SBDC

Uncertain Pathways

June 14, 2024

“These are the times that try men’s souls” Thomas Paine December 23, 1776 What types of business information do you use to make decisions with? Do you exclusively rely on internal data and reports to draw inferences from for guiding future activities? Are you more inclined to listen to external…

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Start Out Right to Build Success

April 15, 2024

Starting a business has never been an easy task. If it was easy, and if continuing business operations wasa breeze, then the failure rate of young businesses wouldn’t be so high. But it is high and stubbornlyrefuses to lower, indicating that it is no easier today than it was in…

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Business Thoughts for 2024

March 29, 2024

By Marshall Doak, SOU SBDC Director It seemed appropriate to compile a few thoughts together regarding the business ecosystem as it pertains to the start of 2024. The reader might find this strange when the first two months of 2024 have already occurred. The calendar seemingly is moving forward faster…

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When Data Makes the Difference

February 24, 2024

Over the years, we have been inundated with an increasing amount of data used in a number of ways to influence or to make arguments for one cause or another. We have become so used to hearing and seeing data that we think it has always been a part of…

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Success Building in 2024

January 16, 2024

Some of the most fascinating aspects of business management revolve around the nature of change as a business progresses through the stages of the Business Lifecycle. The lifecycle analogy is similar to human development where there is a start, growth, maturity and decline phases as a stylized structure to understand…

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Building Resilience in Your Organization

December 14, 2023

As another year winds down, it is customary to take a look back at the year’s events and reflect on the meaning of them. In many instances, 2023 has been the first year that I have heard people say that it is actually ‘post-COVID’ in their lives and businesses. Comments…

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Season’s Greetings!

November 19, 2023

One might think this is a reference to upcoming festivities, a view appropriate for this time of year. However, this article is using the reference a little differently. Tis the season to review 2023 business performance and prepare for the upcoming year with the changes that are in store for…

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A Primer on Partnerships

October 11, 2023

There are a number of inherent problems that small businesses face which can be extremely difficult to remedy. One of the most difficult areas is scaling-up, or growing the business from a small core of talent, business volume and market reach into a larger, more resilient entity. There may not…

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Let’s Talk Lending and Debt Financing

September 12, 2023

From startups to large corporations, when a business wants to expand – whether it be new products or markets or increasing the volume of business transactions – capital is needed to fund that expansion. Expansions always occur in advance of the increased revenues and profits used to pay for the…

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Head Back to the Classroom to Build Business Resiliency

August 13, 2023

Have you taken the time to think through the following questions? What makes a business good, and not just a mediocre economic performer? How are you going to address all of the changes you face as a business owner or manager and still remain profitable, especially when your staffing levels…

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The Top Line in Business Performance

July 16, 2023

If I was pressed to name the ONE item most difficult to manage in small businesses today, I believe I would settle on the people aspects of having a business. Without people involved, so many reasons for having a business vanish, such as having a market to sell to or…

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Don’t Overlook the Most Important

June 10, 2023

So much of the energy expended by businesses are centered around producing, labelling, shipping, buying, selling, recording, managing, identifying, cataloguing and quantifying…… every aspect of the business operation. The weighted emphasis placed on the ‘How of Things’ can shift management’s perception of what the business actually is and does. In…

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