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CBICC

 

Centre County Industrial Development Corporation

The Centre County Industrial Development Corporation’s (CCIDC) mission is to promote economic development throughout Centre County with the ultimate goal of attracting and retaining family-sustaining jobs. Through various program activities CCIDC supports the expansion, health and well-being of existing Centre County businesses as well as new business attraction. As a non-profit, non-partisan organization, the CCIDC is a vehicle to unite and coordinate economic development initiatives of both the public and private sectors.

In addition to various loan programs and financing assistance, the CCIDC offers space at two business incubators. Pennsylvania firms can obtain start-up assistance including the use of offices and specialized laboratory facilities.

Featured Commercial Real Estate Listing

 

East College Avenue
State College, PA

Square Footage:5,350 Contact: Mick Trombley

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526 E. Rolling Ridge Dr.
Bellefonte, PA 

Square Footage:47,000                                            Contact: Scott Yocum

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Essential Legal Documents for Your Business

Essential Legal Documents

As you indulge in a business, you need to start up legal documentation. Apart from the legally required documents, you also need other documents that will govern how you conduct the business as well as how you relate with other stakeholders. Look at this site and six essential legal documents mentioned for your business.

Founders Agreement

Also known as Shareholders Agreement in case of a limited liability company (LLC), the document is significant in ensuring that the startup runs smoothly by clearly laying out the founders’ responsibilities. The guideline helps in reducing potential conflict between founders and allowing profitability in the business operations. Below is among the clauses included in founders’ agreement:

  • Management structure
  • Dividend sharing and how additional funding by shareholders is conducted
  • Share transfer and restrictions
  • How additional shareholders get added to the business among other concerns that affect the operations of the business

Corporate Bylaws

Every state requires companies to adhere to specific rules. Such rules include holding annual shareholders meeting and keeping minutes of such meetings to mention a few. In ensuring that a business keenly follows the state laws, corporate bylaws are formed. The bylaws provide guidelines including concerns like:

  • Annual shareholders meeting date and venue
  • Required quorum for meeting and for electing directors
  • How to call for a directors meeting
  • How to issue notice for a special shareholders' meeting to mention a few

Minutes

Minutes acts as the business memory detailing all the vital business operations. The minutes’ major meeting details include:

  • The type of meeting held
  • Place and time of the meeting
  • Attendance record
  • Actions taken such as elections
  • A record of how votes were cast

Non-Disclosure Agreement

Business operations require a certain level of secrecy. For instance, while launching a new product, it would be detrimental for your business to reveal it before acquiring all legal documentation. The non-disclosure agreement is the first document that protects business information by creating a confidential relationship with the relevant stakeholders such as the employees and contractors.

Online Privacy Policy and Terms of Use

With the continued rise and use of the internet, businesses require some online presence. Privacy policy documents show how the information collected online such as emails will be used. Terms of use, on the other hand, outlines what someone needs to know before using a business website. Terms of use are vital especially in case of harm as a result of trusting the content on a business site since there will be limited liability given that the user already knew what they were getting into.

Business Plan

A business plan is one of those documents that are not among start-up legal documentation but whose importance is paramount. Should you need financing, a business plan is required. The document provides information regarding your business’ opportunities and how you plan to capture what they offer.

Startup legal documentation allows you to not only conform to your state’s rules but also operate smoothly to achieve your goals. Every document has its role, and appropriately drafting them is vital. If you are not aware of certain particulars, it is advisable to seek legal help from a business attorney to ensure you understand each aspect in varying documents.

The Ever Changing Perfume Industry

Perfume Industry

Just like the art industry, the perfume industry has undergone profound changes since the nineteenth century kicked in. The changing of tastes as well as the chemistry development laid solid foundations for perfumery in the modern world. In the old days, perfume was usually derived from flower fragrances. Today, perfumes have become very complex, and they are manufactured from many synthetic and natural chemicals. Lots of online fragrance sample supplier are on the rise, Scentbird Fragrence Review + 15% OFF Coupon is one of the popular ones.

These are often referred to as “overtones” or “notes.” The first perfume to be created by the application of modern chemical principles was called Chanel N°5 and was also the first to contain synthetics.

