What Is Your Business Really Worth?

BusinessWorthAt some point, the answer to this question will be critical to all business owners. You may want to sell your company, bring in new investors or partners, or consider an Initial Public Offering (IPO). You may need to determine value for purposes of estate planning. Or, you may simply want to do some competitive analysis and evaluate your company from a market perspective.

Because some of these questions can arise suddenly, performing a complete valuation and periodic updates is a healthy practice for growing small businesses. Continue reading

2015 Youth Business Plan Competition Winners Announced

5th Year of Youth Entrepreneur Showcase 2.0 Business Plan Statewide Competition for Ninth through Twelfth Grade Students

Arkansas Economic Acceleration Foundation (AEAF), an affiliate of The Arkansas Capital Corporation Group, today announced the winners of the Youth Entrepreneur Showcase 2.0 (Y.E.S. 2.0) statewide youth business plan competition for grades ninth through 12th. Today’s winners were chosen in the categories of Best Business Plan and Most Innovative. The competition included 62 teams from nine high schools across Arkansas.

Y.E.S. 2.0 students from across the state and their teacher advisors work to develop and market a business concept. The winners in the two competition categories are as follows:

Best Business Plan

  • First Place – SchEDU, Episcopal Collegiate School in Little Rock
  • Second Place – GroGetters, eStem High Public Charter School in Little Rock
  • Third Place – Life Light, Rogers New Technology High School in Rogers
  • Fourth Place – Ultron Computer Repair, Rogers New Technology High School in Rogers

Most Innovative

  • First Place – GroGetters, eStem High Public Charter School in Little Rock
  • Second Place – Cupcakes by Me!, Rogers New Technology High School in Rogers
  • Third Place – Life Light, Rogers New Technology High School in Rogers
  • Fourth Place – SchEDU, Episcopal Collegiate School in Little Rock

Winning team members for first place in each category received a $100 cash prize and a certificate. The teacher advisor of the first place teams took home an additional $500 and a trophy. Second-, third- and fourth-place winners in each category also received prizes.

Team winners of the Y.E.S. 2.0 business plan competition are selected by Arkansas business, education and community leaders who serve as volunteer judges.

The Arkansas Capital Corporation Group of companies empower entrepreneurs by providing capital in conjunction with community banks to businesses through its capital availability products and advocating for entrepreneurs through capital, educational, and technological improvements. The Arkansas Capital Corporation Group serves as the platform from which new opportunities are launched. In addition to the flagship company, Arkansas Capital Corporation, there are seven affiliate and partner companies, including, Six Bridges Capital Corporation, Arkansas Capital Relending Corporation, Arkansas Economic Acceleration Foundation, Heartland Renaissance Fund, Connect Arkansas, Pine State Regional Center and SouthWind Analytics. To learn more, visit www.arcapital.com.

AEAF was established in 1999, and is a private, non-profit corporation dedicated to education-based initiatives that promote and foster the development of innovation and entrepreneurship within Arkansas. With broad support from the state’s business community, AEAF’s purpose is to nurture people and ideas to generate future Arkansas entrepreneurs.

Is Your Small Business Export Ready?

This month is all about business exporting. Each week we have talked about exporting and how it can benefit your small business. The first article introduced you to exporting and provided you with a guide to small business exporting. Last week’s article gave you 8 reasons why you should export. This week we want to determine if your business is ready for exporting.

To find out if you and your business is ready for exporting, ask yourself these six questions: Continue reading

Why Export?

import-exportLast week we provided a small business guide to exporting and tips on how you can get started with exporting. If you missed the article, click here to read: Small Business Guide to Exporting.

Continuing this week on exporting, you might be asking why it is important to export or where you can find out more about exporting. Below, the U.S. Small Business Administration offers these eight reasons to export:

 

  1. Decline in the exchange rate of the dollar is resulting in increased purchasing power in many export markets
  2. The U.S. has manufacturing capacity and lots of workers available
  3. Costs for transportation and communication have dropped
  4. Trade barriers have been reduced
  5. Exporting can increase sales and profit
  6. Increase market and reduce dependence on domestic markets
  7. Extend the sales potential and product life of existing product
  8. Stabilize seasonal market/sales fluctuations.

Continue reading

2015 Donald W. Reynolds Governor’s Cup Finalists and Semi-Finalists Announced

The best business plans from college and university teams statewide were recently selected to compete in the next round of the state’s premier business plan competition.

Teams from six Arkansas colleges and universities were announced today as finalists in the 15th annual Donald W. Reynolds Governor’s Cup Collegiate Business Plan Competition that is managed by The Arkansas Economic Acceleration Foundation, an affiliate of The Arkansas Capital Corporation Group.

On April 2 at the Embassy Suites in Little Rock, AR., the 12 advancing semi-finalist undergraduate teams will make a 20-minute presentation to volunteer judges from the state’s business and entrepreneurial sectors. Afterward, they will answer questions from judges for 15 minutes. Two judges’ panels will determine the six finalist undergraduate teams. The six undergraduate finalist teams, along with the six graduate finalist teams, will compete in the last round of oral presentations for first-, second- and third-place prizes April 3 at the Embassy Suites.

Again this year, teams will compete for cash prizes totaling $154,000, which will be awarded during the Donald W. Reynolds Governor’s Cup awards luncheon, Wednesday, April 22, at the Statehouse Convention Center in Little Rock. Tickets to the luncheon are still available and can be purchased here.

The 2015 semi-finalists and finalists are: Continue reading

Small Business Guide to Exporting

import-exportWith the emergence of e-commerce, businesses can now sell and ship their products around the world much easier than in the past.

Many small businesses don’t think they have the ability to export their products. Just figuring out where to get started often seems like a monumental task. There are quite a few resources out there that can help jump start exporting for your business.

 

The Small Business Administration (SBA) offers lots of great resources for helping get started. One is the Export Business Planner.

This downloadable tool allows you to save and customize your work as you progress through the tool. The tool includes:

  • How to determine your export readiness
  • Training and counseling information
  • Worksheets for global market research
  • Financing information and options
  • Customizable export business plan and marketing plan templates

Continue reading

Arkansas Capital Corporation Is Pleased to Showcase the Work of Neal Harrington, Tammy Harrington, and David Mudrinich

2nd Friday Art NightThe Arkansas Capital Corporation Group (ACCG) is dedicated to helping small businesses and entrepreneurs throughout Arkansas succeed. Arkansas artists are certainly entrepreneurs. In 2013, ACCG began showcasing the work of Arkansas artists in our offices and began hosting open houses open to the public to help support the artists, as well as provide our community of staff, clients and visitors with a chance to be inspired by the art and be able to network at our offices as part of downtown Little Rock’s 2nd Friday Art Night. We are continuing that successful public-artist venture with the March 13th Friday Art Night with works by Neal Harrington, Tammy Harrington, and David Mudrinich in a show titled “Inside the Valley”. Robert Bean is the show curator.

Whether you are interested in learning more about the many lending products or just need a little visual inspiration, please stop by our offices Friday, March 13 from 5-8 p.m. Light hors d’oeuvres and drinks will be served. The artists will all be at the event to discuss their work, and all work is for sale with proceeds directly benefiting the artist.

Our offices are located at 200 River Market, Avenue, Suite 400, Little Rock, AR 72201. Two nearby parking decks, as well as street parking are available. We are at Trolley Stop 10. Additional details about the trolley are available here. Continue reading