Success Stories

Success Story: Idaho –

Katie Giesbrecht was working as a barista for Double Shot Donuts when the owners of the shop asked Katie and her husband if they would be interested in buying the business. At the time, Katie and Dean were both looking for new opportunities and decided to consider the offer.

They spent seven months working side by side with the previous owners, learning the business operations and working with the Idaho SBDC before the sale of the business went through. In August, 2017, the Giesbrechts reopened the business as Amazing Glaze Donuts.

When asked what makes Amazing Glaze Donuts different than other donuts in the marketplace, Katie and Dean both agree: it’s the recipe. The proprietary recipe includes real Idaho potatoes. “It’s a big part of what we bought when we purchased the business,” said Dean. Katie and Dean both spent time tasting as many donuts as they could before purchasing the business. “We tried everything from vegan to whole wheat. Nothing tastes as good as these.” (more…)

Success Story: Wisconsin –

Nancy Helms loved the vintage aesthetic of the former feed mill in downtown Chetek so much that she decided to fill it with a new business. The Mill is now a one-of-a-kind event venue with a modern-industrial vibe.

Nancy and her husband Leonard (Buddy) purchased the abandoned feed mill in May, 2016 and opened for business in May, 2017. Renovations included repairs to the roof and floor, and removing scrap steel and more. “We found an old tank of molasses and removed 1,000 gallons by hand, in 5-gallon pails.”

Nancy, a self-described antiques fanatic, loved restoring the building to its original state, only better. “We are ADA-compliant — we worked very hard to accomplish that,” said Nancy, who mentors developmentally delayed adults. Her aesthetic is an elegant mix of old and new that sets The Mill apart from competitors. (more…)

The Ohio Small Business Development Center (SBDC) at Youngstown State University is the national SBDC Excellence and Innovation Award winner for 2019. The award will be presented by the U.S. Small Business Administration (SBA) as part of the celebration of National Small Business Week, from May 5-11.

During National Small Business Week, the SBA recognizes the contributions of outstanding entrepreneurs, small business owners, and organizations that support America’s small businesses in all 50 states and U.S. territories. More than half of Americans either own or work for a small business, and small businesses create about two out of every three new jobs in the United States each year.

The Ohio SBDC at Youngstown State University is a partnership program supported by the U.S. Congress and the President, the SBA, the Ohio Development Services Agency and Youngstown State University. Through its programs and services, the SBDC at Youngstown State provides entrepreneurial development assistance, training programs and high-end business consulting to existing businesses and start-up ventures. (more…)

By Amanda Kuhnert –

Heather Hudson had been running a successful child-care business in St. Johnsbury, Vermont for five years when she saw an opportunity to expand. A competing child-care center became available for purchase, and she wanted to buy it.

But was it a good idea? Hudson needed to determine whether the purchase was a sound financial move.

For help assessing the viability of the venture, Heather’s bank referred her to business advisor Ross Hart at the Vermont Small Business Development Center (VtSBDC). Hart specializes in finance and business planning.

“Heather had a high degree of expertise in her industry and had been successful with her existing business,” Ross explained. “But she understood that there was a degree of complexity with purchasing another business that she didn’t fully understand. So she connected with me to help her review and assess the financials of the business she was interested in and develop some financial projections to complete her loan application package.” (more…)

By ComplyRight –

Minimum wage workers doing the same job are paid drastically different wages and it all depends on where they work.

States, cities, counties – and even corporations – are setting their own minimum wages for workers. This year alone, rates will go up in 20 states as well as numerous cities and counties. These are just the latest round of increases due to inaction at the federal level.

The national minimum wage of $7.25 an hour hasn’t changed in a decade – despite many lawmakers pressing for an increase. However, it just might happen. A bill to raise the federal minimum wage to $15 an hour has recently been introduced. And the House of Representatives is expected to vote on the issue in the coming weeks. (more…)