Posts

Showing posts with the label annual report

Small Business Success Story - Jamestown Mattress

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Jamestown SBDC  appears in our  2015 Annual Report .  Jim Pullan Jamestown Mattress Jamestown SBDC Jamestown Mattress, a manufacturer of quality handcrafted bedding, was founded in 1886. The Pullan family, the current owners, purchased the business in 1982. Three generations of the Pullan family work for the business, which employs a staff of 35. Jamestown Mattress has an extremely strong and growing wholesale and private label business with nine factory direct retail showrooms across Western New York and Northern Pennsylvania. Customers include institutions, colleges, hotels, other bedding retailers and several internet companies. Jamestown Mattress has been a client of the SBDC since 2012 working with Advisor Curt Anderson. The primary goal was to establish a new website and then to institute a strong Internet marketing initia

Small Business Success Story - Harmony Early Learning

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Farmingdale SBDC  appears in our  2015 Annual Report .  Allison Ulin Harmony Early Learning Farmingdale SBDC Allison Ulin, the owner of Harmony Early Learning, started her career in the child care industry by entertaining at children’s parties, writing children’s music and teaching Music Together classes. She held on to the dream of owning her own child care center that would give parents a sense of peace that their children are being cared for in a safe and fun environment. In 2012, Allison visited the Farmingdale SBDC looking for guidance with starting her business and working through permitting issues. With the help of SBDC Advisor Erica Chase-Gregory, Allison finished her business plan and developed financial projections. She secured a private loan in the amount of $550,000.  Harmony, which opened in 2013, provides a pla

Small Business Success Story - Nortek Powder Coating

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Mohawk-valley SBDC  appears in our  2015 Annual Report .  Borin Keith Nortek Powder Coating Mohawk Valley SBDC As a Cambodian immigrant who escaped the Khmer Rouge in Cambodia in the 1970’s, Borin Keith immigrated to North America, where he learned the powder coating industry. He worked his way into key management and acquiring 20-years of experience prior to forming Nortek Powder Coating. Borin established his company in 2005 with business plan assistance from Advisor Eugene Yelle at the Mohawk Valley SBDC. Nortek manufactures a wide range of high-quality powder coatings that are sold to industrial and commercial powder coaters throughout the U.S. and Canada. Sales have steadily grown each year since the company's inception. Nortek's manufacturing process and facility are designed to readily accommodate both large

Small Business Success Story - Michael Riotto Design

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Queens-Laguardia SBDC  appears in our  2015 Annual Report .  Michael Riotto Michael Riotto Design Queens-LaGuardia SBDC Michael Riotto is the principal of Michael Riotto Design, LLC (MRD), a lighting manufacturer and design firm in Long Island City that was established in 2005. MRD designs are modern, contemporary and vintage, and its staff manages all aspects of project work from consultation through product development, sourcing, specification and installation. The company’s mission is to provide the highest quality of service first combined with the latest technology and expertise to create successful projects for its clients. MRD manufactures lighting for piers, parks, cruise ships and theaters, among other places. Michael consulted the LaGuardia SBDC when seeking a line of credit to stabilize the company’s cash flow. 

Small Business Success Story - Walushka Auto House

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Corning SBDC  appears in our  2015 Annual Report .  Chris Walushka Walushka Auto House Corning SBDC Chris Walushka is the proud owner of Walushka Auto House in Corning. Ever since Chris was in high school, he knew he wanted to own a business focused on his passion for cars and the ability to develop strong relationships with customers. Chris went to college to study the auto industry. After graduating, he worked diligently at a large auto dealership in town, first as a salesman, and then as the finance and insurance manager, with responsibilities for a team of salesman.  Chris saved a percentage of every paycheck to finance his dreams. Chris came to the Corning SBDC to ensure that he was on the right track to start his business. Advisor Susan Buchanan reviewed his business plan and helped him make some foundational decisions.

