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Ketchum, Idaho ( KMVT-TV / KSVT-TV ) - Sun Valley Economic Development held its quarterly economic forum on Wednesday at Whiskey Jacques in Ketchum. Local business owners, banks, and several politicians attended the event.
The forum included an economic update and finance panel called, “Where’s the Money.” Well, where is the money? According to the panel, to better prepare for bank loans, small business owners need to be proactive. Tricks for getting approval include having a solid business plan, keeping good books and accounting, and demonstrating cash flow.
Want to be the next Mark Zuckerberg? Venture capitalist, Rick LeFaivre has invested in numerous small businesses and says he looks for something called the entrepreneurial spark. He says it’s hard to explain, but you know it when you see it.
“We offer a unique value proposition, whether it’s you want support in terms of understanding what can make you more competitive, you want an opportunity to learn and expand your skills and your knowledge, or you want a forum to basically to try to influence policy,” said Sun Valley Economic Development’s Executive Director, Harry Griffith.
Sun Valley Economic Development is holding its Third Annual Economic Summit on Wednesday, October 8th at the Sun Valley Resort. For more information, visit their website, http://sunvalleyeconomy.org.