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Tennessee District Office
2 International Plaza Drive Suite 500
Nashville, TN 37217
United States
Phone: 615-736-5881
Fax: 615-736-7232
TTY/TTD: 800-877-8339

TAYLOR BROWN APOTHECARY HAS PRESCRIPTION FOR SUCCESS

Memphis, Tenn.—Dr. Ivory Taylor and Dr. Joyce Taylor are both successful small business owners of Taylor Apothecary, a Memphis-based pharmacy firm. Dr. Ivory Taylor is a retired U.S. Army master sergeant whose last tour of duty in the 1990s was running the Mississippi ROTC program. Dr. Joyce Taylor was a pharmacist for over fifteen years with Walgreens before joining her husband and formulating plans for the first and second Taylor Apothecary locations.

Memphis, Tenn.—Dr. Ivory Taylor and Dr. Joyce Taylor are both successful small business owners of Taylor Apothecary, a Memphis-based pharmacy firm. Dr. Ivory Taylor is a retired U.S. Army master sergeant whose last tour of duty in the 1990s was running the Mississippi ROTC program.  Dr. Joyce Taylor was a pharmacist for over fifteen years with Walgreens before joining her husband and formulating plans for the first and second Taylor Apothecary locations.

In 2008, Taylor Apothecary participated in the U.S. Small Business Administration’s e200 program. “The goal of the SBA Emerging 200 initiative is to identify 200 inner-city businesses across the country that show a high potential for growth—and to provide them the network, resources and motivation required to build a sustainable business of size and scale. SBA is increasing outreach to areas historically challenged by high levels of unemployment and poverty,” according to Tennessee SBA District Director Walter Perry.  The e200 program has also been compared to a “Mini-MBA” by many of its graduates. Ivory and Joyce Taylor have attended subsequent e200 graduation ceremonies and have been featured speakers in support of the nationally successful e200 program.

Under the SBA loan guaranty program, Taylor Brown Apothecary also received an SBA loan to expand its operations in 2007.  Another program, sponsored by the SBA, the Tennessee Small Business Development Center (SBDC) has also assisted the Browns’ pharmacy business.

Taylor Brown Apothecary has been a client of TSBDC since March 2003 when it started planning the opening of its first pharmacy. TSBDC assisted with its business planning and capitalization efforts. Recently, the company has announced it will be expanding its operations in the Mid-South, opening five new stores, four of them in the Memphis area. “The expansion will put us in position to take full advantage of the new health care legislation recently signed into law by President Barack Obama,” said Dr. Ivory Taylor. He added, “The revolutionizing aspects of the healthcare industry directly affect the population segments our company has made its primary areas of concentration.”

Taylor Brown Apothecary’s mission is to “foster an environment that helps promote both healthy living and healthy lifestyle choices; ultimately to build communities that support good health.” The company is committed to maintaining the highest standards of business ethics, quality management and leadership principles. “We strive to always provide exceptional customer service and competitive pricing, and to develop ongoing relations with our customers, building always on honesty and integrity,” stated Taylor.

Doyle said, “The company has a very strong, positive reputation in the area and is widely known for its good customer relations and quality products.” Taylor Brown Apothecary is located at 568 Poplar Avenue, Memphis, TN 38105. PH: 901-527-2411. www.taylorbrowngroup.com.

Doctors Joyce and Ivory Taylor have been recognized through many business and professional awards, including:

•             2007 Facility of the Year Award, Black Business Association

•             2008 Community Service Award, City of Memphis

•             2009 Top Woman of Excellence Award, Tri-Star Defender

•             2010 Top Man of Excellence Award, Tri-State Defender

•             2010 Company of the Year Award, Black Business Association

“We’re very fortunate to have been part of the SBA e200 program and have benefitted from the SBDC assistance as well,” notes Ivory Taylor.

The SBA helps people get in business, stay in business and grow their businesses. For more information on SBA programs and services please visit the SBA website, www.sba.gov or contact the Tennessee District SBA Office, 2 International Plaza, Suite 500, Nashville, TN 37217 (615)736-5881, www.sba.gov/tn

Famous Five Dining, the Renegars and Listers, Expand Their Franchise with SBA Assistance

Nashville, Tenn.--Famous Five Dining Inc. is the creation of four very successful restaurant operators, the franchise owners of five successful Famous Dave’s restaurants in Tennessee.

