Retirement for the Small Business Owner: Is It Even Possible?

retirementHere’s the fatal flaw in the retirement plan of many small business owners: after pouring a lifetime of sweat, time and capital into building their businesses, their rough-sketch exit strategy is to sell out someday for a ton of money—and then settle back and enjoy a financially secure retirement.

Many business owners are so sure this will happen that they don’t bother to make any other retirement plans.

And that’s a big mistake.

Why? It’s an undependable fantasy that depends on a magical person who, at just the right moment, swoops in with cash in hand to buy your company–and pay a fair price. The reality: for thousands of small business owners each year, no one steps forward.

Perhaps your business is too specialized or is tied too closely to the owner’s unique personality and skills. Or perhaps possible buyers equate retirement sale with distress sale and make only low-ball offers. Continue reading

Watch the 8th Annual Tri-State Awards Dinner LIVE in Las Vegas May 28

Click here to download the Awards Dinner Program.

The 8th Annual Tri-State Awards Dinner will be held on Thursday, May 28, 2015.

The first and second place award winners in the graduate and undergraduate tracks will be announced at the Awards Dinner, which will be streamed LIVE from the Mirage Hotel May 28 from 6:30 p.m. – 8:00 p.m. PST. (8:30 p.m. – 10:00 p.m. CST). All competitors will be making elevator pitches during the dinner before the awards are presented. Continue reading

Creating an Exuberant Elevator Pitch

Elevator PitchElevator pitches are all the rage right now. Looking at the way the world works, people act like they barely have enough time to put down their cell phones or tablets long enough to do important things like eat and shower. Ask them to pay attention to something that’s not important for more than 5 minutes? That’s blasphemy! Too hard! Luckily, and I’d guess out of necessity, the entrepreneurship and venture capital world has latched on to this idea of an elevator pitch. The story goes that at some point an entrepreneur got on this mythical elevator in some massive building in some huge city. Standing next to him just happened to be a key player in an investment firm that could provide said entrepreneur with venture capital. But, alas, he would only be in this elevator with him for 60 seconds! How could he tell him everything he needed to know to secure funding from his awesome company? It’s no secret, and in the next couple paragraphs we’ll give you some tips to create a winner. Continue reading

Arkansas Capital Corporation Is Pleased to Showcase the Work of Diane Harper, Dominique Simmons and Barbara Satterfield

The 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 June 12th Friday Art Night with works by Diane Harper, Dominique Simmons and Barbara Satterfield in a show titled “Southern Curiosities”. 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, June 12 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

Which Mobile Payment Service Is Best for Your Business?

OnlineShoppingSmall businesses come in all shapes and sizes and setup in all kinds of locations. If you don’t have a physical location for your business, it’s important to be able to take mobile payments. With the advances in technology, small businesses can now accept payments over all kinds of devices like tablets, cell phones, etc. making it extremely easy to sell your products from pretty much anywhere you have cell service or an internet connection. In an article for Inc.com, “Which Mobile Payment Service Is Best for Your Business?”, Maeghan Ouimet compares six top contenders in the industry giving you information on each so that you can make the decision on which would be suit your business’s needs. In this post we will look at a couple of the top contenders. Continue reading

Using LinkedIn to Help Your Business Grow

LinkedinWe all know how much social media has changed the way we communicate with each other. Although it may not be as prevalent, social media has also changed the way small businesses do a number of things. LinkedIn has consistently grown, now with over 135 million individual users and 7 million companies registered, it can obviously offer some value to entrepreneurs and small business owners. An article by Marla Tabaka, on Inc.com, entitled “Unlock the Secrets of LinkedIn” gives entrepreneurs and small business owners a starting point to begin using LinkedIn as a social media platform for their businesses.

Researching Connections and Targeting Customers Using LinkedIn

In the article, Tabaka interviews Barbara Rozgonyi who suggests LinkedIn can be used to research connections and target customers for business development and gives the following tips for doing so:

  • LinkedIn’s advance search lets you target people, groups, and companies. Here you can type in a search term [skill, certification, industry, company, etc.]. Then, check the filters [location, company size, seniority, etc.] for a more defined search. You’ll see results that include a photo, title, and connection to you—something you can’t get on any other network.
  • Check out LinkedIn’s skills section. Here you can research skills and search terms. You’ll find related terms, people and groups who best match the skill.
  • Make a list of your target companies, go directly to the company site and locate someone you’d like to connect with. Then check to see what LinkedIn groups they belong to, join one of them and send them an invitation based on your common membership. This commonality will increase the odds of your invitation being accepted.

Continue reading

Arkansas Capital Corporation Is Pleased to Showcase the Work of Diane Harper, Dominique Simmons and Barbara Satterfield

The 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 May 8th Friday Art Night with works by Diane Harper, Dominique Simmons and Barbara Satterfield in a show titled “Southern Curiosities”. 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, May 8 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