small business News for November 28 2017

“Managing Small Business”

The University of Georgia Small Business Development Center

“It’s good to have a person like David [Lewis] who can advise us. Whenever we get a new idea for our business, we sit down and review different scenarios. He knows what works and what doesn’t work, and our results have been very positive.” “Many people start out thinking ‘I’ve got a great business idea! I know how to bake a cake or create a website.’ But it’s not just that. How will you pay people? How do you manage your financing and relationships? How do you get people to find your website? That’s where the SBDC comes into play. They have a lot of experience. They’re like a coach in your corner.” “I found out about the SBDC after I went to a couple of different banks. They said ‘your numbers look good, but they could look a lot better, so go talk to these guys.’ I did and came back with the complete package.” “I had no small business experience before. I am a speech pathologist and my husband is a marine engineer. We took the SBDC’s GrowSmart program, then started going to the SBDC’s free business consultations, and it was awesome. It still is!”. “People don’t understand how large this industry is. It will continue to grow as parking density and security needs increase. We expect the SBDC will continue to help us manage this dynamic change. They’ll help us focus on specific opportunities and maximize our presence in the marketplace.” Lois and Mike Givens, ITR. “The SBDC’s exprienced, knowledeable team can talk the nitty-gritty of commercialization. They helped carry IS3D from idea to a produt for the marketplace.” “The SBDC can help you refine your vi- sion and work to make it happen.” I’ve already recommended him to several entrepreneurs, and he’s helped put together several of their plans. “For me, it was not only beneficial, but vital to develop this relationship with Erica [Bracey] and the SBDC. I won’t go through this process again without her help in making sure I have everything in line. “I will keep going back to Mark [Lupo] and the SBDC. The things he and the SBDC do help me dig deep roots. “We knew all we needed to know as domestic distributors, but we had no direct knowledge of the foreign customer,” says Nut Tree Pecan’s Francis “Putt” Wetherbee, who attended the Georgia SBDC’s ExportGA class and found “it was a great experience. Francis “Putt” Wetherbee, Nut Tree Pecan, Inc. The SBDC helped me strengthen the business plan and put together the loan packet for the construction of our 9,500 square foot building designed just for children.

ADT Alarm & Commercial Security Services

You may be entitled to a cash payment from a class action settlement fund if you have or had an ADT residential security system that included wireless sensors. This notice affects you if, between November 13, 2009 and August 15, 2016, you first entered into a contract with ADT or an ADT dealer for installation of a residential security system, or if you had ADT or an ADT dealer install a residential security system, that includes at least one wireless peripheral sensor. Pursuant to a proposed class action settlement, and subject to the approval of the Court, ADT has agreed to pay $16 million to eligible ADT customers, less administrative costs, attorneys’ fees and expenses, and representative service awards. You must submit a claim form to claim your share of the proposed settlement fund. What is the lawsuit about? Several consumers around the country have sued ADT, alleging that ADT failed to disclose that the wireless peripheral sensors used in its residential security systems can be jammed or disrupted and thus allegedly pose security risks. The settlement does not release any of your claims for personal injuries or for damage to or loss of property. The parties have entered into a Settlement Agreement which will be presented to the U.S. District Court for the Northern District of California in the action Edenborough v. ADT LLC, Case No. 16-cv-02233. What benefits does the settlement provide ? The settlement funds will be used to pay eligible class members, pay the legal fees incurred by the class representatives plus expenses, and service awards to each of the class representatives as awarded by the Court, in varying amounts up to a maximum of $10,000. If the Court approves the settlement, ADT customers who meet the eligibility criteria and submit a timely, valid claim form will receive a share of the settlement amount, estimated at $15 and $45 depending on the date of their contracts. These payment amounts may be adjusted up or down depending on the number of Claim Forms received, so as to fully and fairly allocate and pay out the entire net settlement fund to Class Members who submit Claim Forms. None of the money in the settlement fund will revert back to ADT. Tax Consequences of Settlement. How can you get a payment ? Detailed information about the settlement and the claim submission process is posted on the settlement website and can also be obtained by calling the number below.

Objective 1 Objective 2 Objective 3 PROPRIETARY INFORMATION: Do Not Distribute Page 1 Small Business Pack Business Plan Mission Statement A mission statement expresses the higher goals of your company, such as providing services to unique industries, spreading new technologies, or improving education. Company Summarize your company by briefly explaining what your company sells, through what channels, and to whom. Company Ownership Describe the ownership of your company. If the company is new, state why you have decided to start the business. PROPRIETARY INFORMATION: Do Not Distribute Page 2 Small Business Pack Business Plan Company Location and Facilities Briefly describe the offices and locations of your company, the nature and function of each, square footage, lease arrangements, and other facilities information. Use standard information sources to produce an evaluation of current market trends that affect your company’s marketing plan. PROPRIETARY INFORMATION: Do Not Distribute Page 4 Small Business Pack Business Plan Market Forecast / Target Market Discuss your company’s position as it relates to other businesses within your market niche. What will your company do to be better than other businesses? How will you use advertising to market your product(s)/service(s) to your customers? PROPRIETARY INFORMATION: Do Not Distribute Page 6 Small Business Pack Business Plan Sales Plan Describe how you sell your products. Will you sell your products at retail, wholesale, over the Internet, mail order, or phone order? Will you maintain a sales force? How are salespeople trained and how are they compensated? Strategic Alliances Explain how your company handles co-marketing, co-development, commission, and cooperative arrangements. Can you link your promotion or distribution strategies to other companies in a way that improves your company’s position? Organization Indicate the number of employees and management personnel within your company. Who will provide legal or tax advice? Other Management Team Considerations Describe other criteria that affect your company’s business operations. PROPRIETARY INFORMATION: Do Not Distribute Page 9 Small Busine
ss Pack Business Plan Financial Analysis Discuss your company’s most significant financial attributes, such as projected cash flow and net profit for the next three years; return on investment; or internal rate of return.