West Virginia Department of Commerce Three Steps Lead to SBDC Right Resources

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Three Steps Lead to SBDC Right Resources

Three Steps Lead to SBDC Right Resources
The new SBDC Three-Step Jump Start program helps West Virginia entrepreneurs get a fast start on a winning performance. Step 1 is to watch a video posted on the WVSBDC website www.wvsbdc.org that explains what SBDC does and what services it offers.

Jay Petre, Renick Millworks
SBDC has been here multiple times to prepare our books to go to a financial institution with funding proposals.”

- Owner Jay Petre
Renick Millworks

Step 2 is to attend the SBDC workshop that matches your business’s stage of development. The Fundamentals workshop is for entrepreneurs in business for one year or less. It provides basic tools and explains what the new entrepreneur needs to bring to the first meeting with a SBDC coach.

The Sustainable Growth workshop is for entrepreneurs with businesses established for more than a year. It focuses on how to grow, expand or refresh a business.

Step 3 is meeting with the SBDC business coach. “SBDC coaches can’t play the game for them, but we can help business owners sharpen their game plan and increase their chances for success,” Oliver said. “Depending on their needs, we can help them create a strategy to start a new business, expand an existing one and understand finances.”

Jay Petre had already laid the foundations of his business, Renick Millworks, before contacting the SBDC. After graduating high school, Petre and his brother demolished old buildings and sold the raw wood, mostly to flooring companies. In 2005, Petre borrowed money from his father to build a wood processing mill, opening Renick Millworks in Greenbrier County. The business transitioned out of demolition and into producing highquality reclaimed wood flooring, beams and millwork and other antique building materials.

Petre worked with business coach Jim Epling from the SBDC office in Summersville.

“Jim helped us access an Appalachian Regional Commission interest-free loan to pay down debt,” said Petre. “He has been here multiple times to prepare our books to go to a financial institution with funding proposals. The SBDC has helped us with QuickBooks training, too.”

Renick Millworks used its demolition roots and a basic website to grow the company. Sales increased from $180,000 the first year to approximately $1.2 million by 2008.

The SBA recognized Petre’s success by naming him West Virginia’s “Young Entrepreneur of 2010.”

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