Famous Five Dining Inc. is the creation of four very successful restaurant operators, franchise owners of five successful Famous Dave’s restaurants in Tennessee.  They are the SBA 2012 Tennessee Small Business of the Year.  Owners Mike and Tamara Lister, and Doug and Laurel Renegar, have over eighty-five years of combined experience in the restaurant industry.  As life-long friends, they have shared experiences since school days, through marriage, children and forming and growing a business together.  Together Doug and Mike handle on-going operations and strategic growth for the company.  Laurel and Tamara focus on the business of running a business and are responsible for support functions as equal partners in Famous Five Dining, Inc.  Tennessee locations include the cities of Hermitage, Smyrna, Knoxville, Chattanooga, and Franklin.  Famous Five Dining Inc. provides employment for over two hundred and fifty employees. In the Fall of 2001, the four entrepreneurs entered into a contract with Famous Dave’s, a publicly traded restaurant chain with over one hundred and forty locations nationwide, and now have regional franchise rights in the mid-south. For funding their first restaurant, they turned to SBA’s 504 loan program which provides financing for land, buildings and equipment. The Mid Cumberland Development Corporation, a SBA Certified Development Corporation lender, provided the initial capital to open the Hermitage location. Since opening their first Famous Dave’s, the four entrepreneurs have realized annual sales of well over $5 million at their restaurants. 

 

The SBA helps people get in business, stay in business and grow their businesses. For more information on SBA programs and services please visit the SBA website, www.sba.gov or contact the Tennessee District SBA Office, 2 International Plaza, Suite 500, Nashville, TN 37217 (615)736-5881, www.sba.gov/tn

 

Amara Home Care, the SBA and the Small Business Development Center Team Up to Provide Success

Chattanooga, Tenn.-- In 1998, Dan Spriggs began a business that was to evolve into one of the most successful independent home health care businesses in the east Tennessee area. Dan saw a need emerging to provide quality in-home care in the lives of his own close family members, and for the growing senior citizen market for all aspects of in-home care.

 

Chattanooga, Tenn.-- In 1998, Dan Spriggs began a business that was to evolve into one of the most successful independent home health care businesses in the east Tennessee area. Dan saw a need emerging to provide quality in-home care in the lives of his own close family members, and for the growing senior citizen market for all aspects of in-home care.

 

The early days were very difficult, according to Dan. Dan Spriggs first contacted the U.S. Small Business Administration and the Tennessee Small Business Development Center in Chattanooga. The SBDC, sponsored and supported by the SBA, provides free one-on-one business counseling as well as workshops and seminars on how to run a small business. Dan had great experiences with the SBDC: “Their expertise, encouragement and assistance proved to be invaluable,” he noted. Within a few short weeks of establishing his company, then called Evercare Home Services, Dan’s business opened in a tiny one-room office in the Small Business Center on Cherokee Boulevard in Chattanooga, right down the hall from the SBDC. “With only his grit and determination, and a few hundred dollars to get moving, Dan opened his doors, and proved that determination can really provide success,” recalls Jules Doux, his SBDC counselor. Times were tough, but within a few years, Dan’s office grew from one to five employees and now to ten caregivers providing in-home care services all over the Chattanooga area.

 

Having established itself as the premier in-home care business in Chattanooga, the company set its eyes on growing market share, according to Doux of the SBDC. “With the growth of the business came a growth of its staff from five to ten to over twenty-five, outgrowing its offices three times in the Small Business Center,” says Doux. Streamlined payment methodologies, bonus payments to employees, along with incentive programs were implemented to allow all workers to share in the growth of the company. Additionally, because of revenue growth, market exposure, and increased liability costs, the company decided to change from an LLC to a corporation in 2004. In early 2007, Dan Spriggs chose to change the name of the company to Amara Home Care, named after his first granddaughter. The name change was facilitated by a request from United Healthcare, the insurance giant, which had used the name “Evercare” some years earlier.

 

The name change meant a unique challenge: forcing a switch in logo, name, brand and even strategy. In spite of the change, Amara Home Care retained all of its previous clients and executed a seamless brand transfer strategy by making small notifications in all of its advertising and by speaking with all of their clients, past and present, about the name change. The new company strategy, according to the SBDC’s Doux, included creating new relationships with its banks, lenders and vendors not only to survive but to thrive.

 

Amara Home Care now employs a staff of from fifty to seventy-five members consisting of business managers, nurses, and administrative staff. “Dan Spriggs and Amara Home Care have become one of the SBDC’s truly great success stories, and proving once again the value of persistence and sound business planning,” notes the SBDC’s Doux. For more information on the Small Business Development Center network in Tennessee, please visit the SBDC website, www.tsbdc.org or the SBA website, www.sba.gov. The SBA, established in 1953, has helped millions of people get in business, stay in business and grow their businesses.

The SBA helps people get in business, stay in business and grow their businesses. For more information on SBA programs and services please visit the SBA website, www.sba.gov or contact the Tennessee District SBA Office, 2 International Plaza, Suite 500, Nashville, TN 37217 (615)736-5881, www.sba.gov/tn

 

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