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Business heats up for The Spicy Wench
WATERTOWN — Christine Hoffman’s business, The Spicy Wench, may have started from her family’s suggestion that she plant some peppers, but it’s Hoffman who deserves the credit for growing the business. What started in November 2011 as a one-woman venture growing peppers and cooking up some pepper jellies has grown into a business that produces […]
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WATERTOWN — Christine Hoffman’s business, The Spicy Wench, may have started from her family’s suggestion that she plant some peppers, but it’s Hoffman who deserves the credit for growing the business.
What started in November 2011 as a one-woman venture growing peppers and cooking up some pepper jellies has grown into a business that produces and sells a range of products including barbecue sauces, pepper jellies, fruit jams, spice blends, and mustards and employs five people during the busy summer and fall seasons.
The business has come a long way from when Hoffman sold her products at farmer’s markets and craft fairs, although those events still play a large role in generating sales.
“It’s much bigger,” Hoffman says of the business. While The Spicy Wench is based in her Waterville home, Hoffman uses the Madison Barracks Shared Use Kitchen in Sackets Harbor to produce her jellies and other products. Hoffman moved to the shared-use kitchen last fall after outgrowing the catering kitchen she was using on a part-time basis. Madison Barracks bills itself as Jefferson County’s “premier” state-licensed kitchen rental facility equipped for small food artisans, commercial processors, specialty bakers, and set-schedule caterers.
Hoffman says she needed more space not only for the increased amount of product she needed to produce, but also to accommodate her expanding variety of products.
Revenue is also growing due to increased private-label business, Hoffman says. That portion of the business began when Thousand Islands Winery in Alexandria Bay contacted her about producing jams using its grapes. A second winery, River Myst Winery in Ogdensburg, soon followed.
“That has actually been a huge spread of the business and one I didn’t anticipate,” Hoffman says.
It has led to other private-label discussions with breweries and Hoffman is even in talks with an area distillery to see if they can produce something together.
The expanding product array has really benefited the top line at The Spicy Wench. In 2013, sales increased 75 percent over 2012 levels. While she declined to disclose revenue totals, Hoffman says sales so far in 2014 are up 106 percent over the comparable year-to-date period last year.
Along with looking into more private-label opportunities, Hoffman says she is also in talks with a distributor to see how she can get her product into more stores. Currently, Spicy Wench products are available in 20 stores in Watertown, Syracuse, Ogdensburg, Wellesley Island, Lowville, Carthage, Alexandria Bay, Cape Vincent, and Sackets Harbor. That number will soon expand to 25 stores, and Hoffman would like to see it grow even more.
To keep up with that growth, Hoffman is looking to add a few full-time employees. “I’d like to have a full-time sales person in charge of sales and marketing,” she says. Hoffman also sees the need for a full-time compliance person to oversee all the paperwork involved with making sure the company complies with all the food-production regulations.
Hoffman says she will most likely hire someone to fill at least one of those roles this year.
The New York State Small Business Development Center (SBDC) recently honored Hoffman as Woman Entrepreneur of the Year and The Spicy Wench (www.thespicywench.com) with an Excellence in Small Business award. Hoffman worked with the Watertown SBDC, located at Jefferson Community College, to launch her business.
Prior to starting The Spicy Wench, Hoffman worked as a city planner and downtown and waterfront development planner for the city of Watertown for nearly six years. Hoffman, who holds an MBA from SUNY Oswego, also operated her own outdoor sporting-goods store for 15 years.
Contact The Business Journal News Network at news@cnybj.com
Cuomo launches Business Mentor NY online platform for small business
New York has a new online platform for Business Mentor NY, the state’s hands-on mentoring program designed to help spur growth among New York entrepreneurs and small businesses. Gov. Andrew Cuomo recently announced the launch of the new online platform. The state held an opening event at the Manhattan headquarters of Quirky, an invention company
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New York has a new online platform for Business Mentor NY, the state’s hands-on mentoring program designed to help spur growth among New York entrepreneurs and small businesses.
