Tag: Kentucky

Business Partner – World Trade Center Kentucky #sba #business #plan


#business partner

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A Partnership with the WTC-KY at the Business Partner Level provides the following benefits and services:
International Trade Assessment All WTC-KY Partners can receive a free annual International Trade Assessment that will provide you with a roadmap to successful importing and exporting, and suggest improvements to procedures and operations.

Trade Advisory Services (TAS) Team Our TAS Team can also create customized consulting, training and research solutions at special preferred partner rates. Let us help with your next international trade project.

WTC-KY Seminars Events WTC-KY Partners have the opportunity to participate in high-quality trade education seminars, workshops, trade missions and business events; conducted by leading topic experts with real-world experience in their respective fields.

Preferred Partner Rates – World Trade Center Kentucky Partners receive preferred rates for all WTC-KY events and educational programs. Also, through our WTC-KY Affinity Program, enjoy savings of up to 50% on business and international trade services through referrals to our trusted service providers.

International Trade Certification Program – Access to Kentucky s only International Trade Certification Program. After successful completion of this intensive 3-day training course, participants will receive a WTC-KY certification as an International Commerce Specialist. (Preferred rates only for WTC-KY Partners)

World Trade Center Kentucky Newsletter – Stay current and capitalize on international trade business developments in Kentucky, our region and the world with our electronic newsletter, News to Know .

To become a member and receive these benefits, click here.
To return to partnership levels information, click here.

Visionary Partners


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Consult the Expert – Business First Louisville – CUB: A Kentucky Community Bank #how

#business first louisville

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Consult the Expert Business First Louisville

Topic:
The Era of Smart Technology

Nearly all of us today have a Smart Phone, but what is a Smart Safe?
A Smart Safe is key to managing the challenges of cash in a retail environment. A Smart Safe automatically accepts, validates and stores notes while recording each transaction.

Smart Safe features include:
• Note Validation – tracks and records each note while checking for counterfeits
• Cash Tracking – deposits tracked by each user of the safe by Login ID
• Reporting – various reports can be generated to streamline reconcilement
• Connectivity – stores can provide online access to an armored car carrier and the bank

Benefits of this technology:
• Eliminates the employee risk of taking cash to a bank branch.
• Can lower expenses associated with armored car services as frequency of pickups may be reduced.
• If your bank has online access to the cash deposits they may be willing to provide you advanced availability even though the cash may still be sitting in the safe. If your business consists of managing large amounts of cash, get safe smart.

Online Banking

Convenient Capture Login

Update Your Contact Info
and Earn $1

Personalize Your Debit Card

Sign Up for eStatements

Use Our Switch Kit to Join Today


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Kentucky Small Business Development Center #small #business #start #up


#business development plan

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Why do I need a business plan?

Entrepreneurs generally are described as risk takers who take chances based on a gut feeling. However, when you are investing money or asking another to invest money it requires careful planning and preparation. A business plan organizes all the necessary elements required to start a business and continue a successful business in a simplistic format. It is also the tool you will present to lenders to convince them to take a risk on your business and provide you with financing. Therefore, it must be extremely thorough and thought provoking.

Remember, aside from the general business plan objectives, every business plan is unique. Your plan should include all the relevant information, but be customized for your business. Finally, focus on the content and not the number of pages.

Once complete, the business plan should identify the expectations you have for your new or existing business. If you plan to utilize the plan to obtain financing, the completed plan should tell the story of your business to a potential lender. The plan should serve as a stand-alone document in that all business issues are addressed without requiring additional verbal explanation. Review your plan regularly and make appropriate changes when your plans and strategies change.

Below is an outline of the sections and pertinent information that should be included in a business plan. Remember to contact your local Small Business Development Center for assistance in developing and completing a business plan.

Writing a Business Plan

The following is a suggested business plan outline.

The business plan describes an entrepreneur s idea or a company s past and current operations and then demonstrates how the request for an investment or loan will enhance the company goals and reward the investor. However, the most important function of the business plan is to communicate your goals and guide your company.

