Six Degrees Coffee Service & Distribution

Elizabeth Goldblatt and Amy Louis

           Elizabeth came from an entrepreneurial family. Her father and mother had owned their own businesses and she saw how that unique framework brought them a sense of pride and accomplishment. Amy, on the other hand, was initially against owning her own business. While she was keenly aware of the benefits, she also knew it was both inherently risky and extraordinarily stressful. In 2002, both women were confident that their business model was a solid one, their experience was a great foundation and that their passion and resultant entrepreneurial spirit would result in a continually growing enterprise.

            Both women believe that all of your experiences, both positive and negative, help to form the individual that you become. Elizabeth and Amy both started off in the financial industry, and while that was a promising and lucrative career path, I did not fulfill either’s career objectives and values. Elizabeth went on to work in a human resource capacity and then became a project coordinator at a family owned small business. Many aspects of those two positions have influenced Elizabeth in her capacity at Six Degrees. Amy subsequently entered the coffee industry. She obtained an entry-level position at Peet's Coffee & Tea. Peet's was a pioneer in the specialty coffee industry and Amy completed their Management Trainee program and went on to manage stores and be instrumental in opening new locations. Amy developed her sales acumen and consistently had a high sales ratio in her stores.

            Both are from the San Francisco Bay Area and enjoyed living there immensely. After living in the heart of San Francisco for over a decade, they were looking for a home and environment to raise a family. Amy attended Chico State and Elizabeth had visited the charming town many times. They ran into a college friend and coincidently sparked a conversation about raising a family in Chico. Both women reflected on the town's attributes and went up for a visit. It became apparent that moving to Chico was a better choice than finding an overpriced home in the Bay Area that would not allow them to be more present for a family.

            Having a business in Chico has been an extraordinary gift. It is a vibrant community with so many advantages. The town has provided a wealth of resources both in business and socially to thrive and enjoy their surroundings. They found that there was a real need for their services when they started in 2002 and continue to feel as though they have raised the bar of quality coffee and helped to illustrate how businesses and individuals can work together to achieve their desired goals. Good or bad, they enjoy making all the decisions about our business.

            The future looks very promising for the business. The core product (aside from education and customer service) is coffee. As a beverage and a commodity, it is a consumer staple. The three divisions of Six Degrees namely, wholesale, service and grocery, are all viable entities. Determining the magnitude and growth of each division is the crucial component of operations. At this juncture, the best way to describe the strategic plan for each is "controlled growth."

            In 2010 they found themselves in need of an increased sales force as well as a growing grocery and service division. 3Core had come highly recommended by business leaders in the community that they deeply respect. “We set up a meeting with Patty Hess and familiarized her with our operations. Throughout the coming eighteen months, it was clear that not only would be adding one and possibly two employees, but also would need an additional truck or two. We determined what capital that expansion require and calculated a loan package that would cover the expenses.

            3Core was instrumental in bringing our company to the next level. The staff's expertise, insight and certainly providing the capital we needed was imperative to achieve the controlled growth we desired. We have returned a majority of the capital borrowed and I am certain as we continue to analyze our prospects for growth, 3Core will continue to be a valued partner in our future.”

            As owners of the business and as a commercial entity, Elizabeth and Amy not only can give back to the community but also is a part of the company's mission. Without contributions of businesses and employees, a city cannot accomplish it's goals and remain a desirable to live. Amy, Elizabeth and the team at Six Degrees contribute to the North State by donating baskets for fundraisers, giving coffee and other beverages for community events and speaking at various organizations functions. Amy is involved with Soroptomists International of Chico. Both owners feel that each employee has their own favorite causes and organizations and they encourage the team at Six Degrees to support each other's events. Amy and Elizabeth are also involved in various trade and professional organizations and events in their industry. This translates to the customer, the community and the coffee industry as a whole.

            A challenge with starting your own business is the uncertainty that comes with a new venture. However, they felt that there was a definite need for their services in this area so they were confident that it would continue to grow. Some uncertainty always plays into a business. That is always a concern but with a more mature business and more resources, that worry is diminished. While capital investment and properly balancing product purchases with cash flow can often be a concern for a new business, their initial investment was very minimal.   

