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The Zions Business Resource Center is pleased to publish this weekly e-mail
newsletter as a service to small business owners and employees. It's purpose
is to assist you in starting or expanding your small business. Links to
third-party websites provided throughout this newsletter are not owned or
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Your Weekly Source for Business Support
♦ Courtesy of the Zions Business Resource Center ♦ Jan
30, 2008 |

From the Director
Using Your Chamber of Commerce!
Hello Again,
Did you know there are more than 50 chambers of commerce in
Utah? I haven’t even started counting how many t here
are in Idaho. Chambers of commerce play key roles in planning
for economic growth, legislation to protect all sizes of
businesses, networking local businesses and bringing new
business to our communities.
Chambers can have a broad base of members or a specialized base
of members. The key for you is to find the right one or two that
best reflect your values and meet your needs. It is also
important for you to take part in meetings, not just pay your
dues and attend the social events. Never think your business is
too small or too large for a chamber of commerce. We are all
affected in some way by the changing dynamics of the economy on
both a local and national level.
Express your opinions. Join forces with other businesses to
enable your chamber of commerce to best represent you and your
peers on business legislation or planning the direction of your
community.
Read on to learn more about just a few of our local chambers of
commerce.

Zions Bank Vice President
Decoding the 'FedSpeak'
Tea Leaf Report from Economist Jeff Thredgold
The Federal Reserve has come under additional fire in recent
days for being too slow to respond to the serious economic and financial risks
faced by the American economy. The combination of 1) a U.S. housing crisis; 2)
high levels of domestic and global credit market anxiety; 3) $90+ oil prices; 4)
soft December retail sales; and 5) weak December hiring, combined with a higher
jobless rate, are a recipe for recession or miserly economic growth.
Read
more...
Speaking on Business
Fred Ball's latest business reports:
Mike's Glass Works 1/31
Western River Expeditions 1/30
Raumland Systems 1/29
Miche Bag 1/28
401K as a Retention Tool
The latest
newsletter from The
Employers Council says 401Ks can improve employee retention and
satisfaction, and save the company money.
Small Biz Partners & Resources
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SCORE -- Provides counseling to small businesses
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Ogden SCORE - E-mail
ogdenscore158@aol.com
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Salt Lake SCORE - Chapter 0049
310 South Main St., N. Mezzanine, Salt Lake City.
Phone: (801) 746-2269; Fax: (801) 746-2273;
Email:
mallen@slcscore.com
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Wayne Brown Institute -- Runs the oldest and
most successful non-profit venture accelerator
program in the country, helping technical
entrepreneurs from every social economic level
raise money for their businesses.
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Small Business Development Centers
-- Provides counseling and training to small
businesses.
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Small Business
Administration
-- Provides information about small business
(Click
here for
Utah SBA)
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Utah Micro
Enterprise Loan Fund
-- Provides counseling and funding for small
business
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The
Pete Suazo Business Center -- Provides
counseling and training for Hispanic/Latino
business
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Utah Business.gov
-- Provides online access to Utah Government
services; one stop shop business registrations
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Export.gov -- Provides information on how
to export your product.
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Feature
The Benefits of Membership
Chambers of Commerce Open Doors, Provide Exposure to
Businesses
When Sebo Marketing set out to redesign
the Provo Orem Chamber of Commerce’s Web site, company President
Bruce Rowe didn’t realize the job would also get him all of
the connections and perks a chamber membership offers local
businesses. Now a chamber member, Rowe says his affiliation
with the Provo Orem Chamber of Commerce has opened doors to
business partners and given his marketing company exposure he
could never achieve on his own.
“It adds to the credibility of our small and relatively new
company,” Rowe says. “We joined the chamber because we think
it’s the right thing for business owners to do, and if each
member felt that way, every legitimate local business would
benefit.”
Now when Rowe’s business has a need, he always turns first to
the chamber’s member directory to “see what members have to
offer.”
From multicultural chambers of commerce to those serving the
largest Utah cities, the network of chambers across the state
offers businesses a chance to stay connected, gain exposure
and continue company development.
