October 05, 2005

LEWISBURG, Pa. — The Small Business Development Center (SBDC) at Bucknell University will offer two workshops with Bob McCormack, president of Murphy McCormack Business Group, on Wednesday, Oct. 19, in the SBDC Business Education Center, located at 434 Market St., Room 207, Lewisburg.

The first workshop, "Financing Your New Small Business," will be held from 8 to 10:30 a.m. Topics to be covered include general funding purposes, getting prepared, business planning, funding alternatives, and common mistakes.

The second workshop, "Succession Planning," will be held from 10:30 a.m. to 12:30 p.m. Topics to be covered include the `tragedy' that befalls small businesses, transfer options, business valuation, advantages and disadvantages of selling to family, management or a third party, and 10 key questions for the privately held business owner.

The cost for each workshop is $30. Seating is limited and registration is required: call 570-577-1249, email SBDC@bucknell.edu, or online at http://www.bucknell.edu/SBDC/

McCormack has more than 20 years' financial services experience. A former CEO of a regional community financial services company with experience in buying and selling businesses, he is familiar with the SBA and the USDA guaranteed loan programs, state economic development financing programs, bond issues and mezzanine financing solutions. A graduate of Alvernia College, he holds numerous financial certifications. He serves on the boards of Junior Achievement, Ecopa, Alvernia College, Bethesda Day Treatment Centers, Willow Grove Bank, and Union City IDA.

The Bucknell SBDC provides free small business consulting services to residents of Juniata, Montour, Northumberland, Perry, Snyder and Union counties. To request free business consulting services, complete the online request at http://www.bucknell.edu/SBDC/

Created in 1978, the Bucknell SBDC is one of the first SBDC centers in the country and serves as an educational research resource for small businesses. In addition to SBDC staff consultants, Bucknell faculty, staff and student interns assist small business owners with enhancing their knowledge of business management through individual consultations, seminars, and pre-business workshops.

Areas of assistance provided by the SBDC include accounting and record keeping, business startup procedures, business plan development, financial analysis, marketing and sales, human resource management, product development, OSHA requirements, and environmental management.

With the exception of seminars, the counseling services provided by the SBDC are free. Funding is received from the U.S. Small Business Administration, the Commonwealth of Pennsylvania and Bucknell University.

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