Resources to Help Your Small Business Succeed
| Posted in Bank Blogs
Small businesses have always been a vital part of our economy and local communities. In fact, according to the Small Business Administration (SBA), there are 30.7 million businesses that make up a staggering 99.9% of all United States businesses. But as we learned in 2020, running a business can be extraordinarily challenging --- from obtaining financing to managing growth to dealing with unforeseen circumstances like a global pandemic. Fortunately, there are a number of free resources that can help you manage challenges and capitalize on opportunities – no matter what your industry. Here's a list:
Small Business Administration
On the SBA website at sba.gov, you'll find resources to help you launch, manage, and grow your small business. The site includes helpful information and guides, as well as a list of resources that may be available in your area.
Small Business Development Centers (SBDC)
Administered by the SBA in partnership with the private sector, educational community, and federal, state, and local governments, SBDCs offer free counseling and free or low-cost training on a range of topics – from managing regulatory compliance to technology development to international trade. You can locate an SBDC near you at sba.gov/sbdc.
SCORE
Founded in 1964, SCORE, short for Service Corps of Retired Executives, is a non-profit organization that offers entrepreneurs free business consultation services and advice from current or retired business owners and executives with a range of skills. SCORE mentors are available to meet with you via email, in person, or online. To find an experienced mentor to help you, visit http://sba.gov/score.
Women's Business Centers (WBCs)
If you operate a women-owned business, you can tap the expertise from Women's Business Centers, community-based resources that assist with helping women overcome barriers when starting or managing a business. Each Center offers training in finance, management, marketing, and the Internet, and offer access to all of the SBA's financial and procurement assistance programs. To locate the Center near you or learn about more resources available to women, visit http://sba.gov/women.
Veterans & Business Outreach Centers (VBOCs)
Through VBOCs, veterans and active duty members of the military and their spouses can access free business training, counseling, and referrals, as well as guidance on procurement for obtaining government contracts. To learn more, visit http://sba.gov/vboc.