September 2016 Newsletter – Lost Valley’s success, creating a working business plan and more

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View our September 2016 Newsletter (PDF download)

In this update: Lost Valley’s New Future * How to: Create a working business plan * Meet an Advisor * Meet a Partner 

Maine SBDC helps create new future for Lost Valley 
New owners make ski business into a four-season destinationNews

Lost Valley, a small ski area located in Auburn, has been a staple of the area since 1961. The first ski area in Maine to make artificial snow, the business features 15 trails and a terrain park, offering something for skiers of all abilities. It also boasts one of the largest ski schools in Maine.

When the potential for purchasing the business arose, Scott Shanaman and his wife April jumped at the opportunity.  Familiar with the ski industry (they also own and run a ski lift maintenance business) but seeking guidance on obtaining financing and executing the purchase, they reached out to Jane Mickeriz, Maine SBDC business advisor at the Androscoggin Valley Council of Governments (AVCOG). 

Read more…

How To: Create a Working Business PlanInfo
From Business Advisor Steve Lovejoy
Many small business people think of the business plan as that thing they had to do to obtain financing for their business. While that is one way to describe a business plan, it isn’t the right one.

Business plans are not something that should be seen as a hurdle. Think of it as a ladder. The business plan is part of a process that helps you achieve your goals. It leads you onward and upward. Sometimes the steps go quickly and sometimes they don’t. If you have done your research you should be well prepared and have a sound basis for your business decisions. You don’t need a business plan that is from a 30-page template you found on line. You need a working business plan. 

Meet a Business Advisor: Jane Mickeriz Advisor
Jane MickerizMaine SBDC Business Advisor/Center Director since 2013
 
Territory: Androscoggin, Oxford & Franklin Counties
 
Offices in: Auburn, Rumford, South Paris
 
Jane works directly with small business owners and managers on matters relating to business startup, expansion and survival. She specializes in commercial lending, accounting, financial management, loan package preparation, financing and Quickbooks. 
 
Some of her past clients include Essential Learning SolutionsSki Depot and most recently Lost Valley. For more information on Jane including her bio, click here.
MEET OUR PARTNER: Maine Technology Institute Partner

At the Maine SBDC, we consider ourselves the hub of an entrepreneur or small business’ journey through self-employment. Part of our success is knowing the many resources available to you — to connect you to the resources that can help your business succeed. 
This month we introduce you to Maine Technology Institute (MTI).

MTI logo

What does MTI do? MTI can help turn your big idea for a product, process or service into a great innovation and bring it to market. They work with entrepreneurs, companies, and scientists to research, develop, and launch new products and processes into the commercial marketplace. They are dedicated to h to start-up and expansion of technology-based, high-growth enterprises. 

How can they help you/your business?  They work with Maine inventors in garages all the way up to publicly traded companies who are conducting research and development

They provide funding in the form of competitive grants, loans and equity investment. To learn more about their funding opportunities including qualifications, application process, deadlines and more, click here. For more information, visit their site or give them a call at 207-582-4790. 
 
Looking for assistance with your MTI grant or loan application? A Maine SBDC business advisor can help! Contact us at 800-679-7232 or visit our site to find an advisor near you!
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