you need, which building to rent in your area, and how to your manage funds with an accounting system. It’s critical for aspiring small business owners to conduct this basic research about starting a small business so they know what they’re getting into before it’s too late.

Identify Your Purpose

All technicalities aside, it’s also important to look up your competitors and identify your target audience. Ask yourself: “What makes my competitors successful?” and “Who am I trying to target with my product/service and how can I reach them?” These questions are critical to understanding the industry you’re trying to break into, and a little research goes a long way when you take the time to break it all down in the brainstorming phase.

All too often, aspiring small business owners miss the mark and market their business to the wrong audience, giving their competitors the upperhand. To avoid this and give yourself a far better chance at success, sit yourself down with a pad and paper and outline exactly what you are trying to accomplish and how you plan to do it.

Of course, there are plenty of resources available to help you do this, and you should never hesitate to reach out to us if you’d like to attend one of our classes about marketing strategy and planning, branding your business, customer service, or any other aspect of starting a small business that targets the right consumers. We would be happy to share our knowledge and experiences with you!

Develop A Business Plan

Once you’ve done your initial research about the technicalities associated with starting a small business and identified your purpose, it’s time to develop a solid business plan. Essentially, this is your step-by-step plan of execution for how you will start and maintain a successful small business in Colorado. In this document, you’ll include your company description, source of revenue, your products and services, your strategy, your financial plan, and more.

This varies by business, of course, so if you find yourself getting stuck or aren’t sure what to include, look up the business plans of competitors in your industry and model yours after them. Or, if you would like professional guidance, attend a small business course at the SBRC about how to write a business plan and then implement the things you learned.

Find A Source Of Funding

Finding the funds to start a small business can be tricky and even frustrating at times, given that only a fraction of aspiring small business owners actually have the money required to get started. Luckily, there are many funding options available for startup businesses in Delta, Gunnison, Hinsdale, Montrose, Ouray, and San Miguel county, and we can help you get the funds you need through our Business Loan Fund.

As a non-profit, Region 10 has formed its BLF from the Colorado Development Block Grants, the Small Business Administration Microloan Program, the USDA Intermediary Relending Program, and Repaid or “Revolved” Loans. Our partnerships with these organizations have allowed us to provide small business loans to hundreds of local, non-profit, and small businesses in these six communities over the last few decades, and we would be happy to consider your application if you are eligible. If you are interested in applying for a small business loan with our BLF, fill out the Application Information and Business Plan Essentials sheet and build a business plan using the SBA template and tutorial.

Assemble Your Team & Start Promoting Your Business

Now it’s time for the fun part! Once you have all the technicalities in order, you can put your team to work and start promoting your business. You’ll need to create a unique selling proposition, a marketing plan, and think up other ways to promote your business, which you should have fun and be creative and with. Think of all the work you’ve put into your small business up to this point and how you’re starting to see it pay off. Take pride in your accomplishments and celebrate them with your team while you embark on this adventure together. Trust our business experts at Region 10 when we say that you earned it, and contact us for any small business development help you may need along the way!

Signs Your Small Business Will Succeed

Getting a business off the ground can be a bit tricky. Here at Region 10, we know this intimately, but that’s also why we are here. We offer business resources and classes for Montrose, Hinsdale, Ouray, Gunnison, Salida, San Miguel, and Delta County at our range of regional offices. If you’ve gotten your small business up and running, or are looking to start one, and want to know how your business is doing, we have a range of signs to give you a basic idea. None of these are guaranteed to tell you if your business will succeed, but a healthy income and these signs are good indicators.

You’re Not the Only Person Doing the Work

If you are working on your business and you’re alone, it’s best to get a bit of help. Doing things the hard way can work for a bit, but covering everything from accounting to running the counter and doing inventory is beyond difficult, it’s irresponsible and mistakes are bound to be made. A select few people can do this for a time, but the bottom line is that this isn’t scalable and, eventually, you will need to hire on more people. Being able to trust others in elements of your day-to-day running of the business is important and helps the business thrive in a variety of ways.