The world consists of two types of perfumes: One is the celebrity perfumes with fast turnover, designed to make profits when they hit the market before a star’s capital wanes, and the second is the timeless classics, consisting of loyal followings and expensive ingredients. While these names endure, many of the quantities and ingredients of perfumes or colognes have changed over time.

The Organic Nature of Products

Perfumes were initially based on ingredients that were nature-sourced. They were largely obtained by distilling or pressing plant products. This continued until later on in the 19th century. As the organic chemists began understanding molecular structure and the process of synthesizing them, the new fragrances became seamlessly possible. Synthetics provided assured supplies of molecules that were more familiar while others were new and unknown in nature.

Cheaper Synthetics

In the year 1888, a great providence has occurred. A German chemist known as Albert Baur did a nitration of 3-tert-butyltoluene, with hopes that this product could be an explosive that is better than TNT. Unfortunately, it wasn’t. However, it had an outstanding smell of musk. After six years, Baur proceeded further to make musk ketone and considered to have the closest smell to the natural musk. Since then, the musky smelling source of molecules for the perfumes' “base note” was called the musk deer.

Chemists have now created many other odorant molecules that are affordable in the perfumer service such as Gamma-Undecalactone (Mitsuoko), Ethyl Vanillin (Shalimar), Ethyl Maltol (Angel), Methyl Dihydrojasmonate, and Karanal.

Aromatic Blends

Almost all perfumes in the modern world use a mix of synthetic and natural-sourced molecules which are more readily available and are usually much cheaper. Even if the cost of ingredients in perfumes is less than that of the shop price by 5%, most perfumers are usually under pressure in finding cheaper ingredients from accountants, and this is not an easy task.

Modern chemistry has assisted perfumers to find new and cheaper ingredients. In addition, there is much more knowledge than there was about allergens and also the chemicals that cause reactions. In recent history, the nitro-musks were the first to be kicked out of the law. These days, perfumers have to find methods of perfecting smell and avoiding unwelcome reactions. The next time you catch an amazing scent whiff, appreciate the skills perfumers and chemists have used to bring the scent to you. You will realize how tricky the perfumery has become.

Reducing Waste in the Supply Chain

Reducing Waste in the Supply Chain

In the supply chain world, cost-reduction is the utmost goal to maintain business stability. In order to implement a reasonable cost-reduction strategy, you should be able to determine and eliminate waste. In reducing waste, the challenge is to be able to reduce cost, reduce production time, and produce quality outputs all at the same time. Here are some ways a business can eliminate waste.

Dispose of waste properly

Supply chain waste also includes chemicals, papers, metals or any materials used in manufacturing a product. These waste products need to be collected and disposed of properly. Most business chooses to go for dumpster rental Stratford CT services to easily manage these types of wastes. Segregate waste in order to determine if you will be able to recycle or reuse wastes.

Know your customer

Anything that a company adds to a product but the customer does not wish to pay for is waste. The business should adapt to the changing needs of the customers. Remember that the success of your product will depend on the customers. Conduct a survey; get feedback from your employees or your target demographics to identify the status quo.


Automation

Look through your process map and determine processes that can be automated. Reducing time to finish a product is one of the key factors in eliminating waste. Automation will save your business a lot of time. An example would be transitioning from paper-based to electronic data transfer. Automation can also help reduce wait time.


Producing more than or ahead of the demand

Overproduction is proven to be time-consuming and costly. It is always advisable to manufacture products by batch, based on the demand. Remember the time and money spent in overproduction could have been spent differently.

Minimize product defects

Manufacturing defective products will impact the business significantly. Rework will definitely take your time and cost. Since product quality is compromised, customer satisfaction will also be at stake. Poor manufacturing processes and more product defects will never contribute to your waste reduction project. Plus, it will be a waste of your time, effort, and money. Manage your production line well to ensure that product defects are minimized to maximize productivity and revenue.


Skills

Delegate tasks according to the right people. If a task is misallocated, the product may not look or function the way it is designed, which again may compromise time, cost and quality. If a worker is not familiar with the task assigned to them, the possibility of a delivering a defective output is higher.