            Six Degrees is close to its 11^th year of operation, for which Elizabeth and Amy are thrilled. They would like to attribute their success to their tenacity and business acumen but alas, admit it has a great deal to do with their terrific employees, faithful customers and the great community they work in. “We truly treat customers and our business the way we would want to be treated, with integrity and respect. We are not certain that this is unique but it is something we strive to do every day.” 

For more information on Six Degrees Coffee Service & Distribution, visit their website or find them on Facebook!

CSU, Chico Center for Entrepreneurship: Future Four 2014 Judges

Bob Bozeman - Lead Judge

General Partner, Eastlake Ventures

Bob Bozeman loves being involved in entrepreneurship events because entrepreneurship is the only thing he does, and has seen true entrepreneurship work very well. Bob decided to be a judge for the Future Four event because entrepreneurs need feedback, “the best adjust based on the best feedback, so that circle is important to understand and to participate in”. He believes that the Future Four event is important for students to participate in because "students who learn from these kinds of experiments become motivated to become involved with business, and they relate to the demands and requirements to package solutions in the best way to be successful."

Marc Nemanic

Executive Director, 3Core Inc.

Both of Marc Nemanic’s parents each owned their own businesses, so he has lived and breathed entrepreneurship from an early age. Running 3Core is an exercise in change and novelty so he has to be entrepreneurial each day. “In today’s changing economy, creating new enterprises, whether for profit or for social objectives, will become the norm as opposed to the exception. Jobs will increasingly be self-developed by people as institutions shed traditional jobs and rely on a contingent workforce,” something which he has seen and experienced over many years as the executive director of 3Core, and previously as the Deputy Director of the Shasta County Private Industry Council. Marc chose to be a Future Four judge because he believes that an event like this is the first step in building momentum for entrepreneurship regionally and with partner institutions. He believes that it is essential for young entrepreneurs to get involved with events such as the Future Four because, “every journey starts with the first step. Involvement will spark students to see the possibilities and opportunities. Like-minded people can share and support each other as the journey begins. Not everyone will be a prototypical entrepreneur, but it takes many different skills and creative talents so that something is created and gives consumers something of value. Events like this open doors and minds to the future.”

Thomas Villa

Product Director, Education Products & Services, Verizon Wireless

“In today’s business environment, innovation and entrepreneurship go hand in hand.” Thomas Villa has over 20 years of service and management experience both domestically and overseas within the wireless industry, and throughout that time has worked for some true entrepreneurial companies. Those companies have in common the ability to look out into the future, identify needs, and translate those needs back to present day roadmaps that deliver disruptive, innovative, value added products and experiences. Tom loves that CSU, Chico’s Center for Entrepreneurship is promoting an environment of Ideation, “free thinking that could change our lives”. Being given the opportunity to judge this event where students are “at the bleeding edge of changes that could and should occur…it would be difficult for me not to support that both professionally and personally.”

Lance Blanshei

Managing Partner, Blanshei Partners, Brand & New Products Development Consultancy

Founder, Tea Innovations, Inc.

Lance Blanshei has had over 20 years of driving food and beverage innovation vis-a-vis new product and brand development for Fortune 100 CPG firms. He also created what is described as the most innovative and successful foodservice tea concept in the country. Lance chose to be a judge for the Future Four event as he is pleased to support Peter Straus and his amazing program. Lance believes that the Future Four event is, “an exceptional opportunity for CSU, Chico’s aspiring entrepreneurs to realize the potential of putting their ideas and passions on the line in a competitive review”.

