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Massachusetts Small Business
Development Center Network
Southeast Regional Office
 
Your Success is Our Business
Volume 5, Issue 1 February  2008
In This Issue
MSBDC Announces Hiring New Business Advisor
Calendar of Events
BUZZ!! - - Get Your Business Blooming!
MSBDC Congratulates New and Expanding Businesses
Eight Marketing Milestones to Boost Your Bottom Line

Peter McHenry, New Senior Business Advisor
McHenry Picture

Peter McHenry joined the Massachusetts Small Business Development Center Network as a senior business advisor in July 2002, providing management advice across the full spectrum of start-up, rescue, strategic growth, succession planning, funding and divestment activities. He works with retail, distribution, high-tech, no-tech and service businesses. Peter joined the MSBDC in Fall River in December 2007. He reaches deep into manufacturing companies and brings them his career experience in international sales, marketing and operations management. He has proven CEO, consulting & transition management skills in life science and engineering businesses.

 

Peter graduated from University College Dublin and received his MBA at Cranfield University. He served Philips, Price Waterhouse, Amicon, Air-Shields, Elan Pharma, LifeSpex and Spherics with distinction here and in Europe, before joining the MSBDC team.

Calendar of Events
 
SEED Entrepreneurial Workshops are in cooperation with the MSBDC and repeated in a different location once a month. For reservations & directions please contact: Tamarah Barao @ SEED 508-822-1020. Cost for trainings are FREE.
 
Session I: Learn the fundamentals of planning, preparing for & financing your business.
 
Session II: Learn to understand financial statements and how they help to determine the health of your business.
 
Thursday, February 21:
Sessions I & II in Wareham
 
Wednesday, February 27:
Sessions I & II in Dedham
 
Tuesday, March 18:
Sessions I & II in Westport
 
Thursday, March 20 & 27:
Session I & II in Taunton
 
Thursday, April 10:
Session I & II in Oak Bluffs
 
Thursday, April 17:
Session I & II in Plymouth
 
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The Southern New England Entrepreneurs Forum, SNEEF, is dedicated to developing entrepreneurship and venture activity with programs that combine topical forums with networking opportunities.  If you are interested in volunteering your time to this organization or want information on upcoming programs, please contact the SNEEF Program Director, Karen Tavares, (508) 999-8157 or visit SNEEF.
 
Thursday, February 28: Stop Marketing and SELL!          Legendary Entrepreneur
Jack Derby, Will Tell You How, Fall River
 
Thursday, April 10: Product Development
For more details please call 508-999-8157
 
Thursday, September 11: Raising Money, Fall River
For more details please call 508-999-8157
 
Thursday November 13:  Building a Management Team, Fall River
For more details please call 508-999-8157
 
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If you are interested in entrepreneurship and sustainable technologies, or want to understand how to commercialize an invention, save this date.
 
Friday, February 29: Invention to Venture Workshop, Dartmouth
 
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Are you looking for new markets or expanding your current market? Join the U.S. Small Business Administration for this free conference to learn how to do business with the federal government and large prime contractors.
 
Friday, March 7: Women's Procurement Conference
 
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READY, SET, GROW
 
These workshops will help you gain a better understanding of the various SBA programs and services that are available to prospective or current entrepreneurs who need assistance in starting or expanding their businesses. All workshops will be held from 10 a.m. until noon at the Plymouth Career Center, 36 Cordage Park Circle, Suite 200, Plymouth, MA.  For reservations, please call 508-732-5399.
 
Thursday February 21
 
Thursday March 20
 
Thursday April 17
 
Thursday May 15 

The MSBDC provides free, high-quality, in-depth business advising, training and capital access which contributes to the entrepreneurial growth of small businesses throughout Massachusetts.  Our services are delivered through a network of skilled professional staff supported by a federal, state and high education consortium as well as several partnerships.

To better serve the Massachusetts small business community, the Southeast Regional MSBDC has outreach sites in conjunction with chambers of commerce

and economic
development entities:
 
 
For general information, or to make an appointment, please contact Tammi A. Jacobsen, Client Service Coordinator at 508-673-9783 Ext. 104 or please visit MSBDC Southeast Regional Office. 
 
The MSBDC also offers seminars and workshops addressing a wide range of topics for both start-up and existing businesses.  For more information please visit MSBDC Training & Events Calendar.

