Plan It, Start It, Grow It

You’ve heard it before….if you fail to plan, you plan to fail. Well, in no other area is that more true than in owning a business. Whether you own an existing business or thinking about launching one, it is critical to have a business plan. Now, more than ever, a solid business plan will be your foot in the door in obtaining financing. It will also aid you immensely in knowing how to reach the level of business success you are seeking.

Eleven existing and emerging entrepreneurs just started their Core Four® business plan course yesterday—our next four-week course begins soon. The four core bodies of knowledge that are covered in the course include a clear understanding of the following: the marketplace and how it works, how to manage cash, how to get things done as well as do things, and how to stay focused on a clear set of personal and business goals.

The class meets Tuesdays and Thursdays for four weeks from 5:30pm-7pm, beginning March 23, Alaska Center building, 1020 W. Main Street, 2nd Floor Conference Room, downtown Boise.

Cost: $199 includes Core Four® workbook with great case studies and applicable worksheets. Pre-registration is required by calling Ron Berning at 336-5533 ext. 230, visit our website at www.metidaho.org, or e-mail rberning@mtnstatesgroup.org.

Upcoming Workshop–Small Business Legal and Tax Issues

We’re off to a great start in 2010 and hope you are, too!  If you own a business, are thinking of launching one, or are a banker, investment advisor, attorney, or other professional who works with small business owners….we’ve got another great workshop you won’t want to miss.

Here’s the lowdown of our next Beyond the Bottom Line business lunch workshop coming up on Thursday, March 11:
Learn from Jason Melville, McAnnany and Associates; Barb Cugini, CPA; and Chris Wyatt, Harmonic Investment Advisors how to determine the best business structure for you (sole proprietor, partnership, LLC, S-Corp, C-Corp) based upon the tax, liability, and legal considerations for each.  Also…find out if you may be paying more taxes than you should on your business income.

Come join us for some solid expertise from the panelists, effective networking opportunities, and a great lunch from Pita Pit!

Cost: $20
Register: 336.5533 ext. 230, metaidaho.org, or rberning@mtnstatesgroup.org.

Recession drives U.S. restaurateurs, diners to trucks

LOS ANGELES (Reuters) – Every Thursday night, Lonnie Bishop and Lisa Case have a dinner date. For $5 each, the couple dines on fancy hot dogs served from a food truck parked outside their favorite wine shop in Los Angeles.

The fire engine-red truck labeled “Let’s be Frank” is part of a growing fleet of mobile food vendors that serve tasty and inventive fare, often organic.

The trend has drawn entrepreneurs looking for opportunities in the recession and diners seeking cheap eats.

The new vehicles raise the bar from the traditional “taco trucks” that sell mainly Mexican fare at construction sites and in neighborhoods in U.S. cities with big Latino populations.

Their menus are wildly different, attracting adventurous foodies with unusual items: tacos filled with Korean-style barbecued meat, vegan burgers, sushi, cupcakes, and architecturally inspired ice cream sandwiches.

“I’ve eaten all over the world in three-star restaurants. I enjoy this as much as I enjoy anything and I save a lot of money,” said Bishop, 46, holding a bun-wrapped sausage made from family-farmed pork and topped with pickles.

With the economic downturn, restaurateurs have struggled to find funding to open full-scale restaurants, said Tom Forte, an analyst at Telsey Advisory Group in New York City.

The cost of setting up an eatery on wheels is a fraction of what’s needed to open a sit-down restaurant, Forte said, noting it takes $900,000 to open a Chipotle Mexican Grill.

Erica Cohen, 34, began her career at an upscale restaurant group but scaled down her dream of opening a traditional burger joint because it seemed so risky during the recession.

So, for $30,000, Cohen and her business partner leased a boxy truck complete with a kitchen and an order window.

BURGERS AND TRUFFLES

Their hot pink truck, called “Baby’s Badass Burgers,” flaunts a logo of two buxom cooks who could double as pin-up models and sells gourmet mini-burgers. Parked off Hollywood Boulevard, the truck draws workers like Lara Yturriaga, who ordered a Cougar — two mini burgers topped with St-Andre cheese and black truffles.

“I’m on a quest this whole month (to eat at) 10 food trucks,” Yturriaga, 25, said. So far, she’s tasted Indian crepes and Asian-style meat in a rice-patty bun.