“You’re joining an association of fellow businesses and
helping to protect business, to build the economy and to
increase the effectiveness of your own business,” says Michael
De Groote, director of communications for the Salt Lake
Chamber of Commerce.
As Utah’s largest chamber, the Salt Lake Chamber is a regional
group with more than 1,800 businesses as members, or about
one-third of Utah’s workforce. Those companies all get a
chance to network with each other at events ranging from golf
tournaments to the Business to Business Expo.
“As a new business in Utah, we have been a member of the Salt
Lake Chamber for one year and found it to be one of the most
effective ways to get plugged into the community,” Brian
Parrish of ThinkBox marketing says on the chamber’s
Website.
“The events that are provided have been invaluable to us as we
grow. As we have attended these events we have been able to
establish quality business and personal relationships and have
more than paid for my yearly membership.”
According to Anna Rose Johnson, public relations director at
the Provo Orem Chamber of Commerce, those networking
possibilities are the No. 1 benefit from joining one of the
many groups around the state. “Networking with business
leaders provides not only good business relationships, but
personal ones as well,” she says.
In addition to networking, Johnson says the exposure through
chamber publications is a top benefit for companies looking to
earn recognition. Members of most chambers, for example, are
listed in a membership business directory and on chamber Web
sites.
And while a chamber membership gets the word out about
expanding businesses, it also puts resources at employees’
fingertips to continue learning while growing. Seminars,
monthly luncheons and business resource centers all help guide
Utah’s business owners through the obstacles of running their
businesses.
At the Salt Lake Chamber, for example, the Women’s Business
Resource Center started in 1997 to help women enter the
mainstream business market via counseling, training and
mentoring.
“Besides being a morale booster for a small,
‘just-getting-started’ business, we were amazed at what we
were able to accomplish in such a short amount of time,”
Barbara Vineyard of Wasatch Woman Magazine writes of a Women
in Business Conference. “We were able to finally touch base
with many people that we’ve been struggling to get in contact
with during normal business hours.”
With a mission to “stand as the voice of business,” the Salt
Lake Chamber also serves as an advocate. Like other chambers,
the Salt Lake group works to lobby for business-friendly laws
and “free up the wheels of free enterprise,” De Groote says.
During the current legislative session, for example, chamber
leaders will push for healthcare reform to benefit business
owners and for programs such as the Utah Science, Technology
and Research Initiative (USTAR) to create high paying jobs.
“We champion community prosperity, meaning the community is
something we focus on building up,” he says.
Global Utah Newsletter
The latest issue of World Trade Center Utah's sleek, new
Global Utah newsletter features a story about the Utah visit of John
Bruton, European Union Ambassador to the United States and former prime minister
of Ireland, who was in Utah last week to further strengthen the strong business
relationship between the EU and Utah.
Annual Economic Report
Utah’s economy remains one of the strongest in the nation
and its prospects for 2008 continue to be optimistic, despite a slowdown
nationally. That’s the word Utah Gov. Jon Huntsman received last week from his
Council of Economic Advisors in its 22nd Annual Economic Report. You can read
the highlights of the report in the latest edition of the
Economic Review, from EDCUtah.
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SBA Live Web Chat Series Will Highlight 'Managing Business
Credit'
Ellen Thrasher, SBA’s director of Business and Community
Initiatives, and Michael McGeehan, government customer manager at Dun &
Bradstreet, will be available online Thursday, January 31 from 1:00 p.m. to 2:00
p.m., (Eastern time zone) to answer questions regarding “managing business
credit.”
Thrasher and McGeehan will share their expertise in business development and the
value of managing business credit, to help chat participants learn the
importance and use of business credit to improve business profitability.
Participants will have direct, real-time access to the Web chat via questions
they submit online, in advance and during the session, with instant online
answers.
You may join the live Web chat by visiting the SBA's
Website and clicking on “Online
Business Chat.” You may also post questions in advance of the chat sesion online
here. To
review archives of past Web chats, visit the SBA
online.
