OEN Blog : June 2007

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The finalists for the OEN Tom Holce Awards Dinner (Presented by OEN) have been selected! You might see a few familiar companies and/or people on this list. Here they are: Development Category Efficere Technologies Innovation Asset Group Remote Technologies Growth Category http://www.jivesoftware.com http://www.jivesoftware.com Jive Software Saber Corporation Snapnames Working Capital Category http://www.auctionpay.com http://www.auctionpay.com Auctionpay, Inc. Cayuse, Inc. eROI Individual Category Jim Johnson - Tripwire John Morgan - Hemcon Judy Johnston - Blue Lake Children's Publishing Nicole Vogel - Portland Monthly

 

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Then sign up for tomorrow's webinar at: https://www.gotomeeting.com/register/716540032. We'll go over how Angels and entrepreneurs can connect via this tool.

The webinar is being hosted by the groovy staff at eROI. (A side note about eROI - they made the #15 spot on the 100 Fastest Growing Private Growing Companies list (from the Portland Business Journal). Congratulations eROI!)

The webinar will take place at 11 AM, tomorrow (Tuesday the 26th). Hope to see you there!

 

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I attended the 3 rd part of “Your Go-To-Market Strategy”, one of OEN’s Executive Series; it was informative, and helpful. We had the great pleasure of listening to Alex Williams of eROI speak to us about how to incorporate cost effective Guerrilla Marketing into your strategy. He specifically focused on internet marketing. The overview was very helpful and reinforced the methodology for creating a successful strategy. Many times it is hard to stay up on all of the angles of your business. An Internet marketing strategy is one of the best tools to use to stay in touch with your customers. It was good to hear from service providers that really knew their stuff and eROI was not the only quality speaker there. The last three sessions we have been fortunate to have James Latham as the lead instructor in the course. As a precursor to talking about “The Brand Gap” he mentioned that he had a lot to say about branding (which was an understatement, to say the least). One valuable thing I brought away from the presentation was the importance of focusing on who you are as a company; not who you think you are, but who your customer thinks you are. If I could critique any facet of the presentation I would have to say that the topic was too large to cover in such a short period of time. The PowerPoint was great and the insights were invaluable. It would have been possible to have an entire evening on branding alone.

 

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Among the many reasons to be grateful for my internship with OEN is access to OEN's Executive series. Last night was part two of the four part series called "Create Your Go-To-Market Strategy". My previous exposure to marketing has been limited to several classes that include practical application through various projects. Through those experiences I have been able to glean a basic understanding of terminology and some application. Having no professional experience with marketing outside of class I enter the series lacking "real world" application.

The market strategy executive series is a great opportunity to continue learning about marketing. I am being exposed to everything from the benefits of creating partnerships to detailed marketing techniques. If you are able to identify your company’s weakness you can partner with an appropriate organization to be mutually beneficial to each other. Each person in attendance was given a practical framework for analyzing a prospective partner. Indeed you must be selective with partnering; forming alliances with the wrong company could prove fatal to your business.

The one thing that I keep thinking while attending the workshops is that this is the perfect way to develop a deeper understanding of marketing and its practical application. Startup businesses that need to hone their company’s focus could really benefit from attending this series. Starting from a “big picture” overview the instructors deftly link marketing theory with real world application. One of the greatest things that I feel is emphasized in the series is that marketing isn’t just a function of business that takes up a line item on an annual report. Marketing is the driving force of a business and without marketing a business struggles to realize who they are and who their customer really is.

I am indeed fortunate to be a part of the series. I cannot help but wonder how many other students in different internships are able to have this type of opportunity? Each day that I return to the OEN office I look forward to applying a little more marketing theory in my current position. Readers wishing they could have taken the series shouldn’t be dismayed. As I understand it there is a new series each year. Not to mention it is not too late to get in on the Leadership & Human Capital series coming up in September or even the Mastering Finance series in October. With all of the great opportunities available through OEN, everyone is able to be fortunate just like I am.

