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Hello,

 
The City of Brewer is once again proud to present to you the Brewer Business Resources Newsletter; a service offered to you through the Brewer Business Resources program.  
 
We hope you enjoy this newsletter, and that we will see you at our upcoming Brewer Business Resources workshop; 
 
Show Me the Money: Cash Flow Analysis for the Small Business
 
April 2. 2008  -  6p.m. to 8p.m.
Muddy Rudder Restaurant, Brewer
Free of Charge and Open to Everyone!
 
Thanks to our sponsors, Team Brewer is committed to bringing you the best in small business resources. 
 
 
Tanya Pereira, Economic Specialist and
D'arcy Main-Boyington, Economic Development Director
 
Brewer Economic Development
 
Brewer's Economic Development Team - Tanya Pereira and D'arcy Main-Boyind

First Priority - Safety and Health 

 
by David E. Wacker, CFPS, Director
Workplace Safety and Health Division
 

The acronym OSHA (Occupational Safety and Health Administration) usually is met with a more than distasteful thought, especially when they are at your place of business. Let me help in relieving some of the anxiety, and get you started on the right path to safety and health.

 

I have not come across an employer who wants to get their employees hurt. However, many unsafe conditions exist and unsafe acts are committed due to lack of knowledge of the OSHA standards.  Many employers get cited by OSHA for the same reason. Unless you are a full time safety and/or health professional, it is virtually impossible to keep up with these standards. Over the next series of articles, the most common citations will be discussed as it pertains to general industry.

 

Number 1 citation - Lockout /Tagout Program -Is control of hazardous stored energy such as steam, hydraulic fluid, electricity, gravity, etc.  OSHA requires that anytime someone is servicing or repairing a device which has stored energy, that it be locked out or tagged out prior to being serviced. This simply means that the power or stored energy must be isolated prior to work being performed. It may be as simple as unplugging the machine from the wall to placing a lock and/or tag on the energy control, such as an electrical box, breaker, or control valve. In the case of hydraulics, it requires a block or bar to eliminate the movement of the hydraulic piston.

 

The requirements state that if you have this type of equipment, you shall have a lockout/tagout policy, a specific procedure for each machine, and of course training. If the device simply plugs into a receptacle, it can be as simple as unplugging it while the device is being worked on.

 

If you wish to look up this standard, go towww.osha.gov and do a search on 1910.147 or contact the Maine Department of Labor, SafetyWorks! at 623-7900 for assistance.

 

"Safety is NO Accident"


The Maine Department of Labor provides equal opportunity in employment and programs. Auxiliary aids and services are available to individuals with disabilities upon request.

Customer Service Makes Good Business Sense

by Louise O. Kirkland, CFLE, Extension Educator, University of Maine Cooperative Extension

The nature of customer service has changed during the last 10 years. Today's customers expect something more than traditional customer service. They demand exceptional customer service. They want us to exceed their expectations, demonstrate that the organization cares for them, and work immediately and decisively on their behalf.

Your competitors can easily copy your products, prices and promotions; however they can't copy YOU and the SERVICE you provide. To your customers, you're the voice and personality of your business.

 

How do you communicate with your customers? Let's examine a few tips which you might incorporate the next time you greet one of your customers.

  1. Body Language - Many people are more likely to believe nonverbal signals than words. Do you smile and nod your head to encourage the customer to speak? Do you lean forward and maintain eye contact to show you are interested? Do you avoid crossing your arms, legs, ankles or wrists when talking to customers? With that posture, you are "closed" to conversation.
  2. Tone of Voice - Are you sincere in you speaking? Do you show empathy and concern for their needs? Are you speaking too fast thus showing that you are nervous or in a hurry? Do you maintain a moderate volume to help calm an upset customer? Keep a smile in your voice.
  3. The Right Words - Consider asking open ended questions. These begin with the words where, when, what, who, which and how. They tend to keep conversation going because they ask for information from the customer.
  4. Build an Emotional Connection - Learn your customer's name immediately and use it whether it is on an informal or formal basis. You might want to express common interests with your customer such as hobbies, family, recent events, pets or the weather. How do you display confidence? If customers believe that you know what's going on, they will be more eager to work with you. Do you show empathy to your customers? When you are sensitive to your customer's feelings, needs and thoughts, you are putting yourself in their shoes and solving problems becomes much easier.

