Expo offers tips on how to start your own successful business
Sun, 10 Aug 2014 03:40:40 GMT —
If you have a great plan and a little bit of faith, you're dream of opening a small business could come true.
That's the message business experts shared at the 2nd Annual Entrepreneurial Expo in Quincy Saturday.
"About 90 percent of the businesses will be out of business in 10 Years," Charles Bell, the entrepreneurship director for the Great River Economic Development Foundation, said.
Bell is just one of the experts at this year TMs expo that offered local business owners and aspiring entrepreneurs some advice to keep them from becoming that statistic.
"You need to look into the feasibility of the business, whether you can really generate enough income," Bell said.
Dorinda Davis came to get tips on how to make her new personal chef and private dining business a gold mine.
"Great information as far as finances, taxes on how to put together a business plan," Davis said.
I think the first step is to really look at what steps you need to take to develop a business plan," Bell said.
Once you have a solid business model, Bell says talk it out.
I think it is good to get friends or particularly friends that have good business knowledge ... get their opinions of it," Bell said.
This expo also gave potential business owners some hope.
The Quincy Area Chamber of Commerce awarded one entrepreneur with a fat check.
Dr. Kristin Spear received it for winning the Chamber's 2014 Business Plan Competition.
The money will help her start her new business, Paws At Home.
"We proposed a house call veterinary practice and we're fortunate to be chosen as the 2014 winner," Spear said.
"This was kind of a new concept for our area. She has the credentials for it. The business plan itself was sound, Quincy Area Chamber of Commerce Executive Director Amy Looten said
"We're going to use it to generate a website that really explains what the benefits are for a house-call practice. We're also going to use it for logo designs, some equipment purchases," Spear said.
It is the perfect inspiration Davis needed to see.
"I'm excited. I feel like I'm walking away with the tools so that I can succeed in business," Davis said.
"One best piece of advice would be to not be afraid to get advice and to look for advice," Bell said.
Spear's check was for $10,000.