Jeff Spence

Serial Technology Entrepreneur

Jeff Spence has been involved in buying, building, and selling technology companies for more than 15 years. He has raised capital and built teams on six continents across dozens of countries, and currently advises a half dozen technology companies. Jeff chose to be a judge for the Future Four event because he believes that “entrepreneurial leadership skills are learned, not inherited at birth” and that “these skills will have the greatest impact on our economy and society over the course of the next 20 to 50 years.” Jeff believes that an event like the Future Four is important because the type of competition allows students to gain the benefits of in-market successes and failures without having to endure the typical time and expense of these in real life. He says, “the business and innovative discipline that participants have to exercise to be successful in these competitions is difficult to teach through traditional classroom business curriculum.”


Louis Stewart

Deputy Director, Innovation and Entrepreneurship, California Governor’s Office of Business and Economic Development (GO-Biz)

Louis Stewart’s current role is to help California develop an ecosystem that encourages entrepreneurship, promotes long term economic growth and facilitates job creation through innovation. He wanted to be a judge for the Future Four because he saw it as an “excellent opportunity to get involved at the grassroots level of entrepreneurship as well as become aware of up and coming innovation in the region.” Louis believes that events like the Future Four are important because “students are the future of innovation and I believe innovation drives the global economy so it is imperative for students to participate in events such as these so that we understand how to reduce barriers based on what is presented and they inform us about what is coming.”

Julie Indvik, Ph.D.

Associate Dean of Business (interim), CSU Chico

Julie Indvik’s involvement with entrepreneurship has been “layered”. As the department chair in the early 2000’s, she initiated the development for the CSUC Entrepreneurship Program in the Management program. In 2007-09, she redesigned the academic program as the current major for Business students and the current Minor available to any student on campus. “Our program is definitely an example of bricolage: making the most of the resources at hand to create something new.” Being so involved with the Center for Entrepreneurship since its development in 2005, it was an easy choice for Julie to be a part of this landmark event. The academic entrepreneurship program, the Center for Entrepreneurship, and the student club Collegiate Entrepreneurial Association have spent a great deal of time offering tools, practice, experience, and guidance so that students can start new ventures. “This event is the culmination of many faculty and many students across the four campuses working and learning for months to turn creative ideas into viable ventures.”

Dan Ripke

Director, Center for Economic Development and Northeastern California SBDC

Dan Ripke has spent 26 years of his life supporting entrepreneurs, and works with approximately 3,000 small businesses annually. He has been a strong supporter for student entrepreneurs across 23 counties, so being a judge for the Future Four event was an easy decision for him. Dan believes that it is essential for students to be involved in events like the Future Four, because “students need to understand the important opportunities created by applying their technical skills, natural talents, and energy to start new enterprises.”

3Core, Inc. is proud to be a partner with the Chico State Center for Entrepreneurship, and to sponsor eWeek.

Recipient TidBits - Who Do You Wish You Had Met Before Applying For The Seed Fund?

As part of their participation in the Business Vitality Seed Fund, we asked each of our recipients a series of questions to get their view on entrepreneurship, the Seed Fund process, and other entrepreneurial related TidBits. The following is their answers to the question: Who do you wish you had met before applying to the Seed Fund?

I wish I would have been able to reach out and talk to a previous recipient of the Seed Fund. Since I was the first candidate and first recipient of the seed fund, I didn't have that chance. But if I were to give advice to someone who is thinking about applying to the seed fund, I would tell them to reach out to a current seed fund recipient and ask their advice for how to get the most out of their time in front of the review board. 

For more information about Social High Rise, please visit their website or find them on facebook!

I wish we had met someone who knew a little more about selling physical products. We have since met a few advisors who have helped us with some of our questions about product releases and pricing strategies. Most companies and advisors available are more into the tech start up then a product startup, so finding good advise is hard. 

That being said, I believe we still would have approached 3CORE in the same way. We knew what we needed to get us started and we got it. 

For more information about Upper Park Designs, please visit their website or find them on facebook!

Recipient TidBit : What Do You Wish You Had Done Before Applying For The Seed Fund?

As part of their participation in the Business Vitality Seed Fund, we asked each of our recipients a series of questions to get their view on entrepreneurship, the Seed Fund process, and other entrepreneurial related TidBits. The following is their answers to the question: What do you wish you had done before applying for the Seed Fund?