Tip of the Week
SCORE's 60-Second Guide: Establishing a Revolving Line of Credit
For financing flexibility, nothing beats a revolving credit
line (RCL). Structured much like your personal credit card, RCLs allow approved
borrows to tap only as much as money as needed to stay atop seasonal and
business cycle fluctuations. Application and repayment requirements are
generally far simpler than loans and other common financing options.
Read
more here...
Business Headlines
Morning News
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Firms custom-fitting college courses
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EU ambassador visits Utah to promote trade relations
with Europe
-
Utah banker doubts recession in '08
-
Outdoor Retailer trade show begins at Snowbasin
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Black business still has eye on dream
SL Tribune
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Fargo
report: Utah's economy faces challenges, but don't panic
- Outdoor
Industry Association, Outdoor Retailer parent to tighten marketing pact
- Outdoor
retailers kick off winter trade show
- WVC creates
zone to spur job growth
- Ogden may get
hotel-condo tower, water park
- City's
historic center is target of zoning change
Standard Examiner
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South
Weber Looks to Fill the Gap
- Inland
Sports Heads to Ogden
- Water Park
Plan Presented
Clipper Today
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Tourism, hotels, restaurants up in 2007
KCPW
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Outdoor Retailers
Back Revitalization of National Parks
Daily Herald
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No
recession for Utah
SL Enterprise
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Commercial credit crunch in Utah? Most local bankers say 'no'
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California fast-food chain to open first of 15 Utah stores in Lehi
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Menlove to invest millions in new Bountiful dealership
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Cold-weather clothing manufacturer plans to employ up to 400
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California restauranteur eyes Salt Lake City market
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AdvancedMD Software sold to California private equity firm
- New
firm to sell electric-powered ATVs and commuter scooters
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Calendar of Events
- Jan. 30 - The 2008 Stoel Rives Small Business Law Series,
"Protecting Your Bright Idea: Intellectual Property Protection", 7:30 -
9:30 a.m. at Salt Lake Community College Miller Campus, Karen Gail
Miller Conference Center - Room 150 G, 9750 South 300 West, Sandy. Cost:
$20.00 if registered prior to Jan. 29, 2008, $25 day of event -
Continental breakfast served. To register call (801) 957-4654 or email
businesslaw@slcc.edu. Visit
www.slcc.edu/slsbdc to learn
more.
- Jan. 30 - Ribbon Cutting - Migun of Salt Lake (Cottonwood
Heights - Midvale Area), 3:30 - 4:30 p.m. Location: Migun Thermal
Massage Beds, 6909 South 1300 East Cottonwood Heights. (801) 304-0990 -
www.MigunofSaltLake.com
- Jan. 31 - Dian Thomas seminar: "How to Get a Million Dollars’
Worth of Free Publicity."
Click here for more information. Register Online or by calling
Marian Hein, Salt Lake County Economic Development at 468-2502.
- Feb. 1 -
Utah First
Fridays, 8 a.m. to 10 a.m. Presentation: "5 HOT Tips for Successful
Email Marketing," by John Arnold, author of "Email Marketing for
Dummies". Location: Miller Business Resource Center, SLCC, Miller
Campus, 9750 S 300 W, Sandy. Cost: $5 cash at the door.
- Feb. 2 -
Networking Without Limits: "Building Better Business
Relationships", 8:45 A.M. TO 11:00 A.M. Salt Lake Chamber. Presented by
Jim Woodard, CCI Mechanical Services.
- Feb. 2 - Business Start-up Seminar, 10:00am – 12:00pm, WSU
Davis Campus, Room 117, 2750 North University Park Blvd, Layton. Free.
Please pre-register at (801) 626-7232 or to
bking1@weber.edu
- Feb. 5, 19 & Mar 5 - Plan Smart, Business Planning Course,
6:00pm – 9:00pm, Attend all three. Location: Ogden Business Information
Center (BIC), 2444 Washington Blvd, Ogden. Cost: $65. Please
pre-register at (801) 626-7232 or to
bking1@weber.edu
- Feb. 5 - TECH Tuesday, 4 p.m. to 6 pm at the Officer's Club.
