Thursday, July 17, 2014

Hurricane sandy Can’t Keep Entrepreneurs Dow

From Changing the Game:How Business Innovations Reduce the Impact of Disasters Page 7

By Nancy Ploeger, President, Manhattan Chamber of Commerce 


Jacqueline Goewey, owner of Made Fresh Daily on Front Street in the South Street Seaport of New York City, has been in business for more than five years and has more than five full-time and part-time employees.

She opened her café just as the recession hit. She was just starting out and says the recession actually allowed her to focus on the finer points of running a business and it has gotten better and better every year—until Hurricane Sandy hit in 2012.

Goewey’s business dropped off tremendously, and not only was she faced with a disastrous business situation but—to add insult to injury—she also lives in the area and could not even get into her apartment for months after the storm. She had to sublet an apartment and eventually find a new one.

The day after the storm hit, Goewey, her manager, and staff gathered in boots and work clothes to go into the café, assess the damage, and begin clean-up efforts. There was a surge of seven feet of water at the front of her store and four feet in back. Even though the café is elevated off the sidewalk (four small steps to enter the café and about a three-foot elevation), the surge swept through the restaurant.

All of the machines were ruined. The only good thing is that the café lacks a basement, unlike many other stores and shops in the Seaport area, so Goewey had no electrical issues to contend with. Her furnace had to be repaired to the tune of $4,000 and she had to purchase new refrigerators and lost thousands of dollars in food, products, and supplies.

However, the group “worked like dogs” to clean up and get the café open as quickly as they could. They were able to reopen just before Thanksgiving—less than one month after the hurricane. For weeks, they were the only business open on their street.

Goewey trimmed her staff, hoping to hire them back as business took an upswing. As construction workers moved in and out of the area, she offered breakfast and lunch specials to attract their business. Also, the local residents came back, grateful for her café and for her dedication to reopening, as she offered not only great food but also a place where they could hang out and meet fellow Seaport business owners and residents.

One of Goewey’s neighbors, Victor Chan, owner of Suteishi Japanese restaurant a few doors down, came to her with an innovative idea. Because most of her baking was done in the early morning and most of her clients came from early morning to about 4 p.m., Chan asked Goewey if he could share her kitchen. He could prepare food for takeout during the evening, when her shop was closed, and this way he, too, could retain his customers even though he could not offer restaurant seating. Goewey agreed, and the two owners supported each other to keep their businesses open and serve their customers. Goewey says that Chan’s staff even helped her staff package and wrap cookies for a special event she was doing to help raise funds for a local nonprofit.

Their staffs worked well together during the few hours a day they overlapped and became quite close; they keep in touch even today. Suteishi was able to keep 60% to 70% of its business just through deliveries and worked out of Made Fresh Daily for 10 months.

Made Fresh Daily’s business continued to increase, and Goewey was able to rehire her staff. The café was doing just fine until fall 2013, when one of the Seaport area’s attractions,

Pier 17, shut down, resulting in fewer tourists. After the tough and long winter of 2013–2014, Goewey is looking forward to spring, when she can greet her returning customers, support her community, and serve her delicious food.

Wednesday, July 16, 2014

MCC Member Manhattan Sideways Maps Manhattan’s Small Businesses

ManhattanSideways.com, is a website dedicated to exploring the side streets of Manhattan. For almost two years, Betsy Bober Polivy, the creator of Manhattan Sideways, has been walking from the East River to the Hudson with the sole purpose of promoting the businesses on these streets.

The project began as a whimsical idea of crisscrossing the side streets of Manhattan and has quickly become a top source that celebrates small businesses and introduces viewers to all that makes up a neighborhood. Through vibrant photography and videos alongside detailed descriptions, the Manhattan Sideways team pounds the pavement every day to provide information on boutiques, bars, restaurants, hotels, galleries, gardens, historic sites and more.

