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Success Stories

Pateros Creek Brewery

When Steve Jones of Pateros Creek Brewery began the journey to turn his passion for brewing beer into a business, he may not have predicted just how long that trip might take. Much like a raft trip down Pateros Creek – an early name for the Cache la Poudre River – the route from concept to selling beer had a few obstacles in store.

After trade marking a business name and announcing it, another local business expressed concern about possible confusion with a similar, long-used and unprotected name. Out of respect, Jones held a contest asking supporters for naming suggestions. A local craft beer drinker, Josh Ritter, submitted Pateros Creek

Jones drafted a business plan and took that to the SBDC. “They really opened my eyes – it was not what it needed to be” Jones notes. “It needed a lot more substance, especially when it came to my financial projections.”

Under the guidance of an SBDC counselor and the business plan writing class, Jones’ plan went from four pages to 24 through several rounds of revisions. “Our counselor really asked the tough questions. If you believe in your idea, he expects you to back it up. That really helped in creating the plan, and it was great preparation for talking to investors. I’m still amazed at how many businesses start without a plan.”

Despite the preparation and advice, raising the first round of capital was challenging. Jones found it hard to convince prospects that the numbers of beer lovers in northern Colorado would generate the demand needed to support the brewery; but as word got out about what he was up to, financing fell into place.

With the business plan complete, a new name in place, and investors on board, Jones purchased brewing equipment and leased space from another craft brewer and set up a contract brewing agreement. Initial efforts focused on the basics – creating great beer, selling kegs, building cash flow, and purchasing ingredients for the next batch to be brewed.

Meanwhile, Jones, his wife, Cathy, and dad, Bob, were scouting locations to open their own brewing facility and tasting room. They found a spot in Old Town Fort Collins in late 2010 that needed some TLC, and worked for six months to prepare the space for their June opening. “Our location, along College Avenue and near Old Town Square, is great. We really benefit from all the existing foot traffic in the area.”

Pateros Creek is seeing better than projected financial results, and is now ramping up its brewing volume. The Jones family, along with friends and investors, are selling kegs, growlers and pints of five different brews. They’re waiting on additional fermenting tanks to arrive, and looking forward to hiring full-time employees next year, expanding, and starting to can their beer. Pateros Creek beers can be found on 12 taps at nine area bars and restaurants, which also draws people to the tasting room.

“We just wanted to create a great place to go, hang out, and drink quality beer, and the SBDC helped us bring our vision to life.”

Avid Product Development

Consulting businesses are often lonely endeavors, constrained by the experience, capacity, and moxie of the owner. When opportunity knocks – in the guise of new technologies, more customers, or economic expansion – many consultants choke, not willing to do what’s necessary to grow. When Doug Collins, owner of Loveland’s Avid Product Development reached that point, it was the opportunities new 3D Printing technology offered that crystalized the dilemma. “I had a good clientele, a good

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Equine Veterinary Services

Stephanie Brault’s passion is working with horses. Providing them with the highest quality veterinary care has been her profession since 1988. After more than 10 years of working in academic veterinary medicine at the University of California Davis and most recently at Colorado State University, Stephanie purchased a private veterinary business in July of this year. While Stephanie is an expert in the field of veterinary medicine, she had no business experience prior to purchasing

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Jimena Peck Photography

Jimena Peck is a native of Argentina, who has built a vibrant photography business. “I do mostly editorial work that helps tell a story. I also do food photography and portraits. My style is clean, simple, and especially features natural light. I sometimes travel to remote sites for the project.” After earning a Journalism degree in Argentina, she moved to Holland and began doing photo shoots for the digital marketing platform of a specialized shopkeepers

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HomeCare of the Rockies

Sandi McCann of Longmont found that when she provided caregiving for her stepmother, she wanted the same kind of meaningful work in her professional life. Sandi had been a marketer for 27 years and was tired of the career, so she launched her own business. She and her younger sister, Maureen, who also desired a career change, started HomeCare of the Rockies, Inc., in April 2012. She is president and chief executive officer and a

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Wordsmith Wood Shop

Loveland area couple Gib and Lisa Coalwell made a few wooden boxes decorated with sayings but a large order put a toll on their small laser engraver. The owners of Wordsmith Wood Shop needed to hire staff, get three more engravers and quickly learn manufacturing on a large scale. The couple blends handcrafted wood and engraved words to create heirloom boxes, bookmarks, recipe cards, coasters, magnets and cutting boards for their wholesale, retail and individual

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Spidertrax Off-Road

Thom Kingston helped start Loveland-based Spidertrax Off-Road not in a garage like some startups but in a fully equipped shop at the New Jersey Institute of Technology. In 1999, Kingston and his former partner and co-founder, Eddie Casanueva, initially snuck into the school after-hours to develop and manufacture parts for the off-road industry until they got official approval and could work during the daytime. “We were manufacturing all of our parts, using the tools of

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