Small Business Success Story - Fivesky

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Columbia-Harlem SBDC  appears in our  2015 Annual Report .  Reza Pourkhomami Fivesky Columbia-Harlem SBDC Fivesky’s Managing Member Reza Pourkhomami found the Columbia Harlem SBDC by doing a Google search. When Reza first consulted the SBDC, his company was in startup mode, and he sought assistance with access to capital, business planning, and development of financial projections. Advisor Glamis Haro was impressed by the fact that he had already planned his business mentally. Reza put his plan on paper and started using it as a tool for management. During his second year, he obtained a loan in the amount of $250k to expand the staff of the company . Fivesky currently has 20 employees, and has expanded to Canada and Europe. Fivesky designs, deploys, and maintains advanced technologies to help customers achieve operational

Small Business Success Story - The Garden Cafe

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Mid-Hudson SBDC  appears in our  2015 Annual Report .  Lea Fridrich The Garden Cafe Mid-Hudson SBDC Lea Fridrich’s love for vegetarian food is only surpassed by her love for people! Lea had her eye on a well-established, well-loved vegetarian restaurant in Woodstock that she knew was for sale, and in June 2014 she offered to purchase it. A customer who frequented the restaurant Lea managed at the time was so impressed with Lea’s skills and passion that she agreed to finance the purchase of the restaurant and to become a limited partner. Lea was left with the task of determining a reasonable valuation for the business and estimating the total amount of financing required to realize her vision for the restaurant. Mid-Hudson SBDC Advisor Sam Kandel worked closely with Lea to determine a fair valuation, manage the expectations

Small Business Success Story - Four Sites Camp Wildwood

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Canton SBDC  appears in our  2015 Annual Report .  Dennis & Kelly Forsyth Four Sites Camp Wildwood Canton SBDC Dennis and Kelly Forsyth have owned property on Black Lake for many years and love the region. They had the opportunity to purchase Camp Wildwood, a business that had been in business for more than 50 years. The property included a gorgeous house as well as four cottages and four RV sites. Black Lake, often called a “freshwater fisherman’s paradise,” attracts thousands due to its proximity to the St. Lawrence Seaway, the Thousand Islands, the Adirondack Park, and Canada. Dennis and Kelly realized that if Camp Wildwood closed, it would impact tourism in their area. They felt they were uniquely suited to run the facility due to their connections in the region and skills at maintaining the cabins and grounds. They cam

Small Business Success Story - Living Green Insulation Products and Services, Inc.

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Buffalo SBDC  appears in our  2015 Annual Report .  Jabril & Ellen Shareef Living Green Insulation Products and Services, Inc. Buffalo SBDC Living Green Insulation Products and Services, Inc. has worked with the Buffalo State SBDC for several years. Co-owners, Jabril and Ellen Shareef have been engaged in construction related enterprises for over 20 years, and completed the Buffalo SBDC’s Minority and Women Bonding Readiness Program. When they approached the Buffalo SBDC more recently, they were forming their first green business enterprise, which converts recycled paper into cellulose insulation. Jabril and Ellen worked with Advisor Bill Grieshober to develop a complex funding proposal for $960,000 that included funding from First Niagara Bank and the Erie County Industrial Development Agency. They also secured an energy

Small Business Success Story - Fusion East

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Brooklyn SBDC  appears in our  2015 Annual Report .  Andrew Walcott Fusion East Brooklyn SBDC Serial entrepreneur Andrew Walcott has been a client of the Brooklyn SBDC for more than five years, working with several of the advisors. He is the son of immigrant parents, who raised him in the inner-city community of East New York. He is a product of local NYC public schools and a graduate of Brooklyn College, where he is currently an adjunct-professor. He is an Air Force Veteran who worked his way through law school and also has earned CPA credentials.  He has owned and operated his own law and accounting practice for many years. Earlier this year Andrew and his childhood friends opened Fusion East Caribbean & Soul Food, an exciting restaurant in the very neighborhood in which he grew up. East New York is a section of Brook

