2016: More Profits, Less Chocolate
The year 2016 has arrived and with it, our annual declarations of New Year’s resolutions and fresh starts. My resolutions this year are to win the lottery, compete on Dancing with the Stars (as a star of course), and limit myself to only ONE pound of chocolate per day. In reality, statistics show that only […]
Economic Impact of The UGA SBDC
The annual economic impact study of the University of Georgia SBDC, published in August of 2015, provides solid evidence that entrepreneurs utilizing SBDC assistance experience employment growth significantly greater than the state average. All clients who received five or more hours of consulting in 2013 received a questionnaire that inquired as to the benefit of […]
The Answers Are Different This Week
“In preparing for battle I have always found that plans are useless, but planning is indispensable.” -Dwight D. Eisenhower For many of us, allocating time to plan becomes a significant challenge of priorities. Do we work on the urgent or the important today? Frequently, this becomes the question of the day. In most cases, if […]
Enhancing Your Brand
Your brand is what your company stands for in the mind of the customer. Many people believe branding is nothing more than a fancy logo. While this helps people notice you, your brand is so much more than that. Your brand is how your company is perceived overall in the marketplace. That’s why it is […]
Impacto de los Negocios Hispanos en los Estados Unidos
No es una sorpresa que la economía de los Estados Unidos sea impulsada por el crecimiento del consumo de los hispanos ya que es el grupo minoritario con mayor fuerza de adquisición. En este país residen 53 millones de personas de origen latino, se calcula que para el año 2060 la población hispana totalizará 128.8 […]
Can You Raise Money through Crowdfunding?
Although there have been many successes, there is a lot of misunderstanding out there about how crowdfunding may help small businesses. If you are considering crowdfunding, here are some ways to improve your chance of success. See a CPA and attorney Crowdfunding is not free money. The crowd typically gets a “perk” for their contributions. […]
Know Your Numbers
I recently met with a client in the specialty food business. The company, in short time, gained product placement throughout the southeast in one of the largest grocers in the United States. However, her company is operating at a loss, and to make matters worse, her cash balance is dropping faster than her operating losses. […]
The Financials – Friend or Foe?
Daily at the SBDC (Small Business Development Center) we have the privilege of working with entrepreneurs from a broad range of industries. Although the industries may vary, many of the challenges entrepreneurs face are common, no matter what the industry. One such challenge we often see relates to numbers and financial statements. When it comes […]
