America’s SBDC Blog

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Young Entrepreneur Trades Job Search for Fashion Dreams

November 18, 2015

defeliceAs a recent college graduate, Sarah DeFelice was committed to a career that fulfilled both her passion for fashion and her love for life in the Green Mountain State. But as she researched the local job market, few opportunities matched her criteria for happiness.

“In short, my motivation to starting my own was that my dream job didn’t exist unless I created myself,” DeFelice said. And that’s exactly what she did.

Earlier this year, the 26-year-old fashion maven opened the Bailey Road boutique at 44 Main Street in Montpelier. The store offers elevated clothing, handbags and jewelry at accessible prices.

“We are dedicated to helping our customers achieve both professionally and personally,” Defelice said. “Whether you are on the hunt for that knock ‘em dead outfit, want help updating your wardrobe or are just looking for some retail therapy, Bailey Road can be your personalized fashion expert every step of the way.”

But long before DeFelice could make her dream become a reality, she encountered many challenges along the way. First and foremost, having little financial history and assets, DeFelice struggled to prove her business was viable to lenders. “One of the hardest parts of starting a small business as a young entrepreneur is that most traditional lending opportunities look only at the numbers and not your business plan,” she said.  (more…)

The Airbnb of Construction Equipment

November 16, 2015
EquipmentShare-MO-success-storySuccess Story: Missouri

“Collin was very helpful. His efforts, his networking, have been very valuable.” — Willy Schlacks, Co-Founder, EquipmentShare.com

Impact of working with the Missouri SBTDC: Ten percent growth every week—from zero in January 2015 to $2.4 million in June 2015; four employees to 20, same time period (five months); and added an office in Dallas.

Read the whole story, and learn more about the Missouri SBTDC and EquipmentShare.com.

Lighting the Way to Business Success

November 13, 2015
PA-success-LuxTechSuccess Story: Pennsylvania
  • Wharton SBDC, Pennsylvania SBDC network
  • Client: LuxTech – SBDC client since 2013
  • SBDC Consultant:  Jacquline Jenkins

“The first start-up I worked at took us 3 years and $3 million investment to reach $1 million revenues. [LuxTech] took 1 year and $15,000 investment to reach $1 million revenues. Which would you rather do?” – Sean Darras, CEO and Founder, LuxTech

Impact of working with the Pennsylvania SBDC: Sean Darras founded LuxTech – which designs, develops and engineers LED modules that enable light fixture manufacturers to enter or expand their offerings. By the beginning of 2014, Darras had validated his business model, raised $700,000 in investment, hired 3 full-time and 2 part-time employees, built a national distribution network, and secured contracts for sales of over $5 million. (more…)

Pennsylvania SBDC Client Wins National, State and Regional Export Awards

November 2, 2015
PA-success-zeigler-bros-exportingSuccess Story: Pennsylvania

“We feel extremely honored and grateful to be recognized for our success in exporting. As a small business, we’ve been fortunate to have had the support of federal agencies such as SBA, U.S. Commercial Service, U.S. Department of Agriculture, and the support of local resources such as the Kutztown Small Business Development Center (SBDC) and World Trade Center of Harrisburg to assist us in our vision to expand globally.” – Matt Zeigler, Vice President of Operations, while accepting the SBA National Exporter of the Year award during World Trade Day in Denver

Impact of working with the Pennsylvania SBDC: Zeigler Bros Inc. is a third-generation, family-owned business specializing in the formulation and manufacture of specialty feeds. A Kutztown University SBDC client for more than 15 years, Zeigler Brothers has seen several years of remarkable growth and has recently been awarded for its achievements. (more…)

Engineering Success

October 26, 2015
M3-MarjorieMeltonSuccess Story: Missouri
  • St. Louis SBTDC, Missouri SBTDC network
  • Client: M3 Engineering Group PC – SBTDC client since 2008
  • SBTDC Consultants: Kevin Wilson (St. Louis SBTDC); Larry Dill (MO SBTDC International Trade Center); Greg Tucker (MO SBTDC)

“Kevin and his staff are extremely helpful, responsive and there for us when we need them most. They helped us obtain initial start-up funding from SBA and the Urban Enterprise Loan fund, and provided valuable training to help us navigate the murky waters of a small business start-up.” – Marjorie Melton, CEO and co-founder, M3 Engineering Group

Impact of working with the Missouri SBTDC: Secured capital funding (SBA, Urban Enterprise loans) of $545,000.00; doubled revenue from $1.2 million in 2012 to $2 million last year, and expect $2.5 million+ in 2015.

Read the whole story, and learn more about the Missouri SBTDC and the M3 Engineering Group.