In a statement, Betsy noted that the Avenues — the major north to south thoroughfares of the island — are well-covered by the media and well-traversed by shoppers and travelers. “I wanted to get off the beaten path and explore the side streets. In fact, the development of Manhattan’s iconic grid, starting at 1st Street and continuing up to 155th Street, envisioned the side streets as being of greater importance than the avenues,” she said. “I am literally walking side to side, east to west, beginning on 1st Street and wending my way north. My goal is to walk the numbered side streets and document every commercial establishment, and other places of interest, with special feature write-ups along the way." Presently, the site has 45 streets on it. There are almost 8,000 entries with a new street getting ready to go up every week to ten days.

Please take a moment to look at the site manhattansideways.com and to explore many of the hidden gems about which Betsy has written. To gain a better understanding of Manhattan Sideways, you might want to watch the recent Fox 5 News interview http://www.myfoxny.com/clip/10304485/manhattan-sideways

Tuesday, July 8, 2014

World to NYC - Smart & Sustainable Cities Global Challenge

The NYC Economic Development Corporation in partnership with New York International has opened applications for the fall 2014 World to NYC program, which has a focus on smart and sustainable cities.

Emerging companies from the US and abroad are eligible to participate in the program, which runs from September 29 to October 1, 2014. The application period is open now through August 22.

World to NYC will provide knowledge exchange and collaboration between cutting-edge companies already present in the city and those considering New York City for their US / East-coast expansion.

Over three days, participants will have the opportunity to meet leaders of large corporations, tech entrepreneurs, investors, lawyers who specialize in business incorporation and immigration issues, NYC government officials, and other expats who have expanded their businesses to NYC, among many others. Delegates will also take tours of workspaces and incubators, prominent NYC companies, and different tech neighborhoods in NYC.

Through this program, NYC is setting the stage for urban efficiency, sustainability, and innovation --inviting the most promising startup companies from around the world to present their solutions in the context of continuous urbanization and its economic opportunities for New York City’s citizens, businesses, and partners.

Who are we looking for?

We are looking for digitally-enabled technologies (including software, hardware, and connected devices) that make cities more intelligent, efficient, and resilient by optimizing use of energy, resources and the built environment. While we welcome interest from any company focusing on the application of technology to urban sustainability, the following sectors are of particular interest:
  • mobility & transportation
  • energy, including clean generation, smart grid, and efficiency
  • intelligent infrastructure

What will the program include?

The 3- day program will include:
  • networking opportunities
  • introductions to potential business partners
  • information useful to companies expanding into New York City
  • other events. 

The program runs Monday-Wednesday (September 29th – October 1st), allowing sufficient time on Thursday and Friday for participating companies to schedule their own business meetings in the city.

The program is free of charge and participants are responsible for their own airfare, hotels, etc.

You can find more information at: http://worldtonyc.com including a link to the on-line application.

Thursday, July 3, 2014

MCC Thanks June Renewing Members

Name Company Name Website
Serena Arrabito American Lung Association of the Northeast www.lungne.org
Cigdem Bostan HALACH GOLD INC www.mygoldgram.com
Seth Dinsky Active Staffing Solutions www.activestaffingsolutions.com
Anthony Ray Ray Law International, PC www.raylawinternational.com
Max Joel Solar One www.solar1.org
Thomas McMahon TLM Associates www.tlmnyc.com
Caroline van Scheltinga Blocadi Capital LLC
Augustine John JOHN, JACOB & VAYALUMKAL, LLP www.cpasquare.com
Gustavo Rangel JWU LLC www.jasonwustudio.com
Mauricio Rojas Marathon Energy Corporation
Aileen Gemma Smith Vizalytics Technology www.mindmybusinessnyc.com
Warren Davis Warren Davis - Human Resources Consulting
Chris Castillo CwCastle Associates www.cwcastle.com
Chelsea Halbach Opening Ceremony www.openingceremony.us
Rose Sager Embassy of Bahrain www.bahrainembassy.org
Colette Malouf Colette Malouf Inc. www.colettemalouf.com
Barry Korn Barrett Capital Corporation www.barrettcapital.com
R. Ashton Wall Colloquium Depot, LTD. www.colloquiumdepot.org
Hedi White Haug Realty Corp.
Peter Aubrey-Smith Stellar Re Intermediaries, Inc. www.stellar-re.com
Jeff Gorman SunEdison

