OUTHEAST NTERPRISE ACILITATION Building Value through … · “You get your money’s worth!” is...
Transcript of OUTHEAST NTERPRISE ACILITATION Building Value through … · “You get your money’s worth!” is...
SOUTHEAST
ENTERPRISE
FACILITATION
PROJECT
Nancy Larsen, Facilitator 501 South Broadway/ PO Box 106 Marion, South Dakota 57043 (605) 648-2909 or (888) 233-1239 Fax (605) 648-3778 email: [email protected] Website: www.sefp.com
SEFP QUICK STATS
June 1997—December 2006
838 Inquiries
441 Clients enrolled 48 New Businesses
18 Expanded Businesses
22 Retained Businesses
274.5 New/Retained Jobs 143 Business Plans (last 4 1/2 yrs)
2006 Calendar Year:
54 Inquiries
30 Clients enrolled
9 New Businesses
4 Expanded Businesses 2 Retained Businesses
43.5 New/Retained Jobs
28 Business Plans
“Believing in the Future...One Entrepreneur at a Time”
Building Value through the Years By Nancy Larsen, SEFP Enterprise Facilitator
Building value in a product, service and/or organization shows others a return on their investment. lasting benefits and a physical result which outweighs other prod-ucts, services and/or organizations. Value in economic terms involves money.
The total value of a good depends on the utility rendered by the last unit consumed. “You get your money’s worth!” is a quote from a satisfied consumer. Therefore, value is based on whether or not it meets his or her needs and the value in the judg-ment of the user. Collectively and democratically votes are taken everyday in organ-izations which determine the actions and effects of the organization into the future.
Ten years ago, a group of visionaries began meeting and researching the benefits and potential value of Enterprise Facilitation®, a grassroots economic development concept proposed as one solution of technical assistance to entrepreneurs with the passion to start and expand businesses. Research showed positive results in other rural counties—but it did not happen overnight. Lots of hard work would go into forming Southeast Enterprise Facilitation Project (SEFP) and hiring its first Enter-prise Facilitator. Volunteers would oversee this project and keep it on track.
From the first Task Force of sixteen, there are still five volunteers committed as SEFP board members, promoters, officers and committee men and women. (See the 2007 SEFP Board Members & Officers on page 4.) It takes time, energy, planning, commitment and a strategy of local leadership driven by a macro-vision of a larger community working together for the common good. It takes leadership vitality be-fore the economic development component can operate. Congratulations to the SEFP Board for making that happen!
What are the physical results of 10 years of hard work? Forty nine new businesses, seventeen expanded businesses and twenty two retained businesses assisted by SEFP. (See www.sefp.com for detailed information of the businesses.) Of the 88 businesses assisted, 79.5% of the businesses are still in business. Of the new busi-nesses which have been in business at least 3 years, their total 2006 annual gross sales were $193,778,376.00, a growth of 470% from their first year of business. This information includes gross sales from a major publicly traded agricultural busi-ness. This shows physical results of value.
So, what lasting benefits have been realized through the SEFP presence?
The facilitation of economic gain in the cities in Turner & Hutchinson Counties
Stronger, more knowledgeable business owners because of the business planning processes
Technical assistance, anytime, anywhere, free and confidential
Business and non-profit resource assistance—a toll-free phone call away or acces-sible through email, fax or face-to-face
A marketing strategy which communicates the benefits of SEFP and showcases the local businesses assisted.
Investors’ and Partners’ return on their investment of SEFP creates healthy, sus-tained rural communities maintaining a fantastic quality of life
Featured Stories
“Building Value ...” ________________________
Building the Economy... The Car Guy LLC, Parker
Petersen Portraits, Parkston Siggi’s Arbeit (work), Freeman
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R & B Contracting, Freeman Attitudes by Kelsi, Parker
“Homegrown Businesses Offer Value” ______________________
Investors/Partners Find Value Valuable Board NOW & THEN
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Ten of the 15 Businesses were featured in the 2006 Annual and Semi-Annual Reports.
