Tips today for launching a small firm successfully
DURHAM - New Hampshire has 133,052 small businesses according to the latest numbers from the Small Business Administration, and the University of New Hampshire would like to help launch a few more.
Start-Up 101, a workshop on the legal process of starting a new company, will be today from 4 to 5 p.m. at the UNH Memorial Union Building, 83 Main St., Durham.
Sponsored by the Office for Research Partnerships and Commercialization, the workshop is free and open to the public.
'We can provide the tools, but the brilliance of the ideas is with the individuals,' said Marc Sedam, executive director of the ORPC, which seeks out opportunities for collaboration between university researchers and local business.
Attorney Paul Remus is the featured speaker for the workshop, which is part of the Innovation Catalyst Seminar Series. Remus specializes in financial institutions and intellectual property.
He will discuss the options for forming a company and various types of equity structures. He will also present tips and tactics to help get off on the right legal foot.
Although an uncertain economy may not seem like the best atmosphere for a start-up business, Sedam said challenging times tend to bring out the entrepreneurs.
'People get fired, or they realize they might get fired, or they are offered packages to leave their jobs, and that gets them thinking about start-ups,' said Sedam. And while a new venture can be a gamble, Sedam said the current financial climate inspires risk takers.
'When people's lives are risky, they tend to take a little more risk and go for it,' he said.
Although people of all ages and all walks of life start businesses, Sedam says he most frequently sees two groups of entrepreneurs: 'There are younger folks who are willing to take the risk because they have less to lose,' he said. And then there is an older crowd of entrepreneurs, who have already put their kids through college or paid their mortgages and feel this is their time to take a shot.
After the workshop, there will be networking from 5 to 7 p.m. at the Ideas Greenhouse in downtown Durham.