So as you deal with customers on a daily basis, you may want to remind yourself to "keep your attitude up beat and positive" all day long. Remind yourself to engage in positive self-talk and practice healthy thinking. Take care of yourself with healthy eating habits, a regular exercise routine, proper sleep and spending time with friends and family members to add value to your life. And finally bring your sense of humor to your business. Bringing a little sunshine into each customer's life makes for good business sense.

What's up with the stock market?
 
by Marion R. Syversen, MBA
President -
NorumbegaFinancial
 
I'm sure you have noticed the market's volatility of 2007's last quarter and its downturn in 2008. The Federal Reserve has lowered rates several times this year to help with market stability.
 
Why is this happening?
As real estate prices flattened and variable rate mortgages became difficult for some to pay, financial institutions developed millions of dollars in bad debt. It took time for banks to fully understand the scope of the problems and for that information to be disseminated to Wall Street.
 
What happened internationally?
Recently the Bank of China announced that it's profits might suffer as a result of almost $8 billion in US mortgage instruments on its books. Now, markets around the world are concerned because they feel underinformed about potential losses for financial institutions in their countries. Banks in foreign countries communicate less openly and the lack of information makes markets very cranky. 
 
What does this mean for me?
It is my opinion that the real estate and financial sectors are the main difficulties in the market presently. Like the technology boom and bust of the late 1990's one area or sector can lift or depress markets.
 
But not all sectors are suffering a downturn except as a consequence of the financials. Many companies are announcing profits and beating analysts expectations.  
 
What about your investments in this volatile time? You may want to tweak your portfolio towards more conservative holdings. Some of you might be happy for this exciting and unpredictable time and see opportunities. If you are working with an advisor, let them know if you are concerned or if you feel neglected.
 
It's impossible to predict the future except to say this: Spring will get here soon; down markets eventually go up, and saving for your future will pay off.
 
Disclosure:

Securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated. The opinions expressed here are those of the author and not of Wall Street Financial Group, Inc.

In This Issue...
First Priority - Safety and Health
Customer Service Makes Good Business Sense
What's up with the stock market?
What's News in Brewer?
Brewer Business Resources is Proudly Sponsored by:

Brewer logo blue
 
A program of the City of Brewer Economic Development Office.
 
What's News In Brewer?
 

1. Vice President of Business Banking Vicki Bessette and Commercial Banking Officer Ken Colpritt, both from Bangor Savings Bank, are teaming up to present Show Me the Money: Cash Flow Analysisfor the Small Business - an informative Brewer Business Resources (BBR) workshop held April 2nd from 6-8pm at the Muddy Rudder Restaurant in Brewer. 

 

Attendees will learn how to maintain an adequate cash flow by examining the components of their business that affect it, and in the process enjoy networking with other business owners.  Specific topics include cash flow analysis, 5 C's of credit, how banks calculate cash flow, and benefits and pitfalls of cash flow.

 

Ms. Bessette is a graduate of the University of Maine at Machias, and has over 25 years of experience in banking.  The last 5 years have focused on business banking.  Mr. Colpritt is a UMaine graduate with 23 total years in finance related fields, including public accounting, private accounting, and banking.  He is also a CPA.  

 

Deb Neuman, a well-known small business expert and host of Back to Business on WVOM 103.9 FM, will be the host for the discussion. 

 
RSVP's  encouraged to efago@brewerme.org

2. A group of local business owners and citizens are forming a downtown improvement group, to help revitalize our waterfront region along Main Street. If you have interest in participating in this group, contact Staci Watkins at 989-3100.

3. The City's online consumer survey is generating  a tremendous amount of interest. We have received hundreds of responses already - but we still need your input! If you have not taken the survey yet, check out  www.brewerme.org and click on the link. You will get great coupons from local businesses, and will be entered into drawings for some amazing prizes! Please direct any questions that you may have to Ron Cote of Auxilar -  phone: 478-2717  email: ron@auxilar.com

 
 

Brewer Business Resources is brought to you by the City of Brewer and our generous sponsors.  Like it?  Tell a friend!
City of Brewer Economic Development Office | 80 North Main Street | Brewer | ME | 04412