Building the Economy…one business at a time
“SEFP provides an innovative, grassroots approach to assist individuals with new business development or expansion.”
COMPANY: The Car Guy LLC
OWNER: Shannon Brooks
PHONE: (605) 297-0097
LOCATION: Parker, SD
NUMBER OF JOBS: 1.5
BACKGROUND: Shannon decided to go into business for himself after working in automotive repair for the past 19 years as an ASE Certified Master Technician. He has started as a NAPA Auto care Center too, which gives his customers extra security when traveling because if anything goes wrong while traveling it can be repaired by another NAPA Auto Care Center anywhere in the USA.
ASSISTANCE REQUESTED: Business Planning
QUOTABLE: “It has been quite an education putting together a plan for a business. From the first meeting with SEFP until the busi-ness plan was complete took 15-months. I really appreciate the time Nancy Larsen and Mark Slade gave to my wife and I as we researched, learned and decided the direction I would take as a business owner. Thank you very much for offering these services.”
A ribbon cutting and First Dollar presentation were held for Shannon Brooks, The Car Guy LLC, by PACC, PDC and SEFP. Those on hand to congratulate this new business were back row: Barbara Brooks, Mark Kasten, Justin O’Keefe, Bob Sneller, Isabella & David Lambert and Luverne Langerock. Front row: Mary, Paige, Sabrina, Mariah & Shannon Brooks, Abigail Lambert, Nancy Larsen, Julie Dykstra and Jane Hertel. Not shown is Mark Slade of SBDC. Picture courtesy of Southeastern Electric Cooperative Inc.
A New Business
COMPANY: Petersen Portraits
OWNER: Kim Petersen
LOCATION: Parkston, SD
PHONE/EMAIL: (605) 928-3525 / [email protected]
NUMBER OF JOBS: 1
BACKGROUND: A naturally creative person, Kim was drawn to photography while in college. She started her own business five years ago in another community. A building on Parkston’s Main Street gave her the opportunity to create a beautiful setting to do business. She takes classes at Mid-America Institute of Professional Photographers every year to continue her education.
ASSISTANCE REQUESTED: Business Planning
QUOTABLE: “The SEFP and SBDC helped me put together the details of my business plan and it would not have gotten done without the help. It made me stop and think about the processes and the importance of planning. I thank you for this free and confidential business assistance.”
Siegfried and Amy Nicke and sons Tucker and Tyler are shown accepting the 1st Dollar of Profit as the Southeast Enterprise Facilitation (SEFP) board with Nancy Larsen, who assisted to develop a plan for business and Sharon Schamber of Freeman Community Development Corporation gathered to wish them well. The SEFP board above includes: Judy Rokusek, Lana Herlyn, Philip Svartoien, Curt Lukes, Dave Hoffman, Luverne Langerock, John Deppe and Karen Freier. Picture courtesy of Southeastern Electric Cooperative Inc.
The 1st Dollar of Profit was presented to Kim Petersen, owner of Petersen Portraits in Parkston from Nancy Larsen, Enterprise Facilitator. Those present include, back row: John Deppe, John McDonald, Parkston Mayor Dave Hoffman, Luverne Langerock (SEFP board members) and Mike Maxwell, representing Parkston Commercial Club. In the front are Lana Herlyn, Kim and Nancy. Not shown is Sue Stoll of SBDC. Picture courtesy of Southeastern Electric Cooperative Inc.
A New Business
COMPANY: Siggi’s Arbeit (work)
OWNERS: Siegfried and Amy Nicke
LOCATION: Freeman
CELL PHONES: (605) 660-9685 and (605) 660-9683
NUMBER OF JOBS: 1.5
BACKGROUND: Siegfried has gone through an apprenticeship in Germa-ny, Alaska and Wisconsin before moving to South Dakota. Throughout his entire life he has been employed by construction and painter’s unions and now looks forward to working for himself and his family.
