Business News for August 28, 2020
Today's message includes the following news and online courses:

  • News and Updates
  • SBDC Staff on WPR
  • Applications now open for gBeta Accelerator
  • Start In Wisconsin Hub Brings Together Statewide Entrepreneurial Resources
  • Organizational Tools for Entrepreneurs
  • Nominations Open for Coolest Thing Made in Wisconsin Contest
  • Upcoming Learning Opportunities:
  • HR for Small Business Owners and Non-HR Professionals
  • What is your business worth?
  • Leadership in the Time of COVID
  • Fall SBDC class schedule

Also note that the SBA is still accepting Economic Injury Disaster Loan applications, and paying 6 months of principal, interest and any associated fees that borrowers owe on new 7(a), 504, and Microloan loans disbursed before Sept. 27.
SBDC Staff on WPR
Wisconsin Public Radio recently hosted Michelle Somes-Booher, Director of the UW-Madison SBDC, and Colleen Merrill, Associate State Director of the Wisconsin SBDC for a segment on the impact of COVID on small businesses in Wisconsin.

Applications Now Open for gBeta Accelerator
Applications due September 11th
Startups in the Madison Area are invited to apply for the gBETA Fall 2020 program. gBETA is a free accelerator for high-growth startups. Twice per year, gBETA selects 5 local startups and provides:
  • Individualized coaching
  • One-on-One meetings with mentors
  • Opportunity to pitch to 25+ investors
  • $1 Million+ in deals and perks from vendors like IBM Cloud, Rackspace, Amazon, PayPal, Zendesk and Microsoft

Start In Wisconsin Hub Brings Together Statewide Entrepreneurial Resources
The Madison-area region has many resources available to entrepreneurs - though it can be hard with so many resources to be able to find what you need quickly.

Start In Wisconsin brings together an online directory of resources and a calendar of entrepreneur-focused events. The directory helps entrepreneurs find the vetted local, regional and state resources that best suit their needs. Resources are searchable by ZIP code, type of business assistance and many other categories. Find local resources by choosing the Madison Region at StartInWI.com.
Organizational Tools for Entrepreneurs
In times that so often feel chaotic, organization is one tool we have to make plans and stick with them. In this blog post written by our national ASBDC, entrepreneurs share 10 tools that help them keep organized.

Nominations Open for Coolest Thing Made in Wisconsin Contest
Nominations Accepted Through September 4
Wisconsin Manufacturers & Commerce and Johnson Financial Group have opened applications for the fifth-annual Coolest Thing Made in Wisconsin competition.

The contest seeks to highlight Wisconsin’s manufacturing industry, which employs one in six state residents. Online voters help determine the Coolest Thing Made in Wisconsin.

Upcoming Learning Opportunities
HR for Small Business Owners and Non-HR Professionals
If you have (or are considering hiring) employees, you likely also have questions!

  • What employment laws should I be aware of?
  • Should I hire employees or independent contractors? What are the differences?
  • When does overtime pay apply?
  • What should I know about FMLA, OSHA, and other laws?
  • What is the appropriate way to handle employee discipline?

Learn more about these topics and more to help keep your employment considerations on track.

Have You Ever Thought about What Your Business is Worth?
Or are you looking to grow through acquisition? How do you know what to look for in the purchase of another business?
Beyond the Numbers: Understanding and Increasing Your Business’ Value - 10/1

With all of the disruptions to business processes during COVID, many owners have been left thinking about what is next. If your business has slowed down, now is an ideal time to learn more about what qualitative factors you can work on now to improve future value and to understand what factors go into the valuation process.


Small Business Exit Strategies: Fundamentals of Buy-Sell Agreements - 10/8
If you started a business with someone (or brought on a partner later on), you have already had practice making a variety of decisions together. Yet one decision you do not want to make in real time is how your business' value should be split when - not if! - one of you leaves the company.
Leadership in the Time of COVID
Essential Workers
What are the qualities of effective leadership in this time of great uncertainty? What enables someone to become an adaptive and resonant leader when the coronavirus is profoundly altering our workplaces, our expectations, and our daily lives? This online session explores the core foundations of leadership and examines the unique challenges facing our organizations and their leaders during these uncertain times.

Register here at no cost, thanks to funding from the CARES Act (class September 10 & 11)
SBDC Fall Class Schedule is Now Available!
Our fall class schedule is now available! In it, we are proud to feature a range of classes to support your goals - whether that is starting a new venture, shoring up your business operations, or growing your own leadership skills or those of your team.

Additionally, we're proud to feature several SBDC clients, including:
  • Mariposa Learning Center
  • Traditions Specialty Lighting Professionals
  • Nineteen 09
  • Chefs for Seniors

Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the UW-Madison SBDC office at sbdc@bus.wisc.edu or 608-263-2221 to request accommodations.

The Wisconsin SBDC Network is a proud part of the Institute for Business & Entrepreneurship in the University of Wisconsin System. It is funded in part through a Cooperative Agreement with the U.S. Small Business Administration.