Five by Five Tonics

I always wish I knew financials better. Even after years of preparing and learning small business financials, I still wish I knew more. There is no substitute for rolling up your sleeves and getting very well acquainted with what “funding” means for a business. There are so many definitions for that term.

For more information on Five by Five Tonics, please visit their website or find them on facebook!

Social High Rise

I was pretty well prepared before I had met with the seed fund. I had recently closed an Angel Round of funding from a group of local Chico investors, so I was in fundraising mode. With that said, I wish I had spent more time crafting a more articulated pitch and slide deck. You can never be too prepared for pitching your business and this was no exception. Although I feel I gave a good pitch, I came away wishing I had spent a little more time rehearsing my talking points and keeping things brief. As a result, I was asked to prepare a more formalized business plan to give to the review board. It was a good experience to put together this plan, but I think I could have gotten away without it, had I been more prepared in my presentation.

For more information on Social High Rise, please visit their website or find them on Facebook!

 Upper Park Designs

There is nothing I wish we had done before applying to the seed fund. We came in knowing the plan for the next year and knew what money we needed to get us there. The only issue was showing a track record of sales to the board. We had only been selling for a few months and had proven our returns, although we needed a little more proof behind the numbers. I would suggest to anyone applying to the fund to have a track record of sales (at least a few months) and then build solid projections over the next year. We went in with our current sales and did not spend enough time on the projections based on those sales. I believe this would have provided a little better faith in the vitality of the investment from 3CORE. That being said, everything worked out in the end!

For more information on Upper Park Designs, please visit their website or find them on facebook!

Recipient TidBits - How Has 3CORE Helped You?

As part of their participation in the Business Vitality Seed Fund, we asked each of our recipients a series of questions to get their view on entrepreneurship, the Seed Fund process, and other entrepreneurial related TidBits. The following is their answers to the question: How has 3CORE helped you?

Five by Five Tonics

Seed funding offered us a lot more than financial benefit. I think anyone in business knows how quickly any sum of money can go, especially if not well planned for. More than that, though, the seed funding offered a sense of affirmation for the business I had created. 3CORE has stepped up many times since seed funding to offer support and guidance, which is far more valuable than funding alone.

For more information on Five by Five tonics, visit their website or find them on facebook!

 Social High Rise

3CORE is comprised of very talented individuals who are passionate about helping local entrepreneurs succeed. Since becoming a 3CORE Seed Fund recipient, not only have we benefited financially from the fund itself, but have been recipients of other valuable and needed support. For example, we have received sales leads, business document templates, tax prep/filing help, access to their network of professional contacts, to name a few. They are quick to offer solutions to the challenges we face and have been extremely proactive in working with us to find even better ways to be helpful.

Execution is what separates successful entrepreneurs from those who never make it, and 3CORE has helped us shape and execute our business model in a significant way. We owe a lot to their dedication and desire to see others succeed.

For more information on Social High Rise, visit their website or find them on facebook!

Upper Park Designs

As a startup company still in our first year of sales, cash can be limited at times especially amidst working on product updates, new products, and preparing for inventory orders. While in these bootstrapping cycles, we need to focus on our customers while continuing to reach out and gain new customers. Through several avenues of social media we have been able to keep a constant conversation with disc golfers around the world. Although many of these posts are done for free, we have seen a dramatic increase in attention and interaction from sponsoring specific posts. We love to increase the reach of our marketing to as many people as possible, and 3CORE has helped us significantly grow beyond our initial projections. Thanks to their help we were able to build our marketing and online presence, gaining new insight on the needs of our customers. In the first few months we have learned more than we could have expected and it has really helped to propel our company forward in regards to growth.

3CORE has helped connect us to a range of people willing to advise us on any questions that arise. It is comforting to know that we can send an email asking for help with anything and they’ll do their best to understand the problem and utilize their network to get us in touch with someone who can offer advise on a solution. Working with an organization like 3CORE has shown us a company and individuals that there are reliable people willing to stand behind a startup through the good and bad.