- Feb. 7 - How to Raise Money in Utah! sponsored by Zions Bank
in conjunction with the Wayne Brown Institute's (WBI) 24th Annual
Investors Choice® Venture Capital Conference at the Zermatt Resort & Spa
in Midway, Utah. This event provides opportunities for high-growth
companies to participate in the angel/venture capital process as
investors meet with companies seeking capital.
- Feb. 9 - Market Smart Introduction to Marketing, 10:00am –
12:00pm, Ogden Business Information Center (BIC), 2444 Washington Blvd.
Attend all three. Cost: Free. Please pre-register at (801) 626-7232 or
to bking1@weber.edu.
www.weber.edu/sbdc
- Feb. 12 - Hispanic Start Smart Business Start-up Seminar,
6:00pm – 8:00pm, Ogden Business Information Center (BIC), 2444
Washington Blvd. Cost: Free. Please pre-register at (801) 626-7232 or to
bking1@weber.edu.
www.weber.edu/sbdc
- Feb. 16 - Start Smart Business Start-up Seminar, 10:00am –
12:00pm, Ogden Business Information Center (BIC), 2444 Washington Blvd.
Cost: Free. Please pre-register at (801) 626-7232 or to
bking1@weber.edu.
www.weber.edu/sbdc
- FEB. 20 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801)746-2269
- Feb. 21 - International Trade Finance Seminar, 8:30-11:30 am,
Salt Lake Chamber of Commerce. Expand your exporting savvy and
competitiveness by learning about the various means of financing your
export transactions available to you as an U.S. exporter! Come attend
this seminar to learn all you need to know about the various public
sector organizations that can help Utah companies with their export
financing needs (e.g. working capital, credit insurance on open account
sales, political risk insurance, special loans for exporting companies,
etc.). Speakers include international trade finance experts from the
Small Business Administration and the Export-Import Bank and also a
representative from a company that has had great success utilizing
export finance resources.
Click here register and for more information.
- Feb. 21 through May 1 -
FastTrac TechVenture, an eleven week program designed for
entrepreneurs in the fields of technology or life sciences. Location:
Salt Lake Community College, Larry H. Miller Campus, Thursdays from 6:00
PM to 9:00 PM. To Register: call (801) 957-4654 or email
slsbdc@slcc.edu.
- Mar. 19 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- April 7-8 -
Asia Pacific Business Outlook (APBO) Conference, University of
Southern California. Early Registration: $775 (until March 10). Regular
Registration: $925 (after March 10). USDOC Registration Code: DOC2008.
Please be sure to include this code when registering.
- Apr. 16 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Apr. 16 - SCORE “How To Form A LLC” Workshop, 5:30 P.M. to
8:00 P.M., Offices of Parsons Kinghorn Harris, 111 East Broadway, SLC.
For more information call (801)746-2269.
- May 21 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Jun. 18 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Jul. 16 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Jul. 16 - SCORE “How To Form A LLC” Workshop, 5:30 P.M. to
8:00 P.M., Offices of Parsons Kinghorn Harris, 111 East Broadway, SLC.
For more information call (801) 746-2269.
- Aug. 20 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Sep. 17 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Oct. 15 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Oct. 15 - SCORE “How To Form A LLC” Workshop, 5:30 P.M. to
8:00 P.M., Offices of Parsons Kinghorn Harris, 111 East Broadway, SLC.
For more information call (801) 746-2269.
- Nov. 19 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
- Dec. 17 - SCORE “How to Start and Operate A New Business"
Workshop, 8:30 A.M. - 4:30 P.M., Salt Lake County Building Complex, 2001
South State Street, SLC, North Building Room 4010. For more information
call (801) 746-2269.
Salt
Lake Chamber Events
♦
Ogden
Weber Chamber Events ♦
SL County Upgrade.org Calendar |
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Privacy Policy for details. Questions or comments? Email
resources@zionsbank.com or contact the Zions Business Resource
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For general customer service inquires about bank products, please
call 1-800-789-8800. Member FDIC. |
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