GrowSmart and Succession Planning Produce Smooth Transition to Growing Legacy for Son
Calder Willingham had two choices upon graduating from the University of Georgia’s Terry College of Business in 2006. “I had to choose whether to do the corporate thing or go to Macon and help dad run and grow the family business,” he said. “Being a naive 22-year-old, I thought working for him would give me […]
Independent Pharmacy Starts Strong with Planning and Lending Guidance
Pharmacists Briana Aycock and Sarah Swinson, both University of Georgia College of Pharmacy graduates, worked six years together to create a hometown pharmacy feel at the Walmart Pharmacy in Baxley. Eventually, they knew they would have to go independent to fully achieve this dream for their patients. They began planning in April 2020. While […]
CAREER POSTING: BUSINESS CONSULTANT, MULTICULTURAL BUSINESS DIVISION
Join an environment that has been named by Georgia Trend as a “Best Place to Work”. Our team consists of a well-respected and collaborative group of professionals committed to using their areas of expertise to enhance the economic well-being of the small business community. As a trusted Business Consultant, you will enjoy applying your knowledge […]
CAREER POSTING: BUSINESS CONSULTANT, UGA SBDC AT CSU
[vc_row][vc_column][vc_column_text]Join an environment that has been named by Georgia Trend as a “Best Place to Work”. Our team consist of a well-respected and collaborative group of professionals committed to using their areas of expertise to enhance the economic well-being of the small business community. As a trusted Business Consultant, you will enjoy applying your knowledge […]
What Banks Look for When Deciding on a Business Loan
I spend a lot of time here at the SBDC working with clients on financial issues for their businesses. A lot of the time, it involves applying for a business loan. Folks often don’t have a good understanding of what a bank will be looking for when making a lending decision. The basic idea […]
Do you have enough capital to start your business?
One of the things we talk about as a significant failure factor for new businesses is being under-capitalized when they start. Undercapitalizing is simply a fancy finance term for underestimating how much money it will really take to (1) get the business started and (2) to cover initial losses while sales ramp up before […]
Thoughts on Small Business and Response and Recovery During COVID-19
Napoleon Hill, author of multiple books, including Think and Grow Rich and The Master Key to Riches, once said, “Every adversity, every failure, every heartache carries with it the seed of an equal or greater benefit.” Though it can be hard for some of us to consider a benefit or opportunity right now, in the […]
Small Business DoD Contractors – Be Alert, CMMC Has Arrived
Many reading this post are aware there are significant changes coming for Department of Defense (DoD) contractors (prime or subs) in 2020 and it is essential to be getting ready for these if you intend to continue with existing DoD contracts or obtain new ones. Currently, DoD allows a business to self-certify compliance to controls […]
