Biological Prospects Exports Equithrive with KSBDC Assistance

  • By creekmoremarketing
  • 29 Jul, 2015

Biological Prospects Exports Equithrive with KSBDC Assistance

Science, not business, comes naturally to Pat Lawless, founder of   Biological Prospects , a high-tech company that produces a line of nutraceutical supplements for the equine industry.  Uncertain how to market his novel product on an international scale, Lawless contacted Gordon Garrett, associate director with the KSBDC.

Together Garrett and Lawless reviewed his product offerings and drew up a plan so he could quickly and cost effectively take “ Equithrive ” to the international equine market. “Basically, Gordon advised me to outsource everything we can. For example, manufacturers know a lot more about manufacturing a product than I do.”

By utilizing the market prowess of five large distributors, Lawless was able to move Equithrive across international boundaries in a fraction of the time it would have taken him to build and train his own sales force.

“I have implemented a similar model with numerous KSBDC clients,” Garrett said. “It takes a lot less money to get these businesses off the ground if we piggyback on the relationships distributors have already formed with retailers.”

For Biological Prospects, that partnership means moving their product to an international market in a matter of months vs. years. Today the company exports products through five major distributors, all with highly-trained sales forces that have established relationships with veterinarians across the globe. To-date, five percent of Lawless’ product is exported to Australia and Canada and Europe.

“The SBDC has been a tremendously valuable resource. I don’t know what I would have done without Gordon’s assistance. He has guided me through every step of this process.”

– Pat Lawless

Biological Prospects has plans for continued growth in the coming years with the release of several new products and a patented way to synthesize nutraceuticals more efficiently and cheaply than ever before.
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By creekmoremarketing 14 Feb, 2016

According to a recent study performed by marketsandmarkets.com, researchers believe the home security market will grow from $28,318.69 million in 2014 to $47,542.52 million by 2020. The report was titled, “ Home Security Solutions Market by Product (Electronic locks, Sensors, Cameras), Solutions (Intruder Alarm, Intercom, Access Control, Fire Protection, Integrated Security, Video Surveillance & Others), Home Type, & Geography - Global Forecast to 2020.”

The report also goes on to say that the majority of the market share will be occupied by the U.S. The global home security market has seen many changes since its inception in the ‘90s. The constant evolution of technology, and the growth of the internet, has increased the ways in which a home owner can keep their property secure.

Investors also see the home security market as profitable. Take BeON Home, for example. The company has created the first Bluetooth Smart-enabled home protection system that provides preventative security and emergency lighting. They announced on Feb. 4 that they’d received $2.9 million in capital. Jopeko, LLC led the effort, and now BeON’s total investment equals around $5 million.

The press release , which BeON released to various outlets via wire, states that they are continuing to update their products and improve them for consumer’s wants and needs.

The marketsandmarkets.com study named the following companies as the industry heavyweights. The major players in the global home security solutions market are Tyco, ASSA ABLOY, UTC Fire & Security, Honeywell International, Inc., Bosch Security Systems, Ingersoll Rand Solutions, Allegion PLC, Godrej & Boyce Manufacturing Company Limited, Control4 Corporation, Alarm.com, and Nortek Security & Control LLC.

However, an article published on BusinessInsider.com in July of last year says that while the big wigs represent more than 90% of the market, there is room for growth in self-installed and self-monitored home security. Consumers will look to build loyalty with tech companies who begin producing home security. The data came from Citi.

“Based on research projections, Citi estimates that self-installed and monitored systems will control 34% of the market in five years, with professional system slipping to 61.6%. In the longer term, 20 years from now, these numbers are projected to basically switch with self-monitored systems holding 62.5% of the market and professional services making up 31.3%,” writes Bob Bryan.

As millenials become home owners, the desire for different home security options will change, but the desire for home security will not go away.

Any way you look at it, home security is a profitable small business venture, with projected growth for many years to come 

Author : Aaron Gilley, Owner of Security Essentials of Lexington


By Robbi Meisel 16 Dec, 2015
LEXINGTON, Ky., (Dec. 7, 2015) –The Kentucky Small Business Development Center recognized its staff members for their achievements at the annual fall conference held at The Campbell House.

KSBDC state director Becky Naugle presented the year’s biggest awards. Top honors went to the University of Kentucky center at Elizabethtown, named 2015 Center of the Year. This award is bestowed upon the Small Business Development Center posting the highest results based on the annual goals.

The Morehead District SBDC received the Spirit Award for 2015. This award recognizes the center that demonstrated the SBDC spirit of service to the network and clients during the year.

The Northern Kentucky University center was awarded the Michael Rodriguez Traveling Trophy to acknowledge the largest goal increase achievement during the final six months of the fiscal year.

Lois Decker, of the Owensboro SBDC, was named 2015 Team Player of the Year for exhibiting extraordinary leadership and willingness to assist others. During her tenure, Decker has gone above and beyond in upholding the KSBDC’s mission of creating economic growth and aiding others in achieving success.

