June 17, 2014 – Friendly to small business: Survey of owners ranked Idaho second in nation
“After a two-month survey of thousands of small business owners nationwide, Idaho’s reputation as a state welcoming of small business has been affirmed,” said Jon Lieber, Thumbtack.com’s chief economist. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Idaho has a strong showing across the board.”
April 2, 2014 – Idaho SBDC Helps Business Increase Revenue by 30%
From its humble beginnings, Bullet Tools has evolved into a major U.S. manufacturer and world leader in innovative flooring, siding and insulation cutting solutions. Its mission is to “Continually improve the lives and livelihoods of tradesmen across the globe by providing cutting edge solutions.”
The Idaho Small Business Development Center (SBDC) helped the company create its first business plan and obtain initial financing.
February 25, 2014 – The Restaurant Biz Doesn’t Have To Bite
Mike Wells and his wife had a lunch date. They chose a local place to eat and, Wells said, had what he considered “one of the best
restaurant experiences in my life.” It was so good, Wells said, that just two days later, he and his wife went back for an encore. But this time, the service was terrible; the meal, a disaster.
“It went from one of the best experiences to one of the worst, just like that,” Wells told an audience of 50 restaurant owners and managers from throughout the Inland Northwest on Feb. 11. So instead of going back two days later, Mr. and Mrs. Wells did not return to the restaurant for eight months. Two days vs. eight months.
February 25, 2014 – Export products, import cash
George Atchley explained during the workshop, many of the world’s marketplaces are eager for American-made goods and products. He played a couple of games with myth and fact. First, Atchley listed a handful of reasons some businesses assume they can’t or shouldn’t export, including:
- They think exporting is too complicated.
- They doubt that other countries can afford to buy their products.
- They think people won’t buy if they don’t speak English.
- They just don’t know how to go about exporting.
February 16, 2014 – Jhung for jhobs
By its own estimates, the North Idaho Small Business Development Center in 2012 created or saved 303 local jobs. It raised $7.5 million in capital and increased revenue $11.6 million. In our estimation, the center’s impact has the potential to go from impressive to profound.
February 13, 2014 – Learn your weaknesses and get stronger, Jhung tells group
Adversity, trial, only exposes a person. It’s what one does after encountering it that defines him or her. It can strengthen, or it can obliterate. The same holds true in the world of business, Bill Jhung, director of the Idaho Small Business Development Center, told a room full of North Idaho business professionals Tuesday.
For business, he said, adversity would be the economic recession of 2008. So to say the recession caused a business to go under is the same sort of cop out. It didn’t. It only exposed the business’s weakness.
November 4, 2013 – Wells honored for helping companies
Mike Wells can’t promise companies that he’ll make them thrive, but he can coach them on the fundamentals or pitch ideas on what to tweak.
Wells, an entrepreneur coach for the Idaho Small Business Development Center, was recently honored at the American Small Business Development Center Conference in Orlando as the top consultant in the state of Idaho.
Wells helped create 190 new jobs in North Idaho last year through the 25 companies he coaches and saved another 54 jobs that were in jeopardy. He helped clients increase sales by $8.5 million.
October 29, 2013 – SHIP, SHIP, HOORAY, Here’s your export passport
• 96 percent of the world’s population lives outside the U.S.
• 67 percent of the world’s purchasing power resides outside the U.S.
• 87 percent of global growth is expected to occur outside the U.S.
Fine. But did you also know:
• Less than 1 percent of America’s 27.2 million businesses export
• The majority of those who do export, export to only one foreign market
Now, repeat after Bill Jhung, director of the Idaho Small Business Development Center in Post Falls: Wake up, you dummies! Export and flourish!
October 10, 2013 – U.S. Shale-Oil Boom May Not Last as Fracking Wells Lack Staying Power
Chesapeake Energy’s (CHK) Serenity 1-3H well near Oklahoma City came in as a gusher in 2009, pumping more than 1,200 barrels of oil a day and kicking off a rush to drill that extended into Kansas. Now the well produces less than 100 barrels a day, state records show. Serenity’s swift decline sheds light on a dirty secret of the oil boom: It may not last. Shale wells start strong and fade fast, and producers are drilling at a breakneck pace to hold output steady. In the fields, this incessant need to drill is known as the Red Queen, after the character in Through the Looking-Glass who tells Alice, “It takes all the running you can do, to keep in the same place.”
February 17, 2013 – 2030: Are We Visionary Leaders?Bill Jhung, from Idaho’s Small Business Development Center, certainly challenged us at February’s Upbeat Breakfast, both in terms of our individual engagements in our leadership roles, and as a community. Bill, thank you for a great message on Tuesday.
No doubt many of you will analyze, with deep introspection, your own personal levels of engagement, but how do we challenge the community’s engagement level? How do we begin to think, act and lead more strategically?
August 21, 2011 – Bill Jhung: Looking out for the little guy
My team and I get to leverage our business experience to assist business owners in their leadership and business development journey. The overflow of that journey is healthy businesses that create jobs. Jobs allow employees to support their families and engage in their communities. And as owners become more effective leaders in business, those skills spill over into their families and to their communities. Our reward is seeing a stronger, more diverse economy which contributes to building healthy, thriving communities in North Idaho.