Your Business is Flexible

Having a solid business plan is important, but being able to make adjustments when issues are found in the plan or structure of the business is critical. By being able to make changes in business, you can adjust as necessary and find what really makes your business thrive.

You Make Decisions with Legal, Marketing, and Accounting in Mind

Every single choice you make will affect your company. If you have a big idea for a new product, service, hire, or whatnot, having your legal, marketing, and accounting specialist or departments in agreement, it means it’s a good call and a good sign. These three areas not only affect each other, but are critical to your success. Marketing can give you feedback about your services, products, and outreach. Legal specialists can help you understand potential legal issues and how to avoid them. Your accountant will inform you about the financial impacts of the move and their benefits. If you are making big decisions with these three areas in agreement, you’re on the right track.

You Plan For the Future

Looking at quarterly goals is important but, a business that only looks at the short term will almost always fail. As you get started, remember to plan out your business’s big steps. Keep in mind that there are often hold-ups and market fluctuations that businesses have to weather. Having a solid business plan from the get-go and keeping it up to date as you go along can help you to keep a solid plan and idea for how to weather the worst of it.

Your Network is Growing

As your business grows, your network and resources should grow with it. Reach out to regional organizations and increase your reach online and in social media. These days businesses make it or break it largely from their online presence. If your networks are constantly expanding then you are doing it right and your reach will help to keep you afloat whether your business is E-commerce or local business in scale.

You’re Receiving and Responding to Customer Complaints

When you get customer feedback, it’s good to look for patterns. If a lot of people are complimenting one aspect and critiquing another, and you are changing it, then you’re ahead of the curve. An adaptive business that listens to customers is a great way to turn from a good business to a great business, and often times that is the difference in success.

You Invest in Your Business

Any business can use constant upgrades and investments. This can mean extra help, more marketing, or better equipment. But having an eye for what is needed and where, and then getting what your business needs, when you can afford it, is a great way to know that your business won’t stagnate.

Although none of these signs are guarantees of success, they are good to keep in mind when reflecting on your business practice and growth. If you live in Montrose, Hinsdale, Ouray, Gunnison, Salida, San Miguel, or Delta County in Colorado, Region 10 is the small business resource center for you.

Region 10: Small Business Mistakes to Avoid in Colorado

Starting a small business isn’t easy. But nothing worth doing was ever easy. If you plan on becoming a successful small business, then you need to be able to avoid making the mistakes that small businesses often make. What follows is our list of tips for small business owners. There is certainly more to it than this, but the basics are here. If you are interested in more, we at Region 10 offer small business training and classes, along with a wide range of small business resources and small business loan and grant opportunities.

Not Doing Your Research

One of the most important aspects of any large venture, let alone starting a business, is knowing what you are getting into. Oftentimes, a business starts as an idea, and then gets in trouble as unexpected and unforeseen issues come up which can quickly land the business in trouble in a number of ways. Before you start a business it is best to start by doing research. If you are reading this right now, then you are on the right track. A successful business requires insurances across a range of areas, licensing, inspections, an address, a property, a legal entity (like LLC or sole proprietorship), startup capital, equipment, employees, and a range of legal and financial obligations that it must meet. When starting a business, talking to other business owners can give you a much better idea of what you should be looking at. If you do this well enough, you should already have most of this list in consideration.

Starting a Business Without an Official Legal Entity

It’s tempting to go from idea to action, because it’s not illegal, but it’s also not smart. By creating a legal entity for any businesslike endeavor is a very smart move. Different entities provide different but similar legal frameworks in which to operate, but all of them provide perks to different degrees. Like before, research is key. For instance, an LLC can provide you with limited legal protection from debts and obligations of the business, but a sole proprietorship does not. Similarly, owning an LLC requires you to be a US Citizen in the United States. But this is not a requirement of an S Corporation. Getting a business started is surprisingly cheap. Starting an LLC here in Colorado takes a mere $70.