ASSISTANCE REQUESTED: Business Planning
QUOTABLE: “Sharon Schamber encouraged us to contact the SEFP Facilitator for help in assisting with our business idea. Nancy Larsen helped us recognize our local market and develop our business image as we completed our plan for doing business. The help was just what we needed when we needed it. Thanks.”
A New Business
COMPANY: R & B Contracting
OWNERS: Rick Preston & Bryan Woodhams
CELL PHONES: (605) 660-5824 and (605) 660-6871
LOCATION: Freeman, SD
NUMBER OF JOBS: 2
BACKGROUND: Rick and Bryan grew up in different parts of the USA but came together in Freeman. Both have many years of concrete and land-scape experience and look forward to working for themselves and design-ing/creating for you.
ASSISTANCE REQUESTED: Business Planning
QUOTABLE: “The banker suggested we contact Nancy Larsen to look at owning a business. Throughout our time together she provided tools and understanding to get organized and complete a business plan. The SBDC also educated us on the financial aspect of business and we appreciate all of the help and encouragement.”
COMPANY: Attitudes by Kelsi
OWNER: Kelsi Groth
LOCATION: Parker
PHONE: (605) 297-5379
NUMBER OF JOBS: 2
BACKGROUND: Kelsi graduated from Stewarts School of Cos-metology in 1992 and after working for others began this business in 1998, renting the present facility. Over the years, walls, a new fur-nace, decorating and equipment have been added while building the clientele. Through this business expansion more services are added along with the services of a home town resident, Shelli Christiansen.
ASSISTANCE REQUESTED: Business Planning
QUOTABLE: “I didn’t know if my dreams to expand my salon would ever happen but after working with Nancy Larsen and Mark Slade everything just came together. I never had a business plan before and now I do and hope to follow the plan as best as I can. Thanks to everyone for making my dreams a reality.”
Kelsi Groth is excited to introduce Shelli Christiansen as a part of her business expansion at Attitudes by Kelsi. The PDC and PACC reps were on hand as well as SEFP board members for a ribbon cutting and presentation of 1st Dollar(s) of Profit. Front row (l-r): Tracey Olson, Shelli Christiansen, Kelsi Groth and Nancy Larsen. Second row (l-r): Mark Kasten, Curt Lukes, Julie Dykstra of Farmers State Bank, Char Hay and Lisa Carlson. Third row (l-r): John McDonald, David Lambert, Mark Joffer and Jim Jones. Picture courtesy of Southeastern Electric Cooperative Inc
An Expanded Business
Rick Preston and Bryan Woodhams are shown accepting the “1st Dollar of Profit” at the beginning of their R & B Contracting business with Nancy Larsen, who assisted to develop a plan for business. Sharon Schamber of Freeman Community Development Corporation was on hand to welcome this new business as well as the following SEFP board members: Lana Herlyn, Judy Rokusek, Philip Svartoien, Curt Lukes, Dave Hoffman,
Luverne Langerock, John Deppe and Karen Freier. Not shown is Sue Stoll, SBDC. Picture courtesy of Southeastern Electric Cooperative
*HOMEGROWN BUSINESSES OFFER VALUE*
The following outlines 10 ways locally owned businesses offer lasting benefits. 1. Local Character and Prosperity In an increasingly homogenized world, communities that preserve their one-of-a-kind busi-
nesses and distinctive character have an economic advantage. 2. Community Well-Being Locally owned businesses build strong communities by sustaining vibrant town centers, linking neigh-
bors in a web of economic and social relationships and contributing to local causes. 3. Local Decision-Making Local ownership ensures that important decisions are made locally by people who live in the community
and who will feel the impacts of those decisions. 4. Keeping Dollars in the Local Economy Compared to chain stores, locally owned businesses recycle a much larger share of their
revenue back into the local economy, enriching the whole community. 5. Jobs and Wages Locally owned businesses create more jobs locally and in some sectors, provide better wages and benefits than
chains do. 6. Entrepreneurship Entrepreneurship fuels America's economic innovation and prosperity and serves as a key means for families
to move out of low-wage jobs and into the middle class. 7. Public Benefits and Costs Local stores in town centers require comparatively little infrastructure and make more efficient use of
public services relative to big box stores and strip shopping malls. 8. Environmental Sustainability Local stores help to sustain vibrant, compact, walkable town centers--which in turn are essential
to reducing sprawl, automobile use, habitat loss and air & water pollution. 9. Competition A marketplace of tens of thousands of small businesses is the best way to ensure innovation and low prices over the
long-term. 10. Product Diversity A multitude of small businesses, each selecting products based, not on a national sales plan, but on their own
interests and the needs of their local customers, guarantees a much broader range of product choices.