Eliminating waste from the supply chain should be one of the priorities of a business. If the business is able to successfully identify waste to be eliminated and implement automation where needed, you will save more than what you have invested. Business success does not rely solely on the waste eliminated and the money saved; it is also dependent on putting your customer needs above anything else. Strive for perfection and continue to pay attention to the details.

SEO and Entrepreneurship: What You Should Know

SEO and Entrepreneurship

One of the most common misconceptions that entrepreneurs have regarding search engine optimization (SEO) is that it is done to drive rankings and traffic. It is not entirely that. Over and above that, seeing an SEO medspa marketing agency as one magic bullet that could bring any website the promise of a revenue is a delusion.

As a smart entrepreneur who is careful enough not to make the same mistakes that others are making, you have to fundamentally change your perspective towards SEO. A shift in viewpoint will help you avoid blunders in your investment on marketing and aid you to focus more on the most important things in your business.

Here’s what you should know about SEO campaigns:

The Goal of SEO Marketing is Not Rankings and Traffic

A lot of entrepreneurs lose their eyes on the very goal of SEO: conversions. Investing in SEO ultimately seeks to convert visitors into active consumers of your content. This happens after driving organic traffic to your website from Google. Knowing that a good ranking is not enough would help you zero in on the things that are actually keeping you from getting revenue.

Your Website Needs to be SEO-ready

Driving traffic is pointless if your website is not properly positioned to convert it into leads. When people visit your website and come across truncated links, the chances of getting a revenue are slim. You may not invest in SEO right off the bat, but your website should be designed to support SEO in the future. Here’s how:

Check if Your Website Features are Properly Functioning

You can do this manually or by using tools that are available on the internet if you already have a lot of content. There are tools that check error pages, broken links, and website behavior on different browsers.

Adopt an Intuitive, Well-structured Website Design

The website should be easily navigable, have good image quality, and highlight the most important parts.

Make Your Website Mobile-friendly

A lot of customers view sites using their smartphones. If your website is not mobile-friendly, its bounce rate would be high, and your chances of getting leads will become lower.

Buying an SEO Package is Not Smart

Package deals can be appealing because they are usually cheap and come in a bundle of services that seem to promise you everything you need. However, SEO is not a one-size-fits-all solution. Campaigns for driving traffic need to be customized according to your current situation – whether your business model is on the stage of rapid changes or already past that – and goals. A customized SEO plan can be expensive, but it gives you more control over the direction you want to go considering your business model.

SEO’s Payoff is Long-term

Even if you are riding on the latest big thing such as medical spa marketing, do not expect a spike in Google results quickly. Google bots, the website crawlers that rank web pages, look at the slow and steady progress of web pages rather than bursts of activity. That is why black hat SEO techniques such as keyword stuffing will only earn you a red flag on Google.

SEO is not like a magic bean that can bring leads and revenues to any digital business, especially with a poorly designed website. It surely is not enough to hire an agency to do the SEO for your business. It takes enough knowledge on your part and your creativity as an entrepreneur as well.


Business Instagram Security: Practical Tips on How to Keep Cyber Criminals and Scammers in the Dark

Instagram Security

Instagram’s popularity has skyrocketed earnestly over the past few years. The discovery of Instagram’s hidden supremacy in putting startup and stagnant businesses in the limelight is certainly the leading driver behind this popularity. Instagram is a secure social media platform that connects people from all walks of life offering them an opportunity to interact, engage, and share. Although its developers have invested in real-time and sophisticated threat detection bots, Instagram hacking is, unfortunately, still possible. As a matter of fact, Instagram account hacking has increased tremendously over the last few months. That’s why every Instagram account holder, especially businesses, is advised to take note of these tricks for preventing Instagram account security hacking.

Activate The Two-Factor Authentication

Two-factor authentication is one of the most effective security prompts for securing user accounts against tools like InstaPort. It prevents unauthorized entry into your Instagram account. Once you activate this feature, you will provide a supplementary security layer to your Instagram account ensuring that only those with physical access to the registered phone number can log in to the account.  This means that unless hackers and intruders have physical access to your phone, it will be almost impossible to hack you. Activating this layer of Instagram Account security is quite easy. All you need is to navigate to the profile tab on the menu button, click on edit profile tab, choose the two-factor authentication, and then switch require security code icon. Follow all the instructions to the latter to ensure your account is activated for the two-factor authentication.

