Nicole Stanford is the owner of Freckle Salvage Company, a business located in the Western Maine foothills that features unique vintage mixed with new home goods. Alongside her husband and son, she had been selling her products successfully online and at markets and decided it was time to expand her business. Her goal was to leave her full-time job and open a retail location in Winthrop, Maine.
To understand her next steps, Nicole reached out to Raynor Large, business advisor at the Maine SBDC at AVCOG. Raynor helped Nicole understand the steps to starting this new venture. He provided information on the different business entities and insurance options. The pair also worked to get a better understanding of the business’ finances. They were able to build out a set of financial projections that helped her understand how much she would need to sell in order to stay profitable and continue moving forward.
Freckle Salvage Company opened its doors in August 2019. Located at 129 Main Street in Winthrop, the business has received rave reviews. Reviewers comment on the amazing products (“treasures”), the affordable pricing and the friendliness of Nicole and her family with phrases like “Incredible shop & lovely owner”, “This is what the downtown needs!”, and “Awesome store with awesome finds!”
Nicole continues to work with Raynor to control costs, discuss new opportunities for growth and work on marketing strategy.
Business Advisor: Raynor Large
For more information about this new Maine business, follow them on Instagram or Facebook.
Erin Sheehan and her husband Carson James first approached the Maine Small Business Development Centers (Maine SBDC) with an idea and a draft business plan. They needed help refining their plan and creating financial projections in order to secure financing.
Erin and Carson started working with Business Advisor Susan Desgrosseilliers. Susan helped the pair to understand and create helpful and realistic financial projections. They also worked together to fine-tune their business plan and understand the lenders that could meet their needs. Susan introduced Erin and Carson to Chris O’Brien from Southern Maine Finance Authority (SMFA). They submitted their application and received the funding they needed to start their business.Read More
Rachel Sagiroglu is passionate about all that Maine has to offer. That is why she decided to start Experience Maine, a new full-service travel concierge and event planning company. Rachel knew that tourism is Maine’s largest industry, but noticed that the corporate meetings and events segment of the industry has only grown by 50,000 business-related travelers in the last three years. With over 20 years of experience in event planning, she wanted to help expand Maine’s corporate meeting and events market.
For guidance on the steps to starting this exciting new business, Rachel contacted Business Advisor Susan Desgrosseilliers from the Maine Small Business Development Centers. Together they worked to price Rachel’s services, create financial projections and develop a business plan that would help understand her business and obtain a loan from Coastal Enterprises.Read More
After losing their father to cancer in 2016, Renée Ledoux began to question her career choice as an emergency room nurse. Jason Ledoux began to question his career path after spending time working a desk job, quickly realizing pushing papers was not for him. Neither felt passionate about their career paths and wanted more. One night over dinner with their mother, they were discussing how their father had worked for himself for many years and they got an idea. Why couldn’t they start their own business? The business could combine Jason’s talent and knowledge of woodworking with Renée’s outgoing personality and attention to detail, it would be the perfect partnership. They decided to give it a shot!Read More
Terri Swanson has successfully held several professional roles over her career. In March 2018, she decided it was time to fulfill her dream and utilize her experience in a new way. With a passion for helping people, she started her own Human Resources consulting business, Swanson Consulting & Associates.
Terri was in the beginning stages when she met Certified Business Advisor Shannon Byers. In Shannon, Terri found someone who could give feedback, ask questions that would generate ideas, and be supportive of her new business. Together, the pair worked through the Business Model Canvas and Value Proposition. This work together provided a visual guide to better understand the business and helped identify critical areas of focus in order to be successful.Read More
After one successful business venture, Lauren Allen approached Center Director & Business Advisor Josh Nadeau for a second time with a larger business idea that was close to her heart. Lauren had always dreamed of owning her own horse stable. She had found an existing stable that was not being utilized to its potential and she wanted to buy it. She turned to the Maine SBDC to walk her through the process.Read More
Tobey Tozier recognized a need in the transgender community. Through personal experience, he has found that this market of 1.4 million transgender adults in the U.S. lacks easy ways to document their transitions and track the effects of Hormone Replace Therapy (HRT) over time. Changes are usually tracked through photos, video, audio clips, body measurements and journaling on various apps and devices.
As a graphic designer and social entrepreneur, he wanted to create an all-in-one app that allowed users to easily document transitions in a single place. Once the app is launched, users will be able to upload photos and videos, record audio and record body measurements, track mood changes and write journal entries. Transcapsule provides a private and secure platform to document all aspects of the transition. Tobey sees Transcapsule as a way to help people in the trans community find peace and happiness in who they are, and a way to collect anonymous data that can be shared with medical providers to further research on trans health.Read More
Eddie and Susan Rideout are experienced business owners. They own Hampden Redemption Center as well as a Rideout Enterprises, a commercial cleaning service in the Hampden area. They had the opportunity to purchase another business – a storage unit business in Ammo Industrial Park, a former military location in Hampden from the 1960’s. They already rented several spaces at this location for their current enterprises, and did some maintenance and snow plowing for the owners. They were present on the property and had skill-sets to make ideal owners.Read More
When Paige Wilcox and her husband Mike first opened Wilcox Wellness & Fitness six years ago, they worked extensively with Maine SBDC business advisor Tom Gallant. Tom helped the Wilcox’s to create a business plan in order to obtain the necessary financing which allowed them to open the doors of their 4,000 square foot facility in Bangor. Tom challenged them to think through the value proposition and the transition process. With that, they were set up for success from the beginning. Paige remembers, “Tom was amazing for us – 1 part business advisor, 2 parts marriage counselor, and 100% amazing.”Read More
Have you ever gotten your vehicle detailed and felt the stress of dropping your vehicle off for service and not having access to your vehicle for a full day? Anyone who has gotten their vehicle detailed will tell you this is the biggest downside to the service. Although many people take pride in their vehicles and want clean rides, sometimes the hassle of not having a vehicle to use during the day stops people dead in their tracks. This inconvenience is what sparked Taylor Nadeau’s creative juices to open a mobile detailing business. Nadeau has been detailing vehicles on the side for years and has worked for local dealerships in the past, and in his experience, it was always a challenge getting clients to drop off and leave their vehicle for any extended amount of time. Nadeau saw the inconvenience this caused clients as an opportunity for himself.Read More