Did you know that the Small Business Administration has approved 459 loans year-to-date FY2018. The total for those 459 loans is $228,431,100. Small businesses in Utah are continuing to grow and prosper.
Have you ever thought about starting a B2B franchise? B2B, short for business-to-business, is a sector of franchising that’s a bit under the radar. That’s because these franchises are not as visible as food or retail franchises. But their lack of visibility shouldn’t be a deterrent. In this post, I’m going to introduce you to the world of B2B franchising, and show you why, for the right person, these franchises may be worth a look.
The Emerging Leaders Initiative provides free entrepreneurship education and training for executives of small, growing companies that are potential job creators. This intensive executive entrepreneurship series includes nearly 100 hours of classroom time. It also provides opportunities for small business owners to work with experienced coaches and mentors, attend workshops, and develop connections with their peers, local leaders, and the financial community.
As individuals we spend years establishing, managing and protecting our good personal credit ratings. With strong personal credit, access to favorable interest rates and terms when applying for credit and financing may be available at the stroke of a pen. When you have the ability to obtain financing at the best available bank rates for items such as a new automobile, home, or investment property; you have established a strong personal credit asset.
The new Region VIII Administrator is Daniel Nordberg. As regional administrator Nordberg will oversee SBA programs, offices and operations in Colorado, North Dakota, Montana, South Dakota, Utah and Wyoming. The Region VIII office is based in Denver.
If 2018 is the year for you to start a new business, here are some resources that you can use to get that dream going. The Small Business Administration (SBA) has a great list of ideas and resources that will help you with that new business.
A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business. Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment.
If you weren't able to attend this year's PTAC Symposium in October, you can still gain valuable information. The PTAC office has made available several of the presentations on their website.
Veterans have the character, discipline and skills needed to succeed as small business owners and entrepreneurs. Wondering what it takes and how you can prepare? Enroll in Boots to Business Reboot. Boots to Business is a two-step training program that provides participants an overview of business ownership as a career vocation, an outline and knowledge on the components of a business plan, a practical exercise in opportunity recognition, and an introduction to available public and private sector resources.
Retired U.S. Air Force Master Sergeant Greg Lyles and his son Chandler, a retired USAF Airman, turned their love of barbecue into a successful business that has generated over $1 million in sales in the past year alone. The idea for Lyles BBQ was sparked while the two were transitioning out of the military, but they knew they needed more resources and expertise to kindle their plan for a business. The U.S. Small Business Administration’s veteran entrepreneurial training course, Boots to Business, taught them to manage budgets and cash flow. Today, business is smokin’.