Starting and growing a business is not for the faint-hearted. The road is filled with land mines that can derail a person who is not wired for entrepreneurship. If running a business was easy, there would be many more entrepreneurs. Passion: how passion drives the business idea and subsequently drives business success.Read More
Sara Laroux hoped to run her own veterinary clinic one day. In 2014 her dream became a reality when she took over the Tilton Veterinary Hospital. Financing such an endeavor took some creativity, Sara said, and a lot of players.Read More
The U.S. Small Business Administration (SBA) provides several pieces of the funding puzzle, placed somewhere between conventional commercial financing and alternative lenders. While the SBA is not a direct lender (other than the disaster loan program), we support a variety of lending partners who work in this space.Read More
The Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5, 2012. One of the most novel aspects of the JOBS Act was that it would allow unaccredited individual investors to make investments in companies through the private marketplace, much as accredited investors have been permitted to do for many decades. In common practice it may be referred to as Equity Crowdfunding.Read More
Some potential small business owners come to NH SBDC with one business idea and it can be a pretty fuzzy one at that. With Marty Parichand, however, the advisor’s challenge was a little different. This client had an abundance of ideas combined with an abundance of energy, and the background and skills to back up his ambitious plans.
It’s lonely at the top. Many small business owners believe that their absence of middle-managers leaves all management on their shoulders. This belief is unfounded. Small business owners have unrecognized management resources; they just do not see them as potential team members. Read More
When Lynne Gruskowski and Andy Calnan of Massachusetts began looking for a B&B to run in Vermont, their journey eventually led them across a different border, to New Hampshire’s White Mountains, and to Stewart Gates, an NH SBDC business advisor, whom they now call “our main man.”
It’s three o’clock in the morning. Something woke you. Was it your anticipation of the delivery of your next inventory shipment - while hoping the payment from the client’s last order appears soon? Or your anxiety about the new accounts on the horizon? (Which, mind you, are not yet accounts, but you are optimistic - a good trait of an entrepreneur!) Or are you stressed about the frantic process of creating inventory to fill those new orders? Read More