Why You Should Try Small Business Development Centers

Development of a small business enterprise may sometimes prove difficult, especially if you have big ideas but no money to set up the venture. Sometimes, money is not even the problem, but organization of those ideas into profitable gains. This is where Small Business development Centers come in.

These are centers from which one can gain all the necessary information on the procedures, rules and regulations that govern the development of an enterprise. The centers are located in every state of the United states and it is very easy to trace them depending on where you live. Consultants at the centers offer counseling services to people who are just starting out or those who are already established but wish to expand their enterprises. These services are offered free of charge.

The Small Business Development Centers also facilitate practical seminars that help you see how you can convert mere ideas into income generating activities. It is through the seminars and web seminars that you can get all your frequently asked questions answered. You also get an update of all the current happenings in the enterprise sector.

The centers, in addition, offer training services on the basics of running an enterprise, including book-keeping and customer relations secrets. They will also show you how to make use of technology to make the most out of your enterprise. Furthermore, you can get a directory on which you can find contacts of other enterprises with which you can partner with for better results. Try out the centers and you will not regret your decision.

Technical Advice Available For Minority Small Businesses

There are numerous components to starting and growing a small business, it can become overwhelming. Fortunately, there is free expert advice available for minority business owners (or aspiring owners). Plus, there is specialized advice for minority business owners also.

SCORE
The formerly named Service Corps of Retired Executives is now formally known simply as SCORE. This is an organization of retired business executives who provide free advice to small business owners. This could be working through problem issues in business to developing a business plan. There are offices nationwide to approach for help.

SBA SBDC
The US Small Business Administration (SBA) has Small Business Development Centers (SBDC) throughout the United States. They help businesses with technical help and with securing financing. The SBDC’s are very good help for developing documentation for SBA loans. They also have good primer information for government contracting.

MBDA MBEC
The Minority Business Development Agency (MBDA) has a number of minority business development centers throughout the US. Renamed Minority Business Enterprise Centers (MBEC) the centers are very good on working with minority preference programs for government contracts. The centers are a strong contact for networking opportunities among minority businesses. There are also Native American specific centers.

P-TAC
The United States Department Of Defense (DoD) funds a number of Procurement Technical Assistance Centers (PTAC) to assist small businesses with DoD contracts. A PTAC will be very good in assessing a business’s potential as a DoD vendor. However, they can also assist a business with standard government procurement (civil purchases) too.

With all this technical assistance freely available, there should be no need to hire consultants for a beginning business. Also, the centers are very good in helping a small business get a grasp on minority preferences for government contracts.

Free Counseling and Advice Every Startup and Growing Business Needs To Succeed

Business counseling fees can be extremely expensive and not knowing where to turn for business advice can be a significant waste of valuable time. That is why there are 80 Business Information Centers (BICs) in the United States and over 1,100 Small Business Development Centers (SBDCs). Not only do they provide small business owners with free counseling, but they also have an extensive reference library of books, publications, and video tapes. Small Business Development centers and Business Information Centers help with start-up business planning or assist in expanding an existing business.

BICs are partnered with the Service Corps of Retired Executives (SCORE) to provide businesses with free business counseling. Retired business men and women volunteer their expertise and experience to assist with any issues that may be confronting your business. These men and women can also assist you in developing a customized business plan for your specific business needs. There are over 10,500 SCORE volunteers in 389 chapter locations who assist small businesses across the country. SCORE also provides an online counseling initiative for businesses. More information on this can be obtained at the SBA.gov website.

Business Information Centers are constantly adding new resources to serve the needs in their local business community. Some BICs, such as the Sacramento Business Information Centers, offer bookkeeping, tax planning, budgeting, business financing and loan information, developing business plans, legal information, management skills, and marketing techniques to name a few of the areas BICs specialize in. The majority of all major cities provide BICs.

The Small Business Development centers are a training resource which is a cooperative effort of the private sector, the educational community and federal, state and local governments. It is the Small Business Administration’s (SBA’s) largest resource partner and an initiative that enhances economic development by providing small businesses with management and technical assistance. There are more than 1,100 SBDC lead and service centers located around the country. To locate the nearest development center to you visit the following page created by the Small Business Administration (SBA): http://www.sba.gov/sbdc/sbdcnear.html.

Further information on SCORE can be found at SCORE.org. Their website contains more free information for businesses including a unique template gallery which gives businesses templates for business plans, cash flow projection reports, balance sheets, break even analysis reports, cash flow statements, competitive analysis reports, and more. You can also locate the nearest SCORE office via their website.

The SBDCs, SCORE, and the Women’s Business Center all fit into the SBA’s Office of Entrepreneurial Development.