Category Archives: Blog

BLOG: Financing your Business Part II – Credit Factors

iStock_000003732935SmallThe first part of this series, An Overview of Business Financing, gave you important questions to help you determine your need for financial assistance.  We also briefly touched on some of the programs the SBA provides to assist business owners that are seeking financing.  However, before you can qualify for SBA’s financial assistance, you should first understand some basic credit factors that apply to all loan requests.
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BLOG: Registering as a Government Contractor

In our “Choosing your Entrepreneurial Path” series we discussed Government Contracting as one of the options.  Since this is a Virginia SBDC blog and the government literally lives in our backyard, it is likely that many of the entrepreneurs who are reading this are considering or already are building a government contracting business.

With that said, in this and future post we are going to dive much deeper into government contracting and the federal contracting process.  To start us off we are going to look at the importance of small business classification and the registration process. (more…)

BLOG: Business Loans – Overview

When looking to fund your business, there are many options available.  Depending on what type of business you are operating or looking to start, the amount you need and the reason for your funding will likely determine the type of financing you want to obtain.  In future posts, we will look more closely into the most common type of financing businesses obtain through the SBA.  However, to give you a general idea of the different financing options available, here is a brief overview: (more…)

BLOG: Financing your Business Part I- An Overview of Business Financing

Now that you’ve chosen or possibly started down your entrepreneurial path, the next step is to determine how to finance the start or the ongoing operations of your business.  But first, there are certain things you should think about.

Questions to ask yourself before seeking Financial Assistance

1.  Do you need more capital or can you manage existing cash flow more effectively? (more…)

BLOG: Choosing your Entrepreneurial Path: Franchising

An important step in the small business startup process is deciding whether or not to go into business at all. Each year, thousands of potential entrepreneurs are faced with this difficult decision; because of the risk and work involved in starting a new business, many new entrepreneurs choose franchising as an alternative to starting a new, independent business from scratch.

One of the biggest mistakes you can make is to hurry into business, so it’s important to understand your reasons for going into business, and determine if owning a business is right for you. (more…)

BLOG: Choosing your Entrepreneurial Path: Government Contracting

In a previous blog post, we talkedabout some of the different entrepreneurial paths one could choose.  Today, we are going to give you a brief overview of Government Contracting and whether this path might suit you.  As we explore the different paths we will start with some of the reasons why a particular path might suit you in regards to your military experience and the advantages that come with being a veteran. (more…)

BLOG: Choosing your Entrepreneurial Path: Buying a Business

Many find the idea of running a small business appealing, but they lose their motivation after realizing, as they develop their business plans, talk with investors, and research the legal issues associated with start-ups, that it can be a big risk. For those disheartened by such risky undertakings, buying an existing business is often a simpler and safer alternative. (more…)

BLOG: Becoming an Entrepreneur Part III: Five considerations to help you determine your entrepreneurial goals

Path to EntrepreneurThis is the final part of our initial Becoming an Entrepreneur series.  As a quick recap, we have discussed the questions you should ask yourself before deciding to become an entrepreneur and the most common reasons why small businesses fail.  If you still believe you have what it takes to become an entrepreneur – Congratulations, it’s time to get to work!  So now the next question is what type of business do you start?    Here are five things you should consider when deciding on the type of path you want to choose. (more…)

BLOG: Becoming an Entrepreneur Part II: Why small businesses fail and the resources to help you with your new journey

In the first part of this series we discussed self-reflection and the questions you should ask yourself to decide whether the entrepreneurial path is right for you.Starting a small business is always risky, and the chance of success is slim, but recognizing the reasons businesses fail and avoiding common pitfalls can be some of the keys to success. (more…)

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