Planning to Sell Your Business?

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This article appeared in Forbes Magazine 8/28/2015 – by Bob House

Selling a business can be a challenging process. However, like many challenges in life, business owners who take the time to properly prepare will fare much better than those that jump right in.

This is the real life lesson learned by one couple that successfully sold their North Carolina cafe after 18 years of devoted ownership. Their story is an example of how a little prep work can ease the selling process and perhaps more importantly, lead to a higher sales price. For every small business owner, whether planning to sell now or much farther down the road, these lessons apply. Continue reading

What Do We Do?

Logo resaved Have you ever been so busy with the work of your business that you felt like it was time to stop and take stock of what it is you do?

Bonnie reminded me that it’s probably time we do just that. I thought I would share with you what I came up with. Continue reading

MAKE Camp 2015 – What an Amazing Week!

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The week started with each of the 14 Roane State Community College’s Cumberland Business Incubator Make Camp 2015 campers aged 8 through 18 customizing their personal safety glasses so they could easily be identified if left behind. The amazing result? Not one camper lost their safety glasses during the 5 days of camp! IMG_1276More safety rules for use of the Maker Space followed as well as an overview of the options for Monday making; video documentary, tile art work, rockets or woodworking followed by all campers attending a Karate session taught by a third degree black belt. By the end of the first day campers were talking about production runs of some of their projects to sell. Entrepreneurs in the making! Continue reading

5 Quotes on Business… from Signers of the Declaration of Independence

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This 4th of July, the United States celebrated its 239th birthday.  Hopefully you’re reading this with memories of a holiday weekend filled with fun and relaxation with family and friends.

In honor of our founding fathers, I share a few quotes that apply to business, from some of the more notable men who signed one of the greatest documents ever drafted.  It’s amazing that these concepts hold as true today as they did over 200 years ago. Continue reading

Entrepreneurship in American History

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John Steele Gordon

The following is adapted from a speech delivered in San Diego, California, on November 15, 2013, at a Hillsdale College Free Market Forum on the topic “Markets, Government, and the Common Good.”

The word “entrepreneur”—one who undertakes, manages, and assumes the risk of a new enterprise—comes from the French, where it literally means “undertaker.” The word was borrowed into English in the mid-19th century­—perhaps the golden age of the entrepreneur—when the number of new economic niches was exploding. The activity of entrepreneurship, of course, is much older, going back to ancient times. As for America, our nation was founded, quite literally, by entrepreneurs. Continue reading

$1,423,400 and Counting!

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We just filed a report with the Economic Development Administration (EDA) on the impact the Cumberland Business Incubator has had since February, 2013. Our number for Private Investment Generated came to $1,423,400! This is money that our clients have spent in their businesses on real estate, building expansion, equipment, rent and build out. Continue reading

CBI Maker Space – What’s Up?

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The Maker Space instructors and volunteers have been working hard to keep up with the arrival of equipment that needs to be assembled and developing projects so that as you take the Safety and Basic Use class for specific equipment, you actually make something to take home with you in the process of your training. Continue reading

Standing Room Only & Hot Fudge Sundaes at CBI Pitch Night!

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Pictured left to right: Holly Hanson (Director Cumberland Business Incubator), Kimberly Williams (Spa Escapes), Ben Ford (Dendrophilia Landscapes), Cathy Kimmerly (OH Fudge!), Stuart Sitton (Select Auto Sales), Allison Crawford (Momentum Behavior Analysis), Jody Franks (Franksarousa Farms), and Facilitator Diane Morey (A to Z Printing)

Congratulations to the entrepreneurs who made their Pitch to the standing-room-only assembled crowd at the Cumberland Business Incubator (CBI) on Monday May 4th. Seven business owners worked on their business concepts for nine weeks utilizing a business model canvas approach called CO.STARTERS in preparation for Pitch Night. Five of the entrepreneurs were intent on growing existing businesses while two were developing brand new businesses. Continue reading

Find the Gap – Part 2

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Architects: What makes a creator an architect? These creators identify openings and as blank-sheet-of-paper builders, they construct solutions from the bottom up. They have the unique ability to see vacancies and envision how separate parts can fit together to form new logical designs. Continue reading

Can You Dominate a Niche with Your Business?

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The overall theme of the Peter Thiel book, Zero to One is a study of what successful innovation looks like, primarily in tech start-ups. One of the main concepts in the book is that most of the really successful businesses have started by dominating a very specific and limited niche market.

Examples: Continue reading