December 2016
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Five Reasons to Have a Succession Plan
By Mikayla Wahl, UNI Business and Community Services

Working to grow and maintain a business is undeniably challenging. Juggling customer and employee needs, dealing with business operations, and remaining profitable are enough to keep any small business owner on their toes. But what happens after you put in the work to make your business a success? What happens when you are ready to retire or move on? Who takes over if something happens to you or your partners? Have you conveyed your long-term wishes and goals for the business?


Resource Provider Highlight
How to Create a Business Succession Plan
By Lindsey Buchheit on behalf of the Iowa SBDC

Business owners are well advised to begin creating a business succession plan as soon as possible.  Even if a business owner doesn’t plan to transfer his/her business for many years, the plan should still be in place in case something unexpected arises.  That said, picking up the pen and actually creating the succession plan can be very daunting for even the most sophisticated business owners.

Entrepreneur Spotlight
Becoming an Entrepreneur - Interview with David Ballheim
By Joe Bolick, UNI Business and Community Services
I spent my first four years after graduating from UNI working in the advertising industry with a small marketing firm that specialized in automotive advertising.  When the global financial crisis hit, the automotive industry tanked and so did the small business I had worked for.  Finance had always interested me so I pursued a new career with Wells Fargo Financial.  Although I enjoyed my time at WFF, my ability to manage the full financial scope of client needs was limited.
Stay Up-To-Date on Regulations
Fair Labor Standards Act Changes Blocked
Lea Hensel, UNI Business and Community Services

As many of you probably already planned for, today was to be the date the new changes to the Fair Labor Standards Act would go into effect. However, the lawsuit that was filed in September by 21 states, including Iowa, went before a Texas judge last week. At the end of the day on Tuesday, breaking news hit the internet.

Register for an upcoming webinar or watch more videos in our video archive!
Electronic Submission of W-2s & 1099s
Join us in this webinar for information about Iowa requirements for the electronic submission of W-2s and 1099s to the Iowa Department of Revenue. Register now to take part in this interactive webinar series. 
December 14th | Noon-1pm
Find these and other events at

December 1
Surge Summit
Des Moines, IA

December 2-4
Startup Weekend
Cedar Falls, IA

December 7
An Entrepreneurial Forum
Cedar Rapids, IA

December 7
Lender Matchmaking Fair for Entrepreneurs
Des Moines, IA

December 8
Sucessful Bid Proposal

Huxley, IA

December 10
Incubator Roundtable
West Des Moines, IA

December 12
Entrepreneur Readiness Assessment (ERA)
Des Moines, IA
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