Avoid Using GPS Tagging

GPS tagging makes Instagram a more adventurous platform giving you the freedom to tag your specific locations on your photos and videos. Unfortunately, while having this feature turned on makes the entire photo sharing experience awesome, it puts your account to the risk of being hacked.  It provides hackers with real-time information regarding your specific location on specific times which can make it easier for them to hack you. Turn off your phone’s GPS tagging feature and stay safe.

Privatize Your Account

A private Instagram account is a secure account. With a private account, you limit those who can access your videos and photos. This deletes catfishers and malicious people from the scene ensuring that the content you post on Instagram won’t be used for malicious purposes. To turn on the private account feature, navigate to the options button, select on private account, and activate the toggle icon.

Make Proper Use of Password Managers

In fear of forgetting their passwords, most Instagram account holders use very weak passwords, hence exposing their accounts to the risk of being hacked.  If you surely cannot memorize complex passwords, it is highly recommended that you use password managers to create strong and lengthy passwords. Password managers allow you to create strong passwords and change them as often as you need. This makes it extremely hard for hackers to guess your password. There are multiple password managers for Androids and iOS devices, so take your time to choose one that best meets your search criteria.

Conclusion

Whether made for personal or business use, your Instagram account needs to be protected from the danger of being hacked. These are some of the best ways to keep your Instagram account safe from hackers, catfishers, and malicious individuals who may be after meddling with your videos, photos, or even content. Implement them and stay safe while engaging and sharing on Instagram.


Why Entrepreneurship Is Important to Your Career in Classical Music

Classical Music

In recent times, the term entrepreneurship has been misused by many individuals due to their misunderstanding about the original meaning of the word. Consequently, the term is misconceived by many people who have in turn developed a skepticism towards entrepreneurial activities. Therefore, it is important for entrepreneurship teachers in the arts to correct the various misconceptions concerning entrepreneurship and to illustrate how entrepreneurship can contribute to the progress of a person’s classical music career. There are four ways in which entrepreneurship promotes the progress of a person’s career in classical music.

Identification of  Opportunities

Problem-solving is a major step in entrepreneurship because one of the primary goals of an entrepreneur is to propose solutions to problems affecting the target market in a community. Therefore, a classical music professional with entrepreneurial skills naturally possesses the observation and analytical skills, which are essential in identifying musical opportunities in the community, market, field or area of specialization. An example is designing a classical music headphone that is tailored for lovers of classical music.

Improvement of an Artist’s creativity

Conventional career choices in the field of classical music offer the practitioner little opportunity for innovation, creativity or novelty, therefore people can introduce creativity into their classical music careers through entrepreneurship. This is because creativity is essential in the problem-solving phase of entrepreneurship. An example is generating revenue through designing and marketing classical music headphones on social media. Although a typical composer might not be interested in marketing, if one is used to solving problems it might become an enjoyable process to the individual.

Teaches flexibility

Adaptability and flexibility are key principles in entrepreneurship. We live in a dynamic society that keeps on changing its attitudes about various issues. Moreover, this paradigm shift is usually a result of complex causes. Consequently, an entrepreneur must be very patient when proposing solutions to a problem. Assuming a classical music professional designs a classical music headphone and the initial product proves to be irrelevant, an entrepreneur should objectively analyze the problem again to develop a better solution.

Entrepreneurship provides a protocol that enables a person to re-evaluate an existing problem to provide a new solution in case the first product does not satisfy the wishes of the market. While the core of an idea might be good, we might ignore some minor yet essential needs of our clients. For example, Classical headphones might simply require Bluetooth functionality. Therefore, entrepreneurship gives classical musicians the direction they need to properly meet the expectations of the audience.

Enables understanding of the audience

Entrepreneurship involves creating value for the target market by satisfying the desires of the consumer. Similarly, experts in classical music have to connect to their audiences to compose or play music that brings joy to their lives. Therefore, an entrepreneurial mentality plays a key role in enabling a professional to compose music that the audience can appreciate. 