Small Business Success Story - Alba Business Solutions

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Bronx SBDC  appears in our  2015 Annual Report .  Franklin J. Fabre Alba Business Solutions Bronx SBDC Alba Business Solutions, named for Franklin Fabre’s wife Alba, has provided clients with expert tax services for more than 10 years. Franklin J. Fabre was born in the Dominican Republic and immigrated to New York in 1988 at the age of 16. He graduated from Lehman College in 2004 with a degree in Computer Information Systems, and in 2008 completed an MBA in management of technology from the New Jersey Institute of Technology. After graduating from Lehman, Franklin decided to open his own financial services business. At the beginning, the business focused more on services used mostly by the immigrant community, such as money transfer, international calling cards, and bill payments, but eventually the business prioritized income

Small Business Success Story - ButaPub

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Brockport SBDC  appears in our  2015 Annual Report .  Ed Mott & Asa Mott ButaPub Brockport SBDC The father and son team of Ed and Asa Mott came to the SBDC with the dream of opening a restaurant. Ed, a retired contractor, and Asa, an executive chef at several of the Rochester areas finest dining venues, found what they believed would be the perfect location. The restaurant housed a dining room, a theater, and private banquet room under one roof, and was located in the heart of the city’s newest up and coming South Wedge neighborhood. Finally after months of deadlines, reconfiguring financials and planning with Advisor Jim Soufleris at the Brockport SBDC, the place was theirs. Ed and Asa were able to obtain a $260,000 SBA 7a loan to purchase the business. They also made a $120,000 personal investment to get the business off

Small Business Success Story - Insulation Man

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the  Binghamton SBDC  appears in our  2015 Annual Report .    Susan Gahagan & David Currie   The Insulation Man   Binghamton SBDC When her boss at The Insulation Man told Susan Gahagan that he was going to retire and sell the business, she resisted the urge to panic and instead began to envision herself as the owner of the company that had employed her for 20 years. As Office Manager, Susan knew every one of the hard-working employees and had seen the business grow exponentially over the years. Susan shared her entrepreneurial thoughts with co-worker David Currie and they decided to buy the business.  Susan and David knew that they could continue to provide residential spray foam insulation services. They also saw potential increased revenues and capacity if they expanded the business by selling to commercial custo

Small Business Success Story - Scorpion Fitness

Image
Each year the New York Small Business Development Center recognizes outstanding small businesses in a variety of ways.  This Success Story from the Midtown Manhattan SBDC   appears in our  2015 Annual Report .  John Shams Scorpion Fitness Midtown Manhattan SBDC  John Shams is a strength-and-conditioning coach and personal trainer. He has worked with New York's elite and is on the list of Gotham's annual 100 most successful bachelors list. In other words, John's expertise in the fitness arena has been well documented and he is not new to the fitness game. With the fast growing trend of boutique gyms in New York, which includes the likes of Soul Cycle and Barry's Bootcamp John saw there was an opportunity to provide a service that was not being offered by most boutiques. He found that the most successful boutiques offered a great experience but there was minimal focus on what really matters - results. With a wealth of expertise unmatched b

NY SBDC Annual Report: "One business at a time"

From the report : The strength of the New York Small Business Development Center and one of the things that sets it apart from other small business service providers is its customized approach to technical assistance. Each entrepreneur or business owner undergoes an individualized assessment with his or her Business Advisor to determine the current situation, issues that need to be addressed, and the desired outcome. They gather information that the entrepreneur uses to make decisions and take steps toward a productive and profitable future.They work together to develop a strategic plan of action. Any resident of New York who wants to start a business – or stabilize and expand an existing one – can make an appointment with an experienced Business Advisor at any SBDC Regional Center. He or she can find an SBDC office by calling a toll-free number or visiting the SBDC website. Potential clients can request counseling via the website, and the service centers throughout the state o