Thanks 3CORE!

For more information on Upper Park Designs, visit their website or find them on facebook!

Digital Print & Design

 “You have to run the business instead of the business running you, and you’ve got to remember to have fun.”

It all began in 1996 when a former employer (Les) and his employee (Jessica), of Cumming’s Ceramic, needed a new career choice. With Jessica’s background being in printing, when they saw the old Copy Place was for sale for the price of 1 machine (which was still a whopping $75,000) they felt that they hit the jackpot.

After applying for a loan at a bank and being turned down, Jessica and Les were feeling rather gun-shy and were very nervous about trying to find anywhere else to get money from. Their banker, who didn’t believe in the bank’s decision, referred them to Marc at 3CORE (Tri County EDC at the time) where they received a loan and matching funds, which gave them the ability to buy the business.

18 years, a name change, and lots of happy customers later, Jessica and Les are now married and happier than ever. The business is what they always wanted it to be, although they had to wait for the technology to catch up to their visions. They started off being on top of technology by being one of the early web adopter and strongly believe that the fact that they have always embraced technology, and reinvented themselves and the business (while still holding onto the core meaning of the business) to guide it where they have wanted it to be has been the key to their success.

Right now the focus of the company is helping small businesses, emerging entrepreneurs, and freelance designers. They love working with businesses and helping them be successful. Their goal is to help them look like a Fortune 500 company, but without the expense. They also continue to nurture the relationships that they have with their long-term customers. Several of their customers are from over 3 generations of the same families who began coming since the very first day the doors opened.  With a large variety of customers, they say that they are trilingual – man, woman, and geek – to keep up with what everyone wants.

Jessica and Les are looking forward to the future with the company. They can’t wait for the next technology to come out and to help the new entrepreneurs coming in trying to make something of themselves. Les is considered retired but still spends a majority of his free time in the store with Jessica and their two giant but lovable dogs. Jessica says that she technically has 15 more years until retirement, but doubts she ever will. They love what they do and truly believe that they could not have done it without the help from 3CORE. “Having 3CORE as a resource is wonderful for the community, but the community needs to know that it’s there”.

For more information about Digital Print & Design, please visit them on facebook!

Moms in the Workplace

Photo Credit: onlineri.com

Once children come along, women are still “opting out” or downscaling their careers to take care of their new family, even though some countries have stepped up the support for working parents. It is starting to become noticeable that this is actually a worldwide phenomenon, most of the time due to one partner earning enough that the mother can afford not to work, or for the mother’s job not paying enough to cover childcare costs. The main drivers are educational attainment and childcare issues. In the US, mothers at the top of the “educational ladder are disproportionally opting out” according to Joni Hersch, professor at Vanderbilt University in Nashville, Tennessee. Women with bachelor’s degrees from the most elite universities are 20% less likely to work, if they are married with children, than those who do not have children. Women with the same degree from lesser-ranked schools are only 13.5% less likely to work. These percentages are magnified when Women who receive bachelor’s degrees from the most-selective schools continue to earn an MBA. 35% of women with bachelors degrees from these schools will also hold an MBA and work full time, in comparison to 66% of women MBA holders from less-selective schools. “For a lot of women, when they’re struggling through that tough pipeline mid-career phase when everything is on their shoulders at work and at home, what women need is to have really strong opportunities to make it worth it for them and their families” says Ilene Lang, president and CEO of Catalyst, a New York-based non-profit that advocates for executive women. 

The other reason for women leaving the work force for their families is the cost and quality of childcare. Another pull for women is that especially in the media, there is an attitude that women should start focusing more on their kids when they are young, says Julia Broussard, the country program manager of UN Women’s China office. In Sweden the availability of high-quality childcare is plenty, there is a guaranteed spot at public preschools for all children, and the parents are charged no more than 3% of their salary for the care. Other European countries are not the same. A report in 2007 by McKinsey & Co showed that employment rates for mothers “ranged from a high of 78% in Sweden to a low of 42% in Spain” (Schoenberger), and probably lower for mothers in the hardest-hit countries since the European financial crisis.