Tuesday, July 1, 2014

MCC Welcomes June New Members

Name Company Name Website
Kelly M Brown Posh Baby Boutique Inc.
Jeannette Lofas Stepfamily Foundation http://www.stepfamily.org
Ben Seldon Seldon Marketing
Kristen Broggini First Data
Andrew Nemeth University of Phoenix www.phoenix.edu
Adrienne Garland WomanCon
Nisha Hayes Douglas Elliman Realestate elliman.com
Camille Baez Santander
Julia Andres FineFomeFinds
Robert Lopez Blue Water Construction & Restoration Corp.
Kaitlyn Falk Wong Brooklyn Botanic Garden www.bbg.org
Robbi G Muir Robbi Muir Design  www.muir-design.com
James Harrigan James Harrigan Life Coaching www.jamesharrigan.com
Liza Horan Media Moxie LLC http://MediaMoxie.com
John Shegerian Electronic Recyclers International, Inc. www.electronicrecyclers.com
John Shegerian Green is Good Radio www.greenisgoodradio.com
Susan R Meyer Susan R Meyer Coaching & Consulting http://www.susanrmeyer.com
David Selig Selig & Associates http://www.selignyc.com/
Shelley Lindauer Shelley Lindauer www.kwnyc.com/slindauer
alice grega alicegregabooks www.alicegrega.com
Marlo Franconeri Broadview Networks
Tony Andreoli Massey Knakal
Jalena Hay Jay Hay
Ava Seavey Avalanche Creative Services, Inc. WWW.avalanchecreative.tv
Andrea Adler Holistic PR www.HolisticPR.com
Frederick H. (Rick) Shuart, Jr. Services For the Underserved, www.SUS.org
Whitney Barrat Old Seaport New York
Rebecca Morse Healthful Enterprises LLC www.becmorse.com
Jing Tian Fashion Galaxy Alliance www.fashiongalaxyalliance.org
Paula London Port Authority New York/New Jersey http://www.panynj.gov/
Victoria Tkacheva Pergola Restaurant  http://www.pergolanewyork.com/
Robert Sirianni Jr. Brownstone Law http://www.brownstonelaw.com/appeal-lawyers/new-york-appeals/
Vitaly Kagan AAA All Voice And Data Inc www.aaa-avad.com
Deirdre King KPS Security, Training & Investigations
Oliver Roe Insperity www.insperity.com

Monday, June 30, 2014

SBA’s Deadline is July 28 for Physical Damage Disaster Loan Applications in New York

ATLANTA – The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations in Bronx, Kings, Nassau, New York, Queens and Richmond in New York of the deadline to submit disaster loan applications for damages caused by heavy rain, and flooding on April 29-30. The deadline to apply for a physical damage disaster loan is July 28, 2014.

Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property. Businesses and non-profit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

For small businesses, small agricultural cooperatives, small aquaculture businesses and most private
non-profit organizations of all sizes, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.

Interest rates are as low as 2.188 percent for homeowners and renters, 2.625 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. The SBA sets the loan amounts and terms based on each applicant’s financial condition.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is July 28, 2014. The deadline to return economic injury applications is March 2, 2015.


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For more information about the SBA’s Disaster Loan Program, visit our website at www.sba.gov/disaster.

Five Reasons 8 Out Of 10 Businesses Fail

From Forbes by:
Eric T. Wagner Contributor

Breaks my heart.

According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.

But why? What can we learn from the colossal amount of failure with small business that we can apply to our own business aspirations?

In my 30 plus years as a serial (yes – hate that word too) entrepreneur, and through my exposure to thousands of entrepreneurs via my company Mighty Wise Media, I have seen plenty.

And yes, at surface level the primary reason businesses fail is they simply run out of cash.

But trust me — the cracks in the foundation start well before the brutal day of financial collapse.