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Find Diverse Businesses Easier with DBEsearch.com – A Success Story

April 25, 2024

In 1983, the first Disadvantaged Business Enterprise (DBE) provision was enacted by Congress, requiring the U.S. Department of Transportation to ensure that small disadvantaged businesses must be included as suppliers on federal, state, and local infrastructure contracts. Since then, the policy of helping socially and economically disadvantaged minority, woman, veteran, and disabled owned businesses has expanded.

A 2017 Transportation Act made it a requirement for any government contractor to spend a certain percentage of dollars on diverse suppliers for road, railroad, and other infrastructure projects.

It was this requirement that essentially sent Matthew Reed, President of JCR Construction on the path to create DBEsearch.com. JCR Construction is a utility contractor who builds power lines for various utility companies in the Northeast.

Big financial mistakes and how to avoid them

April 23, 2024

By Barbara Nuss, CPA
Profit Soup

What must you get right to be financially successful? At Profit Soup, we LOVE numbers. You probably expect us to say something like this:

“To avoid financial problems, study your numbers.”

Academically, it’s a sound approach. Realistically, you cannot build a profitable, sustainable enterprise without a skilled and passionate team living out a selling culture with efficient operations.

Financial statements and KPIs represent the voice of your business, giving you feedback on how well the team is managing the important business functions. Having a sound, regular financial review routine is an important function of a profitable enterprise. It points you to problem areas you need to investigate, such as rising costs and timely price adjustments.

Crest Haven Farm Market: A Local Success Story of Growth and Community Spirit

April 18, 2024

From Local Legacy to Thriving Success Story: Crest Haven Farm Market in Danville, PA, is more than just a place to buy groceries. It’s a cornerstone of the community, boasting a rich 52-year history. But in 2017, when Scott Keefer and Shawn Snyder took the reins, they embarked on a journey that transformed Crest Haven into a thriving local success story.

A&E Engineering Overcomes Pandemic Challenges, Thrives Under New Ownership – A Success Story

April 11, 2024

In the face of a global pandemic, many businesses struggled to stay afloat. A&E Engineering, a full-service civil engineering firm in Pocatello, Idaho, is a testament to perseverance and strategic adaptation. This is the story of how A&E not only weathered the storm but emerged stronger under new leadership.

Have You Filed Your BOI Report Yet? For Most SBDC Members, It’s Required in 2024 for Ongoing Compliance

April 10, 2024

By Frank Tumminello

If your company was formed or is operating within the United States, it’s most likely one of the more than 33 million entities required to submit a Beneficial Ownership Information (BOI) Report in 2024.

If this is news to you, you aren’t alone. The U.S. Department of Treasury hasn’t exactly done a great job of educating the small business community about the new requirements, and the guidance that is available is muddled with government jargon.

We’ve got you covered, though. Keep reading for a simpler explanation of BOI reporting requirements.

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