“I like that it’s always something different,” she said.

Many operators use Twitter to tell customers where they’re going next. ‘Kogi,’ which serves Korean barbecue tacos, was among the first to use the free social media site.

“A restaurant is more like a passive sell. The lunch truck is more active,” said Takeshi Kimura, who launched his “Fish Lips” sushi truck this summer.

Big chains are putting their own spin on the trend.

Taco Bell, owned by the giant Yum Brands Inc, uses Twitter for its promotional taco truck that hit the road this summer, handing out free food along its cross-country route.

Diner Michelle Madrid, 26, said the fun is in the chase.

“It’s cool — the whole ‘guess where we are,’” she said.

Plus, it’s now hip to be a penny-pincher.

“It used to be cool to have a credit card and be all high-flying. Now cash is king,” said Kam Miceli, who helped start “Green Truck,” which serves high-end organic fare.

Miceli, who built up a fleet of 11 trucks in Los Angeles and New York, plans to expand in Miami in the fall and is eyeing markets like Austin, Texas, and Washington, D.C. While developers have tried to convince him to open a traditional sit-down eatery, Miceli says he is not interested.

“We are sticking with trucks,” he said.

Tough times a boom for pawnshops

http://www.msnbc.msn.com/id/29762007

Upcoming Workshop–Hiring Right Every Time

TUESDAY, MARCH 17, 2009

META’s Beyond the Bottom Line business workshop Hire the Right Person Every Time: Interviewing Secrets from a Top Recruiter; 11:45am- 1:15pm, US Bank, 101 S. Capitol Blvd., Suite 200, downtown Boise. Discover the secrets of finding and interviewing the best applicants, and the seven steps to hiring from Pamela Kleibrink Thompson, an internationally known speaker and national columnist. Ms. Thompson is also a local career coach and is a founding member of the Idaho Media Professionals.

Today’s lunch will feature baked ziti pasta and oven-roasted garlic bread from Life’s Kitchen.

Cost: $20. Information/registration: e-mail meta@mtnstatesgroup.org or 336-5533 ext. 230.

Business Idea : Paintball

If you have ever participated in a paint ball war game, you know how popular and fun these events can be that place you in direct competition with family, friends, and co-workers. The business structure is quite simple. People pay you a fee for transporting them to a site, so they can form teams and use paint ball guns to shoot paint balls at each other in a strategic game of war or cat and mouse. Market the business by going directly to large groups of people who will use a day of paint ball war games as an opportunity to take part in an event that can include a large portion of their entire group. Ideal candidates are corporations, schools, clubs, and sports associations. To really kick things into high gear attempt to enlist local high-profile politicians and business people to take part in a charity game. Place the citizens of the community in direct competition with these high-profile community leaders. Not only will this give you a real shot in the arm in terms of exposure for your new business, it can also raise a great deal of money for a local charity. requirements: The main requirement for this business venture is land to operate and host the paint ball game events. Additionally, an enclosed trailer can also be located on the event site to serve as a portable office and for equipment storage. Secondary requirements include liability insurance, first-aid equipment, and emergency action plans. The transportation of the participants can be contracted to a local transportation company to reduce start-up costs. start-up costs: Including the cost of equipment, advertising, land lease, and a portable trailer, the complete business can be started for less than $15,000. To reduce investment requirements, it may be possible to negotiate a profit-split arrangement with the owner of the land where the games will be played. profit potential: Participants pay a flat fee for the game, usually including transportation to the site, a basic lunch, and the game itself. The fee can vary between $30 and $50 per person. Participants also pay for the paint balls used in the game. This business, even operating on weekends only, can easily generate profits in the range of $20,000 to $30,000 per year. This venture also lends itself to selling T-shirts, hats, and jackets to the participants at the end of the game. Generally these keepsakes would have captions such as “I survived the Third World War” with your company logo and a business name printed on the item of clothing.

Upcoming Workshop–Getting Your Life in Balance

WEDNESDAY, FEBRUARY 17, 2009

 

META’s Beyond the Bottom Line business workshop Stress Busters: Tools to Get Your Life in Balance; 11:45am- 1:15pm, US Bank, 101 S. Capitol Blvd., Suite 200, downtown Boise.  Ann Smith, AMS Training, will help business and nonprofit professionals recognize stress, manage stress, and devise a plan to reduce stress.  These techniques may be used in relation to work or personal stress and can be shared with peers and co-workers.