BUZZ!! - - Get Your Business Blooming!   
                                                            
Robbins
 

If you're serious about growing your business, earning more revenue and making more profit, then you better understand BUZZ!  The MSBDC, Coastway Credit Union, The New Bedford Area Chamber of Commerce and the Fall River Area Chamber of Commerce are sponsoring a three part marketing workshop series. The program will be presented by Dr. Cliff Robbins, a visiting lecturer at UMASS Dartmouth, a Senior Business Advisor at MSBDC and a battle scarred veteran of growing, marketing and selling his own businesses.

 

Get Your Customers Buzzing with Dynamite Branding: Wed., March 12, 2008: How can small businesses harness the power of branding?  At this workshop you will learn WHY it is so profitable to build trust in your company, to make your company stand out, and to keep your customers delighted.  But more importantly, you'll learn HOW to create a strong brand identity.

 

Get Your Customers Buzzing through Internet Marketing: Wed., March 19, 2008: This workshop will cover the best ways to use the internet to build your sales.  You'll also learn about the four functions that it takes to build and manage a profitable web site: a techie, an artist, a copywriter, and an SEO pro. 

 
Get Your Customers Buzzing with Promotion and Networking: Wed., March 26, 2008:
 The single most important purpose of any business is to create a customer. Powerful promotional campaigns and networking are two of the best ways to create customers. This workshop will give you the tools to use them effectively and promote and network your business.
 
Breakfast will be served at 7:15 a.m. with the program from 7:30 - 9:00 a.m. All workshops will be held at the Advanced Technology and Manufacturing Center, 151 Martine Street, Fall River, MA.  Workshops are open to all established companies with a minimum of two years in business.  Each session will be $39.00 or discounted to $35.00 if you are a Chamber Member.  The complete series will be $99.00 or $85.00 for Chamber Members.  Seating is limited, register online today at BUZZ Marketing Workshops or to pay by credit card go on line to New Bedford Chamber by February 25, 2008. 
 
 
MSBDC Congratulates New and Expanding Businesses
 
Veronica Gomes, owner of Sun Day's Tanning Etc. has expanded! With her husband, John, Veronica has expanded her services to offer professional airbrush tanning.  In addition to her newly renovated tanning salon in Dartmouth, she has now opened a new location in New Bedford to offer this airbrushing service.  Sun Day's Tanning Etc. is located at 503 State Road.  Their phone number is 508-992-8250.
 
Emmanuel Fernandes launched Captured Memories located in downtown Fall River.  With his wife, Maria, by his side, Emmanuel has established a unique trophy and awards business specializing in Veteran-related gifts, plaques, engravings, flag enhancements, shadow boxes, and much more.  Captured Memories is located at 440 South Main Street.  Their phone number is 508-676-0699.
 
Lisa Cardona purchased Jewel's Day Spa in Somerset, MA.  Spa services include, chemical peels, body treatments, skincare and waxing, massage therapy, alternative healing, foot spa services, tanning, hand and nail services, aromatherapy and complete hair care.  For more information please visit Jewel's Day Spa.
 
Dr. Robert Baron will be launching his web site TVissimo on August 1st.  It is a web site where viewers can find their favorite TV shows without having to scroll endlessly through newspapers, tv guides, or tv databases.  This interactive web site can alert you when your favorite shows, movies and events will be available.
 
Clara Tavares-Silva opened Clara's Boutique specializing in destination wedding gowns, mother of the bride and groom gowns, special occasion dresses, prom dresses and pageant dresses.  Clara's Boutique is located in Dartmouth, MA.  For more information please visit  Clara's Boutique.
 
Dennis Cutting, of Micro Blend, has moved to a larger location in the Plymouth industrial park to accommodate the significant growth in this autobody repair business.  Micro Blend has also hired a GM to oversee operations as it continues to expand.  For more information please visit Micro Blend.
 

Beth Goldstein  

The MSBDC is delighted to reprint this excellent article from the Boston Business Journal by Beth Goldstein.  We have had the pleasure of working with Ms. Goldstein for several years.

Eight Marketing Milestones to Boost Your Bottom Line by Beth Goldstein
 
Nearly six out of 10 new businesses fail before their fifth year. If you've launched a business or are thinking about it, the odds of long-term success are against you! How do the survivors successfully identify, attract, and keep good customers? What's their secret?

 

Whether you're just setting up shop or already have your business off the ground, you need marketing strategies that get new customers in your door and keep them coming back. The following eight marketing milestones will help your business not merely survive-but thrive.

