Young Entrepreneur Trades Job Search for Fashion Dreams

defeliceAs a recent college graduate, Sarah DeFelice was committed to a career that fulfilled both her passion for fashion and her love for life in the Green Mountain State. But as she researched the local job market, few opportunities matched her criteria for happiness.

“In short, my motivation to starting my own was that my dream job didn’t exist unless I created myself,” DeFelice said. And that’s exactly what she did.

Earlier this year, the 26-year-old fashion maven opened the Bailey Road boutique at 44 Main Street in Montpelier. The store offers elevated clothing, handbags and jewelry at accessible prices.

“We are dedicated to helping our customers achieve both professionally and personally,” Defelice said. “Whether you are on the hunt for that knock ‘em dead outfit, want help updating your wardrobe or are just looking for some retail therapy, Bailey Road can be your personalized fashion expert every step of the way.”

But long before DeFelice could make her dream become a reality, she encountered many challenges along the way. First and foremost, having little financial history and assets, DeFelice struggled to prove her business was viable to lenders. “One of the hardest parts of starting a small business as a young entrepreneur is that most traditional lending opportunities look only at the numbers and not your business plan,” she said.  (more…)

Amped Apparel – Taking Your Brand to the Customer

Amped-ApparelSuccess Story: Pennsylvania

“Try and go about it in the correct way. Consult with the SBDC. It’s easy to not want to spend as much money and time, but by taking the proper steps first, you’re establishing a brand that can grow.” – Adam Sitz, Owner, Amped Apparel

Impact of working with the Shippensburg University SBDC: Adam Sitz attended Shippensburg University to pursue a college education. While at Shippensburg, he continued to develop the Amped Apparel business that he started as a teen and that is celebrating its 6-year anniversary this year. Today, Amped Apparel is an action sport and lifestyle clothing brand. Amped also sponsors multiple athletes in various action sports. Amped Apparel’s products include t-shirts, sweatshirts, hats, girls’ tanks, beanies, accessories, socks, bags, and eyewear.  (more…)

Washing Cars… Protecting the Environment

Simple-Car-WashSuccess Story: Pennsylvania

Impact of working with the Penn State SBDC: In March of 2014, Taylor Mitcham reached out to the Penn State Small Business Development Center (SBDC) by stopping in at their on-campus walk-in office to discuss her business idea for a waterless car wash.

The SBDC helped Taylor navigate the maze of legal and tax issues that she would need to address. She formed a Limited Liability Company and obtained an Employer Identification Number and a Pennsylvania Sales and Use Tax License.

Taylor officially launched Simple Car Wash in July, 2014, offering her services to other Penn State students and residents in the State College area. Since there is no brick-and mortar storefront, she needed to be creative in ways to market her business. The SBDC helped her organize a grand opening ribbon cutting event that was held outside the SBDC offices. At the ribbon cutting, Taylor and a few of her wash engineers cleaned an SBDC staff vehicle from front to back to demonstrate the results. When the local press asked her how safe the product was, Taylor demonstrated her confidence in her product by drinking some of the solution on camera. The polymers in the formula lift the dirt from the surface of the car which wipes to a clean and shiny finish with no scratches. It then protects a car’s exterior from building up dirt and gathering dust faster than traditional methods.

Taylor is currently negotiating $100,000 in contracts with local car dealerships, to keep their cars attractive to potential buyers.

Read the whole story, and learn more about the Penn State SBDC, the Pennsylvania SBDC and Simple Car Wash.

Young Veterans Show Strong Interest in Business Ownership, Creating Quality Careers As Earnings Far Outpace Those Of Average Vets

boots.jpgIn the third of a series of articles investigating who is buying and selling small businesses in America, BizBuySell identifies how military veterans are faring in the business-for-sale market.

It’s no secret that U.S. military veterans are a force to be reckoned with in the nation’s small business economy. But according to the latest research, both older and younger veterans are emerging as major players in the buying of small companies.To better understand todays’ business-for-sale market, BizBuySell.com recently commissioned a demographic study of individuals engaged in buying or selling a small business. The study, which surveyed more than 2,000 buyers and sellers, highlighted several trends that are shaping today’s market.

One of the trends the survey revealed is that a surprisingly large number of veterans are shopping for small businesses. According to BizBuySell’s study, 13 percent of prospective small business buyers listed themselves as veterans.  (more…)

Crowdfunding World Summit

Do you know about CrowdFunding?
CrowdFunding is a new law enacted by Congress that allows people to invest online in small companies. The SEC has just released rules opening up new ways to raise funds for your business.
We’d like to let everyone know about – and encourage you to attend – a great opportunity that’s coming up soon.

CrowdFunding World Summit is a complimentary online conference featuring in-depth interviews and presentations with over 65 CrowdFunding experts heard over two weeks, including:
  • Lawmakers who passed the new laws will clarify key elements of CrowdFunding.
  • * U.S. Senator Mark Warner
    * U.S. Rep. David Schweikert
    * U.S. Rep. Patrick McHenry
    * U.K. Member of Parliament Barry Sheerman
  • Founders of the top CrowdFunding websites will explain how to raise money online.
  • * RocketHub Founder Brian Meece
    * Fundrise Founder Ben Miller
    * Community Leader Founder Joseph Barisonzi
  • Business experts will describe the steps they’ve used to grow their companies.
  • * Draper Fisher Jurvetson VC Tim Draper
    * Business mentor Jay Abraham and invited guests
    * Former NASDAQ Official David Weild IV
     
    It’s free to attend online for America’s SBDC members and friends, thanks to generous sponsorship by:
    Sponsors: Microsoft, Small Business Development Center, Small Business Entreprenuership Council, 99Designs, CF4ALL, etc.
    The CrowdFunding World Summit is a virtual event, broadcast online from
    December 3rd through 16th. You can listen from anywhere.

    This is the best way to become a CrowdFunding expert or learn how to raise money for your business with CrowdFunding.
    How to attend:
      1: First: Register here
      2: Then: Check your inbox on December 3rd for email instructions to log in to the Summit.
    That’s all!