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Groennfell Meadery Owners “Jump the Curve”

January 21, 2020
Vermont Success Story, by Amanda Kuhnert –

Groennfell MeaderyIn December of 2018, after five years in business, Kelly and Ricky Klein of Groennfell Meadery announced they would be closing their popular tasting room and restaurant in Colchester. “There is no question that this was the hardest decision we had to make about growing,” they wrote in a blog post on the company’s website. They had developed a loyal clientele and would miss the regulars who came in for weekly events and conversation.

But closing their Colchester location was a critical step in the company’s growth process. In July, 2019, Groenfell Meadery moved into a new facility in St. Albans. The larger space has enabled the Kleins to triple their brewing capacity. Their mead is now available in cans and on draft throughout New England.

Jumping the Curve

The Kleins first reached out to the Vermont Small Business Development (VtSBDC) in January, 2013, on a referral from VPTAC. They were seeking resources and advising on growing their business in the areas of marketing, pricing, and access to additional capital in the future. Over the years, the Kleins have taken advantage of the business resources and mentoring services available through VtSBDC. (more…)

AC Electric Motor Service

January 7, 2020
AC Electric Motor ServiceSuccess Story, Idaho –

A decision to pursue a new adventure turned in to a family business

In 2014, Beto Arteaga gave up his job at an electric motor shop, where he had worked as a teenager. The idea was to start his own business; so he approached his Father. His Father, Norberto, was not excited about the idea, due to his growing real estate business, but Beto was persistent.

Together they started to research the possibility with help from the SBDC. They found an electric motor repair shop that was for sale, and they bought all the equipment and tools necessary to start the business. They then found a building to rent, and AC Electric Motor Service was established.

Norberto came to the SBDC because his family knew SBDC Regional Director Bryan Matsuoka. Matsuoka helped the Arteagas with their business plan and educated them about financing. After following their consultant’s advice, they purchased the building they were renting, and they accomplished their two-year goal in six months. (more…)

Hawk Knob Owner Turns Lifelong Passion Into Successful Agribusiness

December 17, 2019
Hawk KnobWest Virginia Success Story –

Morgantown was Josh Bennett’s home while he attended West Virginia University in 2006, but the distance between the college town and the farm he grew up on in Highland County, Virginia stretched further than the 150 miles of country roads separating the two locations. As far as Bennett was concerned, city living and farm life were a world apart.

Bennett had a genuine passion for agriculture and couldn’t wait to get back to his roots once he finished studying horticulture at WVU.

“All I knew was that when I got out of college, I wanted work with agricultural products,” he said. “I wanted the agrarian lifestyle.”

Bennett only needed to find a way to make it all work.

From passion to business (more…)

Family-Owned Auto Shop Still Growing After 40 Years

December 10, 2019
Vermont Success - Don's Auto ServiceVermont Success Story, by Amanda Kuhnert

“They are honest, capable, and efficient, and it’s good to know there’s a local auto shop with friendly people I can trust to do a good job with my car.” This is just one of nearly 700 five-star customer reviews that say, in one way or another, the same thing. Don’s Auto Service is known for its friendly service, honest work, and fair rates.

The auto shop has been a staple in Derby, Vermont since 1979. Unlike many second-generation businesses, its reputation hasn’t suffered with the passing of the baton. After his father, Don, passed away in 2001, Scott Keenan became part-owner of Don’s Auto Service with his mother, Cheryl. Scott’s wife, Deanna, and daughter, Ashley, also work at the shop.

After becoming a partner in the business, Scott realized that they had outgrown their existing space. He identified a larger building for sale that would fit their needs. But to secure financing for the purchase, he needed to prepare a business plan and financial projections. That’s when he reached out to the Vermont Small Business Development Center (VtSBDC). (more…)

Vegun Nutrition

November 11, 2019
Vegun Nutrition - Maryland SuccessVeterans Success Story: Maryland –

Derrell Lee and John Pace are U.S. Military Veterans who graduated from Harford Community College (HCC) with Associate degrees in Business Administration. Derrell and John had wanted to start their own business for a while, and it was finally time for them to unleash their entrepreneurial spirit.

With a passion for healthy living and fitness, the duo came up with a revolutionary idea with confidence for future success. Before pursuing this venture head-first, they sought advice on how to properly format their business and construct a business plan to enable them to receive the financing needed.

They came to Maryland’s Northern Region Small Business Development Center (SBDC) and spoke with Ryan Del Gallo for consultation on how to move their business in a positive direction. Ryan answered all of their questions while providing one-on-one counseling, and he also went a step further to assist with developing a marketing strategy, accurate financial projections, a proper loan package, and a well-developed pitch for the business. (more…)