Gov. Andrew Cuomo recently announced the launch of the new online platform.
The state held an opening event at the Manhattan headquarters of Quirky, an invention company Cuomo’s office describes as “successful,” whose senior executives will serve as mentors in the program.
Cuomo first announced the creation of Business Mentor NY in his State of the State address in January. It builds upon the volunteer-mentoring efforts that provided assistance to businesses that Superstorm Sandy, Hurricane Lee, and Tropical Storm Lee affected.
The state has designed the website, www.businessmentor.ny.gov, to streamline the free mentoring process so that “experienced” professionals can help New York business owners, Cuomo’s office said in a news release.
The professionals represent a range of disciplines and are volunteering their time and expertise.
Through the website, participants may register online, review the profiles of potential mentors, and communicate directly with them on an as-needed basis and at no charge.
This new program, available at no cost, will help small businesses that are working to grow, Cuomo said in the release.
“Helping small-business owners overcome obstacles and achieve greater success will in turn strengthen local economies and spur job creation. I commend the Quirky team and other volunteer mentors who will donate their time and expertise in order to help their fellow New Yorkers with reaching their full economic potential,” Cuomo said.
To date, more than 200 business professionals have volunteered to participate as mentors in Business Mentor NY, including lawyers, accountants, consultants, and other entrepreneurs; along with experts in the fields of finance, retail, communications and information technology, human resources and staffing, public relations, sales and marketing.
Through the website, small-business owners may research online profiles of potential experts to find a suitable mentor and reach out to the individual directly, Cuomo’s office said.
New York is conducting the program in partnership with MicroMentor, a proprietary online-mentoring platform that connects volunteer mentors with entrepreneurs.
MicroMentor, an initiative of the Portland, Ore.–based nonprofit Mercy Corps, has a “track record of success nationwide,” Cuomo’s office said.
MicroMentor has found that formal mentoring programs, such as Business Mentor NY, help businesses increase their annual revenue, create jobs, and launch successful businesses compared to companies that do not participate in mentoring programs.
“As New York State entrepreneurs use Business Mentor NY to connect with business professionals, they will turn their business dreams into realities and spur economic growth across the state,” Samantha Albery, director of MicroMentor, said in the news release.
Contact Reinhardt at ereinhardt@cnybj.com
USDOT awards funding for improvements at Massena, Potsdam airports
The U.S. Department of Transportation (DOT) has awarded funding to airports in Massena and Potsdam for facility upgrades. The DOT awarded Massena International-Richards Field more than $925,000 and Potsdam Municipal-Damon Field $252,000 in funding. U.S. Senators Charles Schumer (D–N.Y.) and Kirsten Gillibrand (D–N.Y.) made the announcement on May 21 in a news release posted on
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The U.S. Department of Transportation (DOT) has awarded funding to airports in Massena and Potsdam for facility upgrades.
The DOT awarded Massena International-Richards Field more than $925,000 and Potsdam Municipal-Damon Field $252,000 in funding.
U.S. Senators Charles Schumer (D–N.Y.) and Kirsten Gillibrand (D–N.Y.) made the announcement on May 21 in a news release posted on Schumer’s website.
Both Massena and Potsdam are located in St. Lawrence County.
Massena International-Richards Field will use the funding to construct a taxi lane to ensure access to the T-hanger and adjacent taxi lanes, creating “more efficient airport operations,” according to the news release.
The facility will also use the funding to remove obstructions and create “clearer more navigable” airspace. It’ll also design an access road for “safer” travel to and from the airport, the lawmakers said.
The top official in the town of Massena is “grateful” for the funding.
“Operating an airport is an expensive proposition for a small rural town, so this federal money ensures that we can keep our facility in top notch condition. Massena Airport is an essential business tool for our community and the entire region that uses it every day,” Joseph Gray, supervisor in the town of Massena, said in the news release.
Potsdam Municipal-Damon Field will use the funding to replace “faulty” fences to stop unauthorized entry and wildlife hazards, ensuring both aircraft safety and overall airport security, according to the news release.
