Small Business Development Center

SBDC Blog

guitar on fireAs Valentine’s Day is next week, it brings upon us thoughts and questions about love and passion.

It’s often claimed that “passion is the key to success.” While it’s true that most business owners launch her or his business full of passion and love for their industry, service, or product line, this vigor can diminish with the test of time – j... Read more

It can be very easy to get into quite the routine at work. If you’re like me, you roll out of the bed in the morning, eat your toast in the car on the way to work, and then slowly press start on the coffee machine as the lights turn on in the office. One of my goals for the new year is to make a few easy swaps to my morning routine and my routine in the office more environmentally conscious. 

My first swap is my drive to work. I don’t really need to drive to work. I’m fortunate to live within walking distance of my job, so my goal is to start walking to work (maybe when it's a... Read more

Recently, I’ve been thinking about time debtors. You know the type. The people that keep stacking ‘to-do’ things on their plate. Things that they’ll never actually have time to do in spite of their best intentions, or things that will take 90+ hours per week to accomplish. You’ve probably either worked with one, lived with one, or  –gasp!-  are one. There’s an epidemic of chronic busyness in modern society, and most of us are over-promising our time. Electronic communication has made it easier than ever to reach more people and make more asks than ever before.  Chronic busy d... Read more

If you have ever watched CNBC's "The Profit" you likely have heard serial entrepreneur Marcus Lemonis admonish business owners with those words.

While reviewing financial statements may not be your favorite thing to do, it’s important to keep a close eye on the financial drivers that can help you avoid a train wreck.

To help ensure that your business stays out of financial trouble, take the time to familiarize yourself with the following financial statements and mission critical numbers behind them.

1. Profit and Loss Statement:
Most business owners are at least... Read more

“That which we call a rose, by any other name would smell as sweet” – Shakespeare

I thought my task for this blog post was going to be easy… to provide our readers with some great Vision and Mission Statement examples to inspire you for the New Year. But the more I researched the topic, the more frustrated or unimpressed I became… Although I researched a number of credible sources and high-profile “successful” companies, there were conflicting definitions of, or distinctions between, Vision and Mission Statements. So, to try and bring clarity and relevance to the situation, I’m go... Read more

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