Posts Tagged ‘SBA’

I really didn’t plan for that kind of alliteration, but here goes: Have you ever tried to complete a complicated RFP from a state agency you want to do business with? Harrowing experience, right? Nonetheless, businesses across the nation forge ahead and do it, hoping against hopeĀ  that just maybe their small business will be granted the deal.

tangledHow about trying to get financing for your start up? Nowadays, that tight rope walk is more daunting than ever before, as stricter standards have made it almost impossible to get an SBA loan to start your dream business.

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This is the crux of several client issues that I’ve been working through this week: While each client has a great idea, all of it is in their head, on sticky notes, and buried in emails and notepads – not exactly the formula for success, as there’s no structure. Three times this week alone I’ve been asked to work up a coaching plan and marketing plan, but each time when I ask, “Do you have a business plan?”, I get a blank stare or response followed by, “Do I really need one, I’m not taking a loan to start this venture.” For some budding entrepreneurs, they believe putting a shingle out is good enough or “if I have a nice brochure, people will gobble up my widgets.” Not so fast! When you’re taking a long journey, most will agree you need a roadmap. Business adventures are exactly the same, and your business plan is that map; without it, you can expect aimless, misdirected results, not to mention a considerable waste of your startup resources.

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