Wooden Spoon

The Wooden Spoon

The Wooden Spoon: Feeding the body and nourishing the soul

Received a $50,000 small business loan.

https://thewoodenspoonrva.com/

Yvette Daniel opened The Wooden Spoon in Richmond in 2018, motivated by one unflinching principle: to provide cuisine that was as healthy and nourishing for her customers as it was tasty.

“When you feed the body, you nourish the soul,” Yvette explains. “All of the food here is made from high-quality, organic ingredients — all of it. I grew up in Spain, and food there is all about being authentic and clean and is made from very good, quality ingredients. Everything is made from scratch. It’s a lot of work, but it’s a labor of love.” For Yvette, that includes everything from imported Spanish olive oil and butter, to locally sourced meat and organic eggs from free-range Virginia farms. While these ingredients are the hallmark of The Wooden Spoon’s unique cuisine, they aren’t cheap.

Early on, as a fledgling small business committed to quality, The Wooden Spoon struggled to keep up with expenses. That’s when Yvette got in touch with the Capital Region SBDC, and her advisor, Rodney Williams, scheduled a site visit.

“I ended up writing Rodney at the SBDC, asking how they could help, and he wrote back saying that he was at my restaurant two weeks ago and it was amazing,” Yvette says. “He came in, we met, and he helped me with everything. He very quickly got me approved for a small business loan of $50,000, which helped a lot.”

That loan provided Yvette with the capital to keep The Wooden Spoon afloat in its early days while also allowing her to maintain her commitment to providing fresh, high-quality meals. “The small loan was amazing,” she adds. “It helped me cover some very important expenses I had, so I was super grateful for that grant.”

Now, more than three years after opening, The Wooden Spoon has built a loyal customer base, which Yvette believes is heavily influenced by her restaurant’s emphasis on quality over quantity and the sanctity of a good meal shared among friends and family.

“I teach my staff to learn our customers’ names. We don’t rush people,” she explains. “Our customers can stay as long as they want. I don’t want to turn over tables; I want people to enjoy themselves.” As word gets around about Yvette’s health-focused cooking, more people can do just that at The Wooden Spoon.

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ClaimEdge

ClaimEdge

Software company gets its start with ICAP

Received a $50,000 grant from the NSF

www.claimedge.co

As an insurance defense attorney for 35 years, James Chapman saw the need for a litigation management tool to enable faster and less expensive resolutions of lawsuits. In 2018, he launched a company to provide that tool. One of his first moves was to contact the Hampton Roads SBDC. Three years later, James is glad he did.

“In 2018, I was interested in what tools were out there to help us grow a business,” he explains. “Through the SBDC, we had an opportunity to get involved in a cohort through the Innovation Commercialization Assistance Program (ICAP).” Backed by the Virginia SBDC Network, ICAP helps Virginia’s entrepreneurs maximize the potential of their technology startups. “I applied for ICAP through the Hampton Roads SBDC,” James adds. “I worked with Bob Smith and, later, Josh Green.”

The ICAP cohort met weekly. “ICAP focused on the concept of customer discovery — figuring out who customers were and deciding what ideas would appeal to them,” James explains. “During each weekly class, we reported on our customer discovery and how we could use that information.” After the first month, ICAP classes moved online. “ICAP continued to provide support for each business following the cohort,” James adds.

When they received a $50,000 grant from the National Science Foundation (NSF), the company continued their customer discovery journey with I-Corps. Created in 2011 by NSF, I-Corps helps entrepreneurs with promising ideas and technologies move from the laboratory into the marketplace. “It was through ICAP that we learned about I-Corps,” James says.

In 2020, the company was one of five selected for an accelerator program. “During the accelerator program, and in spite of the COVID environment, we were able to build out our software,” James reports.

Now in 2021, three years after making a connection with the SBDC, their software product, ClaimEdge, is in pilot testing with a major insurance company. “The SBDC’s ICAP program was a great way to get our business started,” James says.

James continues to keep in touch with ICAP, sitting in on monthly meetings four or five times a year. “I absolutely recommend the SBDC,” James concludes. “With the SBDC, you have a whole team that’s ready to help you out.”

