Month: January 2018

2018 Employee Tax Reform Information

With the new tax reform, comes new tax tables for employees. Employers should begin using the new tax withholdings as soon as possible, but no later than February 15, 2018. Although you are not required to have employees fill out a new W-4, you should consider letting the employee know that their taxes might change and therefore their paycheck may be affected. If they would like to change their withholding information, have them fill out a new W-4. The 2018 W-4 has not been released by the Internal Revenue Service (IRS). 

As a reminder: Employers should not provide tax advice to employees. Let the employee know that they should talk to a tax professional if they are unsure what they should withhold. 
Additional information about the new tax tables can be found here:
These helpful tips provided by Nikki Larchar, Co-Founder & HR Business Partner, simplyHR

Consultant Spotlight – Sari Kimbell

Each month we will be featuring one of our consultants in the Consultant Spotlight. This will be an opportunity for you to get to know a little more about our consultants and how special they are to the Larimer SBDC, our clients and the community. Along with a short background bio on each consultant, we will also ask each of them our 5 Questions that give insight to their particular industry, experience or personal interests. 

This month, we turn the spotlight on Sari Kimbell, Founder & CEO of Cultivate. Sari is one of our newest consultants and she specializes in the food and restaurant industry, as well as being a business owner herself.

Sari Kimbell brings over 20 years of experience in the food industry to the SBDC to work with food-related businesses including value-added product makers, growers and service-based establishments such as restaurants, food trucks and caterers looking to start or expand their business.  Her experience in farming, purchasing, wholesale, grocery retail, restaurant front and back of the house, starting her own food business and managing a commissary kitchen gives her an understanding of the food industry as a whole. Sari is knowledgeable and experienced in supply chain management, licenses, certifications, profitability, retail and wholesale distribution, packaging, e-commerce, marketing, branding, and sales strategies. 
 
Sari has combined her passion for the food industry with her marketing, event planning and graphic design skills to create a unique niche for her own consulting company working with startups, established businesses and non-profits.  Her passion is working with food business start-ups, helping them navigate the business development cycle to launch successfully and business ready to grow and take their business to the next level.

5 Questions for Sari Kimbell:

1) What’s new with you?  I am thrilled to be a key part of Fort Collins Start Up Week as the content captain, in collaboration with the Northern Colorado Food Cluster, for the food track sessions.  I have been busy pulling together great panelists for session, fine-tuning my own presentation on growing a food business and organizing 10 food pop-ups throughout the week.   

2) Thoughts on the food/restaurant industry for 2018?  2018 will bring some big legislative changes for restaurants around food safety and food labeling changes for value-added food products.  Aside from this, the future is bright for food businesses.  Customers continue to want more transparency in their food whether it is local or non-processed, from scratch ingredients or menu options and they are willing to pay for it. Understanding your market and setting yourself apart with a defensibly unique stance is key to capturing sales in the food and restaurant industries.

3) What do you enjoy most about consulting?  It is so rewarding to see growth over time.  Some clients make leaps and bounds in weeks or months and some are on a slower timeline.  Neither is better or worse, it is forward progress that is important.  I love seeing many of my clients out in social settings, because food is social, and hearing the latest update.  We are so fortunate to have a thriving local food scene and I am honored to be a part of it.

4) Favorite restaurants in Ft. Collins?  Right now I am really loving Emporium in The Elizabeth Hotel.  I love that they have duck liver mousse and a lardon salad.  I lived in Paris for six months and the menu and decor bring me back to lazy afternoons spent in brasseries.  You also can’t beat the view or cocktails after dinner upstairs in the Sunset Lounge with Mark Sloniker playing Jazz in the background.    

5) One piece of advice for anyone looking to start a new food/restaurant business? As I said before, know your target market inside and out and be able to defend your unique selling point.  If you are going to start a salsa company, which I don’t recommend, it has to stand out as different enough that people just have to try in an over-saturated market.  Also, this is connected, people like to try new things in small doses, so help ease them into your unique product or menu by relating it to something they know. Don’t afraid to step out of the norm a little bit, but no so much that it is way outside of people’s comfort zones; only 10% of the population are early adopters and a food business will need more than that to make it.  For example, don’t start a restaurant with the craziest trend in Korean street food like edible insects.  Instead introduce one menu item that incorporates an element of that trend that is relateable. That said, when you can coax customers into trying something new, they LOVE to Instagram, Facebook, SnapChat and tell others about the great new cricket meatballs they just ate. Finding the balance is not an easy task, but it is achievable. 


Find out more about Sari Kimbell and her mission at Cultivate



Peggy Lyle – 2017 Consultant of the Year

Peggy Lyle receives the Consultant of the Year Award from Mike O’Connell, Larimer SBDC Director
Peggy Lyle was presented with the award for 2017 Consultant of the Year for the Larimer SBDC at an Innosphere event held in December.  She is the director of Downtown Fort Collins Creative District and is heavily involved with ArtUpWeek, which is a part of 2018 StartUpWeek Fort Collins.  Peggy started as an SBDC consultant about 1½ years ago as a creative consultant and she has been a huge asset to the SBDC and the creative clients she works with since that time.
The terminology used in the business world does not always resonate with creative entrepreneurs.  Peggy translates business strategy into language and actionable items the creative business owners can successfully implement.  She is especially good with helping creatives with their branding, marketing and promotion of their business.  Peggy is an adventurer, a connector and an idea creator.  And this essence of who Peggy is, engages her with her creative clients making a lasting impact.
In addition to the one-on-one consulting, Peggy is also our creative champion for helping organize, promote and implement our industry specific events for the creative community. She describes herself as passionate and energized to work on projects that benefit the larger community.
  
With her great energy, passion and dedication, there is no doubt that we will successfully and easily have several great, well-attended creative events in 2018. Thank you, Peggy, for who you are and everything you do!

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