SUPPORT YOUR LOCAL BUSINESSES! *Research available at www.newrules.org The HOMETOWN Advantage, reviving locally owned business
A New Business
The SEFP would not be possible without the support of participating communities, local businesses, organizations, corporate sponsors and partners in the MSA area of Sioux Falls, SD. The contributors listed below are the investors from 2006, into 2007.
Thank you for partnering for a stronger economy.
The Investors & Partners FIND VALUE in Turner & Hutchinson Counties
ORIGINAL SEFP Task Force on Feb 5, 1997
2007 SEFP Board Members & Officers “Valuable Volunteers”
Dave Hoffman, President (2005) Mayor of Parkston
Curt Lukes, Vice President (2002)
Parker Development Corporation John McDonald, Treasurer Southeastern Electric Cooperative Inc.
Karen Freier, Secretary (2002)
Corporate Representative John Deppe, Ex Officio Lower James RC & D
Mark Buechler, Past President (2002)
Deployed to Iraq until June 2008
Jennifer Friederich (2005)
Tripp City & Tripp Development Lana Herlyn Marion Community
Glenn Kirschenman (2004)
Menno Development Corporation
Luverne Langerock (1998) Turner County Commission
John Limoges (2006)
Centerville Development Corporation Judy Rokusek (2007)
Hutchinson County Commission
Philip Svartoien (2001)
Freeman Community Development Lyle VanHove Turner County Commission
Alan Ward Turner County Representative
Indicates 10 years of service to SEFP
Bill Hanson Centerville
Sharon Schamber Freeman
Harlan Brue Scotland
Lana Herlyn Marion
John Deppe Mitchell
John Chicoine, Chairman Parker
Jerry Isaak Centerville
Jay Nagel Irene
Kevin Storbakken Viborg
Laura Wilson Marion
Alan Ward Viborg
Michael Utter, Rep. Sirolli Institute
Randel Maass Bridgewater
Glenn Gering Freeman
Vhonda Miller Irene
Lyle VanHove Parker
John McDonald Parker
“VISIONARIES”
Avera Health, Sioux Falls Cargill, Parker
Centerville City Centerville Development Corporation
Citigroup, N.A., Sioux Falls CorTrust Bank, Freeman
Dakota Heritage State Bank, Chancellor East River Electric Cooperative Inc., Madison
Farmers State Bank, Marion & Parker First Dakota National Bank, Parkston
First MidWest Bank, Centerville First Savings Bank, Parker
Freeman City Freeman Community Development Corporation
FreMar Farmers Cooperative Inc., Marion FREMAR LLC, Marion
Great Plains Ethanol LLC, Chancellor Home Federal Bank, Freeman
Hutchinson County Commission, Olivet Lower James RC&D, Mitchell
Marion City Marion Development Corporation Menno Development Corporation
Menno State Bank, Menno Merchants State Bank, Freeman, Viborg & Hurley
Parker City Parker Development Corporation
Parker Pharmacy, Parker Parker Ford Inc., Parker
Parkston City Parkston Development Corporation
Parkston Commercial Club Prairie Wave Telecommunications Sioux Valley Hospital, Sioux Falls
Southeastern Electric Cooperative Inc. Tripp City
Tripp Development Corporation Turner County Commission, Parker Wells Fargo Bank, Viborg & Irene
Wells Fargo Financial Bank, Sioux Falls