SBDC Information--Small Business Development Centers

As you kick off your new small business towards success, don't overlook the opportunities available from a Small Business Development Center. The Small Business Administration has developed some valuable programs that can help small business owners who may not have enough financial resources to get started Learning about business development and different facets of financial planning are vital to growth and success of any small business. Without adequate training or experience, the company may be mixing up a recipe for disaster. Effective business development involves strategic thinking, planning, networking, and accurate record keeping. Having a stellar business plan in hand is only the first step in starting your new entrepreneurial venture; being able to outline operations in detail, and creating an independent pool of resources will help the startup business launch successfully.

Since the SBDC is managed by the SBA, the organization offers many ways to network with key community leaders and find the right assistance for your business. Each state has its own development office, usually located within a major university, or as part of an extension of the state economical development committees. You can find the nearest SBDC center here: http://www.sba.gov/sbdc/sbdcnear.html

Key functions of the program offerings include options for operations and business activities to set them in the right direction. From marketing assistance, entrepreneurial mentorship programs, business plan writing, and technical assistance with computers, the SBDC is a valuable resource for any startup with limited funds. To qualify for each program, a formal application is required, followed by an interview with the local director or program coordinator.

The main arenas where the SBDC can help your business include:

• Business plan writing or proposals
• Setting up financial statements and budgets
• Assigning key industry leaders in the community as mentors
• Providing independent consulting services
• Offering training programs
• Helping with women, minority, and veteran's business development issues
• Offering restaurant/retail programs with growth and development initiatives
• Writing a strategic marketing plan
• Building a team of employees
• Developing products or services
• Offering ongoing workshops on a variety of legal and insurance issues
• Providing seminars about accounting, tax, and payroll issue
• Finding investment and loan resources in the area
• Providing referrals for continuing education resources
• Offering discounts on software or computers, as well as business pricing for some capital expenditures

Tackling issues of human resources, marketing, and profit planning can be an overwhelming affair without the right tools and resources. Software programs to make a customized business plan are ideal for start-ups who do not have all the components of the business pulled together. Purchasing this through the SBDC may lead to a discount or free upgrades to make the investment worthwhile.

Each SBDC office has a handful of professional trainers and counselors ready for small and mid-sized businesses to maximize their resources. Some offices also offer online platforms where you can collaborate with other business owners and local agents in the area. Online collaboration on a variety of business projects, in conjunction with networking with key leaders, can pave the way for your startup success!