Grayson SBDC Promotes Small Business Success

Grayson SBDC (Small Business Development Center) is a nonprofit professional management counseling service for small businesses in the North Texas area. There are currently over one thousand SBDC’s located throughout the United States.

Our staff consists of Certified Business Development Specialists as well as a QuickBooks ProAdvisor™. Grayson SBDC’s goal is to promote small business success. We also aim to assist small businesses in creating jobs as well as economic growth.

Our services include counseling sessions as well as training classes and seminars. We also provide additional assistance in selected areas, such as risk management, technology assistance, and enterprise excellence. Counseling topics will be customized for each client based on a needs assessment. These topics may include help in determining how much money will be required to start and operate the business as well as research related to the proposed business. Our training classes and seminars cover topics such as business start-up basics, financial management, and record keeping.

If you are looking to start a small business, you should begin by making an appointment to receive counseling from your local SBDC. This counseling is free of charge! Our advisors can help you write a business plan if your business is located in Grayson or Fannin County in the North Texas area. This plan is essential for new businesses because it includes information about your employees, customers, industry, products, and services.

The majority of SBDC services are focused more on challenges faced by existing businesses. These challenges include expanding into online commerce, management reorganization, redesigning a marketing plan, entering international markets, and more.

Grayson SBDC welcomes any small business that is in need of a helping hand, whether it be in training or one-on-one counseling.

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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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 .