1. Table of Contents with Page Numbers

2. Executive Summary (1 2 pages)

  • Highlights major points of a business plan, including management team, market size, marketing strategy, strategic alliances, potential profits, dollar amount requested and proposed terms for repayment
  • This section should be the LAST section written

3. Summary of the Business or General Company Description

  • Explain the business
  • Mission statement, company goals objectives, business philosophy
  • Describe industry, overview of product(s) or service(s) offered, market and competition and management experience
  • Company strengths and core competencies
  • Legal form of ownership

4. Products or Services Offered

  • Explain products and/or services in depth, pricing, fee structure, if applicable

5. Marketing Plan

(A) Market Analysis

  • Target Market: Identify customer s, provide demographic information explaining their characteristics
  • Industry Overview: Detailed analysis of market size, growth, major trends, etc.
  • Competition: Detailed analysis of top 3 5 competitors (review of competitor s strengths and weaknesses)

(B) Marketing Strategy

  • Explain in detail how your company will capture market share and your marketing/advertising public relations plan

6. Operational Plan

  • Explain the daily operations of the business: location, equipment, legal environment, personnel, processes, etc.

7. Management and Organizational Plan

  • Describe in detail your team s experience, strengths, job functions, and plans to fill gaps in management team

8. Financial Data 3 Year Financial Projections

  • Cash flow, assumptions, income statement, balance sheet spreadsheets, break even analysis, sources and applications of funds.

9. Appendix, with supporting documents, contracts, letters of intent, research, etc.

Management Organization

Who has management responsibilities? Include the resumes of key managers as supporting documents. Include position descriptions for all key employees. List important advisors, such as attorney, accountant, banker, insurance agent, and advisory board or board of directors. Include estimated financial costs and necessary services provided.

Operational Plan

Discuss methods of production or service delivery, product or service development, quality control, inventory control.

What is your credit policy? Do/will you sell on credit? What are the terms? Explain how you perform a credit check. What are your collection policies?

How many employees are required? What skills are necessary? Define the pay and personnel policies. Are there any position descriptions and/or training programs?

Equipment, Technology, Inventory

How much inventory is needed? What is its value? Why is that amount of inventory appropriate for your business and location? List your major suppliers and discuss any terms they extend to your business. What equipment and technology is necessary to operate the business?

Research and understand all legal issues. (Licensing, bonding, permits, insurance, zoning, government regulations, patents, trademarks, copyrights, etc.)

Describe exit strategies should the firm perform lower than expectations (personal or business). Will inventory be liquidated? Will you close the business or sell?

Financial Plan Projections

The financial plan provides the numbers that correspond to your written plan. Historical and/or projected figures should be included. In addition, you should always include a narrative explaining the assumptions you used to arrive at the dollar value of sales, expenses, etc. You must demonstrate that your numbers are reasonable. Detailed financial information is critical to the business planning process.

Start-up Expenses and Capital

Carefully calculate and categorize all start-up expenses including inventory, rent, etc. For example, what amount will be needed for renovations and equipment? Remember to include any cash you may need to operate and pay bills until the business begins generating cash. Provide a detailed list of equipment, furniture, and/or fixtures to be purchased. Include actual price quotes for larger items.

If yours is an existing firm, include the income statements, balance sheets and/or tax returns for the past three years.

Profit and Loss Projection (Income Statement)

Include a monthly profit and loss projection for at least 12 months of business operation. Be sure to provide a written explanation of assumptions used to develop your projections.

Cash Flow Projection

Include a monthly cash flow projection for at least 12 months of business operation. The cash flow projection differs from the profit and loss statement. Cash flow statements illustrate how much and when cash flows in and out of your business. Be sure to provide a written explanation of assumptions used to develop your projections.

Projected Balance Sheet

Your plan should include a projected balance sheet showing assets (things owned), liabilities (debts) and owner s equity. If yours is a start-up business, the balance sheet should show your financial position on opening day.

