UGA SBDC Aids in Expansion of Successful Co-Working Salon Studio
Amika Carter had built two successful locations of her co-working salon, Beya Salon Studios, in Atlanta and was ready to open a third near Atlanta’s West End when she reached out to Terence Strong, Fiserv business consultant at the UGA SBDC at Morehouse College, for assistance. Together they worked on strategic expansion plans, financial projections, a tenant recruitment plan and a review of the return on investment from her marketing efforts. Beya Salon Studio’s third location opened in September 2023, breaking even the first month with 21 studios leased. Now, the location is nearly at capacity with only five of its 34 spaces available.
UGA SBDC helps Panthersville Business Stand Out and Gain Steady Growth
In 2014, Nadine Marsh Coleman had the opportunity to acquire SERVPRO® of Panthersville, a franchise that provides residential, commercial and governmental water and fire restoration and mold remediation services. Her transition from a career as a software engineer to full-time business ownership led her to the University of Georgia Small Business Development Center (UGA SBDC) for assistance. Coleman’s work with the UGA SBDC guided the trajectory of her business, transitioning it from fragile to thriving, and tripling sales within the first four years of her full-time ownership that began in 2019.
Electrical Business in Tucker Finds Targeted Resources for Business Growth
Chris Wilburn knew the ins and outs of the electrical trade, but when it came time to start his own company, CW Electrical Solutions LLC, he knew he’d need assistance learning how to run a business. An online search for business education resources led Wilburn and his wife, Maria Thurston, to the online training calendar for the UGA SBDC. They took every training course they could and established an ongoing relationship with the UGA SBDC that continues to guide their business.
Technical Assistance From the UGA SBDC Opens Doors to Rapid Growth for Medical Equipment Supplier
Brookstone Medical, a durable medical equipment supplier, was successful and growing, but owner Matt Corley felt he was missing out on opportunities to further expand and ready his company for future growth. Together with our consultants, he worked on ways to improve financing, created job descriptions, updated the employee handbook, and developed a plan to add new product lines. Since then, his employee count has doubled, and sales have increased nearly five-fold since 2021.
The UGA SBDC Spotlights Small Business Impact and Trends
In Georgia, over 99.6% of businesses are considered “small” according to the U.S. Small Business Administration. As a resource for small business owners, the University of Georgia Small Business Development Center (UGA SBDC) has developed an annual publication, Small Business and Its Impact on Georgia, highlighting the impact of small businesses on Georgia’s economy and upcoming trends affecting business owners.
Apparel Brand Manages Growth with Help from the UGA SBDC
Roy Steinberg’s golf apparel business was in full swing in Albany, Georgia, but his business needed additional cash flow to increase inventory and meet demand. With guidance from the UGA SBDC, Steinberg was able to develop a strong financial plan to refinance existing loans and improve cash flow. His hard work paid off—sales for his business, Steinberg Sportswear, have tripled.
UGA SBDC Clients Named Small Business Administration Award Winners, Georgia District
For the past 60 years, the President of the United States has issued a proclamation announcing National Small Business Week as an opportunity to recognize the critical contributions of America’s small business owners. As part of National Small Business Week (April 30 – May 6), the US Small Business Administration (SBA) takes the opportunity to […]
In the COVID-19 Response, Consider Time to ‘Take a Knee’…
Back in my Army days, I was part of a Team, a Special Forces ‘A’ Team, to be more exact. We did a lot of training, carried a lot of weight over a lot of miles and built a great camaraderie together through the struggles. As I was thinking back to those days this morning […]