Not Enough Capital When Starting out

Starting any business is not cheap. That’s why people often times opt for business loans to help them get started. Before you take out your business loan, you need to plan for how much money that will take. When doing the math, remember that there will be hard times, licenses of different types will take time, and depending on your location, may have to come from different county or city entities.

Not Planning for the Down Times

This is a critical element to starting a small business. When you are running your budget you need to take in all of your assumed start up costs, then have a good estimation of how much you will take in based off of market projections. If it looks like you will make twice as much money as you will cost in your first year, then you might succeed. Businesses will have good times and bad times. Sometimes a good business model with great products can fail because the owners didn’t adequately prepare for the down times.

Partnering with Friends and not Business Partners

When people enter into a business they are entering a legal partnership with requirements to meet, much like a marriage. When in a partnership it is important to treat your partner as a business partner, because that is what you two are. Joking and friendship are great but can really get in the way of honest communication and effective decision making. If you are set on creating a partnership make sure that it is not a 50/50 partnership, Having a 51% and 49% partnership or similar can be an effective way to prevent infighting because at least one person can make decisions during a tie.

Knowing the Industry but not the Market

Many small business owners are guilty of this. You might be the best painter in all of Delta county, but if no one has heard of you and you don’t have a way of entering the market, your business will suffer. Many people starting a business, are excellent at their trade but lack the understanding of the market around them. Here at Region 10, we offer a range of marketing and market analysis classes in order to teach new generations of Coloradan businesses how to thrive against all odds.

We hope that these tips can effectively get you started down the road to small business success. Here at Region 10, we serve Delta, Gunnison, Hinsdale, Montrose, Ouray, and San Miguel County in the Mountain west of Colorado by providing small business loans, classes, and other resources to help our small business get off the ground and thriving. Contact us today to learn more!

Crested Butte Yoga Studio Gets a Boost from Region 10’s Loan Fund

Crested Butte Yoga Studio Gets a Boost from Region 10’s Loan Fund

Yoga for the Peaceful in downtown Crested Butte has offered yoga classes for residents and visitors alike for the past 10 years. In June, new owner Brittany Phelps opened a second yoga studio geared toward the local, full-time residents of CB South, Crested Butte’s bedroom community seven miles south of town.

Phelps sought to remodel a 600-square foot garage space to house her new yoga studio at 310 Elcho Avenue. She contacted Crested Butte Bank seeking a $10,000 business loan to do the remodel and purchase yoga mats and other props. As a new business, however, with no credit history and possessing few assets, she was unable to get a bank loan, she said.

Crested Butte Bank steered Phelps in the right direction when it encouraged her to contact Region 10 League for Economic Assistance and Planning in Montrose.

Phelps met with Region 10 Business Loan Fund director Dan Scinto, who explained the process of obtaining a small business loan, looked over her business plan, and assessed whether she would be able to pay back the $10,000 loan.

“We were able to approve the loan,” Scinto said. “Region 10’s Loan Fund fills the gap that exists in the banking industry.”

Since 1972, Region 10’s Business Loan Fund has helped 250 local businesses and nonprofits with more than $9 million in loans.

“We like to leverage public and private dollars on projects that we work on,” Scinto said. “We typically work in partnership with banks on projects,” though sometimes, like in Phelps’ case the Loan Fund is the sole lender.

Within a few weeks of acquiring the loan, the remodel was completed, and Phelps was in business. CB South’s Yoga for the Peaceful grand opening took place June 6 – an event Scinto attended.

“The Loan Fund takes a vested interest in the business’s success,” Scinto said. “It’s a place to develop a business and technical relationship.”

Phelps has already hired five yoga instructors and plans to employ six additional teachers this fall.  The studio offers different styles of yoga, and 20 different classes, ranging from beginner level to intermediate. Phelps is also looking to become a teacher-training center; she already offers workshops in various specialties.