 

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Oregon Entrepreneurs Network Swapmeet logo Ahh...it's summertime and it is OEN SwapMeet time too. Please drop by next Thursday, June 28th to On Deck Sports Bar for an outdoor, evening networking soiree that should be fun and functional. The Swapmeet is a program we hold quarterly around the Portland area. We've created it specifically for people looking to connect with entrepreneurs, early-stage companies, and the people who help them both grow. As the Oregon economy continues to develop, there will be more and more opportunity to work with, work for, or start new companies in growing industries. SwapMeet is a great way to get connected to the people making it all happen. There's no program, no entrance fee, and no pressure. Just networking. And happy hour, of course, so if you want to partake, go right ahead. When: Jun 28, 2007 5:15 pm Where: On Deck Sports Bar & Grill - 910 NW 14th Ave

 

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Looking at the National Women's Business Council, women-owned businesses, now represent 50 percent of private companies in the US and the latest statistics published by the Small Business Administration in Oregon show that in 2002 women-owned firms totaled 88,311, an increase of 10 percent from 1997, and generated $10.7 billion in revenues. According to Margaret Heffernan, businesswoman and now writer, venture capital firms are run by men and are missing the boat by investing in primarily just companies run by men. Read VC:What You See Isn't What You Get and comment what you think. Also if you are interested in checking out how you can get involved in investing and you are a woman. Check out Oregon Entrepreneurs Network's educational forum for active angel investors and women interested in learning more about investing Women's Investment Network (WIN). Perhaps women investors will capture where traditional investors may be missing out.

 

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While not everyone who goes into business has one, it certainly helps. First of all if you are seeking venture capital or trying to get interest from an angel investor you will need a strong business plan that demonstrates sound business reasoning. Also if you are trying to get alternate funding such as a loan from a bank or applying for a loan through SBA (Small Business Administration) you will need a plan that shows you have a solid and workable business concept. It is also tremendously useful to help you plan and manage for success. Check out Entrepreneur.com's 15 Reasons you Need a Business Plan . Coming up June 21, 2007 Oregon Entrepreneurs Network (OEN) is presenting a Business Plan Development seminar where you will learn the components of an effective business plan. OEN’s expert instructors weigh concept over methodology, present important material in addition to the valuable handouts and resource listing they make available to all seminar attendees. The entrepreneur leaves with:
  • Why they need a clear and compelling elevator pitch, executive summary, and business plan.
  • What components make a successful plan.
  • How they create a process for building each section, so they always know what to do next.
Register for the Business Plan Development Seminar

 

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Interested in finding out managed care for chronic conditions and what's being done about it? Then check out the special event at OTBC - a rebroadcast of the MIT Enterprise Forum Presentation: A.B.L.E Tech. The presentation takes place on Tuesday, June 19th, at 5:30 PM. Here's the skinny: Within a decade, the number of Americans requiring continual managed care for chronic conditions could reach 100 million. Explore the entrepreneurial opportunities that technology, engineering, and life sciences can have on the quality of every day life for the aging and disabled. "A.B.L.E. Tech" will spotlight: - The vast entrepreneurial opportunities that technology, engineering, and life sciences can have on the quality of every day life for the aging and disabled - Cutting-edge advances being developed today - How to prevent a looming crisis by focusing on managed vs. acute medical care The featured panel is moderated by NBC News correspondent and MIT Media Lab Distinguished Fellow, John Hockenberry, and features MIT Media Lab Professor Hugh Herr, and noted inventor, entrepreneur and president of DEKA Research, Dean Kamen . This program is sponsored by the OTBC and you can register online via their site.

 

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Last Thursday evening I attended the first session of the OEN Exec Series - Creating Your Go-To-Market Strategy. Knowing little, if anything, about Marketing and the aura surrounding it made the session quite interesting.

The series was introduced by Jeanette Slepian, then James Latham and Linda Brackett took the stage. James had the class members introduce themselves in the style of a 5-minute pitch. I know it put me on the spot, but the class members seemed ready and willing to speak briefly about themselves and the companies they come from.

As the session progressed, I realized why marketing seemed so foreign to me - it appears that marketing is like a mashup of psychology, sociology and business. No wonder it seemed so challenging! After this realization, it seemed much easier to wrap my techie brain around this topic.

I'm eager to be a fly on the wall during the next several sessions - I will record the presentations and, in the future, they will be available (more on that later). Who knows? Perhaps this session will unleash my inner-marketing genius. Or I'll simply load up on the cookies and fruit juice. We shall see.

