Small Business News

Patience & Hard Work: Critical Habits for Starting a New Business

Starting a new business takes hard work and patience. To be successful, there are several key factors. The area I will focus on is personal finances.

Most new businesses will need capital to get them started and maintained. The owner will be responsible to inject cash into the business, not only at the inception but most likely at various times during the first two years of existence. That requires having your personal finances in order.

Spotlight on Business: Honey Entrepreneurs Sweeten Business

Bottles of Chandler Honey
Chandler honey is marketed all over Central Nebraska, supplying approximately 80 stores. They sell as far away as Hy-Vee in Omaha and handle all Nebraska Honey Sunday bottling and distribution.
Pat and Rachael Chandler took over management of Chandler Sandhill Honey in Anselmo, Nebraska, in early 2000. Pat is a skilled beekeeper and production manager, with over 350 hives. Rachel manages the honey bottling side of the business along with sales and honey delivery.

Back in 2007, a state Value Added Agriculture grant helped them up¬grade their honey bottling facility. In 2010, they received another grant to upgrade their 70 year old honey extraction equipment. It required matching funds, and the Nebraska Rural Development Commission led them to REAP.

Working with Dena Beck, the Business Specialist for their region, Pat and Rachael prepared a business plan and cash flow to apply for financing to modernize their facility along with the equipment. Through Dena’s contacts, the Nebraska Enterprise Fund was brought in as the primary lender, together with REAP and the Custer County Revolving Loan Fund.

Transmission and Jobs: Connect the Dots

Modernizing our transmission grid represents a major potential source of job creation. By some estimates, transmission investment in the United States will range from $12 billion to $16 billion annually through 2030.

Every $1 billion of US transmission investment supports approximately 13,000 full-time years of employment. So over a 20-year period, 150,000 to 200,000 full-time years of employment could be created annually simply by updating and expanding our electric grid.

Over one-third of the jobs will be supported directly by domestic construction, engineering, and transmission component manufacturing activities. Approximately 125 operations and maintenance positions are created per $1 billion of transmission additions, in many cases providing employment throughout the life of the project.

Pages

Get the Newsletter