The Potsdam facility will also used the funding to improve the taxi-way pavement for safer airfield operations, the lawmakers said.
“We should always strive to achieve the highest standards of aviation safety, and this funding will support that goal by repairing and upgrading the infrastructure at Massena International-Richards Field and Potsdam Municipal-Damon Field,” Schumer said in the news release.
One of the most vexing topics in financial-statement work is defining materiality. I often liken it to “what is important,” “what do the owners or lenders focus on,” “what matters to the board,” and sometimes even “what you wouldn’t want to see as a newspaper headline.” Any one of these seems to make more sense
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One of the most vexing topics in financial-statement work is defining materiality. I often liken it to “what is important,” “what do the owners or lenders focus on,” “what matters to the board,” and sometimes even “what you wouldn’t want to see as a newspaper headline.” Any one of these seems to make more sense to my clients than what we find in the Merriam-Webster’s definition —– “the quality or state of being material” — which most might agree is ambiguous at best.
Like so many things in life, beauty is in the eye of the beholder. What is significant to management based on its understanding of operations and objectives may be quite different from the perspective of the auditor. Accounting literature tells us materiality is “… information that if omitted or misstated could influence decisions that users make on the basis of the information being presented.” Full circle to “what matters.”
Materiality is not simply a calculation but a consideration that includes the relevance of information being reported, the impact on those relying on information, and the degree of completeness of information being reported. When thinking about materiality in terms of “what matters,” both management and auditor consider an array of perspectives.
If a transaction stream has a significant impact on financial reports, such as revenue or revenue recognition, it would likely be considered material, as would a transaction that is unique, such as the sale of a division. It is worth mentioning that the auditor’s consideration of materiality includes employing a variety of different lenses.
For example, potentially uncollectible receivables that in total are equivalent to 20 percent of an entity’s net worth would be worthy of consideration — even if the individual balances are not “material.” The type of industry and the economic environment, as well as ownership structure, also influence the application of materiality.
Ultimately, the auditor’s determination of materiality is a matter of professional judgment and is influenced by the auditor’s perception of user needs. When users articulate a specific set of parameters, for example, single audit or statutory reporting, additional considerations apply. Each audit situation is unique and thus materiality is an entity-specific adventure in determining the relevance of the nature or magnitude of a transaction or balance. The result? An item that is material for one entity may well be of little or no importance for another.
It is important for management and those charged with governance to understand that professional standards require auditors to apply materiality both in planning and in performing the audit. This includes evaluating the effect of identified misstatements or potential for misstatement, evaluating the impact of uncorrected misstatements and forming the opinion in the auditor’s report.
Materiality is often thought of in terms of a percentage of revenue or gross profit or a percentage of total assets or pretax income, but may be derived from a blended method or based upon non-financial circumstances. The ongoing considerations of materiality may be further refined in terms of lines of business or, as is the case in governmental reporting, opinion units.
As is obvious from the volumes that have been written on the importance and nuances of materiality, the concept is not necessarily straight forward. The perfect example may be the often-misunderstood situation in which material misstatements were not identified but the system of internal control was not adequate to prevent or detect such errors. (Materiality applies here in terms of determining appropriate reporting of such design or operational deficiencies.)
What is the best approach to understanding the impact and applicability of materiality on your audit process? An open and ongoing dialogue with your CPA, of course.
Gail Kinsella is a partner in the accounting firm of Testone, Marshall & Discenza, LLP. Contact Kinsella at gkinsella@tmdcpas.com
Learning About Ethical Leadership From a College Student
One of my favorite courses to teach at the Newhouse School at Syracuse University is ethics. The formal title of the course is “The Ethics of Advocacy,” and it’s open to upperclassmen who are starting to get real serious about what their own careers might look like in the next few years. Most of them
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One of my favorite courses to teach at the Newhouse School at Syracuse University is ethics. The formal title of the course is “The Ethics of Advocacy,” and it’s open to upperclassmen who are starting to get real serious about what their own careers might look like in the next few years. Most of them have had a few internships — many at very prominent firms in New York, Los Angeles, or Boston. They are at that point in their lives where they really want to know how to succeed in the real world.