 

Today’s lunch will feature cuisine from Chopstick Gourmet Buffet.

 

Cost: $20.  Information/registration: e-mail meta@mtnstatesgroup.org or 336-5533 ext. 230.

Iraqi Businessman Finds Success in Idaho

Even as a child, Ayad Al-Mansuri knew he wanted to be a landscaper. He loved the trees in his small village in Iraq and wanted a career in which he could follow his passion and excel. As a young adult, Ayad worked as a landscaper for a few years in his native country before moving to the United States in 1997.

 

Ayad soon secured a landscaping job from a local landscaping company and learned all he could about the various tree species and nursery crops. He later worked for a national lawn care company and learned the ropes of proper lawn care and sprinkler installation and repair. Working his way up within the company, Ayad became an account manager and supervised 40 employees. Biding his time, he knew he would own his own business one day.

 

Ayad launched AHA Lawn Care in 2004 as a part-time venture, focusing on basic lawn maintenance services. For long-term business sustainability, however, Ayad knew that he would need to expand his products and services. One year later, he applied for a business loan at seven different banks, only to be turned down each time. Although his commitment was strong, Ayad’s credit score and collateral were not.

 

After hearing of his failed attempts at securing a bank loan, Ayad’s English teacher referred him to META. Within two weeks of his first meeting with META’s team, Ayad was approved for a $15,000 loan for the purpose of purchasing two riding lawn mowers, a trailer, and other equipment.

 

When Ayad first enrolled into META’s program, his business maintained 25 properties with two employees using only push lawn mowers. Within nine months, AHA Lawn Care was maintaining nearly one hundred properties and had nine full-time employees. Ayad firmly believes that his business would not have survived and succeeded without the help he received from META.

 

META’s team continues to provide Ayad with marketing and other business technical assistance as needed. They brainstorm with him on ways to increase efficiency and reduce costs. Leveraging his own know-how with META’s aid,  Ayad believes his business will be three times its current size within five years.       

 

Ayad says that business ownership allows him to provide his customers with the best service possible. He goes above and beyond the scope of services that are written in a typical work order. Ayad’s business thrives, in part, because of his tremendous work ethic. He says that there are no burdens associated with owning a business because he is so proud of the goals he has reached. Ayad wants others to know that they shouldn’t hesitate to take risks. He says, “They need to know that the sky is the limit. When you succeed you will be so proud of what you have done.”

 

Ayad was a featured guest speaker in 2006 in one of META’s Beyond the Bottom Line business lunch workshops focusing on customer loyalty.  He is proud of his well- trained crew, his company’s excellent customer service, and the high level of customer loyalty.  

Bank Partner Seminar

On Wednesday, October 8th, META will be hosting a lunch seminar for local bank representatives. In this seminar, we will be introducing META and its mission as well as help bankers understand how to grow their business by working with disadvantaged entrepreneurs.

Who: Community Development Representatives, Executives, and Commercial Business Development Officers

What: META Seminar for Bankers – Generating Business from Disadvantaged Entrepreneurs

Where: The Watercooler, corner of 14th and Idaho Streets

When: October 8th, 2008  11:45 am – 1:15 pm

Please RSVP by e-mailing Ron at rberning@mtnstatesgroup.org

Welcome To The META Blog!

The work we do here at META is so important, to both those we serve and to the local economy. However, we don’t often get to tell others about the successes of our clients or the wonderful people we meet.

META has been in existence for 6 years now and we are coming up on 100 loans. We have had dozens of success stories and made hundreds of friends along the way. We have built great partnerships with local banks and organizations that support entrepreneurs.

This blog is meant to be a forum. It is a forum to share our clients’ successes. It is a forum to discuss the efforts of our partners. It is a forum to share a little of our knowledge and experience in helping disadvantaged entrepreneurs start and grow successful businesses.

If you are as passionate as we are about helping give disadvataged entrepreneurs a leg up through business ownership, subscribe, comment, and participate in the conversation. We’d love to hear what we you have to say.



Follow

Get every new post delivered to your Inbox.