  • Personal r sum s for owners and management
  • Letters of reference
  • Personal financial statements from all principals
  • Contracts and/or letters of intent from suppliers and customers
  • Copies of leases, licenses, permits, or any other legal documents
  • Any document referred to within the plan but not included in body

Contact your local Kentucky Small Business Development Center for additional tips and templates for preparing an effective business plan. Your SBDC Consultant will provide assistance preparing and reviewing the business plan prior to meeting with lending institutions.


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Office Products, Furniture, Facility Supplies: Ohio – Kentucky #small #business #admin


#business supplies

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Time … there never seems to be enough of it. At Nickerson Business Supplies, we deliver quality products and exceptional service so you can give your undivided attention to areas of your business that need it most. When it comes to cost, we stay on top of our competitors’ prices through the use of web price scrapers, so you can bet we always beat the competition.

The Nickerson Benefit

We are proud to be a locally owned business with employees that have more than 150 years combined experienced and:

  • Have a deep understanding of how our industry works
  • Know how to best use the tools available to us
  • Know who the best suppliers and resources are

Nickerson Business Supplies

Recent Blog Posts

02-10-2016 – Welcome to our Blog!

Contact Us

Telephone:
513-539-6600
877-NICKBIZ (642-5249)

Nickerson Business Supplies
876 A Lebanon Street
Monroe, OH 45050

Copyright © 2016 Nickerson Business Supplies | Site Design by Fortune Web Marketing


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Debt Consolidation Services in Kentucky #debt #consolidation #kentucky


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Fill out the form to find out more.

Multiple Economic Factors Affecting Kentucky Residents

The providers of CareOne Debt Relief Services appreciate how it feels to struggle with debt. Many of us know from our own first-hand experience, including our founder, Bernie Dancel. We also know what it takes to become debt-free, and it s our mission to help others follow the same path, whether they re in Kentucky or elsewhere.

Kentucky residents have a lower-than-average amount of consumer debt compared to residents of other states. In 2011, according to a report by CNNMoney.com, the average Kentucky resident had $6,221 in credit card debt, down 15% from 2010 1. However, our internal data shows some residents are still struggling with large amounts of personal debt. The average amount of debt reported by Kentucky residents seeking debt relief from CareOne increased 14% from 2010 to 2011 and was 16% higher than our national average. This may be because, according to the Census Bureau, the household income in Kentucky is lower than the national median. From 2006 to 2010, the median income in Kentucky was $41,576, while nationally it was $51,914 2 .

Under these circumstances it can be difficult to save for the future or for financial emergencies. An unexpected financial setback or medical emergency may force consumers into relying on credit cards or loans and falling deeper into debt. For Kentucky residents, overwhelming medical bills may be adding to their difficulties.

According to a report by BusinessInsider.com, Kentucky was the eighth unhealthiest state in the union 2. A large population of smokers and high levels of preventable hospitalizations and cancer deaths may are contributing factors to this unfortunate ranking.

Homeownership and keeping up with mortgage payments is another issue many residents are facing. From 2006 through 2010, 69.9% of Kentucky residents owned their own home which was higher than the national rate of 66.6%, according to Census data 3. While this is encouraging, our own internal statistics show that the number of Kentucky homeowners in need of debt relief is increasing. The number of homeowners seeking debt relief increased 9% year over year from 2010 to 2011, and that number was 20% higher than our national average.

In addition to this, the amount of debt Kentucky residents are accruing is also increasing. According to our data, the average amount of debt reported by residents seeking debt relief increased 14% from 2010 to 2011 and was 16% higher than our national average.

Kentucky residents are facing several serious financial risk factors; if you re feeling the burden of debt we want you to know that help is available. At CareOne, many of our employees have been in debt for a variety of reasons. We go out, and we can help you, too. Let one of our Certified Personal Finance Counselors help you determine if debt consolidation is right for you. We ll provide a free debt analysis, walk you through your options and help determine a customized action plan to start getting you back on track.