Although the thought may not really enter the mind of classical musicians, there are some learnings that can be gleaned from entrepreneurship.  These areas might sound disparate but the trait of being creative, being able to understand the audience, thus identifying opportunities for a classical music career to grow and expand, are actually the same as with any other entrepreneur. Hence, the underlying principles are actually the same.


Boosting the Economy with Hemp Plants

Hemp Harvest

There are many benefits that can be derived from hemp. It has many uses in different industries like health foods, clothing, construction materials, biofuel, and paper sectors. It can also be converted into different kinds of products such as CBD oils, tablets,  and tinctures. Manufacturing hemp and processing it into CBD can help meet the increasing demand for CBD, as well as create jobs for farmers and manufacturers all over the world. However, despite its good benefits, marijuana and CBD are considered illegal, especially in the United States.

Hemp and marijuana are cannabis plants under the strain cannabis sativa. One of the good things about this strain is that it does not have THC which causes the “high” effect on people. Instead of getting stoned, consumers will become more functional because it helps trigger their endocannabinoid system. They can work better and focus more on their tasks. It helps them become mentally and physically healthy. But why does the United State still consider it illegal?

A Political Battle

The United States consumes about $580 million worth of imported hemp every year. Sadly, the country continues to import rather than produce and manufacture it. Many companies in the United States have already proposed to legalize marijuana and hemp plantations to help them lessen the load of getting imported hemp from countries like Canada, France, and China. Several legislators have already pointed out that they can earn more from hemp than tobacco. In this way, they would be able to create more jobs from the workers who have left the tobacco industry.

There were certain instances that the government had almost allowed hemp plants to be legalized. In 2014, the government had allowed the production of hemp plants for purposes of research. Eventually, farmers filled 9,649 acres of hemp plants in 15 states, and 30 universities which worked on research on marijuana and hemp in 2016. This event allowed the legislators to see up-close on how hemp was grown, as well as its effects. Hemp supporters were anticipating that with this experiment, it would help them remove hemp as one of the Controlled Substances Act.

Hemp Production and the Opposition It Encountered

The former president of the Oglala Sioux tribe, Alex White Plume have been growing help for almost twenty years. He was constantly persecuted because of the misconception on hemp plants. White Plume stressed that “hemp had several benefits that we should take advantage of”. He emphasized that its usefulness can help replace products that are often imported from other countries.

In 1998, the Pine Ridge Reservation had been suffering from deep poverty for years. White Plume encouraged the tribe to adopt an ordinance which differentiates marijuana and industrial hemp. He thought that their tribal government will protect him from federal attack. His family had done several kinds of research on both the farming and business side of hemp production. He envisioned that they would be able to create an income flow from it to help ease the poverty of their tribe. In 2000, they started they started planting near the Wounded Knee Creek. The Bureau of Indian Affairs have been encouraging them to farm and White Plume believed that they can do it by planting hemp.

Unfortunately, the US officials were not happy to hear such news. They went to the reservoir arm with guns and decimated the plants. It was a disheartening event for the tribe. It could have been a good source of income for the Native Americans as well as for the other Americans in the United States.

Despite its negative publicity, hemp and marijuana can help generate jobs. The country uses hemp in almost all their products, importing them may seem to be more expensive instead of planting one on their own. It can help create jobs and provide a more solid income stream for farmers and landowners across the US.


Launching a Local Loyalty Card Program and Building a Community

Loyalty Cards

Businesses recognize the fact that they spend sometimes up to 25 times more to acquire new customers than serving their existing ones. On top of that, it has been known that loyal customers spend a lot more than new ones. This is why businesses, more than anything, try to keep their customers engaged and happy. To achieve this, loyalty programs have been established to give rewards to customers who keep coming back.

Nearly all industries and businesses have plastic loyalty cards for their customers with a business model in the likes of "get your 15th coffee for free" business model. The ease at which many businesses can use plastic card printers to create loyalty cards means they are becoming more common. Nowadays, some states in the US have seen such programs being leveraged to boost the economy and build a sense of community. The Case of Croydon, PennsylvaniaThe Croydon Town Centre Business Improvement District has launched the Croydon Loyalty Scheme for employees, residents, and visitors. This scheme aims to attract new businesses into the town.  By rewarding loyal customers, this loyalty card program also supports existing local businesses who are losing a market share to online businesses.

