Culpeper Horizons Newsletter Winter 2014-15

SO YOU ARE THINKING ABOUT STARTING A SMALL BUSINESS!

*We featured the Small Business Development Center (SBDC) at Culpeper in a past newsletter. The SBDC offers many opportunities for the entrepreneur. In the article below, the SBDC provides a helpful listing of questions to consider starting your own business.

Starting and managing a business takes motivation, desire and talent. It also takes research and planning. Like a chess game, success in small business starts with decisive and correct opening moves. Although initial mistakes may not be fatal, it takes skill, discipline and hard work to regain the advantage. To increase your chance for success, take the time up front to explore and evaluate your personal goals and business ideas. Then use this information to build a comprehensive and well-thought-out business plan that will help you reach these goals. The process of developing a business plan will help you think through other important issues that you may not have considered yet. Guides to writing a Business Plan will be discussed at a later date.

The following considerations provide assistance when weighing the pros and cons of going into business for oneself.

Some important personal attributes:

  • Are you a leader?
  • Do you like to make your own decisions?
  • Do others turn to you for help in making decisions?
  • Do you enjoy competition?
  • Do you have will power and self-discipline?
  • Do you plan ahead?
  • Do you like people?
  • Do you get along well with others?

 

List your reasons for wanting to go into business:

  • Why do I want to start a business?
  • What kind of business do I want?
  • Am I prepared to spend the time and money needed to get my business started?
  • Freedom from the 9-5 daily work routine.
  • Doing what you want when you want to do it.
  • Improving your standard of living.
  • Boredom with your present job.
  • You want to be your own boss.
  • You want financial independence.
  • You want creative freedom.
  • You want to fully use your skills and knowledge.

 

Next determine what business is right for you:

  • What do I like to do with my time?
  • What technical skills have I learned or developed?
  • What do others say I am good at?
  • Will I have the support of my family?
  • How much time do I have to run a successful business?
  • Do I have any hobbies or interests that are marketable?

 

                   Identify your Business, Customers and Competition:

  • Who is my ideal customer?
  • What business am I interested in starting?
  • Where will my business be located?
  • How many employees will I need?
  • What services or products will I sell?
  • Is my idea practical, and will it fill a need?
  • Who is my competition?
  • What is my business's advantage over existing firms?
  • How soon will it be before my products or services are ready?
  • Can I deliver a better quality service?
  • Can I create a demand for my business?
  • What products or services will my business provide?

A final step before developing your plan is the pre-business checklist.  You should answer these questions:

  • What skills and experience do I bring to the business?
  • What will be my legal structure?
  • How will my company's business records be maintained?
  • What insurance coverage will be needed?
  • What equipment or supplies will I need?
  • How will I compensate myself?
  • What are my resources?
  • What financing will I need to get started?
  • Will I need to get a loan?
  • How long do I have until I start making a profit?
  • Where will my business be located?
  • What will I name my business?

The previous lists are by no means complete, as there will be other considerations for going into business that are may be more important to you. These are meant to stimulate thought and provide a launch pad for further thought, exploration and evaluation.

The Small Business Development Center at Culpeper offers free business consulting, affordable training courses, and personal referrals to local resources, guidance, insights, and connections to help your business succeed. All services given at the SBDC at Culpeper are at no cost and are strictly confidential. 

For more information please contact the SBDC.

Whether you already own a business or are planning to start one, SBDC workshops and no-cost one-on-one consultations can help you achieve your goals. Call or email to secure your appointment. 

Contact:  David C. Reardon, Business Counselor     Email: dreardon@lfsbdc.org

The SBDC at Culpeper | 101 Duke Street, Suite 116 | Culpeper, VA 22701

PHONE: 540-727-0638                                                             www.lfsbdc.org

The SBDC at Culpeper is funded in part by the U.S. Small Business Administration and Culpeper County and is hosted by Lord Fairfax Community College.

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Internship/Work Experience Program

 

The Culpeper Career Resource Center, in the town of Culpeper, Culpeper County, Virginia, is a community resource serving workers looking for employment and employers seeking employees throughout the five county area: Culpeper, Fauquier, Madison, Orange and Rappahannock counties. The Culpeper Career Resource Center is affiliated with Elevate Virginia and Piedmont Workforce Network. Satellite offices are located in the surrounding counties. Below is an overview on one of the business service programs they offer.

No Risk Trial

Employers have the opportunity to host an intern at no cost to them in an effort to provide individuals with job readiness skills and the possibility of fulltime employment. Interns receive incentives through the Workforce Investment Act (WIA) and are able to provide the employer with up to 300 hours of labor. Employers would have the opportunity to interview prospective interns and chose the one that best fits their needs.