“Our slogan is ‘all types of yoga for all types of bodies,” Phelps said.

Phelps started repayment of the loan two months after she closed on it.

“It was very affordable,” she said. “Interest rates are half of what they would be at a large bank.”

Region 10’s assistance didn’t end there. Phelps has continued to consult Scinto and Region 10’s Small Business Resource Center about various issues, such as bookkeeping and marketing.

“Region 10 is such a strong asset and resource for me as a small business owner,” Phelps said.

It’s important to note that Region 10’s Business Loan Fund program provides ongoing technical assistance throughout the term of the loan, Scinto said.

Region 10 Business Loan Fund serves 18 local communities in San Miguel, Ouray, Montrose, Hinsdale, Gunnison and Delta counties.

For more information visit: www.region10.net/blf/. Scinto can be reached at (970) 765-3126, or email: dan@region10.net

To see a schedule of classes, or for more information about yoga in Crested Butte and CB South, visit www.yogaforthepeaceful.com.

Telluride Active Apparel Company Benefits from Region 10 Loan Program

Telluride Active Apparel Company Benefits from Region 10 Loan Program

Kelly and Will Watters were working as skiing and fly-fishing guides when they began searching for functional, yet stylish clothing that would be stretchy, breathable, and water-resistant, and also appropriate for wearing downtown to meet a client.

“We started out of a personal need,” said Kelly, who with her husband founded the active apparel company Western Rise in 2014. “We discovered a lot of clothes were not the style we were looking for. They were not something we’d wear every day. We were hunting for more classic, timeless clothing we could incorporate into our wardrobe.

“We wanted one set of apparel that would perform for all of those things; less is more.”

Looking to grow their company, the Watters turned to Region 10, a Montrose-based nonprofit that offers assistance for new and expanding businesses in six western Colorado counties. The Telluride-based company got a major boost in June after it received a loan from the Rural Business Loan Fund Statewide Collaboration through the Colorado Office of Economic Development and International Trade.

“It’s a new funding source available; Region 10 was the first Loan Fund in the state to successfully disburse the funds,” said Region 10 Business Loan Fund director Dan Scinto, noting there are additional funds available for similar start-up projects.

The loans are geared toward businesses in underserved markets (the Western Slope, for example where there is less access to capital). The program also distributes loans based on the companies’ merits – “the people operating the business versus the proven cash-flow of the business,” Scinto said.

Will Waters is a third-generation fiber manufacturer who understands how to custom-design fabrics to be high performing.

“They have a true passion for the fibers and the process of materials that go into their products,” Scinto said.

Region 10 provided valuable business advice and helped them navigate the loan application process, Kelly said.

The loan they received allowed the Watters to grow their team, focus on reaching “higher sales goals,” and purchase inventory. Western Rise generally launches new collections seasonally, but is looking to move toward a monthly collection launch, Kelly said.

The company brought on three new employees this year, doubling its team members from three to six.

“We expect to add two more employees in spring of next year,” Kelly said. “We’re trying to grow our base office in Telluride. It’s been a great community for our business. Telluride is an awesome place to product test – if it holds up in Telluride, it will hold up anywhere.”

Region 10’s Business Loan Fund assists local businesses and non-profits located within Delta, Gunnison, Hinsdale, Montrose, Ouray and San Miguel counties. The Business Loan Fund focuses on loans that help create or retain jobs, and/or establishes or expands needed businesses in the region.

Two Colorado Companies to Watch Based in Western Colorado

Two Colorado Companies to Watch Based in Western Colorado

 

Two Western Slope-based businesses were each named a 2017 Colorado Company to Watch – an award recognizing companies that have passed the start-up stage, are growing, and contributing to their local economies.

ShadeScapes in Hotchkiss, and Mayfly Outdoors in Montrose – were among the 50 companies honored this summer at the Colorado Companies to Watch ninth annual Awards Gala in Denver. More than 500 companies throughout the state were nominated.

