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Petrick continued from page 12 in developing a business plan. We discussed equity and debt mix and when time came to apply for an acquisition loan, multiple lenders were considered for the project. Eli received attractive options for six-figure term loans and he selected the best one. Business Partner Starting New Practice Dr. S was a successful chiropractor in a two-provider practice. She wished to be sole owner and broke off from the partnership to start her own practice in a new location. We started with an organized search for leased or purchased space; she successfully navigated the commercial real estate market to find a location in an area our research study indicated was “underserved”. She is doing well in gross revenue and has cut back to a partial workweek, so she can act more as practice manager.

Selecting an Advisor Write down your key needs or “pain points”. Create a timeline and budget. Then, ask for referrals and research providers. Interview each and ask for background and references. Lastly, be prepared to contribute to the process (after all, you are the expert in your business). Get down to work following the plan you develop, and evaluate your progress as you go. This article was prepared by Jerry Petrick, MBA, CGBP, and Certified Business Advisor with the Washington State University Small Business Development Center (SBDC) in Longview (with input from John Rodenberg, CBA Tacoma SBDC). Jerry provides no-cost, confidential business advisory services by appointment. He can be reached via email jerry.petrick@wsbdc.org

EstatE Planning & EldEr law

Attorney Michael Claxton Licensed in WA & OR

Attorney Brian Brault LL.M. in Taxation

WALSTEAD MERTSCHING AT TO R N E Y S AT L AW

Walstead Mertsching provides advice and a variety of estate planning services, including: • Asset Protection • Community Property Agreements • Durable Powers of Attorney • Guardianships • Healthcare Directives/Living Wills • Medicaid and Long-Term Care Issues • Probate • Tax and Retirement Planning • Wills • Will Contests

A Full Service Civil Law Firm for over 90 Years CIVIC CENTER BUILDING, 3RD FLOOR 1700 HUDSON ST., LONGVIEW, WA

(360) 423-5220 Longview www.walstead.com October 2017 | Kelso Longview Business Connection | 13

October 2017 Business Connections  
October 2017 Business Connections  

Newsletter of the Kelso Longview Chamber of Commerce