BLOG: Becoming an Entrepreneur Part I: Questions to ask before choosing to become an entrepreneur

BLOG: Becoming an Entrepreneur Part I: Questions to ask before choosing to become an entrepreneur

While a lot of people would love to be their own boss, not everyone is cut out to be an entrepreneur. If it was easy then everyone would do it, but according to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. So before you head down the entrepreneurial path, here are 10 questions you should ask yourself. (more…)

BLOG: Strategies for an Economic Downturn

Challenging economic times and market uncertainties can be especially daunting to small businesses. But the reality is that there are a number of steps business owners can take to thrive and survive. Managing cash flow, cutting costs, and refocusing marketing are key areas to address. (more…)

June is Virginia Business Apprication Month

BAM-Logo-final-3Governor McAuliffe announced that June will be designated as Virginia’s Business Appreciation Month to ensure that the history and growth of Virginia businesses are recognized across the Commonwealth. There is a crucial correlation between strong business and strong communities. Vibrant and strong communities produce strong businesses, and strong businesses make communities strong and vibrant. To view the governor’s proclamation, click here.

Global Connect: Arlington Trade Finance Seminar – June 30, 2014 8:00am

This seminar is (1) a must attend event for Maryland, Virginia, District of Columbia and Pennsylvania area businesses, especially small and medium-sized enterprises, interested in entering, growing, and succeeding in global markets; (2) a major networking occasions for financial professionals seeking to expand their client base; (3) a great learning opportunity for students interested in international trade and global businesses; and (4) offered in support of the advancement of U.S. Hispanic and other minority-owned businesses in global markets.

For more information and to register click here.

Virginia Small Business Week Awards Luncheon

Registration is now open for Virginia Small Business Week Awards luncheon scheduled for Friday, June 13 from 11am to 2pm at the Richmond Omni. Businesses may register for a table at either the Gold or Silver level. Individuals may register for $45 (plus processing fee). We are proud to have Ms. Lillian Lincoln Lambert, the first African American woman to earn a Harvard MBA and Maryland's 1981 SBPOY, as the mistress of ceremonies.

Click here for more information about the event and registration.

BLOG: Loans — CDC/504 Loan

The CDC/504 loan program is a long-term financing tool for economic development within a community. More specifically, they provide financing for major fixed assets, such as equipment or real estate.  A Certified Development Company (CDC) is a private, for profit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private sector lenders to provide financing to small businesses. (more…)

Deadline For SBA Richmond District Awards is Feb. 28th

The Richmond District Office has extended the deadline for submitting district awards to February 28, 2014.

Submission for the following categories are still wanted:
Family-Owned Business of the Year
Financial Services Champion of the Year
Minority Small Business Champion of the Year
Veteran Small Business Champion of the Year
Women in Business Champion of the Year

Nominations can be sent to:
SBA Richmond District Office
400 N. 8th Street, Suite 1150
Richmond, VA 23226
(804) 771-2400 x128


by email to:

George Mason’s Mason Enterprise Center, as part of the Virginia SBDC and UANL are establishing the first International Sister Center partnership under the Small Business Network of the Americas

Assistant Secretary of State for Western Hemisphere Affairs Roberta Jacobson and Ambassador of Mexico to the United States Eduardo Medina Mora will deliver remarks and witness the signing of a memorandum of understanding between George Mason University and the Autonomous University of Nuevo León (UANL), February 6, 2014 at 3:30 p.m. in the Delegates Lounge at the U.S. Department of State. As leading members of Small Business Development Center (SBDC) networks, George Mason’s Mason Enterprise Center and UANL are establishing the first International Sister Center partnership under the Small Business Network of the Americas (SBNA).

As Sister Centers, George Mason and UANL will cooperate on soft landing programs for small businesses looking to establish a presence in the vicinity of Monterrey, Mexico or the Commonwealth of Virginia. George Mason will be represented by the Vice President for Global and International Strategies, Dr. Anne Schiller; UANL will be represented by Vice President for Sustainable Development, Dr. Sergio Fernandez Delgadillo. The Sister Centers will also generally support activities that promote bilateral trade, share best practices in entrepreneurial assistance, carry out faculty and student exchanges, and explore other possibilities for collaboration between SBDCs hosted by each university.

Launched in 2012 at the Sixth Summit of the Americas, SBNA is President Obama’s signature initiative to promote entrepreneurship, innovation, and small business growth in the Western Hemisphere. For more information on SBNA, see For inquiries on SBNA, please contact

Nominations for small business awards being accepted by the Richmond District Office SBA

The U.S. Small Business Administration’s Richmond District office is accepting nominations for its 2014 Small Business Week awards luncheon scheduled for May 2014. The RDO will accept nominations up to February 7, 2014.

Anyone advocating small business including self-nominators may submit nomination packets. Nominations can be mailed, hand-delivered directly to the Richmond District Office or submitted online through a registration process at

The Richmond District Office will award the following categories:
• Small Business Person of the Year
• Small Business Exporter of the Year
• Family-Owned Business of the Year
• Minority Small Business of the Year
• Financial Services Champion
• Veteran’s Small Business Champion
• Women in Business Champion

Winners will receive their awards at the annual Virginia Small Business Week awards luncheon scheduled for the Richmond area in May 2014. Additional tickets will be available for purchase by supporters of small business, the business community and the general public.

Nomination materials and forms can be found at or requested through a Richmond District Office SBA representative.

Winners of each category will be submitted for national awards of the same category and will be invited to attend events during the 2014 National Small Business Week in Washington, D.C.

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Virginia SBDC