 

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Green Business Abounds

Posted by Administrator Jun 11, 2007

On my wikipedia how-to alerts I often get funny topics. I get tips on everything from How to play Texas Hold'em to How to solve the mysteries of marketing . Today's alert included http://www.wikihow.com/Have-a-Green-Wedding How to have a green wedding . Sustainability news stories are popping up like flowers in spring. This new "green wedding concept" is a burgeoning market that seems a bit ironic since weddings in the U.S. have typically become so big that they are more aptly described as the epitome of consumption. Nonetheless, weddings are not the only thing going green. Just recently I saw in the news that Earth Advantage is offering a successful Sustainability Training for Accredited Realtors (STAR) to help real estate professionals communicate with their clients about green home issues in ways that are meaningful and useful.
Being a resident of Oregon, this new "green" focus should not be a surprise to me since the concept of being concerned about the impact we have as humans on the earth is an ideal that Oregonians have supported before it became the catchy term of the day.

Now sustainability is the buzzword du jour and it's mainstream enough that it is turning into a business opportunity and a new marketing tool for companies to differentiate their products. Take two recent articles in the Portland Business Journal where Alpenrose gets green with milk by going completely organic. In the case of Alima Cosmetics the Portland-based cosmetic company recently paid $10,000 to have the Certified Natural Cosmetics seal given by Association of German Industries and Trading Firms that certifies that products are completely natural.

Part the fascination for organic, sustainable and natural products and processes is likely due to the publicity about pesticides and chemicals, as well as the increasing fear of global warming. Realistically our motivation to find the green within has everything to do with the real pain we all face due to the high cost of energy. Regardless of why businesses are focusing on folding in better ecological practices into their business models, I think it is good for the earth and good for business. I for one am happy to see that the market factors have evolved to the point where we care about our what we put in the products we consume and we care about our carbon footprint. The concept of sustainability being a requirement of business just seems logical. After all, isn't the goal for successful business to ultimately make a sustainable company, to create sustainable employment,and of course to earn a sustainable profit.

To see more about how other companies are making this strategy work check out the June 13th Oregon Entrepreneurs Network Pubtalk held at Bridgeport Brewpub + Bakery that features a sustainability focused company, END Outside Gear a new Portland, Oregon-based brand that employs environmentally neutral design and manufacturing processes to the production of outdoor footwear, apparel and equipment.

 

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On June 5th, Hood River held its 3rd PubTalk event that featured networking, a keynote presentation and two early-stage company presenters seeking advisors and/or capital investment. The keynote presentation, "Executive Summary Basics - Setting the Stage for Success" was given by Marc Cameron, Daverci Solutions, which provides automated medication administration in the pharmacy, skilled nursing and long-term care industries. Cameron used real-life examples to demonstrate how an executive summary can be utilized to solicit interest and funding. According to Cameron, "The executive summary must be compelling, grab the reader, state the problem and offer solutions." Other important components were shared and those attending had a chance to have their own specific questions answered. The first company to "pitch" their business model to the audience was The Grande Dalles: Luxury Estate Winery on the Frontier. The second was Klassic Corp., Bite-sized Cuisine. Each company did a good job keeping their pitch to 10 minutes including Q&A. Everyone here in the Gorge is looking forward to a summer full of outdoor activities -- thus PubTalk will resume in September. Wear sunscreen everyone!

 

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Demystifying the web

Posted by Administrator Jun 6, 2007

In my role as marketing director of Oregon Entrepreneurs Network I am discovering that I face many marketing challenges that entrepreneurs of start up organizations face too. How do you get the message out when you suffer from a lack of bandwidth and a lack of budget? The web for me represents the best way to get out our message out to our target audience. Recently we rebranded our organization from Oregon Entrepreneurs Forum to Oregon Entrepreneurs Network. We also have a new url and I realized we needed to make sure that we learned what we were doing right and wrong so that we can maximize our reach with this tool. I contacted Kent Lewis at Anvil Media, a search engine marketing agency, who was recently featured in the Portland Business Journal in an article regarding search engine marketing for help.

Fast forward a few weeks and I am impressed. Our website has been subjected to an initial benchmarking and evaluation called the SEM Audit Lite which seems to be a misnomer since the report yields a plethora of data that you would not realize was even possible to get. We have received the initial search engine optimization report and are currently in the process of doing keyword testing to further test how best to optimize certain elements of the site. Then the work will begin for us in earnest. We will have to address their recommendations. Thankfully, they have also prioritized them so we have a starting point and a bit of a roadmap which is handy when you are embarking on something new.

My hope is this will yield more site traffic but also that we will be able to incorporate some functionality and organization that will make the site better for our visitors. Stay tuned for incremental changes as we progress through our search engine marketing adventure.

 

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