{"id":1240,"date":"2022-01-05T08:48:04","date_gmt":"2022-01-05T08:48:04","guid":{"rendered":"https:\/\/www.mysetaside.com\/newsevents\/?p=1240"},"modified":"2022-01-05T08:48:06","modified_gmt":"2022-01-05T08:48:06","slug":"sba-wyoming-district-office-newsletter-jan-2022","status":"publish","type":"post","link":"https:\/\/www.mysetaside.com\/news-and-events\/sba-wyoming-district-office-newsletter-jan-2022\/","title":{"rendered":"SBA Wyoming District Office Newsletter – Jan. 2022"},"content":{"rendered":"\n
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\nLatest News from the Wyoming District Office <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/a>\n\n\n\n
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\nWyoming District Office  <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nDeadline Approaching for National Small Business Week Nominations <\/h1>\n\n\n\n\n
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\nNominations are continuing to be accepted for the 2022 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation\u2019s economy.<\/p>\n

\nAll nominations should be submitted electronically by 3 p.m. EST on January 11, 2022. The awards will be presented during the NSBW Awards ceremony in the first week of May 2022.<\/p>\n

\nTo nominate a small business owner in your area or download related forms, criteria, and guidelines, visit sba.gov\/nsbw<\/a>. SBA Wyoming District Office team member Jordan Belser is available to answer any questions you may have about the nomination process and\n can be reached at jordan.belser@sba.gov<\/a>.<\/p>\n

\nLearn more \nhere<\/a>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

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\nOther Headlines<\/h1>\n\n\n\n
\"SBA\n

\nSBA Wyoming District Office to Host Free Surety Bond Event<\/h2>\n

\nDo you have limited or no bonding experience? Are you experiencing difficulty qualifying for bonding? Do you want to increase your bond limits? Please consider joining us for a free webinar that’ll feature everything you want to know about contract bonds and\n surety bonding guarantees. Learn how to obtain contract bonds up to $10 million!<\/p>\n

\nThe webinar will be held Thursday, January 6, 2022 from 1:00 p.m. to 2:00 p.m. MT. For registration information, please email SBA Wyoming District Office team member Jordan Belser at jordan.belser@sba.gov<\/a>. <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\nExporting 101<\/h2>\n

\nBy: Patty Brewer, Export Finance Manager, SBA<\/em><\/p>\n

\nThe transition from one year to another provides an opportunity for both reflection and planning. As a small business owner, you are looking at the past year\u2019s challenges and developing plans for growth. For some of you, that growth includes international expansion.\n Exporting might seem exotic, but many struggling small businesses learned during the COVID-19 pandemic that sales diversification is a solid strategy. Research has shown that small businesses engaged in international trade grow faster, pay higher wages, and\n are more resilient during tough economic times. Nearly 98% of American exporters are small businesses generating $2 trillion in export sales. Maybe 2022 is the year you join the 300,000 small businesses that are already selling internationally.\n
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\nHow does a small business start exporting?
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\n1. Do a Self-Assessment. What\u2019s the current state of your business, finances, employees, supply chain, and production capabilities?
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\n2. Call your network. There are a variety of federal, state, and municipal organizations ready to provide assistance on all aspects of business management and international trade. Start with the Small Business Development Center (Wyoming SBDC Network – Entrepreneurs\n Helping Entrepreneurs) for counseling and training, Manufacturing Works (Home – Manufacturing Works (manufacturing-works.com<\/a>) for production efficiencies, Wyoming Business Center (Grow Your Market – Wyoming Business Council) for state grant and loan programs,\n and the U.S. Commercial Service (Colorado Denver (trade.gov<\/a>) for market research.
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\n3. Do your research. Who are your customers, what price will they pay, and who is your competition? What are the country restrictions for ingredients or packaging? How will you get your product to your customers?
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\n4. Write an Export Business Plan that describes the product being exported, buyers\u2019 countries and trade environment, logistics, landed costs, and sales projections.
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\n5. Write your marketing plan. How will your customers find you, get the product, and pay you?
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\n6. How will you pay for the international expansion: cash flow, grants, SBA loans, EXIM Bank, or venture capital?
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\nExporting is a proven strategy for generating growth and creating a resilient company. Will 2022 be your year to move into the global market?
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\nPatty Brewer is an Export Finance Manager with the SBA\u2019s Office of International Trade. Her territory includes Colorado, Montana, Utah, and Wyoming. She can be reached at 720-556-4664 or patricia.brewer@sba.gov<\/a>.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\nUpcoming Events<\/h1>\n

\nJan. 11: Time Management: Beat Procrastination & Improve Your Focus (Presented by the Wyoming Women’s Business Center)<\/h2>\n

\nMillions of people swear by the life-changing power of the Pomodoro Technique, a popular time-management method. This popular time management method asks you to alternate focused work sessions with frequent short breaks to promote sustained concentration and\n stave off mental fatigue.<\/p>\n

\nIn this 30-minute webinar, you\u2019ll learn about the Pomodoro Technique and what makes it effective. You\u2019ll learn how to gamify your productivity to focus on consistency rather than perfection. Register\n\nhere<\/a>.<\/p>\n

\nJan. 12: PTAC Lunch and Learn \u2013 HUD Section 3 Business Registry (Presented by the Wyoming SBDC Network)<\/h2>\n

\nPlease join Trent Lofts of the HUD Wyoming Field Office to discuss the new HUD Section 3 online business registry. As a partner in community and economic development, HUD has developed an online resource to help businesses and workers increase their access\n to economic opportunities that are generated from projects that receive certain HUD funds. Register\n\nhere<\/a>.<\/p>\n

