Development Authority adds business coach

[cleeng_content id="810107123" description="Read it now!" price="0.49" t="article"]KEARNEYSVILLE – A business coach has been hired to help the Eastern Panhandle’s entrepreneurs and small businesses shore up their finances and expand.

Tom Halverstadt began working with businesses last week, teaching them the keys that helped him succeed in the business world.

“I’m in a good position to help small businesses in Jefferson County quantify the future they envision for themselves and set goals to achieve it.” – Tom Halverstadt

“I’m in a good position to help small businesses in Jefferson County quantify the future they envision for themselves and set goals to achieve it.”
– Tom Halverstadt

Halverstadt spent the last three years doing business coaching as president of a private consulting firm. Prior to that he worked for 10 years as a senior vice president with a real estate company and for five years as president and chief financial officer of Public Services Inc., the country’s largest provider of 911 systems.

He also worked for a decade as a certified public accountant with Deloitte, one of the largest accounting firms in the world.

“I have operated in a lot of different industries, and given my financial background and my operational experience, I can bring a combination of help with finances and operations that is probably more extensive than you would normally find,” he said.

Halverstadt will offer his services thanks to funding from the West Virginia Small Business Development Center obtained by the Jefferson County Development Authority.

His combined experience in management and finance leaves him with a unique set of skills he can offer to local entrepreneurs.

“I’m in a good position to help small businesses in Jefferson County quantify the future they envision for themselves and set goals to achieve it,” he said.

He says he will focus on two areas in particular.

“Most businesses that are trying to grow need to address two areas,” he says. “The first is their finances, in the context of their financial position. Are they able to understand the financial numbers that are generated by their business?

“The other piece is sales and marketing. How to sell the product, distribute the product, market the product, brand the product.”

Businesses interested in Halverstadt’s advice should contact the Development Authority.

“Tom has an in-depth understanding of business strategy, financial planning and operations management, all of which are key elements in business growth and expansion,” said John Reisenweber, executive director of the JCDA. “We are confident that his expertise and experience will translate into a significant positive economic impact on the region. We are grateful to the SBDC for recognizing the thriving business community in Jefferson County and for its commitment to serving its needs.”

Halverstadt’s services are funded, as are similar positions in other areas of the state, by the state Business Development Center.

“The WVSBDC partners with key economic development organizations with an entrepreneurship focus across the state to establish and staff an effective business coaching network throughout West Virginia,” said Kristina Oliver, state director of the WVSBDC.

Halverstadt will speak April 3 at the Eastern Panhandle Entrepreneurs Forum at the Inn at Charles Town. The event is free and open to the public.

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