BLOG: Legal and Financial Issues in Sustaining Your Business

BLOG: Legal and Financial Issues in Sustaining Your Business

A deployment plan -- along with careful preparation, employee involvement and training, arranging from good financial management, and trust in the persons running your business -- are the tools you will need to successfully to sustain your business during long-term absences.  In this post we will discuss some of the legal and financial considerations for sustaining your business; however, you should also work with your legal and financial advisors to ensure that your plan complies with all laws and regulations. (more…)

BLOG: SBA 7(a) Loans — Basic

7(a) loans are the most basic and most often used of those in the SBA’s business loan program. The purpose of this loan is to help start-up and existing small businesses with financing, guaranteed for a variety of general business purposes. (more…)

BLOG: Deployment: Sustain or Suspend Your Business

Please Note:  This series, “Preparing your Business for Deployment,” is focused on our military entrepreneurs who may have to deploy.  However, the information and checklists would apply to any business owner who may need to take a sudden leave of absence from their business due to a life changing emergency.  It is suggested that all entrepreneurs should have some sort of plan in place in case they need to either sustain or suspend their business in their absence.  (more…)

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.
(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. (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…)

1 2 3 4 5 6 7 8 9
Virginia SBDC