Jo Edmondson, ShadeScapes founder and CEO, distributes high-quality shade products such as umbrellas and cabanas, for five different companies in Belgian, South Africa, Montreal, and Germany.

With a warehouse in Delta and an office and showroom in Hotchkiss, Edmondson employs 14 people – including two in Delta and 10 in Hotchkiss. ShadeScapes sells to contractors, landscape architects, dealers, designers, commercial businesses and private homeowners.

The Rural Economic Development Initiative awarded a $65,000 grant to Edmondson toward the purchase of a 1905 mercantile building in downtown Hotchkiss because of the company’s potential to revitalize a depressed part of Colorado. The building at 122 Bridge St. was purchased and renovated in 2015, and the company moved in March 2016.

Not only has Edmondson created jobs in the North Fork Valley – an area hurting from coal industry job losses – the showroom has “breathed some life into the community,” Edmondson said, by serving various nonprofit groups after hours. Delta County Memorial Hospital, Rotary Club of the North Fork Valley, the Hotchkiss Chamber of Commerce, and Kid’s Pasta Project have all used the building for events and/or meetings.

Nancy Murphy, director of the Small Business Development (Region 10) and West Central SBDC, Satellite Office in Montrose, nominated ShadeScapes for the award because of the “amazing” things the company is doing for the community.

“They’ve turned the building into a hip, urban style office that showcases their stunning shade structures in downtown Hotchkiss, which has added vibrancy to the community,” Murphy said.

Being named a Colorado Company to Watch is a big deal, Edmundson said.

“We’re definitely energized by it; we’re grateful for it. It will help get the word out about who we are – we’re a Colorado company, with beautiful products in a small town.  The award helps us to spread our wings.”

Each of the 50 winners is expected to host an event that publicizes their awards.

“We’ll do that in Hotchkiss (October 6) but we also want to tell our story around the state and so we are going to go on a tour,” Edmundson said. “We’re going to have pop-up showrooms in Aspen and Denver.”

The Western Slope’s other Colorado Company to Watch – Mayflower Outdoors – is an outdoor product investment company that focuses on businesses that are under-managed, or under funded, said Mayfly president David Dragoo.

“We take over, operate them and turn them around,” he said.

Dragoo founded Mayfly in Colorado Springs in 2012, from where he already operated two businesses – Abel Reels and Charlton Reels, makers of fly-fishing reels and accessories. He moved his company to Montrose in August 2016 after purchasing Ross Reels, a Montrose business founded in 1983. Mayfly’s office and factory are located at 11 Ponderosa Court. The company employs 50 people  – 33 in Montrose, and 16 in California.

“The award brings recognition to Montrose and is good for the community,” Dragoo said. “And it’s beneficial for local and statewide recruiting. One of our goals is to create more jobs here.”

Dragoo is encouraging other businesses to set up shop in Montrose with the development of a business park along the Uncompahgre River where he has purchased property and is building a new factory for Mayfly. Dragoo is also improving fish habitat along a stretch of the river and is partnering with Montrose, the city recreation district, and Great Outdoors Colorado to construct a walkway along the river.

“One of our goals is to create a nice path, a good place to fly fish, and quality fish habitat,” he said.

Being named a Colorado Company to Watch shows that Montrose has a “compelling economic environment for business people like us,” Dragoo said.

Both Murphy and Montrose Economic Development Corporation executive director Sandy Head nominated Mayfly for the award.

“They’re working to develop (the riverfront property) into an outdoor recreation manufacturing hub – along with other businesses,” like restaurants and brewpubs, Head said. They’re going to develop a piece of land that has been idle for years. It will attract other manufacturers. Mayfly is most deserving of Colorado Company to Watch.”

