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Grayson SBDC Promotes Small Business Success

The Grayson Small Business Development Center (SBDC) is a management counseling service for small businesses, funded by the U.S. Small Business Administration, the State of Texas and Grayson College. We are part of a network of over 1,000 SBDC offices located throughout the United States and U.S. territories.

Our goal is to assist entrepreneurs in establishing new businesses, creating jobs and boosting economic growth. Our staff is composed of Certified Business Development Specialists with experience and expertise in various areas of business management and development.

SBDC services include one-on-one advising as well as training classes and seminars. Topics include basics such as how to start a business, developing business plans, creating financial projections and business marketing. For established businesses we also provide assistance related to importing and exporting, government contracting opportunities and accounting and recordkeeping.

If you are considering starting a small business your first step should be contacting a Small Business Development Center for assistance. Our confidential advising services and many basic training classes are free of charge. Contact us today to see how we can assist you in achieving your dream of business ownership.

Top 10 Mistakes Small Businesses Make

Failure to seek assistance from objective business advisors

Entrepreneurs need an objective ear or “sounding board” to help evaluate a business idea. It is very difficult to be thoroughly objective about your idea or product. Ask for help from a trusted third party but be careful that the person(s) you share the idea with will maintain complete confidentiality. Small Business Development Centers were created for the purpose of providing assistance to the entrepreneur or small business owner. Take advantage of their free counseling services. SBDC office locations can be found on the U.S. Small Business Administration website.

Failure to assemble a strong team of advisors

Entrepreneurs and small business owners need a strong team of advisors. The team might include an attorney, an accountant, someone with expertise in marketing, a lender and other individuals with business ownership or management experience. The team might also include counselors at a Small Business Development Center or with the Service Corps of Retired Executives. Both organizations provide free business management counseling and training and are funded in part by the U.S. Small Business Administration. For locations, check the SBA website.

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|ANNOUNCEMENTS

Small Business Bootcamp

Monthly: For specific time and location call Grayson SBDC office at 903-463-8787 as dates, times and locations vary month to month.

Fee: No Charge

Class Description: Basic workshop on starting a new business in Grayson County or Fannin County. Workshop covers feasibility, business plan preparation, choosing a legal entity, sources of capital, licenses and permits, how to prepare a business plan and how to estimate start up and operating costs. Pre-registration is required. To register call 903-463-8787 .