Are you a working mother? How do you balance work life and family life?

Meet Our Recipients - Upper Park Designs

The concept of the Seed Fund is to provide emerging entrepreneurs with small investment that propels them forward. While the capital is important, mentoring and intellectual support has proven to be the valuable components to this program.  

Upper Park Designs is a small disc golf accessory company located in Chico, California. As avid disc golfers we struggled to find a bag that met our needs and looked good doing it. Our goals were simple: create products that are unique in style, innovative in design, and unmatched in comfort. We use cutting edge design techniques and durable, outdoor materials to bring our creations to life. From your average casual player to professionals, our products are designed for all types of play. We believe the best designs should be as versatile as the people using them.

 

Our team consists of three Chico State students: Jon Richardson, Hobie Jensen, and Patrick Edelman. Each of us brings a separate skill set to the table, allowing the three of us to cover the majority of needs in the company. 

 Jon is a well-versed business major with a project management and management background. He handles marketing, customer relations, photography, and the majority of day-to-day business. Almost as outgoing as he is busy, his vision and drive keep the company on a path of growth and success.

Hobie is a complete hands on guy. As a Sustainable Manufacturing major he likes to get down into the details and ensure end-to-end quality. With his 3D printer and connections to local manufacturing companies, prototyping and testing is as easy as ever. Hobie also heads up bookkeeping and product fulfillment. 

Patrick is a passionate Computer Science student with a wide range of web programming and design skills. He provides the team insight of current web technologies and trends to help deliver methods to grow our online sales and marketing platform. . Having also worked and consulted with numerous local start-ups on web and design, he makes a great asset to the team.

For more information on Upper Park Designs, please visit them at
www.UpperParkDesigns.com
or on Facebook

Recipient TidBits - What Does Entrepreneurship Mean To You?

As part of their participation in the Business Vitality Seed Fund, we asked each of our recipients a series of questions to get their view on entrepreneurship, the Seed Fund process, and other entrepreneurial related TidBits. The following is their answers to the question: what does entrepreneurship mean to you?

Five by Five Tonics

"In my opinion, the entrepreneur is characterized by one trait: bravery.  It doesn’t take outstanding intelligence, or loads of money to call oneself an entrepreneur.  It does however take the ability to push forward amid unknowns.  People do not set out to become entrepreneurs.  Rather, they one day find themselves in that roll.  Entrepreneurship involves the simple act of believing in an idea and seeing a dimly lit path ahead and choosing to follow the path even if you aren’t sure where it leads."  

For more on Five by Five Tonics, see our blog post on them here!

Social High Rise

"Entrepreneurship is the idea that you can work hard and create something of value out of nothing. It's a big part of the DNA that our country was founded on and is what I consider the American dream. Entrepreneurs are the job creators, and are the largest contributing factor to a growing and vibrant economy. They take on huge risks, face countless obstacles, persevere, exert ambitious effort, and tirelessly work to create a better world around them. I love that idea, and it's why I consider it a privilege to call myself an entrepreneur. 

Every day I get to work with a talented team. We get to tackle new problems, learn to be smarter, help clients succeed, and build a company that we are passionate about. It's both challenging and rewarding at the same time. #businessing"

For more on Social High Rise, see our blog post on them here!

Upper Park Designs

"Entrepreneurship means focus, drive, and passion. It means being creative by solving problems and being resilient by not giving up when things don't work the first time. You are forced to wear many different hats and in a way that is important to understanding the needs of a business.  

I think many underestimate the time involved in being an entrepreneur. People say entrepreneurship is being your own boss and you can take vacations whenever you want. While that is right in part, you are really a constant employee of your business. There is enjoyment that comes from creating something new, taking an idea and making it real, and simply doing something different than a majority of people. 

Being an entrepreneur is a lifestyle. At times it can be stressful but there is nothing like starting every day with a purpose."

