Holly O'Driscoll

A Realtor's Perspective on Reno – Lifestyle, Business, Family

Smart Advice on Getting Reno Back to Work

        With 80 percent of businesses in Northern Nevada categorized as “small companies” that employ 50 or fewer people, one key to rebuilding our economy is supporting those small businesses – and starting more.

      Luckily, several non-profits in Reno offer advice, expertise and support to entrepreneurs seeking to start and/or grow a business.

      The Nevada Small Business Development Center is one such group.  This week Rod Jorgensen, director of counseling and management consulting, offered insight and tips to potential business owners – based on nearly 20 years of experience and with working with hundreds of companies that are making it.

    “The most successful companies are getting 90 percent of their volume (sales) from outside the local area,” he said.

       In other words, these companies sell over the internet, in large cities or in the wider world – much like Jimmy Beans Wool that I wrote about last week.

      “I’m a big fan of virtual businesses. There’s not a lot of start-up debt,” Jorgensen said.

        The NSBDC staff offers information, advice and other services – and the best part? It is FREE.  They offer info on finances, demographics, technology, training, and can connect business people with other useful organizations.

      “We counsel 800 to 1,000 businesses or proposed businesses each year,” he said.  Of those 20 to 25 percent actually go into business.

“The Information is free — whether a company chooses to use it, is up to them,” Jorgensen said.

Also check out: SCORE, Startup Growth Strategies, Inc., Nevada Center for Entrepreneurship and Technology

     I am a big fan of research — Avoid the known pitfalls — you will find plenty of others along the way.    Are you starting a business? Have you worked with NSBDC, SCORE or other group? Did it help? Tell me about it!

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2 comments on “Smart Advice on Getting Reno Back to Work

  1. Lorena Fee
    January 14, 2012

    What industries do the 80% of small businesses represent? Percentage of whole?
    What markets are they selling to?
    What trends are contributing to the growth of those markets and industries and will they be around in 2 years, 5 years, 10 years? Are they going after quick profits or are they going after longterm growth?

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This entry was posted on January 11, 2012 by in Growing, Making Reno Work and tagged , , , , .
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