1 CNN Money, http://money.cnn.com/news/storysupplement/economy/credit_card_debt/index.html?iid=EL

2 Business Insider, http://www.businessinsider.com/unhealthiest-states-in-america-2011-12?op=1

3 U.S. Census Bureau, http://quickfacts.census.gov/qfd/states/21000.html


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Lowes, KY Local Movers #lowes,kentucky,ky,lowes #local #moving #companies,lowes #local #moving,lowes #local #movers,lowes #local #moving

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Lowes, KY Local Movers

If you are looking for the perfect local mover in the Lowes area you have come to the right place. MovingIdeas.org has connections with local movers all throughout the Lowes, KY area. If you are moving across the street, across Lowes or even in a place surrounding Lowes, our moving specialist can help you relocate. Just fill out the simple local moving form below for free moving quotes from excellent movers in Lowes, KY!

Lowes, KY Local Movers

According to nationwide statistics, there are 35.1 million people who move every year. Whether you are moving from or to Lowes, KY, moving can be stressful. Without the help of MovingIdeas.org, you will most likely spend hours searching for a qualified Lowes, KY local mover to help you with your move. However, with our website, we will connect you with several Lowes local movers that can provide you with quotes and step-by-step instructions about moving to your new home for free.

Having the best Lowes local moving companies is a source of pride for MovingIdeas.org. We guarantee you’ll be pleased with the Lowes, KY local movers and the moving services these moving specialists offer.

Get your stress-free Lowes local move started with MovingIdeas.org by getting your free moving quotes right now.

About Lowes, Kentucky & Local Moving

Lowes is located in Graves County, Kentucky. Graves County, which includes Lowes, is approximately 556.46 square miles. With approximately 174,000 people in the Lowes, KY area, it makes it a great place to meet people! If you are just moving locally then you already know the great things about Lowes. But did you know that Graves county is ranked 1,211 out of all the other cities located in Kentucky and throughout the United States?

Lowes, KY Resident Information

Living in Lowes, KY can be an exciting time for not only you but for your family members. It is always good to know the demographics of a specific area, especially if you are new to Lowes, KY. There are approximately 21 males and 21 females that live in the Lowes, KY area and the median age of the residents is 46 years old. Approximately 9 residents are under the age of 18 in Lowes.

There are approximately 32 home owners and approximately 6 renters in Lowes, KY. The Lowes, KY average people per household is 1.75.

The racial breakdown of the Lowes area is approximately 40 white, N/A black or African American, N/A American Indian and Alaska native, N/A Asian, N/A native Hawaiian and 1 other race.


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Kentucky Small Business Development Center #business #information


#business development plan

#

Why do I need a business plan?

Entrepreneurs generally are described as risk takers who take chances based on a gut feeling. However, when you are investing money or asking another to invest money it requires careful planning and preparation. A business plan organizes all the necessary elements required to start a business and continue a successful business in a simplistic format. It is also the tool you will present to lenders to convince them to take a risk on your business and provide you with financing. Therefore, it must be extremely thorough and thought provoking.

Remember, aside from the general business plan objectives, every business plan is unique. Your plan should include all the relevant information, but be customized for your business. Finally, focus on the content and not the number of pages.

Once complete, the business plan should identify the expectations you have for your new or existing business. If you plan to utilize the plan to obtain financing, the completed plan should tell the story of your business to a potential lender. The plan should serve as a stand-alone document in that all business issues are addressed without requiring additional verbal explanation. Review your plan regularly and make appropriate changes when your plans and strategies change.

Below is an outline of the sections and pertinent information that should be included in a business plan. Remember to contact your local Small Business Development Center for assistance in developing and completing a business plan.

Writing a Business Plan

The following is a suggested business plan outline.

The business plan describes an entrepreneur s idea or a company s past and current operations and then demonstrates how the request for an investment or loan will enhance the company goals and reward the investor. However, the most important function of the business plan is to communicate your goals and guide your company.