 

1. Profile Your Customers. Who are your most valuable customers? Can you describe them succinctly, in 50 words or less? Profiles are descriptions of your customers' values, beliefs and decision-making processes. While it's important that you understand the products and services that you offer customers, it's even more significant to understand what your customers value and why so you can fulfill their needs. Don't assume you know, ask them.

 

2. Be Prepared to Play 20 Questions With Your Clients. Imagine that your five most important customers are sitting in a room with you. Are you ready to take advantage of this opportunity? Do you know what questions you would you ask them about their purchases, their needs and interests, and the factors that influence their decision-making processes? In order to create the Profile described in Milestone One, compile a list of 20 questions that will help you define your customers' needs. If you're lucky, you'll be able to ask them in person but chances are you'll need to have a methodology in place to uncover their needs such as a survey, one-on-one interviews, or focus groups.

 

3. Remember to Keep Your Friends Close but Your Enemies (i.e., Competitors) Closer. Identify several companies that offer competitive products or services. Discover their benefits to potential or current customers. Now compare your message, value proposition, and target audiences. Make sure you can answer the question, "What sets you apart?"

 

4. Identify Partners That Support Win-Win Relationships. What do you expect from a business partner and how can they contribute to your growth? Can their strengths be leveraged to empower your business and vice-versa? What does your 'must have' list look like in order for your partnership to succeed? When choosing a partner look for a business that targets similar companies while not competing with you and one whose strengths and weaknesses complement and balance your own. A strong marketing alliance offers many benefits, including reducing risk, sharing costs and improving time to market, so choose your partners carefully.

 

5. Find Out If Perception Is Reality. How do your customers and prospects perceive you? Branding is the impression you leave through every customer touch point and involves more than a nice logo or cool tagline. Everything you do has to incorporate your message, because if you dilute it in any way, you won't be sending a clear definition of the value you offer.  As the saying goes, "Perception is reality," so in order to ensure that your brand is strong, your message must be clear, focused and on target at every touch point. Confirm this by asking your customers "What's the first thought that comes to mind when you think of our company?" or "mystery shop" your own company (i.e., have a trusted advisor become a customer and find out what their experience is).

 

6. Prepare a Strong Elevator Pitch. Ever find yourself in a room with a key prospect and you couldn't succinctly explain your business to her? Perhaps you rambled on, never getting to the point, or you froze up. Elevator pitches will help whet their appetite and get them interested in learning more.

 

7. Align Marketing Programs to Meet Sales Goals. Sales and marketing have to work together to support growth. Even if the same person wears the sales and marketing hats in your company, you must plan your marketing program based on how many sales leads you need to generate to land the client and how long that process will take. For example, if you need 1,000 leads over the next six-month period of time to attain the number of new customers required for business growth, proactively plan your marketing programs so that it generates these critical, bottom-line sales results.

 

8. Harness Your Passion as a Strategy. Even the most successful companies have their share of ups and downs. How will you use your passion to get through the rough patches? List 10 reasons why you feel passionately about your business. Post this where you'll see it every day to remind yourself why you're going to work each day (even if that's just down the hall). These 10 reasons will keep you motivated on the good days as well as the bad ones!

 

Beth Goldstein - President and CEO, Marketing Edge Consulting Group. Consultant, educator and author of The Ultimate Small Business Marketing Toolkit, Beth has empowered hundreds of entrepreneurs and companies to create successful marketing and sales programs for their businesses.  In addition to running her consulting practice, Beth oversees Boston University's Online Certificate in Entrepreneurship (recently recognized by Fortune Small Business Magazine as one of the best e-learning entrepreneurship programs in the US), teaches Entrepreneurial Sales and Marketing at the Boston University School of Management and is the Instructor for the InnerCity Entrepreneurs business growth program in Massachusetts. Beth can be reached by email at bethg@m-edge.com, by phone: 508-893-0976 or visit Marketing Edge Consulting Group.

 

Beth Goldstein

"Funded in part through a cooperative agreement with the SBA"

Beth Goldstein

"The Massachusetts Small Business Development Center Network is a partnership program with the U.S. Small Business Administration and the Massachusetts Department of Business and Technology under cooperative agreement 8-603001-Z-0022-28 through the University of Massachusetts Amherst. SBDCs are a program supported by the U. S. Small Business Administration and extended to the public on a non-discriminatory basis. SBA cannot endorse any products, opinions or services of any external parties or activities. Reasonable accommodations for persons with disabilities will be made, if requested at least two weeks in advance.  For further information, contact the Southeastern MA SBDC office at (508) 673-9783."