Rebecca Gunn, Vice President and Regional Executive of the Federal Reserve Bank of Atlanta, will speak about economic issues during the Tuesday, Nov. 19, meeting of the Georgia Association of Business Brokers. The GABB is the state’s largest association of professionals dedicated to buying and selling businesses and franchises.
The GABB meets at the Georgia Association of Realtors at 6065 Barfield Road, Sandy Springs, GA, 30328, and the meeting will last from 10:30 a.m. to noon preceded by a free networking session at 9:45 a.m. GABB Affiliate Bob Smith, a health and life insurance advisor for North American Health Plans, will sponsor breakfast. GABB meetings are free and open to the public; guests should register at the form below.
In Ms. Gunn’s role at the Federal Reserve, she provides strategic support for the Regional Economic Information Network throughout Georgia, working with other regional executives to provide targeted economic intelligence. She also provides support for public outreach, economic education, and corporate citizenship.
Since 2013, Ms. Gunn has served as assistant vice president and corporate secretary as well as assistant to the president and first vice president. In this role she oversaw governance, planning, reporting, and administrative support for the long-term plans regarding director recruiting across the District. She also provided support to the Bank’s Board of Directors’ Search Committee for the Atlanta Bank presidential search process.
Ms. Gunn joined the Atlanta Fed in 1996 as an analyst in the planning and control department. She was promoted to supervisor shortly afterward and then to senior auditor. In 2005, she transferred to the Retail Payments Office, where she held positions of increasing responsibility, including financial product coordinator and portfolio manager. In 2011, she joined the Human Resources department as a business liaison providing strategic support and guidance to business areas throughout the Bank.
A native of Birmingham, Alabama, Ms. Gunn earned a bachelor’s degree in management from the Georgia Institute of Technology. She is the Atlanta Community Group Leader for the Marfan Foundation and a member of the Foundation’s Patient & Program Services Committee. She also serves on the Finance Committee of Camp Twin Lakes.
The GABB is the state’s largest and oldest association of professionals who specialize in brokering the purchase and sale of businesses and franchises. Broker members help owners determine the asking price of their business, create marketing plans and strategies for selling their business, identify and qualify buyers, and have the knowledge, experience and skills needed to help maintain the confidential nature of the process. The professionals of GABB relentlessly pursue professional development so they can provide superior, ethical services for all customers and clients. Affiliate members include bankers, lawyers, appraisers, insurers and other professionals who work closely with brokers to help owners and buyers get to the closing table.
For more information about GABB, please contact GABB President Dean Burnette at 912-247-3209 or firstname.lastname@example.org, or GABB Executive Director Diane Loupe at email@example.com or 404-374-3990.
If you are not a GABB member and wish to attend the meeting, please fill out this form. GABB meetings are free and open to the public.
AUGUSTA, Ga. — Georgia’s business climate has been named No. 1 in the nation by Site Selection Magazine, an internationally circulated business publication covering corporate real estate and economic development, for the seventh year in a row. Georgia is the only state that has received the distinction seven consecutive times in the history of Site Selection’s rankings.
“I am incredibly proud that Georgia has received the No. 1 ranking from Site Selection for the seventh year in a row,” said Governor Brian Kemp, who made the historic announcement at the Georgia Cyber Center in Augusta, Georgia.
Site Selection releases its Top State Business Climate rankings each November. The rankings are 50 percent based on objective criteria and 50 percent on the input received from a survey of independent site location experts who are asked to rank and explain their choice.
“Our readers are keenly interested in our annual state business climate ranking, because they seek locations with the greatest prospects for success,” said Mark Arend, editor-in-chief of Site Selection. “Georgia’s seventh consecutive Top State Business Climate win reminds them that a Georgia location will contribute to their productivity and profitability long term.”
Governor Kemp said Georgia “will continue raising the bar and working with our economic development partners in the public and private sectors to ensure that Georgia stays the best place in the nation to live, work, and raise a family.”
“The nation’s leading site consultants see opportunity for growth across our state,” Kemp said. “Our top-ranked workforce development initiatives – combined with a conservative, pro-business policy approach, world-class higher education system, and a logistics network that puts the global economy within arm’s reach – make Georgia a top competitor for investment from businesses large and small – across the country and around the world.”
Georgia has long received recognition from leading companies and site consultants for its attractive business climate. The state’s workforce training program, Georgia Quick Start, is the top-ranked program in the United States. Logistics hubs like the Port of Savannah and Hartsfield-Jackson Atlanta International Airport connect businesses to their consumers far and wide, and the state’s pro-business policies make Georgia a competitive option for companies looking to locate or expand. In Fiscal Year 2019 alone, the Georgia Department of Economic Development supported the creation of nearly 29,000 new jobs through the location of 332 projects, 74 percent of which were located outside of metro Atlanta.
“We are thrilled that Georgia’s business climate has once again been named No. 1 by Site Selection,” said GDEcD Commissioner Pat Wilson. “Under Governor Kemp’s leadership, our partnership approach to economic development has enabled us to maintain a competitive edge in attracting new business and expanding our existing industries.
