Halcyon Yarn, a yarn and fiber art retail and catalogue store located in Bath, has been in business for over 45 years, serving the needs of weavers, knitters, spinners and other fiber artists. When the founder Halcyon Blake decided it was time to retire, her daughter Gretchen Jaeger sought to buy the business and keep it in the family.
PORTAGE LAKE — An Aroostook County native and former marine said her purchase of Portage Lakeside Cabins, not far from her childhood stomping grounds, fulfills her longtime dream for a business while allowing her to raise her children in a region she loves.
In a transaction finalized Sept. 13, Shannon Currier purchased the business for $250,000. It’s located at 4 Almond Drive with easy access from Route 11 and includes a single-family cottage, four small cabins, bathhouse and garage sitting on 2.7 acres with 420 feet of lake frontage. The seller was Laura Bouchard, according to the Caribou-based Northern Maine Development Commission’s business finance division, which helped Currier finance the purchase.
Currier credited Joshua Nadeau, director of NMDC’s small business development center, and the center’s loan officer David Spooner with providing helpful business counseling as she considered the acquisition.
Read the full story here.
Exhibiting at a trade show is an investment. Learn how to make the most of your next wholesale trade show at one (or all three) of our Trade Show Success seminars!
These seminars are especially helpful for those exhibiting at the New England Made Giftware & Specialty Food Show, but are open to anyone interested in learning more about wholesale trade shows.
ATTEND ONE OR ATTEND ALL THREE.
A marketing plan is a document that outlines the situation or business environment that the business is currently operating within and then lays out the objectives, strategy and programs to accomplish the objectives going forward.
View our full December 2016 Newsletter (PDF download)
In this update: Changing the funeral industry * LLC or S-Corp – Why not both? * Meet an Advisor * Meet a Partner
Written by: Business Advisor Peter Harriman
Congrats! You are thinking of getting into business! Or you are in business already but wondering if your business is operating under the right type of business! You are looking online to try to figure out the ins– and outs of which business entity formation is best for you, and you are coming to a road block. There are a lot of choices; sole proprietor, partnership, limited liability company (LLC), c- corp, etc. The complexity of the topic should prompt a call to some kind of legal professional to ensure you understand the decision and how it will affect you and your business.
One business entity you might want to discuss during this conversation is the LLC that is taxed like an S-Corp. This article will discuss some general pros and cons of this election, but (again) it is meant as a discussion point with a legal professional. Your accountant will also want to weigh in on the topic too, more on that later.
Working with clients over the years has made me appreciate marketing as a key to success. The ability to create a great product isn’t going to assure success. There are many great products and services that fail. You can’t take the “build it and they will come” approach. With a well thought out marketing plan, a good product can exceed the sales of an equal or even better product.
Part of any successful business is identifying their target market and developing plans on how they can reach the customers and demonstrate value. Have you ever tried to identify your customers?
From Letter to the Editor in The Sanford News (11/9/16)
Small Business Development Center helped her succeed
Below are three things to consider that will help make your next wholesale trade show a success!
Kasey Smith, founder of EterNav, wants to change the funeral and death care industry.
With a background in technology startups and personal experience dealing with loss, she saw an opportunity to help those experiencing one of life’s toughest challenges, navigating the unexpected loss of a loved one.
She has created 21st century technical tools and a step by step process that helps guide families through the practical tasks and action steps that follow the loss of a loved one. Her solution, called EterNav (short for eternal navigation), offers affordable, personalized and convenient bereavement solutions — working either with and without a funeral home.Read More