BLF Helps Boost Power Logic Electrical and Telluride Window Coverings

Most small business owners have a hard time imagining doing more than one business at a time. Not Steve Peirick. This is a guy whose entrepreneurial spirit works like a snowball rolling downhill—starting off small, quickly growing as it gains momentum, and becoming a force to reckon with in due time.

As owner of Power Logic Electrical and Telluride Window Coverings, Peirick has become a fixture in the Western Slope business community over the last decade. And he is working to increase his investment into the Western Slope with some help from Region 10’s Business Loan Fund.

Peirick first crossed paths with Region 10 back in 2013. He reached out to the organization’s small business development wing when he was looking to grow Power Logic Electrical, his electrical contracting business that served primarily Telluride.

“I first worked with Vince Fandel, who helped me with cash flow for Power Logic Electric,” Peirick comments. “I got to know Region 10 well, and enjoyed working with them because they were focused on creating jobs and supporting small business.”

Shortly after ramping up operations at Power Logic Electrical, the wheels in Peirick’s mind started turning. While installing and wiring custom, motorized window coverings, he noticed a niche market that was ripe for the picking.

As he built relationships with interior designers for high-end homes, Peirick found that he could better serve the Telluride marketplace by supplying the vendors himself. So he launched Telluride Window Coverings, which grew and became the premier retail provider and installer of all window treatments (blinds, shutters, drapery, etc.) in the area.

Several years after the launch, Peirick decided it was time for a change in scenery.

Being so remote, Telluride was difficult to supply. Most shipments were coming from out-of-state, which created gaps in delivery time. On top of that, Peirick was experiencing some quality control issues. Not only were products taking forever to arrive, but they were also incorrect.

“So I decided to try it myself,” he laughs.

Yes, that’s right—ANOTHER business venture.

Peirick relocated to Montrose, moving into the old Jeans Westerner building after it was subdivided. The new building gave him the space to create another offshoot of Telluride Window Coverings, which focused on manufacturing window treatments and interior products. Rather than shipping his products in, he hired a seamstress to build his own unique, custom products.

Region 10 again helped Peirick secure the loan that helped him with the real estate and cover some capital costs.

Since Peirick’s business presented the opportunity for job development, Region 10 jumped at the opportunity to support him again. Shortly after the partnership, Peirick was able to hire another four people: one full-time and three part-time. His goal is to keep growing and potentially hire more down the line.

Peirick considers Region 10 to be a vital component of his success.

“Every experience that I’ve had with Region 10 has been beneficial and pleasant,” he adds. “They are in for your best interests and you can definitely feel that when you work with them. They want your business to succeed.”

10 Reasons to Start a Business on Colorado’s Western Slope

10 Reasons to Start a Business on Colorado’s Western Slope

Things are hopping business-wise on the Western Slope.  From the reimagined activities of Chambers of Commerce in just about every community and Small Business Development Center (SBDC) offices located in Grand Junction, Montrose, Gunnison, and Durango to the recent proliferation of coworking spaces, incubators, accelerators, and innovation centers dotting the “corridor of innovation”, you’re sure to find the support and inspiration you need to reach the dream of running your own business.

