| Financial advisors often find themselves
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| | A business in the electrical equipment
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| consulting to successful entrepreneurs
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| | industry finds new customer segments.
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| about how to continue to grow their
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| | Investors and inventors find value in a
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| assets after the business has been sold
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| | flooring company start-up.
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| or taken over through a carefully planned
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| | An environmental product company breaks
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| succession strategy. But developing a
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| | past the $15 million mark with a new
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| small business (defined here as having
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| | product.
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| less than $50 million in annual revenues)
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| | An ornithology hobby becomes a
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| is not so simple.After the initial burst
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| | successful business venture.
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| of business success and survival in the
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| | An outdoor equipment manufacturer finds
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| first three years, many small businesses
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| | a potential acquisition.
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| encounter struggles that can leave them
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| | Customer purchase decisions and
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| feeling isolated. What can assist a
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| | perceptions are revealed to a
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| 30-year old consulting firm whose
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| | manufacturer.
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| personal presence and paper products face
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| | An automotive aftermarket tool gains
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| a changing world of electronic presence
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| | distribution outlets across the U.S.
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| and high travel costs by helping them
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| | A "hot" tool is offered to the propane
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| with development of electronic products?
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| | and plumbing industries.Part of the
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| What can encourage a small playground
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| | success of these entrepreneurs and a
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| equipment manufacturer to move from $1
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| | couple of hundred thousand others is due
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| million to $2 then $5 million in annual
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| | to the one-on-one relationship of these
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| revenues by helping her with facility
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| | advisors with their entrepreneurial
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| expansion issues? What can help a
| |
| | clients. Developing business plans,
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| successful cookie baker beat the
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| | wading through loan applications,
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| competition through strategic partners,
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| | securing critical market research,
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| cause marketing and high tech kitchen
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| | exploring product design options,
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| equipment?Small Business Development
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| | identifying a lasting competitive
|
| Centers can.According to the Small
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| | edge---these are typical of the services
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| Business Administration these SBDC's gave
| |
| | that SBDC's can provide to the
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| face-to-face help to more than 247,000
| |
| | entrepreneur.These services are nothing
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| clients last year. A treasury of business
| |
| | to be sneezed at. In another state, South
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| answers lies waiting and ready to assist
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| | Carolina, the economic impact on the
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| at 1,100 top colleges and universities
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| | state's economy in 2005 alone was $86
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| across the United States, according to
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| | million, resulting in a return on
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| the SBA. These centers are funded by a
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| | investment of $121.11 for every dollar of
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| combination of federal, state and local
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| | state funding, according to Regional
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| government monies as well as with private
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| | Director Jill Burroughs as quoted in the
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| sector dollars.Here are just few examples
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| | Greenville News. Further explaining the
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| from the State of Wisconsin. The
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| | power of the program, Burroughs said that
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| University of Wisconsin at Whitewater
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| | breaks down to $45.7 million in capital
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| hosts a Small Business Development
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| | formation, 1038 jobs created, nearly $25
|
| Center at Its email is This center is
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| | million in wages paid, $869,000 in
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| also affiliated with the Wisconsin
| |
| | additional sales taxes and $15 million in
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| Innovation Service Center, that "takes
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| | contracts awarded to 381
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| pride in an extremely high rate of client
| |
| | businesses.SBDC's are located in all 50
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| satisfaction...nearly 75% of clients have
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| | states, the District of Columbia, Guam,
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| been referred by former clients and
| |
| | Puerto Rico, Samoa and the US Virgin
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| professionals. The Wisconsin Innovation
| |
| | Islands. If you conservatively cut the
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| Service Center charges an "affordable
| |
| | impact of South Carolina in half and
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| fee" to provide companies with enough
| |
| | multiplied by the 50 states, you would
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| information for improved product and
| |
| | have a $2.1 BILLION impact.This is a
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| market development decisions.A few
| |
| | powerful treasury of real riches that
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| diverse examples of this
| |
| | spills over to the rest of the economy
|
| university-related treasury of successes
| |
| | from the struggles of entrepreneurs who
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| include these:A local gardener gained
| |
| | refused to let their dreams be defeated
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| international attention for a unique
| |
| | by the obstacles they encountered. They
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| gardening tool.
| |
| | got help.By Simone J. Nathan, author of
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| An innovative drywall finishing product
| |
| | "Going for Gold After 50: An Illustrated
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| offers significant benefits over
| |
| | Guide to High Probability Investing," and
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| competition.
| |
| | Managing Partner of GA50, Inc., founded
|
| A new product helps a honey producer
| |
| | to increase savings sensibility and add
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| grow.
| |
| | quality to longevity.
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