The Oklahoma Eagle (Tulsa, Okla.), Vol. 82, No. 44, Ed. 1 Thursday, October 16, 2003 Page: 6 of 12
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Your First Steps Getting
Started—List your reasons
for wanting to go into
business
1. Determine what busi-
ness is right for you—Figure
out what your interests are,
and what you are good at.
And decide if you have
enough time to run a success-
ful business.
2. Identify what niche
your business will fill—This is
r>i
surance aspects.
5. Avoid Hiring Employees-
-It's obvious that this isn't al-
ways possible. But the legal
problems that come with hir-
ing employees can take up a
lot of your important time.
6. Purchase a Computer and
Use It—There is so much infor-
mation available on the inter-
net that will help you with
your business.
7. Persist—Don't give up
easily. You will have good
times and bad, be prepared.
8. Visualize Success—Al-
ways keep your goals in sight.
9. Don t Delay—When you
believe that you have a gm>d
idea, go with it until you are
proved otherwise.
Starting a business can be
a very diffi-
cult task.
H o- w -
ever, if the
proper steps
are taken and
you are well
prepared,
your
chances of
success will be increased.
Planning is key to success.
FEDERAL GRANT MONEY for
new business start-ups anil existing busi-
nesses for the purpose of working capital,
Real Estate, Equipment and Inventory
purchasing.
Call for an appointment,
FREE Consultation. Let us prepare
your grant proposal.
Horace Hili, LLC.
Phone: 918-402-9776
Experienced Consultant for 23 years
Nine Steps To Business
Success
1. Get Smart—Even if vou
are know ledgeable about your
product, you may need to
learn the practical aspects of
running a successful business.
2. Get Advice—You can't
be an expert on everything.
Get advice from as many dif-
ferent sources as possible.
3. P/rtii—Lack of planning
is a major reason why many
businesses fail. Planning
ahead will help you succeed.
4. Protect Yourself—Be-
fore you start your business,
make sure that you are pro-
tected from both legal and in-
•••.w
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when you decide on what
products you will sell, w ho is
your competition, and if you
can provide a better product
than your competition. Also
ask yourself if you can create a
demand for your product, and
is your idea practical.
3. Finally comes the pre-
business checklist—You have
to decide on your legal struc-
ture, your location, how your
records will be kept, and what
your resources are. But don't
forget about equipment and
supplies. You have to decide
on how to obtain these and
how it will be paid for.
No one can go into a busi-
ness with the idea that some-
one else is going to pick up the
tab. If you have no funds, you
can forget about opening a
business. There are some
grants that do not require
matching funds, but you still
will have to be economically
sound.
If your idea of going into
business is for the purpose of
getting rich, forget it. Some
people do become rich but
that was not their primary
goal. A person should go into
business because there is a
need for their products or
services. If there is no need for
your product or services, you
do not have a chance of suc-
cess.
Getting your business started
For more information, visit the
OSCPA web site at
www.oscpa.com, or call
405/841-3800 or 800/522-8261
(toll free).
happy with $12(X) per month,
and we have clients that can't
get by on $30,(XX) per month,"
said Thurman.
According to the United
Nations, you are among the
IMMEDIATE AVAILABILITY
Highway 75 Exposure • APACHE & LEWIS AREA
Church/Non-Profit/Home • 2,200 + Square Feet
Horace Hill
—
opment, occupational skills
training, on-the-job training,
skills upgrading and retrain-
ing, entrepreneurial training,
job-readiness training, reloca-
tion assistance, adult educa-
tion, and supportive services.
Supportive services may in-
clude childcare, transportation
assistance, work-related cloth-
ing, equipment and tools.
The Eastern Workforce In-
vestment Board located in
Muskogee, Oklahoma will op-
erate the project.
We would like to hear from
you, call us at 918-402-9776 or
Email us at;
MENTORING2003@AOL.COM
Attn: Horace Hill
The Oklahoma Minority
Supplier Development Council,
Inc. (OMSDC), together with
the title sponsorship of Cono-
coPhillips, held its 13th .Annual
Minority Business Leadership
Awards Dinner on October 2, at
the Doubletree Hotel - Warren
Place in Tulsa, OK.