1. Table of Contents with Page Numbers

2. Executive Summary (1 2 pages)

  • Highlights major points of a business plan, including management team, market size, marketing strategy, strategic alliances, potential profits, dollar amount requested and proposed terms for repayment
  • This section should be the LAST section written

3. Summary of the Business or General Company Description

  • Explain the business
  • Mission statement, company goals objectives, business philosophy
  • Describe industry, overview of product(s) or service(s) offered, market and competition and management experience
  • Company strengths and core competencies
  • Legal form of ownership

4. Products or Services Offered

  • Explain products and/or services in depth, pricing, fee structure, if applicable

5. Marketing Plan

(A) Market Analysis

  • Target Market: Identify customer s, provide demographic information explaining their characteristics
  • Industry Overview: Detailed analysis of market size, growth, major trends, etc.
  • Competition: Detailed analysis of top 3 5 competitors (review of competitor s strengths and weaknesses)

(B) Marketing Strategy

  • Explain in detail how your company will capture market share and your marketing/advertising public relations plan

6. Operational Plan

  • Explain the daily operations of the business: location, equipment, legal environment, personnel, processes, etc.

7. Management and Organizational Plan

  • Describe in detail your team s experience, strengths, job functions, and plans to fill gaps in management team

8. Financial Data 3 Year Financial Projections

  • Cash flow, assumptions, income statement, balance sheet spreadsheets, break even analysis, sources and applications of funds.

9. Appendix, with supporting documents, contracts, letters of intent, research, etc.

Management Organization

Who has management responsibilities? Include the resumes of key managers as supporting documents. Include position descriptions for all key employees. List important advisors, such as attorney, accountant, banker, insurance agent, and advisory board or board of directors. Include estimated financial costs and necessary services provided.

Operational Plan

Discuss methods of production or service delivery, product or service development, quality control, inventory control.

What is your credit policy? Do/will you sell on credit? What are the terms? Explain how you perform a credit check. What are your collection policies?

How many employees are required? What skills are necessary? Define the pay and personnel policies. Are there any position descriptions and/or training programs?

Equipment, Technology, Inventory

How much inventory is needed? What is its value? Why is that amount of inventory appropriate for your business and location? List your major suppliers and discuss any terms they extend to your business. What equipment and technology is necessary to operate the business?

Research and understand all legal issues. (Licensing, bonding, permits, insurance, zoning, government regulations, patents, trademarks, copyrights, etc.)

Describe exit strategies should the firm perform lower than expectations (personal or business). Will inventory be liquidated? Will you close the business or sell?

Financial Plan Projections

The financial plan provides the numbers that correspond to your written plan. Historical and/or projected figures should be included. In addition, you should always include a narrative explaining the assumptions you used to arrive at the dollar value of sales, expenses, etc. You must demonstrate that your numbers are reasonable. Detailed financial information is critical to the business planning process.

Start-up Expenses and Capital

Carefully calculate and categorize all start-up expenses including inventory, rent, etc. For example, what amount will be needed for renovations and equipment? Remember to include any cash you may need to operate and pay bills until the business begins generating cash. Provide a detailed list of equipment, furniture, and/or fixtures to be purchased. Include actual price quotes for larger items.

If yours is an existing firm, include the income statements, balance sheets and/or tax returns for the past three years.

Profit and Loss Projection (Income Statement)

Include a monthly profit and loss projection for at least 12 months of business operation. Be sure to provide a written explanation of assumptions used to develop your projections.

Cash Flow Projection

Include a monthly cash flow projection for at least 12 months of business operation. The cash flow projection differs from the profit and loss statement. Cash flow statements illustrate how much and when cash flows in and out of your business. Be sure to provide a written explanation of assumptions used to develop your projections.

Projected Balance Sheet

Your plan should include a projected balance sheet showing assets (things owned), liabilities (debts) and owner s equity. If yours is a start-up business, the balance sheet should show your financial position on opening day.