The course is structured around applying ethical decision-making to progressively more complex business problems. We look at more than 30 actual situations, and I often provide them with some well-masked situations that I’ve had to face myself. We begin by talking about our “personal frame;” our view of the world and what’s right based on our upbringing, religious background, position in society, and experience. From there we consider some rational philosophical formulas that come from Emmanuel Kant, John Rawls, Aristotle, and others. We learn about utilitarianism, utility, duty, rights and justice. We debate consequences, alternatives, excusing conditions, and special obligations. We have great discussions.
As these 20-somethings debate how business leaders consider their decisions, they begin to understand the sometimes complex nature of doing the right thing. The big decisions are easy — don’t pollute the river with chemicals from your manufacturing process, treat your workers fairly according to labor laws, and be sure you pay your taxes. Where the real ethical dilemmas come from are the myriad issues that are not defined by law — that are often not clear as to what is right or wrong. It’s at this intersection that the formulas we talk about in class help them avoid simply acting with personal instinct, instead taking a bit of time to consider all the sides of a situation rationally before acting.
Leading these exercises with them, I am challenged myself. Their idealism of what is moral and right may surprise you, their expectations of leaders are high, and many of them have no tolerance for people who take shortcuts. I am encouraged every semester that the world is in good hands with these students who are trying to figure out how to behave and succeed. They know that Donald Trump’s “Apprentice” and the “Wolf of Wall Street” are not the path to great leadership, yet they also understand the realities of pressure that lie ahead.
So, the next time you are looking to learn a bit about leadership and the application of ethical decision-making, strike up a conversation with a college senior. You might just be surprised what you hear.
Are you being heard?
Michael Meath is president of Strategic Communications, LLC, which says it provides trusted counsel for public relations, crisis communications, government relations, and business strategy. Contact Meath at mmeath@stratcomllc.com
Growing Overseas Markets are Ripe for New York Exporters
Launch of National Export Initiative NEXT aims to enhance export assistance Each May, World Trade Month celebrates the benefits that U.S. exports bring to the nation, state, and local economies. The month reminds us of the important link between exporting and job creation. Americans are appreciating the fact that 95 percent of the world’s customers
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Launch of National Export Initiative NEXT aims to enhance export assistance
Each May, World Trade Month celebrates the benefits that U.S. exports bring to the nation, state, and local economies. The month reminds us of the important link between exporting and job creation.
Americans are appreciating the fact that 95 percent of the world’s customers live outside our borders more and more each day. The middle class is growing quickly in regions like Southeast Asia, Sub-Saharan Africa, and South America, and consumers in those markets want the goods and services that U.S. businesses have to offer.
This foreign demand is helping American families gain economic security. As U.S. Secretary of Commerce Penny Pritzker said recently, “While we cannot control the ups and downs of the global economy, we can and must remain vigilant to maximize the potential of every American company that wants to grow, hire, and compete through exporting.”
In 2013, New York businesses exported $84 billion in products to world destinations. These exports are an economic engine for the region and reflect the state’s diversity, extensive infrastructure, and entrepreneurial prowess. However, many New York businesses have yet to explore their export potential.
More than 80 percent of the world’s purchasing power is found outside U.S. borders. If a business is only selling domestically, it’s leaving money on the table. Many would-be exporters put off exploring overseas sales because they believe exporting is burdensome, their business is too small, or they may not be aware of available export assistance.
The reality is that during the last few years, exporting has become much more viable — the combination of the Internet, improved logistics and transportation options, and more free-trade agreements, has helped turn even the smallest companies into proactive exporters. If a company has a good track record of selling in the United States — one of the world’s most open and competitive markets — they’re likely a good candidate for making international sales. In fact, small and medium-sized businesses employing fewer than 500 persons account for 98 percent of U.S. exporting companies.