\nJan. 13: 15 Offline Marketing Ideas for Your Small Business (Presented by the Wyoming Women’s Business Center)<\/h2>\n

\nWhile online content is a valuable piece of any marketing plan, rural Wyoming\u2019s small businesses benefit greatly from careful attention to an offline strategy. In this free, 30-minute webinar, we will explore 15 offline marketing ideas for your small business\n that will complement your online strategy and engage your community of customers off the web. Join us on Thursday, January 13th at noon to learn how to reach your local audience beyond their smartphone screen! Register\n\nhere<\/a>.<\/p>\n

\nJan. 18: Get Your Side Hustle On \u2013 Build Your Dream Job While Keeping Your Day Job (Presented by the Wyoming SBDC Network)<\/h2>\n

\nSurveys show that about half of working Americans have some sort of side hustle\u2014a number that increased sharply during the pandemic. This webinar, presented by a long-term side hustler, will help you identify a hustle to supplement or replace your income or\n to just build a fun fund for travel or a specific purchase. You will also learn about important financial implications of managing extra income, marketing tips, and operational strategies to keep your hustle going and growing. Register\n\nhere<\/a>.<\/p>\n

\nJan. 18: 7 Options to Access Money for your Small Business (Presented by the Wyoming Women’s Business Center)<\/h2>\n

\nWe all know that small businesses need money to start or expand and grow. How do you determine the best funding options for your business? In this webinar, you\u2019ll learn the top 7 funding sources available and what you need to consider for each.<\/p>\n

\nFrom bootstrapping to venture capital, this 30-minute webinar will explain the landscape of funding for small businesses in Wyoming and help you plan your next step! Register\n\nhere<\/a>.<\/p>\n

\nJan. 19: PTAC Lunch and Learn \u2013 Selling Food and Beverage to the Government<\/h2>\n

\nHave you ever considered selling your food or beverage products to the federal government? Perhaps it\u2019s not something you thought about\u2026yet. Join Wyoming PTAC for an informal overview about applying to six federal agencies including DLA, Department of Commissary,\n Military Exchanges, USDA, Bureau of Prisons, and the National Park Service. We will briefly cover each agency, items they might procure, and a high-level overview of application processes for each. Register\n\nhere<\/a>.<\/p>\n

\nJanuary is packed with free trainings from our resource partners at the\n\nWyoming SBDC Network<\/a> and the \nWyoming Women’s Business Center<\/a>, so please visit their websites to see all this month has to offer!<\/em><\/strong><\/p>\n

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\nWyoming SBDC Network Biz Tip<\/h1>\n\n\n\n
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\n\u201cI\u2019m about to start up a new business. Should I write a business plan?\u201d<\/p>\n

\nThe answer to that question is a resounding \u201cYes.\u201d I will qualify my response; however, with \u201cbut not for all of the reasons you think.\u201d<\/p>\n

\nDuring the past several years, much has been written about business plans. Many websites promise to either write the plan for you or provide all of the \u201cmagic materials\u201d you need to create a successful plan \u2013 for a price. The result is that the aspiring entrepreneur\n assumes that a business plan is a ticket to guaranteed business success. A good plan certainly helps, but the actual process of developing the plan probably provides the most benefit to the entrepreneur. A comprehensive business plan will help you make the\n informed decisions that will lead to success. And, there is nobody more qualified to write that plan than you are, because all of the ideas and dreams for that business are yours.<\/p>\n

\nEvery business is a network of functions that must coordinate well to achieve success. As a start-up sole proprietor with no employees, your business will require the same basic operations as a large corporation. For example, the marketing department must coordinate\n with the purchasing or manufacturing department to be certain that there is enough product to fulfill demand created by the latest advertising campaign. The bookkeeping department must coordinate with the personnel department to be sure there is enough money\n in the bank to pay a new employee. All of these \u201cdepartments\u201d may be \u201cyou,\u201d but any entrepreneur needs to understand the effects that any change in one area will have on the whole.<\/p>\n

\nThe Wyoming SBDC Network provides clients with a similar outline, regardless of the type of business. Why? Because every business has to think through the same necessary functions: marketing, inventory, recordkeeping, human resources, etc. The exact details\n of the plan may change the first day you open, but the business planning experience of thinking through every aspect of the business and planning how those functions will coordinate will help you throughout the life of the business.<\/p>\n

\nWriting a business plan will teach you a new way of thinking about your business as a network of systems that work together. A change in one function may result in a change in one or more other systems and a change in your financial position. Writing that first\n plan will be a voyage of discovery and help you make the tough decisions that will result in success. Contact the Wyoming SBDC Network to receive business planning templates, industry research, comparable financials and more. Best of all, we will carefully\n review your plan so that the finished result is the best plan possible for your project.<\/p>\n

\nLearn more about the Wyoming SBDC Network \nhere<\/a>.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\nLatest News from the Wyoming District Office <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\nWyoming District Office  <\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nDeadline Approaching for National Small Business Week Nominations <\/h1>\n\n\n\n
\"Illustration<\/p>\n

\nNominations are continuing to be accepted for the 2022 National Small Business Week (NSBW) Awards. The NSBW Awards recognize the achievements of SBA-assisted small businesses and the contributions they have made to their communities and our nation\u2019s economy.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1240","post","type-post","status-publish","format-standard","hentry","category-news-events"],"_links":{"self":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/1240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/comments?post=1240"}],"version-history":[{"count":2,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/1240\/revisions"}],"predecessor-version":[{"id":1242,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/posts\/1240\/revisions\/1242"}],"wp:attachment":[{"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/media?parent=1240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/categories?post=1240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mysetaside.com\/news-and-events\/wp-json\/wp\/v2\/tags?post=1240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}