  • Personal r sum s for owners and management
  • Letters of reference
  • Personal financial statements from all principals
  • Contracts and/or letters of intent from suppliers and customers
  • Copies of leases, licenses, permits, or any other legal documents
  • Any document referred to within the plan but not included in body

Contact your local Kentucky Small Business Development Center for additional tips and templates for preparing an effective business plan. Your SBDC Consultant will provide assistance preparing and reviewing the business plan prior to meeting with lending institutions.


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Office Products, Furniture, Facility Supplies: Ohio – Kentucky #hot #new #business #ideas


#business supplies

#

Time … there never seems to be enough of it. At Nickerson Business Supplies, we deliver quality products and exceptional service so you can give your undivided attention to areas of your business that need it most. When it comes to cost, we stay on top of our competitors’ prices through the use of web price scrapers, so you can bet we always beat the competition.

The Nickerson Benefit

We are proud to be a locally owned business with employees that have more than 150 years combined experienced and:

  • Have a deep understanding of how our industry works
  • Know how to best use the tools available to us
  • Know who the best suppliers and resources are

Nickerson Business Supplies

Recent Blog Posts

02-10-2016 – Welcome to our Blog!

Contact Us

Telephone:
513-539-6600
877-NICKBIZ (642-5249)

Nickerson Business Supplies
876 A Lebanon Street
Monroe, OH 45050

Copyright © 2016 Nickerson Business Supplies | Site Design by Fortune Web Marketing


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Business – First Capital Bank of Kentucky – Louisville, KY #opening #a #business


#business first louisville

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Allow the business expertise of First Capital Bank to be your most important financial resource. We work with our clients to develop a keen understanding of their businesses and personal lives, as they are often closely interwoven. We can then evaluate financial hurdles and opportunities intelligently, recommending solutions that make sense on a personal and professional level. We respond to our business customers by designing an approach that asks the right questions and provides the solutions necessary to meet the unique needs dictated by today s changing business climate. Allow our experienced, knowledgeable and highly qualified team to provide you with the most responsive financial products and services available to you and your business. Check out our options, use our helpful financial tools, and schedule a visit with us today. We re eager to help you get started.

Contact Us

Thank you for your interest in First Capital Bank of Kentucky. We strive to make ourselves available to you, via email, telephone, postal mail and in person at any of our branch locations. or use the secure form found on our Contact Us page.

First Capital Bank of Kentucky
293 N. Hubbards Lane
Louisville, KY 40207


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Business Partner – World Trade Center Kentucky #business #icons


#business partner

#

A Partnership with the WTC-KY at the Business Partner Level provides the following benefits and services:
International Trade Assessment All WTC-KY Partners can receive a free annual International Trade Assessment that will provide you with a roadmap to successful importing and exporting, and suggest improvements to procedures and operations.

Trade Advisory Services (TAS) Team Our TAS Team can also create customized consulting, training and research solutions at special preferred partner rates. Let us help with your next international trade project.

WTC-KY Seminars Events WTC-KY Partners have the opportunity to participate in high-quality trade education seminars, workshops, trade missions and business events; conducted by leading topic experts with real-world experience in their respective fields.

Preferred Partner Rates – World Trade Center Kentucky Partners receive preferred rates for all WTC-KY events and educational programs. Also, through our WTC-KY Affinity Program, enjoy savings of up to 50% on business and international trade services through referrals to our trusted service providers.

International Trade Certification Program – Access to Kentucky s only International Trade Certification Program. After successful completion of this intensive 3-day training course, participants will receive a WTC-KY certification as an International Commerce Specialist. (Preferred rates only for WTC-KY Partners)

World Trade Center Kentucky Newsletter – Stay current and capitalize on international trade business developments in Kentucky, our region and the world with our electronic newsletter, News to Know .

To become a member and receive these benefits, click here.
To return to partnership levels information, click here.

Visionary Partners


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