There’s also great opportunity for current U.S. exporters to expand their sales to new countries. Nationally, 58 percent of all U.S. exporters sell to only one market. For instance, a company that exports only to Mexico should explore additional markets in Latin America where the U.S. has many free-trade agreements. Altogether, the United States now has 14 free-trade agreements in force with 20 countries. Exports to these 20 nations represented nearly half of all U.S. goods exported in 2013.
In 2010, President Obama launched the National Export Initiative (NEI) to help U.S. companies increase exports, expand into new markets, and compete globally. Since 2009, nationwide exports have increased by $700 billion, reaching an all-time high of $2.3 trillion in 2013, and supporting 11.3 million jobs. During this same period, New York merchandise exports have increased by 43 percent. That’s good news, but much more remains to be done.
Based on four years of input from the business community, the Obama Administration recently launched NEI/NEXT, which aims to:
Overall, NEI/NEXT means enhanced quality service, more potential foreign buyers, and reduced export transaction costs for U.S. exporters.
Through the NEI portfolio, the International Trade Administration’s U.S. Commercial Service and its U.S. government partner agencies such as the U.S. Export-Import Bank and Small Business Administration have dramatically stepped up the availability of export financing, providing businesses with every incentive to expand their exporting efforts.
Exporting can be rewarding and challenging, but the key to success is having a long-term commitment and doing the required “homework” first by developing an export strategy and seeking relevant assistance. By doing so, companies will greatly enhance the chances of taking their business to the next level — offering them economic stability and growth, and the possibility of creating new jobs right here in New York state and Central New York.
John Tracy is a senior international trade specialist of the U.S. Commercial Service in Syracuse. With offices in 108 U.S. cities and U.S. embassies and consulates in more than 70 countries, the U.S. Commercial Service connects U.S. companies with international buyers. For more information, visit www.export.gov/NewYork.
What did nuns teach us in Roman Catholic schools in Syracuse and beyond? They taught us what was right and wrong. Now that seems like a simple matter. Unless you bring “relativism” into your thinking. You know, the old “Relative to what?” game. It’s a nice day. Oh? Relative to what? The nuns did not
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What did nuns teach us in Roman Catholic schools in Syracuse and beyond?
They taught us what was right and wrong. Now that seems like a simple matter. Unless you bring “relativism” into your thinking. You know, the old “Relative to what?” game. It’s a nice day. Oh? Relative to what?
The nuns did not deal with relativism: This violates the Ten Commandments. This is a sin. That is not true. It is a lie.
This training helps sort matters for me. For instance, there is a famous politician who years ago was involved with fraud using securities. My securities licensing and training assured me her dealings were fraudulent.
Many years had passed by the time this got into the news. The statute of limitations kept authorities from charging her. Whenever she was questioned on it, she changed the subject. Nobody mentions it any more. But I know it was wrong. She committed a crime. Thanks to the nuns, no matter where she may rise in her political life, I will know she is a crook.
Years ago, I was visiting a friend at Christmas. His brother arrived. He was a highway supervisor for a county. He announced that one of the suppliers to the county had given him a big entertainment system for Christmas.
“It’s always a nice gift, every Christmas,” he boasted. “Last year it was a fancy barbeque.”
He and the family saw nothing wrong with this. “Relative” to the highway budget in the millions, I suppose it was peanuts. A token gesture. Relative to gifts that get handed out in business, it was nothing unusual. And, after all, prices ruled. Therefore this gift could not cause him to favor this supplier. Relative to those factors, this was just a gift.
But it was wrong. I know it was wrong because he would not dare tell county commissioners he had received it. I know it was wrong because the nuns taught us so.
We see a parade of corruption out of Albany and Washington. We read about corruption that flows like water in Illinois, especially Chicago. We know New Jersey’s state flower is plastic. Its state bird is dead. Its state motto is “Steal.” Its state dance is the perp walk. And its state hobby is corruption. We see and know these sad things.
