Proudly Building Quality Aircraft Models In The USA – #SBDC Client Showcase

February 3, 2019

Atlantic Models, Inc. (Atlantic-Models.com)
Countdown to the 2019 Client Showcase: #10.

Atlantic Models

SBDC: SBDC at FIU – Florida (business.fiu.edu/centers/sbdc)
SBDC Advisor: Roberto Castellon.

Atlantic Models, Inc. has grown to offer a range of products and services for the aviation and aerospace industries. Desktop display models, large indoor/outdoor displays, office decor, wall art, and even high-end custom aviation furniture are some of what we do. Concept to design, mock-up to manufacturing, through to installation and completion, Atlantic Models Inc. is your aviation destination!

“Roberto Castellon with the SBDC at FIU has been an amazing resource for guidance and direction. He knows when to call in experts like Nile for marketing, Ray in finance, and Shelly at the Beacon Council, who all have been excellent sources of knowledge and support, and all part of our local SBDC. To have all these available resources for our small business is priceless; to have it all available with one call is a gift we couldn’t be more grateful for!” Roger Jarman, Vice President Business Development, Atlantic Models, Inc.

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Makers of the World’s Most Comfortable Shirt – #SBDC Client Showcase

February 2, 2019

Butter Cloth (buttercloth.com | @Buttercloth1)
Butter Cloth ShirtCountdown to the 2019 Client Showcase: #11.

SBDC: Los Angeles SBDC Network, Long Beach SBDC Service Center (LongBeachSBDC.org)
SBDC Advisors: Joseph Jackson and Ed Von Leffern.

Danh Tran has always had a ferocious curiosity about fabrics and garment construction. Born in Vietnam, he grew up working in his family’s small tailor shop, making his own clothes by the time he was ten years old. As a boy he dreamed of coming to America to become a famous fashion designer.

Danh is proof that dreams really do come true. In 1994, his family immigrated to California. He took fashion classes at a local community college and landed a job at Mattel – designing clothes for Barbie. When he had saved enough money he left Mattel and enrolled in his dream school, Otis College of Art and Design, where he got his B.A. in fashion. Danh’s talent and mentorships got him recruited by 7 for All Mankind, Hause of Howe (Union Bay), and finally Affliction Clothing, where he was Head Designer for 10 years.

Danh always hated wearing dress shirts. “They’re stiff, they’re scratchy, and you can’t move in them!” He set out to develop a dress shirt that felt like his favorite t-shirt. Using a special blend of 100% long fiber cotton and a unique manufacturing process, he created a profoundly soft fabric he named “Butter Cloth.” It has incredible breathability, 6-way stretch and an exclusive double-finished construction that Danh says, “looks like a Friday night, but feels like a Sunday morning.”  (more…)

America’s #SBDC Client Showcase – 12 Days Till the Event

February 1, 2019

America’s Small Business Development Centers (SBDCs) are excited to announce the Client Showcase and Reception is back again this year! The following clients will be joining us on Capitol Hill on February 12th:

– California, Butter Cloth
Showcase Invitation– Florida, Atlantic Models, Inc.
– Kentucky, Nymbl Systems
– Maryland, Jordan Research and Development, LLC
– Michigan, Inductive Intelligence LLC
– New York, DogSpot
– Oklahoma, Whites Energy Services, LLC
– South Carolina, Extremiti3D
– Virginia, Port City Brewing Company
– Washington, FLEXHIBIT
– West Virginia, JesterLine

To prepare for our big day, we will be doing a countdown till the showcase and reception on February 12. Each day we will share a story about one of the clients attending the event, who they are, and how they worked with their local SBDC.

What SBDCs do, and their impact and value to aspiring and growing businesses, is best told through SBDC clients’ success. SBDC clients not only have revolutionary products and services, they are hardworking and dedicated, and they are a group we couldn’t be prouder of. We only wish we could feature all of the thousands of businesses we help every year.  (more…)

Employee Handouts: A Workplace Requirement You May Not be Aware of – but Should Be!

January 24, 2019

By ComplyRight –

Employee Handouts GuideDid you know you must distribute certain handouts to employees? This may be news to many small business employers, but it shouldn’t be because ignoring this responsibility carries some pretty hefty fines.

Along with year-long labor law posting compliance, you’re also required by federal, state and local laws to provide written notices under specific circumstances. It’s an additional compliance requirement that is more easily managed with the right resources.

What You Need to Know About Handouts

If this is the first time you’re hearing about employee handouts, here are some quick facts to get you up to speed:

  • Nationwide, there are more than 400 potential federal and state notices, based on specific employee-related events
  • In addition to the 12 federal notices, each state has its own requirements; in a single state, this could mean more than 30 employee notifications
  • Depending on the underlying state or federal law, some notices are necessary for all newly hired employees
  • Other notices are triggered by specific incidents, such as: employee benefits open enrollment, requests for leave, workplace injuries, pregnancy and termination

As you can see, mandatory employee handouts function similar to labor law postings, with the same challenges for time-strapped employers. They vary from state to state, they change frequently, they must be researched and tracked down through various agencies, and they can lead to costly penalties and legal complications if you don’t comply.  (more…)

Market Data Multiples – Things to Consider in Business Valuation

January 14, 2019

By Shawn Hyde, International Society of Business Appraisers (ISBA) –

Business valuationI had a conversation with an SBDC consultant recently, about transaction databases and how to best utilize an analysis of that data when valuing a business. She suggested I share this information with her colleagues in the America’s SBDC network, so here it is.

There are several different databases, each maintained by different organizations, that track transactions of privately held businesses — the prices they sold for as well as various other financial metrics for each transaction. The idea behind these databases is that one could analyze transactions of similar businesses that have sold, in order to identify an indication of value for a business. But there is more to it than simply pulling up the data for the applicable SIC or NAICS code and calculating the average or median of the data provided.

The following is based on a couple of assumptions. First, that the data obtained from one of the databases consists of a sufficient number of datapoints to allow a detailed analysis, and second, that the purpose of the analysis is to determine fair market value (FMV). There are several other standards of value besides FMV, and those assignments may involve different analyses.  (more…)