  1. Local Chambers serve as the voice for local businesses. While many focus on the promotion of area tourism and retail shopping destinations, many also represent the interest of business at all levels of government, provide networking opportunities, and engage in community development activities.
  2. Small Business Development Centers (SBDC) have a presence in Grand Junction at the Business Incubator, in Gunnison at the ICE Lab on Western Colorado State University campus (as well as a satellite office in Montrose at Region 10), and in Durango at Fort Lewis College. SBDCs offer low or no-cost consulting, training, and specialty programs for startups, solopreneurs, small businesses, and small manufacturers.
  3. Region 10’s Small Business Resource Center serves a six-county area including Delta, Montrose, Gunnison, Hinsdale, Ouray, and San Miguel counties. It hosts an SBDC satellite office as well as provides workshops and training for second-stage and growth companies, access to capital through its Loan Fund, and serves as the administrator for Colorado’s Enterprise Zone tax credits. www.region10.net
  4. Voted the top co-working space in the world, Proximity Space is an ever-expanding network of coworking spaces across the Western Slope and beyond. One membership in any location will give you access to their vast network including the Factory in Grand Junction, the Hive in Paonia, ICE Lab in Gunnison, and Collective Mine in Naturita.  https://proximity.space/
  5. Grand Junction’s Business Incubator was voted National Business Incubator Association’s (NBIA) Incubator of the Year in 2012/2013—out of more than 7,000 incubators worldwide. In addition to providing SBDC services, it leases space to client companies and provides access to a licensed commercial kitchen, a makerspace, and light manufacturing area as well as providing affiliate space, with hourly rent and shared services, for those who don’t need a full-time workspace.
  6. Newest in the pack, and still under development, is the upcoming Delta Innovation Center’ s ENGAGE (ENergy, Growth, AGriculture, and Entrepreneurship) a project of the Delta County Public Schools and Delta-Montrose Technical College. Planned to be a combination office space, coworking, workshop, and training venue, it will also serve as an innovation hub for agricultural technology, energy, and value-added food development.  ENGAGE is expected to open in 2018.
  7. ICE Lab, located on the Western State campus in Gunnison, is a mentor-driven program that pairs high-growth startups with industry specific mentors, advisors, and investors. Selected businesses undergo 12 weeks of acceleration programming, mentorship, and training, culminating in a pitch day to investors from across Colorado and beyond. https://icelab.co/
  8. SCAPE in Durango boasts 15 companies launched, 45 jobs created, and $3.6 million in capital raised. The core of the SCAPE Program is an intensive 6-month program with access to mentors, advisors, investors, seed money, and office space.
  9. Telluride Venture Accelerator (TVA) is leading the conversation around building real companies in mountain towns. Directing and facilitating such conversations has earned the TVA a reputation for being a global hub for entrepreneurial thinking.  Since 2012, eighteen startup companies have graduated the program and raised more than $1 million with the help of a world-class network of more than 90 mentors spanning the globe. As a result, more than 87 jobs have been created. http://www.tellurideva.com
  10. Southwest Innovation Corridor (SWIC) is a neutral coordinator, convener, and capacity-building initiative of the Telluride Foundation. Its purpose is to create a coordinated hub of innovation by bringing together efforts to inspire idea creation, cultivate business innovation, and build an eco-system to support sustainable outcomes. SWIC serves new and existing entrepreneurs and innovators in an eight county area, including Delta, Montrose, Ouray, San Miguel, Montezuma, Dolores, San Juan and La Plata counties, and partners with the Telluride Venture Accelerator, Ft. Lewis College, Regions 9 & 10 Economic Development Districts, Southwest Colorado Accelerator Program for Entrepreneurs, co-working spaces, and SBDCs.

Region 10 Offers Leadership Training to Area

Region 10 Offers Leadership Training to Area

Successful businesses know the importance of investing in high performing employees and moving them into leadership roles within the company, but few business owners actually know how to develop leaders.   Region 10’s Small Business Resource Center is hosting a three-day leadership training on Thursday and Friday, April 13th-14th and Friday, April 21st. The training will take place at Region 10’s office, located at 300 Cascade Avenue in Montrose.  The cost is $395.

Leader Effectiveness Training (L.E.T.) is for businesses looking to develop individuals and more engaged, high performing teams. Created by the Gordon Training International, this training will show managers how to increase personal and team productivity, spend less time on “people issues”, and dramatically increase team collaboration.  Companies cited on “Best Places to Work” lists like Fortune 100 companies and best places to work in Colorado use this training as a foundation for great employer/employee relations.

“This training is essential for managers,” said certified L.E.T. trainer and human resources consultant Dave Knutson, who has been facilitating L.E.T. trainings for 25 years.  “It builds strong working relationships and reduces employee turnover…  because people don’t leave companies, they leave bad managers,” he added.

