Is 2020 the Year You Go Into Business?

Was your New Year’s Resolution to start your own business? January has come and gone and February is drawing to an end, too. Have you started your business yet? Statistically it’s likely that you haven’t, but why? Research has shown that Resolutions fail not because we’re all quitters but because of the way we design our resolutions. We make broad goals that feel too large and end up quitting.

So what should we do? Rather than tackle a large goal, like say “start a business,” make a smaller, more specific goal. If you’re in the 80% of Americans who have already abandoned your New Year’s Resolution don’t give up just focus on that first step. A good first step on the path to starting your own business is coming up with a business plan.

Don’t know anything about business plans? Don’t worry there are many good resources available for people who need help crafting their business plan. The Small Business Administration (SBA) has a helpful tutorial on writing a business plan on their website. The Denver Public Library allows all cardholders access to their Business Plans Handbook, which consists of a collection of business plans that will provide you with an example on how to write yours.

You can also participate in the SBDC’s many low-cost classes designed to help business owners in all stages of starting and running a business. Several of these classes focus specifically on getting started! You can find a list of all “getting started” classes on the Colorado SBDC website.

Montrose Manor B&B

Freddie and Tom Hancock took one look at their new home in Montrose and saw something beyond a magnificent house. Their dream was to transform it into a bed and breakfast, plus a base for their not for profit animal rescue operation. Familiar with SBDC consulting services in Arizona where they had moved from, the Hancock’s contacted the SBDC for assistance in achieving their dream. Reviewing their 5-year financial forecast, the SBDC consultant provided instruction

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Element Pet Nutrition

“Not only did I learn a great deal from these exercises, but I was also able to produce solid projections on productivity, which led to raising seed funding for my business. I even had the luxury of choosing the investor of my choice.” Element Pet Nutrition was born out of the love for dogs and cats and the mission to provide them a better quality of life. While working in a veterinary clinic, Marney Zafi

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Black Swift Technologies

Boulder-based company Black Swift Technologies was founded by three PhD students from the University of Colorado. The three men were inspired to start the company from their work in the field during their studies. At CU, they learned how to chase storms and collect data using old military equipment, which is relatively complicated to use. They set out to simplify the process with unmanned aircraft systems and Black Swift Technologies was born. Although they are

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Leuallen Sales & Service

Kevin Leuallen’s grandfather, Floyde, and father, Charles, inspired him to become an entrepreneur. His father owned various food delivery routes, a donut store, a mini storage, a miniature golf course, and a liquor store along with A & W and Dairy Cream restaurants in Rifle, Colorado. As a young boy working for his grandfather, Kevin used to help out in his restaurants . Kevin also helped his dad deliver Holsom Bread in the Rifle, Colorado

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JITA Contracting Inc.

With the help of the SBDC, Joel Aguilar was lucky enough to get his 8 a certification for JITA Contracting, Inc. from the SBA and has grown his business tremendously. With the help of the SBDC, Joel Aguilar was lucky enough to get his 8 a certification for JITA Contracting, Inc. from the SBA and has grown his business tremendously. He explains, “It took us over five months of filling out over 1,300 pages of

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Meier Skis

“The whole idea is to keep it as local as possible,” says Matt Cudmore who started Meier Skis in 2009. “We emphasize home-grown, local wood and a product coming right out of Glenwood Springs.” Matt, who had been making skateboards for several years, began making the skis using primarily Colorado-grown beetle kill pine, working in a one-car garage. As the story goes, he gave up searching for “the next perfect ski” and decided to build

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