The OMSDC recognized
the Outstanding Minority Busi-
nesses of the Year and The Cor-
poration of the Year. The
Outstanding Minority Business
awards were given to minority
businesses that have distin-
guished themselves, by demon-
strating excellence in service
and business performance. The
awards were given in three
classes: Class 1, annual sales
less than $1 million; Class 2, an-
nual sales between $1 million
and $10 million; and Class 3, an-
nual sales greater than $10 mil-
lion.
By Norici Hill
Guest Contributor
of item or
"Heading" meaning the site
name.
Also include the informa-
WASH1NGTON-U.S. Sen.
James M. Inhofe (R-Okla.) an-
nounced that the Department
of Labor has approved a $1.4
million grant for the Okla-
homa Employment Security
Commission to assist out of
work Oklahomans.
"One of my greatest con-
cerns is for our citizens who
have lost their jobs," Inhofe
said. "1 am pleased to an-
nounce this grant award and I
know the funds will help Ok-
lahomans get the assistance
they need in order to reenter
the workforce as soon as possi-
ble I he Department of Labor,
under the Workforce Invest-
ment Act (WIA), will initially
release $884,481 of a $1.4 mil-
lion grant for the Oklahoma
Employment Security Com-
mission to offer employment
transition assistance tor out of
work Oklahomans.
The program participants
are approximately 400 work-
ers ot an estimated 603 work-
ers affected by the closure of
OMSDC selects the Outstanding Minority Businesses
and The Outstanding Corporation of the Year
70 percent of sales are
credit card purchases
to avoid a custom program-
ming expense. The merchant
account capability available
through ECI includes a "Vir-
tual Terminal" w hich the mer-
chant can also use as back-up
risky to their normal procedure
When registering your
Website with Search Engines
such; "Googles" being the best
and also used by other search
engines using the Googles
database. Be sure to use the
the Tyson Foods poultry pro-
cessing plant in Stillwell and
the CelIXion facility in Wag-
oner. The occupations affected
by the plant closures include
general labor, telecommunica-
tions tower construction, poul-
try processing, assembly line
work, electrician and general
clerical.
The grant will provide
employment-related assis-
tance such as assessment, indi-
vidual counseling, career
planning, employment devel-
Over 70' of business
transactions are paid using a
credit card.
Every busi-
ness should
consider a
business
Merchant
Account, es-
pecially for compatible with AutorizeNet,
Online
transactions.
Why? A
merchants account allows a
person to accept credit cards.
Most banks consider In-
ternet commerce more
than traditional merchant ac-
counts because the credit card
and more importantly the
credit card holder are not
standing in front of the mer-
chant tor an Internet purchase.
Accordingly, merchant ac- item description, the category
counts tor Internet use tend to of item or service in the
be more difficult to obtain and
the various fees and discount
rates charged by the banks
and credit card companies are tion in your site description as
part of your Index in the form
of phases, that are iikelv to be
user or
higher then normal swipe ac-
counts.
It you have not purchased used in a search bv the
merchant account already, 1 prospective customer.
This Method will insure
International (ECI), that your Website is listed in
ac- the Top Ten Website or the
processing capabilities Lower 30's or 40th position on
or lower the search result page.
Before starting any busi-
ness consult a Business Profes-
sional
a
recommend Electronic Com-
merce
which provides merchant
count
and competitive or lower
rates You will need a mer-
chant account to perform real-
time order processing.
With real-time order pro-
cessing the merchant receives
an email indicating an order
has been received.
The credit card order is
processed and the money is
captured and deposited in the
merchant' bank the merchant
does not have to process the
order manually It is all done
automatically. There are sev-
eral on-line, real-time proces-
sors.
AutorizerNet.com a
major leader in on-line, real-
time processing. If you select a
merchant account provider
other then ECI, be sure it is
Inhofe announces $1.4 Million Oklahoma
grant from The Department of Labor
Cl
are
For more information about the
OMSDC. contact Debra Ponder-
Nelson, executive director at
(405) 767-9900.
wealth should calculate their
net worth, identify financial
goals, reduce debt, invest for
the future and make tax plan-
ning a year-round strategy."
You may think heirs, oil
barons, movie moguls, soft-
wan’ giants and big-name re-
tailers are the only names on
the richest Americans' list.
I lowever, billion-dollar U.S. cit-
izens have also made their for-
tunes in niche markets like
storage, tug boats, pet food,
salsa, billboards and even mar-
riage.