Three Sixty Ecotique

"We are not gonna lie, being entrepreneurs is the hardest thing we have ever done.  Honestly, it is a lot like parenthood, and your business is your baby.  This baby demands late nights, constant attention, patience, tact, it’s extremely expensive, and sometimes it throws up on you, sort of.  You never stop thinking/worrying about your business/baby, even when your not there.  

As difficult as it may be, entrepreneurship is extremely rewarding and fun!  Being an entrepreneur gives you complete artistic control and a chance to chase your passions.   You are able to surround yourself everyday with like-minded people, truly test your limits, learn your strengths and weaknesses, and like your child, watch it grow.  Walking into a space we have completely created is the most beautiful way to start the day.  Besides, social lives are over rated."

Meet Our Recipients - Social High Rise

The concept of the Seed Fund is to provide emerging entrepreneurs with small investment that propels them forward. While the capital is important, mentoring and intellectual support has proven to be the valuable components to this program.

Social High Rise partners with small businesses to create and manage vibrant and engaging online communities via Facebook, Twitter, Yelp, Google+, Foursquare, LinkedIn, and TripAdvisor. They offer a do-it-for-you service so that business owners can stay focused on running their business.

Mark Sorenson is a Chico native who is passionate about entrepreneurship and building Chico's start-up ecosystem. He has extensive experience in direct sales and management and has negotiated and raised investment capital from U.S. and international angel investors for the development of early-stage internet start-ups. As the founder and CEO of Social High Rise, mark's company vision is centered on lean start-up principals and helping small businesses thrive. When he's not working a 14-hour day, you can find Mark trail running in Bidwell Park or playing the guitar.

Just as Mark believed that he had a good idea in building a social media management company, so did 3CORE. Social High Rise received the first investment of the Seed Fund for a total of $10,000. Since that time, SHR has hired tree account managers (2 full-time, 1 part-time) and three sales people (2 full-time, 1 part-time). Social High Rise is currently cash flow break even and has 55 active clients. They currently occupy office space in downtown Chico and are projected to continue its growth and success.

For more information on Social High Rise, please visit them at
www.SocialHighRise.com
or on Facebook or Twitter

Meet Our Recipients - Five by Five Tonics

The concept of the Seed Fund is to provide emerging entrepreneurs with small investment that propels them forward.  While the capital is important, mentoring and intellectual support has proven to be the valuable components to this program. 

Five by Five Tonics Co. was founded in October of 2012 with the goal of ushering in a new generation of cocktail bitters and tonics by offering truly handcrafted and quality products.  While these products have been a part of cocktail culture since the cocktail was born, these small additions to a drink remained in the shadows for the better part of the 20^th century.  The goal is to change the face of these products by introducing quality and craftsmanship.  Five by Five Tonics uses only natural fresh and dried botanicals in their recipes.  There are no artificial colors, extracts, flavors.  Each batch is produced entirely by hand in small batches here in Chico, CA.

Five by Five Tonics Co. was founded by Jesse Smith L.Ac.  Jesse received his graduate training in Chinese medicine and is a practicing acupuncturist and herbalist.  He developed this company out of his training as an herbalist and his recognition of the medicinal history that lies in each bottle of cocktail bitters.  Through his training in herbology he developed a sense for the “personality” of specific botanicals and the methods and techniques for properly blending them.  Five by Five Tonics is the first bitters company founded by an herbalist. 

What started as an interest and hobby is now a company that has moved from its industrial warehouse to a storefront with a tasting room.  Five by Five Tonics received an investment of $6,950 from the 3CORE Business Vitality Seed Fund and has utilized accounting mentoring as well as other resources to continue to grow.  Just recently, Five by Five was featured in the local magazine Edible Shasta (click here for the article) and even more impressive Real Simple Magazine (click here for the article).

Jesse commented, “Initially I would have to say that having a more fluid cash flow picture was the biggest benefit, but actually having the knowledge that an outside organization like 3CORE has shown faith and support of my company has been the biggest benefit.  It feels like I have ‘players on my team’.”

For more information on Five by Five Tonics, please visit them at www.fivebyfivetonics.com
or on Facebook