Holders of plastic loyalty cards have access to exclusive offers and discounts from partner bars, restaurants, shops, and other partner businesses.

This program is backed by the Croydon Council. For Councilor Vidhi Mohan, the plastic card loyalty program could help boost the economy by supporting the local trade.

Loyalty Programs in the US

In other parts of the US, loyalty programs were established for civic engagement. In Chicago, for instance, Orland Park launched a program where members get rewards for performing duties that are beneficial to the Park. In partnership with a Chicago startup, BondingPoint, members earn points from registering vehicles, answering village surveys, participating in village events, or patronizing local industries. The rewards include free tickets to a concert or a variety of gift cards.

Other local businesses all over the US including New York and Washington D.C. have partnered with companies like FiveStars to help them launch a rewards program for their customers.  Founded by Victor Ho and Matt Doka who have witnessed the importance of loyalty programs for Fortune 500 companies, FiveStars seek to make such programs accessible to local and small businesses.

What's In it For Customers?

Businesses benefit from loyalty programs when their customers are engaged, satisfied, and loyal. Plastic card holders are rewarded for their loyalty in a variety of ways depending on the business model. Here are some examples:

  • Point system

Most loyalty programs are based on a point system. When users swipe their plastic cards, the system shows the purchase history and the amount of money spent. A certain amount of money corresponds to certain points which when accumulated can be exchanged with free products.

  • Tier system

The tiered system puts more importance on the long-term value of the customer's loyalty. Companies classify rewards into tiers, usually with names like Silver, Gold, and Platinum, with increasing levels of rewards.

  • Non-monetary programs

A customer's values and beliefs are sometimes the basis of some loyalty programs. Schemes where the company helps a non-profit organization for every purchase, belong to this category.

  • Co-op membership programs

Loyal customers can essentially be a part of the company through a co-op membership program. Some businesses grant lifetime memberships for a certain upfront fee. By being a member, customers are entitled to discounts and exclusive deals.

There are different platforms where customers can acquire a plastic loyalty card. They can inquire at stores, fill-out a form, or sign up online. In the US, a lot of customers have two or more loyalty cards.

The plastic loyalty cards system today is becoming the standard way for businesses and customers to be connected. Soon enough, it will be a driver for civic engagement in many states.


How to Promote Your Business Using Insured Prizes

Prize Giveaway

Today's marketing strategies have never been more dependent on technology and, of course, social media. With social media constantly reinventing itself and turning into a catalyst for all things trendy, it's no wonder why all businesses, no matter how big or small they may be, turn to the channel to amplify their different promotions. As we all have come to know, social media plays a huge role in the growth of any business. With the rising influence of social media across the globe, not just for the people of today's generation but also for the previous, it would be a waste not to reach out to a wider audience using the channel.

One way of making a name for yourself in the online world for a much larger audience to see is by holding insured prize promotions. This marketing strategy is great for businesses with not much marketing budget to start with. Even with a strict budget, an insured prize promotion can offer huge prizes that your current audience may find appealing.

An insured prize promotion is a great way to amplify your marketing efforts and spread the word about your promotion a lot quicker. Now, you may have probably encountered this type of promotion before as it is very common.

An insured prize promotion or contest insurance can definitely draw in more customers as operations start to run. The rules to these types of promotions often have loopholes, so be very careful in choosing your words. The only expense you're putting out there would be the production of recommended media, a social media boost in target reach, and of course, the insured prize you're going to hand out.

With insured prize promotions, you can offer great and meaningful prizes without breaking the bank. One of the leaders in marketing strategies have turned to these techniques to gain better results at his business's marketing efforts, which everyone knows isn't just a walk in the park.

Whatever the mechanics of your insured prize promotion are, it is always a good idea to go straightforward. It's important that your visitors can understand these mechanics, and so encourage them to play the promotion. If the rules are too difficult to achieve, you might not be able to gain as much traction as you've originally desired/impeding future spread and promotion influence. But at the end of the day, it's not the technique that matters the most. It's how you maximize the tactic to your full advantage.

Centre County Industrial Development Corporation