Thurman reminds us the
perception of wealth varies
from person to person.
"We have clients that
speaker tor the event.
The Oklahoma Minority
Supplier Development Council
promotes working relation-
ships between major corpora-
tions and minority businesses
through a number ot outreach
programs and activities de-
signed to promote information
exchange and effective commu-
nications.
I he OMSIX is one of 39 re-
gional purchasing councils na-
tionwide, and has been
promoting minority purchasing
for more than 27 years.
I he number of certified mi-
nority businesses has grown
from 19 to 247. Corporate ex-
penditures with minority busi-
nesses have grown from $36
million to over $529 million.
From Left to Right: 1.) Rosalind Crenshaw - The Boeing Company - OMSDC Board Chair, 2.) Kevin
Ketchum - Accepting for Craig Ketchum - Red Man Pipe & Supply Co. - Class 3 Winner. 3.) dark
Bailey - SBC - Area Manager, External Affairs, 4.) Wilma Mankiller - former Principal Chief of the
Cherokee Nation, 5.) Louis Maltos - Superior Security & Investigations, Inc., — Owner - Class 2
Winner, 6.) Charles Peoples - Charles Peoples Photography - Owner - Class 1 Winner. 7.) Debra
Ponder-Nelson - OMSDC Executive Director (Contributed Photo)
Charles Peoples Photogra-
phy was the "Class 1 award
winner. Charles Peoples Pho-
tography is an African-Ameri-
can owned company based in
Oklahoma City, Okla. Charles
Peoples Photographs is owned
by C harles Peoples. This com-
pany pros ides all types of pho-
tographic sen ices
Superior Security & Inves-
tigations, Inc. was the "Class 2"
award winner. Superior Secu-
rity & Investigations, Inc. is a
I iispanic-American owned
company based in Shawnee,
Okla Superior Security & In-
vesttgations, Inc is owned bv
Louis Maltos. This company
specializes in physical security
officers, security consulting,
electronic security, security pa-
trol, and prix ate investigations.
Red Man Pipe & Supply
Co. was the "Class 3" award
winner. Red Man Pipe & Sup-
ply Co. is a Native-American
world’s wealthiest upper quar-
tile if you make $3,(XX) a year.
"The United States is a very
blest nation indeed, Thurman
said.
The OSCPA is the only
statewide professional associa-
tion of CPAs in Oklahoma with
over 6,(XX) members in public
practice, industry, government
and education.
For 85 years, the organiza-
tion has provided continuing
professional education, con-
ducted quality reviews and
sought to promote and main-
tain high standards of integrity
and competence within the ac-
counting profession in Okla-
owned company based in Tulsa.
Red Man Pipe & Supply Co. is
ow ned by Craig Ketchum. This
company provides full service,
multi-store, oilfield and indus-
trial supplies.
SBC Oklahoma, formerly
known as Southwestern Bvll
was selected as the Outstanding
Corporation of the Year. This
award recognized the OMSDC
corporate member that has dis-
tinguished itself through com-
mitment and dedication to
strengthening minority busi-
ness enterprise in Oklahoma
Clark Bailey, area manager - ex-
ternal affairs of SBC, accepted
the award on behalf of SBC.
A brief summan' and slide
presentation was given on each
of the Outstanding Minority
Businesses and the Corporation
of the Year Wilma Mankiller, an
author, activist and former prin-
cipal chief of the Cherokee Na-
tion, served as the guest
Acquiring wealth and keeping it
OKLAHOMA CITY - If
you didn't make the recently is-
sued Forbes' list of the 4(X) rich-
est Americans, you're not alone.
But just because your net worth
hasn't registered on the billion-
dollar radar doesn't mean you
shouldn't make plans today to
acquire (and keep) a healthy
nest egg.
"One of the biggest mis-
takes people make is getting
into too much credit card debt,"
said Randy Thurman, CPA,
chair of the Oklahoma Society
of CPAs Personal Financial
Planning Committee.
People wanting to acquire
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II
111
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The Oklahoma Eagle (Tulsa, Okla.), Vol. 82, No. 44, Ed. 1 Thursday, October 16, 2003, newspaper, October 16, 2003; Tulsa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1807831/m1/6/: accessed July 18, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.