“Our world-class team at the Georgia Department of Economic Development is proud to work with our economic development partners throughout the state to make record-breaking achievements like this possible. We look forward to joining with Governor Kemp to continue spreading hope and creating opportunities for all Georgians in the years to come.”
Site Selection Magazine joins Area Development Magazine in naming Georgia the top state for business for 2019 – the seventh and sixth straight year, respectively, that both publications have awarded Georgia the ranking.Read More
If you’re hoping to borrow money to buy or start a business, you’ll probably need a business plan.
A business plan, which projects 3-5 years ahead, is your road map for your business. It outlines how a company plans to reach yearly milestones, including revenue projections. A well-thought-out plan also helps a business focus on its key elements and helps the owner make good decisions, according to the Small Business Administration.
Serial entrepreneur Alejandro Cremades, author of The Art of Startup Fundraising, says you “should have a plan in order to get yourself organized, to ensure you have some type of viable commercial potential, you have focus and hopefully aren’t going to run out of money or starve before you get going.”
The SBA’s Business Plan Tool is a free resource that guides you step-by-step to create the plan. Not only can you save your plan as a PDF file, you can also update it at any time, making this a living plan to which you can often refer. You can also use your completed business plan to discuss next steps with a mentor or counselor from an SBA resource partner such as SCORE, a Small Business Development Center (SBDC) or a Women’s Business Center (WBC).
All of your information entered into this tool can only be viewed by accessing your account using the password you have specified.
You can complete each section of SBA’s Business Plan Tool at your own pace, save your work at any time and pick up where you left off the next time you log into the tool. Your information will be saved for up to six months after your last login date.
Writing for Forbes, Cremades says that traditional business plans can be massive, expensive, time-consuming projects. If “you don’t plan to raise money, apply for loans and don’t intend on bringing in partners, then you certainly don’t need a 25lb manuscript. Keep it simple.” Brian Chesky, founder of Airbnb, is famous for his one-page business plan for global domination.
Harvard Business Review (HBR) says some business plans “end up nothing more than a fable.” That because HBR says “the real key to succeeding in business is being flexible and responsive to opportunities. Entrepreneurs often have to pivot their business once it becomes clear that their original customer is not the right customer, or when it turns out that their product or service fits better in an alternate market.”
HBR also wrote that:
- The “most successful entrepreneurs were those that wrote their business plan between 6-12 months after deciding to start a business. Stating that this “increased the probability of venture viability success by 8%.”
- Chances of success rose by 12% for those that spent no longer than three months on their plan. Spending more time than that was futile.
- Startups chances of venture viability rose by 27% if the plan was created at the same time that founders were talking to customers and preparing marketing.
According to Entrepreneur.com and Rule’s Book of Business Plans for Startups, founders should be considering these factors when creating their plan.
- How the business will be vested
- Main objectives
- Mission statement
- Keys to success
- Industry analysis
- Market analysis
- Competitor analysis
- Core strategies
- Marketing plans
- Organizational structure
- Key operations
- Projections and pro formas
- Break-even analysis
- Financial needs
SCORE, an SBA partner that provides free business mentoring and education, offers templates with instructions for each section of the business plan, followed by worksheets.
- Executive Summary
- Company Description
- Products and Services
- Marketing Plan
- Operational Plan
- Management & Organization
- Startup Expenses & Capitalization
- Financial Plan
For more help with getting business financing, consult one of the GABB’s professional SBA lenders who can advise you on what you need to get funding for your business.Read More
Members of the Georgia Association of Business Brokers are invited to attend the group’s annual Holiday Gala on Dec. 12, 2019.
The annual celebration will be held at the Capital Grill in Dunwoody’s Perimeter Mall area starting at 7 p.m.
Members are asked to bring an unwrapped toy, diapers, child’s clothing item or other donation for the Foster Care Support Foundation, a Roswell-based charity that helps foster children statewide. Visit their website for a complete list of the things they need.
The GABB will also honor the recipients of the 2019 Million Dollar Club.
To attend, members should fill out the following reservation form.
The GABB is now accepting applications for the 2019 Million Dollar Club, recognizing members who have sold businesses worth at least $1 million in the previous year. The deadline for submitting applications is Nov. 20, 2019.
Awardees will be honored at the annual GABB Holiday Gala on Dec. 12 at the Capital Grille in Dunwoody at Perimeter Mall.
GABB members are eligible for the:
- Million Dollar Club if they have eligible sales from Nov. 1, 2018 to Oct. 31, 2019 of $1,000,000 to $1,999,999.
- Multi-Million Dollar Club members will have eligible sales generated totaling $2,000,000 or more during the same period.
- Life Members of the Million Dollar Club have been elected to the Million Dollar Club for three consecutive years or any 5 years.
- Phoenix Award Member is anyone who has been elected to the Million Dollar Club for any 10 years.
- Silver Phoenix honors a person who has been elected to the Million Dollar Club for any 25 years.
To be eligible for the award, an applicant must be a current member in good standing of the Georgia Association of Business Brokers and only transactions closed after the effective date of membership in GABB will count as Million Dollar Club volume. All Million Dollar Club members must have attended at least three GABB events during the eligible period, such as meetings, conferences, or social events.
The online application, along with detailed rules about the club, can be found at the GABB website.