But we also know someone defends them like this: “You gotta admit everybody does it. Sure, he helped out a few pals, but look at his record. You have to grease a few palms to get anything done these days. Compared to what some of these other birds do, what he’s done is nothing.”
It seems to me that it is harder to swallow these excuses if you learned from the nuns of old. Sins were sins. No allowances. No wiggle room.
This brings to mind an incident aboard a Navy ship when I was 19. A sailor had discovered a way to sneak into a storage space for the ship’s store. He offered to collect watches for others. They buzzed about it until one of them objected. “That’s stealing. It doesn’t matter that it’s just Navy stuff. It’s stealing. It’s wrong.”
Yes, he happened to have been taught by nuns.
Some kids were never taught such distinctions. Their teachers did not make such judgments. Maybe their parents never did. Nobody said to them, “That is wrong. It is a sin.” Some were taught that sins to one person are not sins to others. Relativism.
There are several reasons I love to read about Harry Truman. One is that he saw things in simpler manner than perhaps any other president. He saw black and white and not many shades. Lies were lies to him. Wrongs were wrongs. And the scale of things did not enter into it.
When he sent letters to his wife from the White House, he bought his own stamps. He could have handed the letters to his secretary. She would have had them franked with the other mail. But, Truman said, that would have been stealing. Even at three cents. Even for the president.
Big politicians who accept vacations, flights on private jets, and campaign money for favors would not agree. The nuns would. Bless ‘em.
From Tom…as in Morgan.
Tom Morgan writes about political, financial, and other subjects from his home near Oneonta, in addition to his radio shows and new TV show. For more information about him, visit his website at www.tomasinmorgan.com
Celebrating our corner-store heroes
Sometimes heroes are easily identifiable, like our emergency responders and soldiers. Other times, it’s more difficult to see heroic qualities in those around us. But after some reflection, there are, in fact, everyday heroes just around the corner at your local mom-and-pop shops. Just recently, America celebrated National Small Business Week. There is plenty to
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Sometimes heroes are easily identifiable, like our emergency responders and soldiers. Other times, it’s more difficult to see heroic qualities in those around us. But after some reflection, there are, in fact, everyday heroes just around the corner at your local mom-and-pop shops.
Just recently, America celebrated National Small Business Week. There is plenty to celebrate when it comes to our small-business owners.
Despite the odds against them, especially those created by New York’s excessive regulation and taxation, small-business owners and entrepreneurs thrive in our communities, provide local jobs, and help create healthy and prosperous communities. Amazingly enough, small businesses employ nearly 43 percent of American workers. New York’s small businesses account for 98 percent of all business enterprises in the state and employ more than half of the private-sector workforce.
These corner-store heroes put in numerous hours doing work they love and provide services and products necessary to the local community. Not only that, but also our small-business owners and their employees are just as innovative and productive as their big-business counterparts per employee. Small businesses’ importance in our downtowns and country corners is easy to see, but they need our help.
Despite that, New York has one of the least friendly business climates in the country. With numerous taxes, fees, and fines, and pages upon pages of regulations, New York is more of a foe than a friend to our small-business heroes. We’ve made some progress in scaling back taxes and providing relief, but there is much more to be done to make it easier and more profitable to operate a business in our state. On a daily basis, I advocate for our small-business community and the jobs it generates.
While we’re working on these matters in Albany, you can help too. Help our corner-store heroes by actually shopping in locally owned shops.
If you aren’t already, consider the ways you can incorporate shopping locally into your life. The rewards generated by supporting our local job creators are well worth the effort. Not only will you help your local small-shop owner, but also the dollars you spend there are more likely to be reinvested back into your own community and into other small businesses.
Marc W. Butler (R,C,I–Newport) is a New York State Assemblyman for the 118th District, which encompasses parts of Oneida, Herkimer, and St. Lawrence counties, as well as all of Hamilton and Fulton counties. Contact him at butlerm@assembly.state.ny.us

TERACAI has hired Scott Stowell as an account executive. Prior to joining TERACAI, he worked in legal services at Counsel Press LLC. Stowell holds an

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