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P360

Proctor360

Proctor360 makes virtual testing real

Proctor360 have experienced very significant growth.

https://proctor360.com/

Long before the COVID pandemic forced virtual learning to become a reality for students across the nation, Ganga Bathula and Kranthi Bathula were making plans to enter the online testing market, an estimated $1,34 billion industry by 2027. Both Founder/CEO Ganga Bathula and CTO Kranthi Bathula were industry veterans with successful backgrounds in live testing centers and wanted to bring that expertise to remote testing.

Their company, Proctor360, brings novel technology to the market, which includes headset that incorporates a 360-degree camera, speaker, and microphone. The result is a complete view of the testing environment for proctoring – a game changer. “We saw early on that a transition to remote testing was underway,” Kranthi says. “We developed what the market needed to further its growth.”

Going to the Mason SBDC, as Kranthi put it, was a no-brainer. “One of Proctor360’s offices is right next to the Mason SBDC,” he adds. Ganga and Kranthi met with Mason SBDC Senior Business Counselor George Siragusa.

“We spent most of 2018 planning,” Kranthi continues. “George advised us on the decisions we had to make. He also helped us explore different avenues of funding.” George connected the Proctor360 planners with the SBDC’s Innovation Commercialization Assistance Program (ICAP). “ICAP helped us in performing a market study, talking directly to our customers,” Kranthi says. “That feedback was especially helpful.”

In February 2019, Proctor360 held a soft launch to demonstrate its patent-pending technology at the Mason Enterprise Center in Fairfax. “Our 360 total-view system is unique to us,” Kranthi says. “Students don’t have to leave their house — they can just log on to the computer and take their exams from anywhere.”

Proctor360 caters to colleges and universities, as well as training and certification companies.
The company currently has 10+ employees spread across the US. Kranthi credits the SBDC for aiding in Proctor360’s success. “Since we started working with the SBDC, our business growth has been over 600 percent,” Kranthi notes.

“The SBDC is well established,” Kranthi concludes. “They can bring in the right person to help with a specific business need. That gives company owners a great deal of confidence.”

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CTN

Caroline Thomason Nutrition Consulting

Nutrition coach uses new business model for the win

Sales increased from a low six-figure to high seven-figure range in five months.

www.carolinethomason.com

On a whim, Caroline Thomason called the Shenandoah Valley SBDC last year. Today, she’s operating a nutrition coaching practice in the five-figure range. “On paper, all the odds were against starting a business during the pandemic,” Caroline admits.

She decided to do it anyway. “Somehow I just knew the time was right,” she adds. “I’d always wanted my own business. My plan was to go full-fledged into private practice with nutrition coaching.”

Caroline called the Shenandoah SBDC, and Business Analyst Don Crawford returned her call the same day. “We’ve been talking every other week since then,” Caroline says.

Early on, Caroline learned not to follow her inclination to jump the gun. “From the start, Don hit home by emphasizing the importance of having an organized financial plan,” Caroline says. “He helped me lay the foundation for the systems I use in my business today.”

Starting a business during the pandemic, Caroline notes, did have one advantage: telehealth. “Virtual visits were very accepted at that time, which was amazing for me,” she marvels.

Caroline began by developing a plan she believes helped her business grow so quickly. “I started doing memberships — like monthly gym memberships,” Caroline explains. “That gave my clients a more personalized service, and it was more flexible for all of us.”

It was, in Caroline’s words, “a huge hit.”

“Don and I crafted the membership plan together,” Caroline relates. “The SBDC helped me understand the membership model and how it was used in other industries. With the SBDC’s help, I was able to grow my business from a low six-figure to a high seven-figure range in five months.”

“I really think the SBDC’s help with my membership plan allowed the business to take off so fast,” Caroline says. “I was able to leave my full-time job after five months.”

Caroline is happy to recommend the SBDC to others considering a business venture, and plans to continue her relationship with them for the foreseeable future. “I feel like Don Crawford at the SBDC is my best friend,” Caroline concludes. “The SBDC has been with me from the beginning; just knowing they are there is extremely comforting.”

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