entrepreneurship Archives - America's SBDC

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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.

SBDCs Nationwide Celebrate the 8th Annual #SBDCDay March 20th, 2024

March 20, 2024

After 45 years, America’s Small Business Development Centers (SBDCs) still rate highly with their clients and live up to their reputation as America’s #1 most trusted small business resource. To celebrate the SBDC program’s continued success, the work they do, and the clients they serve, March 20th, 2024, will mark the 8th annual #SBDCDay and the program’s biggest celebration of the year. SBDC Day is a national movement to help share the small business success stories and notable impact SBDCs have fostered nationwide.

Mobile Bartending Business ‘Accidentally’ Expands

December 19, 2023

Friends and business partners Misty Willbanks and Stacy Drilling started their entrepreneurial journey together in 2021 when they launched Southern Sippery Mobile Bar.

Previously, Willbanks worked with her local Arkansas Small Business and Technology Development Center on a different idea that didn’t materialize. But when the mobile bar idea came along, things fell into place.

Using Libraries to Enhance Entrepreneurship

December 6, 2023

By Jim Takeshita

Even under the best of circumstances, starting and maintaining a small business is a costly, complex, and time-consuming process. If you’re an aspiring entrepreneur with a good idea, an experienced operator trying to meet a bottom line, or a local creative seeking community connection: Where do you go if you’re not sure what your next step is?

Try your library.

Libraries, such as the St. Louis County Library, report saving small business owners significant money each year (check out the American Library Association’s Library Value Calculator for more). This potential for cost savings is a national trend: Across the United States, libraries in every locality provide entrepreneur support resources of all kinds, from workshops and networking opportunities to specialized media equipment and market research. Working with a local library is a good way for prospective and established small business owners to get the help they need—and a good way for business support organizations to extend the reach and impact of their services.

Locally Made, Savannah: A Dream Turned Reality with the Support of the University of Georgia SBDC

November 21, 2023

Embarking on the entrepreneurial journey is a thrilling yet daunting endeavor. It demands unwavering courage and a steadfast belief in one’s vision. Nick and Tonya Rintye, the inspiring duo behind Locally Made Savannah, exemplify this spirit, transforming a simple observation into a thriving business that showcases the talents of local artisans. Their success story is interwoven with the invaluable guidance of the University of Georgia SBDC, highlighting the transformative power of support and mentorship.