The Benefits of Bringing on an Intern:

• Access to motivated individuals who are eager to learn new job skills.

• 300 hours of work paid for by the WIA program; which equates to 7.5 weeks of full time work.

• Risk free training/assessment period for each intern.

• Extended screening of potential employees including verification of eligibility to work.

• Prospective interns are screened by Case Managers to ensure that only those with matching skills/interests are contacted.

• Building positive relationships in the community.

• Helping interns gain valuable work experience.

• Minimal paperwork is required, typically consisting of reporting hours worked to the intern’s WIA Case Manager.

After the internship has been completed, employers have the opportunity to bring the intern on as a full time employee if they feel that the intern can contribute to the company in a positive way. Although this is the goal, no promise of full-time employment needs to be made to the intern.

Prospective employers who are interested in participating in the Internship program or learning more can contact:

Vicki Richards
Culpeper Career Resource Center
210 East Stevens Street, Suite 300
vrichards@culpeperhumanservices.org
540-727-1055 ext. 409

Julie Klumpp
Culpeper Career Resource Center
210 East Stevens Street, Suite 300
jklumpp@culpeperhumanservices.org
540-727-1055 ext. 517

Piedmont Workforce Network is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities TDD/TTY: 711 Funded by the U.S. Department of Labor

 

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On – the – Job Training Subsidies for Newly-Hired Employees


The Culpeper Career Resource Center, in the town of Culpeper, Culpeper County, Virginia, is a community resource serving workers looking for employment and employers seeking employees throughout the five county area: Culpeper, Fauquier, Madison, Orange and Rappahannock counties. The Culpeper Career Resource Center is affiliated with Elevate Virginia and Piedmont Workforce Network. Satellite offices are located in the surrounding counties. Below is an overview on one of the business service programs they offer.

Employers can substantially lower their training cost for newly-hired employees by taking advantage of On-the-Job Training (OJT) wage subsidies. These wage subsidies are funded by the Workforce Investment Act (WIA) and can be used in a number of regional industry clusters such as retail, construction, business services, administrative support, health care, information technology, etc.

Employers interview, screen and hire participants in the OJT program just as they would any normal employee. However, individuals hired under the OJT program are eligible for wage subsidies that can support up to 50% of a new worker’s wages for 3 to 5 months, up to a maximum of $5,000.

• New employees earn wages, partially offset by subsidies, while they learn new skills.
• Employers substantially lower their training costs during the initial employment period.
• Reimbursement for wages is timely, based on a preapproved OJT agreement documented in writing by the WIA Case Manager.
• Employers have the opportunity to train employees “their way” to assure maximum performance.

After the OJT subsidy period, it is expected that employers will retain workers in permanent employment. New employees must qualify for OJT subsidy services prior to beginning employment. A Virginia Workforce Center representative can assist you with employees’ eligibility for OJT subsidies and the training agreement approval process.

For Additional information on OJT subsidies, please contact:

Vicki Richards
Culpeper Career Resource Center
210 East Stevens Street, Suite 300
vrichards@culpeperhumanservices.org
540-727-1055 ext. 409

Julie Klumpp
Culpeper Career Resource Center
210 East Stevens Street, Suite 300
jklumpp@culpeperhumanservices.org
540-727-1055 ext. 517

Piedmont Workforce Network is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities TDD/TTY: 711 Funded by the U.S. Department of Labor

 Piedmont Workforce Network is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities TDD/TTY: 711 Funded by the U.S. Department of Labor

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Congratulations to Debra Stohlman!


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Featured Property –  Fischback Tract


McDevitt Drive Technology Zone
Elkwood, VA

We regret there was an error in the address of this land parcel in our last edition.  The tax map numbers below are correct. 

 

Location:

The Fischback Tract
Tax Map Numbers are 41-107 & 41-109

Available: Moderately sloped, mostly cleared land
Size:    66.3 Acres
Property Types:

Zoned Light Industrial which allows for a broad array of site uses

 

Highlights:

  • Prime for development with both water & sewer on the property.
  • Extraordinary development potential within the County Technology Overlay Zone
  • High visibility from US 29 and strategically located between two major interchanges
  • Primary access will be developed from secondary roads that are along the rear of the property boundary
  • Additional property is available; the adjoining tract to the immediate north is available to be sold together
  • Neighboring are the Library of Congress, a major data center, a world-wide monetary funds transfer organization, and a community college
  • Only minutes from the center of the vibrant heart of Culpeper
  • Less than 70 miles from the center of Washington, DC with easy access to Dulles International Airport
  • Full IFR equipped 5,000 ft. runway at Culpeper Airport, 13 miles north

Contact: Tom Boyd, Re/Max Crossroads/Commercial Division at: 540.812.9033 or tomboyd@remax.net

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