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The Bristol Herald Courier

http://www.tricities.com/tristate/tri/news.apx.-content-articles-TRI-2007-11-24-0008.html

Workshops encourage Southwest Virginia residents to start their own business

Saturday, November 24, 2007

By Kathy Still

NORTON, Va. – More than 75 percent of all new jobs in Virginia are created by start-up companies and small businesses, but Southwest Virginia residents are more likely to work for those new businesses than to start their own companies.

"In Southwest Virginia, we’re taught to go to work for somebody else, not to go into business for ourselves," said Sandy Ratliff, business services manager with the region’s Virginia Department of Business Assistance.

Ratliff and her organization want to change the region’s thinking by encouraging residents to consider starting their own businesses.

"We want to give them the tools to take the next step," she said.

Ratliff said the VDBA decided to take its message to Southwest Virginia by holding free seminars in the region designed to highlight the many resources available to help entrepreneurs create successful companies.

A workshop scheduled for 9 a.m. Dec. 6 at the Clintwood Community Center will provide information on how to start a business, expand an existing company, make smart marketing moves, as well as provide information on financing and various resources, Ratliff said.

"This is an excellent opportunity for those who have wanted to turn the dream of being their own boss into a reality," Ratliff said. "There are a lot of resources out there at the local, state and federal level to help people."

The seminar "Entrepreneur Express: Moving Your Business Forward" gives would-be business owners the information they need to prepare for obtaining financing as well.

"There are more financing out there besides banks," Ratliff said.

Most people are unaware that Virginia’s government wants 40 percent of its purchases to be made at small businesses or from minority-owned companies, Ratliff said. The 40 percent can be lucrative for small businesses because Virginia buys about $5 billion annually, and local governments also purchase $5 billion in goods each year, she said.

"There is a lot of opportunity out there," she said.

Small business development also helps Southwest Virginia’s economy, Ratliff said. The region has had success lately luring high-tech companies to Lebanon and other areas. Far Southwest Virginia is also seeing an increase in tourism as well, she said.

Small businesses can capitalize on the tourism industry growth and also help the region in its efforts to bring high-tech business to the area, she said, noting that economic development needs industrial growth, community development and entrepreneurs.

"They have to work in tandem because we can’t have one without the others," Ratliff said.

Communities need amenities to keep its new high-tech workers content, she said. A coffee shop, recreational opportunities and nice places to shop make the difference, she said.

Local economic development directors are seeing the potential small businesses can offer, Ratliff said.

"Dickenson County is committed to supporting our existing business community, to bringing new businesses to the area and to cultivating an entrepreneurial spirit in the county," Charlotte Mullins, director of the county’s Industrial Development Authority, said in a written statement.

The Dickenson County Chamber of Commerce is also working with Ratliff to bring the seminar to Clintwood.

"We have implemented programs at the Dickenson County career center to nurture the development of our next generation of entrepreneurs with the community," said Rita Surratt, chamber director.

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