Participants will learn how to:

  • Clearly identify problem ownership;
  • Apply active listening skills to create effective solutions;
  • Avoid communication roadblocks that interfere with problem solving;
  • Practice constructive confrontation that results in lasting behavior changes; and
  • Recognize approaches to conflict and apply true win-win approaches.

Knutson brings 30 years of leadership consulting, coaching, and training in the private, nonprofit, and local government sectors. Designated the Human Resources Professional of the Year by the Western Colorado Human Resources Association, he has also been awarded the Pinnacle Award, The Society of Human Resource Management’s highest level of recognition in the profession, and the national Workforce Readiness Award.

“While Region 10’s Small Business Resource Center provides consulting services and training opportunities for small businesses, it is our goal to expand services by providing second-stage and growth businesses with access to essential trainings that only larger, more established businesses have access to.  L.E.T. is one of those opportunities,” said Nancy Murphy, director of small business development.  “We’re thrilled to be able to offer training of this caliber at this price to area businesses.”

Normally priced at $1695, this training is available for only $395.  Limited space is available.  To register, go to https://r10-let.eventbrite.com.  For more information about the workshop, contact Nancy Murphy 970-765-3130 or nancy@region10.net

 

What participants say about L.E.T. training…

“I have been through so many training courses and nothing was as comprehensive and practical as L.E.T. Bank employee

Cairo, Egypt

 

“For the first time in my life, I can honestly say that every minute of this course was worthwhile.  It went above and beyond my expectations.  The trainer fostered a supportive, fun and collaborative environment.  The materials and structure are perfect. This class is phenomenal!”                                                                                                         

Associate

W.L. Gore & Associates

 

“It was fantastic.  It challenged my perceptions of many leadership and communication philosophies and it [L.E.T.] won me over.”

Bill S.
Electrical Engineering Manager, Esterline Technologies

 

“I was very impressed when I initially went through the L.E.T. training. It was by far the best leadership communication training that I have been through in my 30 year career.”

Cyndi M.
Human Resources Specialist

 

Great training for anyone who supervises and provides valuable skill building opportunities. Best training I have been to in 12 years with the State of Maine.”

Employee
State of Maine, Department of Human Services

Delta shed builder gets boost from SBDC & BLF

Delta shed builder gets boost from SBDC & BLF

Ivan Burch’s business name says it all: Well-Built Sheds. He has been making high-quality and portable sheds and cabins in Delta for over five years. But he needed some help building his business.

Burch was eager to grow his business, and had a “verbal business plan,” but wasn’t exactly certain on next steps.

“I know where I wanted to go, but not necessarily how to get there—and [Region 10] helped me get there,” Burch adds. A friend of his introduced him to Region 10, the Small Business Development Center, and the Business Loan Fund.

“I had no idea these resources existed before,” Burch comments.

“Ivan initially came in to gather information about what to do to get started on purchasing an existing business,” says Dan Scinto, Business Loan Fund Director at Region 10. “Like most people who have not done this before he had a lot of questions to ask and even wondered if he was asking the right questions.”

Burch split his time between Scinto and John Angelo, SBDC Consultant. Scinto worked to find gap financing for Burch’s business plans, while Angelo helped by providing market research and business plan fine-tuning—all for free.

“Through multiple visits when we were able to define a path to take that made sense to Ivan and enabled us to arrange a financing package that would work for all concerned,” Scinto adds.

“Those guys have been instrumental in helping me in this process,” Burch referencing Angelo and Scinto. “I was highly impressed with what Region 10 had to offer.”

Ivan initially came in to gather information about what to do to get started on purchasing an existing business. Like most people who have not done this before he had a lot of questions to ask and even wondered if he was asking the right questions. Through multiple visits when we were able to define a path to take that made sense to Ivan and enabled us to arrange a financing package that would work for all concerned.

With the support of Region 10, Burch hopes to take his business to the next level.

Powered by Top Rated Local®