Tamela Darnell, of Murray State University SBDC was named 2015 Administration Person of the Year. Darnell was recognized for her diligent work on behalf of clients and fellow co-workers.

David Stevens, of the central office, was recognized as the 2015 Sutton Landry State Star. This honor is presented to an individual who is considered an example of excellence, makes a significant contribution to their center’s program and exhibits dedication to assisting small businesses.

Marge Berge, of the UK Central Office SBDC, was presented the first KSBDC Lifetime Achievement Award in recognition of her 32 years of exemplary service and dedication to the betterment of the organization as a whole.

In addition, 11 staff members were inducted into the exclusive Kentucky Small Business Development Center Million Dollar Loan Club. This honor is reserved for management consultants who help business clientele secure $1 million or more in loans to start, expand or purchase their companies. Statewide, KSBDC consultants aided entrepreneurs with more than $32 million in loans during the 2014-2015 fiscal year.

The 2015 inductees were:
Fausto Sarmiento, UK Bluegrass SBDC
Steve Heil and Patricia Krausman, UK Elizabethtown SBDC
David Oetken and Toni Sears, UK Louisville SBDC
Kim Jenkins and Mark Murphy, Morehead SBDC
Lois Decker and Chris Wooldridge, Murray SBDC
Rebecca Volpe, NKU SBDC
Miller Slaughter, Western Kentucky University SBDC
Gordon Garrett, UK SBDC Central office

KSBDC presented 11 staff members with service awards. Five years of service recipients were: Becky Marefat, UK Bluegrass SBDC; Vallorie Henderson and David Oetken, UK Louisville SBDC; and Miller Slaughter, WKU SBDC. Marking 10 years of service were Shirie Hawkins, UK Bluegrass SBDC; Gordon Garrett, UK Central Office SBDC, and Janet Flaugh and Toni Sears, UK Louisville SBDC. Celebrating 15 years were Dee Dee Harbut, UK Central Office SBDC and John Preston, Eastern Kentucky University SBDC. Hitting the 30-year milestone was Mike Morley from the Morehead State University at Pikeville SBDC.

Dee Dee Harbut, director of the Kentucky Procurement Technical Assistance Center, presented the first annual Three Cheers award to Debbie McKnight. This award is chosen by the clients to recognize a consultant’s hard work with government contracting assistance.

“The impact of KSBDC staff’s hard work reaches every county in Kentucky. I am so proud of the contribution SBDC and PTAC staffs make to our ‘Common Wealth,’ and it is an honor to recognize their accomplishments,” Naugle said.

The Kentucky Small Business Development Center, part of the UK College of Agriculture, Food and Environment, is a network of 17 offices located throughout the state that helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. The KSBDC is a partner program with the U.S. Small Business Administration. For more information on KSBDC services, visit their website, http://www.ksbdc.org/ .

Photo provided by the Kentucky Small Business Development Center –2015 KSBDC Lifetime Achievement Award winner Marge Berge with state director, Becky Naugle. ©KSBDC

UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.
By Robbi Meisel 22 Sep, 2015
LEXINGTON, Ky., (Sept. 22, 2015) –The Kentucky Small Business Development Center announced David Stevens, principal accountant, as the recipient of the 2015 Sutton Landry State Star for Kentucky. Stevens was recognized at a private reception during the recent America’s SBDC Conference in San Francisco.

The America’s SBDC honors a state star from each SBDC annually. The award is presented to an individual who is considered an example of excellence, makes a significant contribution to their center’s program and exhibits dedication to assisting small businesses.

“I was honored to accept the state star award at the ASBDC annual conference. I want to give special thanks to our State Director, Becky Naugle, for giving me this wonderful award and opportunity,” Stevens said. “In addition to receiving the award I was given a special tour of Silicon Valley visiting Intuit, Google and Facebook. It was a very educational opportunity which I will never forget.”

Naugle said, “This award is a wonderful way to honor David’s dedication and exemplary service to the small business community and KSBDC.”

Stevens began working at the University of Kentucky in 1980 and joined the KSBDC as the principal accountant in 1989. He is a UK graduate with a Bachelor of Science degree in accounting.

His dedication to crunching the numbers, proposal preparation and superb budgeting has contributed to the many successes the organization has realized over the past three decades. During his tenure, the network of Kentucky SBDC offices has been noted for extraordinary work, receiving statewide recognition for performance and productivity.

The Kentucky Small Business Development Center, part of the UK College of Agriculture, Food and Environment, is a network of 15 offices located throughout the state that helps existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. KSBDC is a partner program with the U.S. Small Business Administration. For more information on KSBDC services, visit their website, http://www.ksbdc.org/ .

Photo provided by the Kentucky Small Business Development Center - 2015 State Star Award winners at ASBDC Conference in San Francisco, CA ©KSBDC

UK College of Agriculture, Food and Environment, through its land-grant mission, reaches across the commonwealth with teaching, research and extension to enhance the lives of Kentuckians.
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