As Brian Warren approached his retirement from the U.S. Air Force, his father-in-law Robert Roakes, the owner of The Village Woodworker, was ready to retire too. Warren had been working alongside Roakes for ten years and talked with him about carrying on his woodworking legacy, which led to the opportunity to purchase the woodworking business from his father-in-law. The business, The Village Woodworker, has been in the family for nearly 65 years and is known for their unique designs and quality artisanship. The Village Woodworker makes custom designed furniture and specialize in state of the art, handcrafted hardwood stools.
Brian reached out to Maine SBDC Business Advisor Ashleigh Briggs for assistance in understanding the process of buying a business. Together Ashleigh and Brian reviewed the business’s financial statements and various methodologies for valuing a business, so the seller and buyer could settle on a fair price. After settling on a purchase price with his father-in-law, Brian worked with Ashleigh to develop a business plan and supporting financial projections to be able to apply for a loan to complete the sale.Read More
Rachel Jackson is no stranger in the restaurant scene in Western Maine. She has operated two other restaurants in the area, and for years has dreamed of opening another in the Farmington area. Rachel began working with Business Advisor Larry Giroux as she explored her options and next steps in making this dream a reality.Read More
Steven Salois came to see Maine SBDC Business Advisor Peter Harriman with a novel business idea. He wanted to start a motorcycle rental business in Southern Maine. This business would be much like car rentals for travelers, but for motorcycles. This type of business is uncommon, and Steven saw a need for Maine tourists who could not bring their own motorcycle but wanted to rent one.Read More
Dandelion Catering Company officially launched in 2009 when lifelong Maine residents Christine and Christian Hayes decided to chase a dream that lead them both out of their restaurant and foodservice careers and into the world of catering. Their vision was to provide fresh, quality prepared food and celebrate the amazing local resources that Maine and New England have to offer. In addition, they wanted to build a team of like-minded individuals who understood that through hard work and high standards come success and fulfillment.
Years later, this simple recipe for success has proven effective. Dandelion Catering Company continues to capture market share with a can-do team spirit, their focus on top shelf service and creative, attractive food offerings. With this surge in growth, the company began running out of space to meet the demands of their orders. Christian and Christine knew it was time to expand their facility and reached out to Maine SBDC Center Director and Business Advisor Brad Swanson for assistance in developing a financing proposal.Read More
Stephanie LaCroix had big plans when she and her husband Roland purchased a retired fire department substation on Western Ave in Waterville. She wanted to completely renovate the building and start her own bakery. She and her husband worked for nearly 5 years to revamp the old space, but when it came time to start her business, she turned to Maine SBDC Business Advisor Rose Creps for guidance.Read More
Statewide economic development program fully accredited with several notes of commendation & best practice
The Maine Small Business Development Centers (SBDC) is pleased to announce that it has earned full accreditation from the America’s Small Business Development Centers, the national accrediting body for the Small Business Development Centers under contract from the U.S. Small Business Administration (SBA). Read More
How to Manage Your Business by the Numbers
Understanding your financials is key to operating a healthy and profitable business. This understanding helps empower you to make better decisions about the future of your business.
In this 2-hour workshop, we’ll help you answer the follow questions:
- What you should be tracking and why?
- What’s the best way to track?
- Why do financial statements matter?
- Balance Sheet – What is it?
- Profit & Loss Statement – What is it?
- Cash Flow – What is it?
- Why doesn’t profit equal cash?
This workshop will give you the necessary tools and resources to help you understand what’s going on in your new or existing business and ways to use your financials to manage and grow your business. This session is being taught by Janet Roderick, who has years of experience working with small businesses on financials as a Maine SBDC Advisor and CPA.
In Madison, Maine: November 8 from 6-8 pm – REGISTER
In Jay, Maine: November 14 from 5:30-7:30 – REGISTER
Growing up as a daughter of a female entrepreneur, Laura Catevenis knew she was destined to start a business. From an early age, she watched her mother juggle a family, job, and college. After attending the same college as her parents and earning her Associates Degree, Laura discovered her passion for Human Service right away and knew the type of business she would start.Read More
As children, Anne Hassett and her sister Carrie Lacy ate homemade pizza that their father made from scratch every Saturday night. Originally from Connecticut, Ann had property in Milbridge and spent summers vacationing in Maine, a place both sisters loved. In 2017, Anne and Carrie approached the Maine SBDC with a dream of relocating to Milbridge permanently and starting their very own wood-fired pizza truck business. They need guidance on making this happen.Read More