UGA SBDC Helps Entrepreneur Through Contest

UGA Small Business Development Center helps entrepreneurs through contest

“There’s a value to doing a business plan whether you are part of a competition or not,” Butler said. “But when you’re part of a competition, it kind of intensifies their effort, their focus on it and also allows them to gain some feedback.”

Are your employees really exempt from overtime pay?

Are your employees really exempt from overtime pay? – Rick McMurtrey Most jobs are governed by the FLSA. Some are not, however, very few are not covered by the FLSA. Some jobs are excluded from FLSA coverage by statute. Other jobs, while governed by the FLSA, are considered “exempt” from the FLSA overtime rules. Employees […]

QuickBooks Online Tip:

QuickBooks Balance vs. Bank Balance Discrepancies – Eric Frickey   QuickBooks Online displays two balances for each QuickBooks account to include checking, savings, credit cards, etc. When logging in the dashboard will display a bank balance and a QuickBooks balance. The bank balance is the actual balance typically reconciled form bank statements while the QuickBooks […]

Manage Your Business Taxes – Don’t Let Them Manage You

savings, finances, economy and home concept - close up of man with calculator counting money and making notes at home

As an SBDC Business Consultant, I have the opportunity to work with a lot of business owners, and one of the things I have figured out is that NONE of them got into their businesses so that they could pay taxes. The restaurant owner wants to serve really great food. The car dealer is a car guy. But taxes are a fact of business life. So, it is a good idea to have a game plan to handle them in an efficient way so that you can focus on the real reason you got into business in the first place. Here are a few suggestions:

Passion for Pets Pays Off

Pawtropolis in Athens, GA

Crook acquired the loan and opened her business. About five years later, she approached McDonell for help obtaining a $1 million SBA 504 loan, which she used to purchase land and build the first Pawtropolis. Five years after that, with 25 employees and trainers, an award-winning business and a facility filled to capacity, Crook again turned to the SBDC. After attending the GrowSmart™ program, she asked McDonell to help her create projections for a $2.2 million loan she received and will use to build a second, larger facility on land she had purchased.

Times Are Tough-Scrutinize Every Input Choice

Seems like most everybody who retails ag inputs is offering products that they profess will boost yields, even make ‘em skyrocket. Only problem is, claims often aren’t backed up with unbiased data to prove that these materials provide growers with a return on investment–that ROI that should guide every decision.

6 Ways to Spring Clean Your Small Business

6 Ways to Spring Clean Your Small Business

It’s exactly like regular spring cleaning except it involves way less elbow grease and a lot more professional evaluating. Okay, so it’s nothing like regular spring cleaning.