Daniel Daigle dreamed of owning his own Powersports dealership. This is why he bought, remarketed, and opened Mountain Side Powersports in Wilton. Located near some of the best trails in Maine, this family-owned and run business will continue the long tradition of selling and servicing snowmobiles, ATV’s and UTV’s, snowblowers, and landscaping equipment.
After first being denied, Dan worked with his bank, Infinity Credit Union, and the Maine SBDC to make needed improvements. Working alongside Business Advisor Peter Harriman, Dan worked to re-analyze his original proposal, together they did more research, and dug deeper to really understand what was going to be involved and what it would take to make it work. The results – a business plan that Infinity Credit Union could trust and back with the loan approval.Read More
By: Business Advisor Peter Harriman
Nothing is as confusing as when a newly rolled out program experiences the growing pains of change. Many business owners had just become comfortable with the 8-week PPP Covered Period when suddenly they were confronted with an unexpected twist – 24 weeks? Read More
By: Brad Swanson, Business Advisor
For many small businesses, 2020 was a year that started with promise and great potential for continued growth and success. As we reflect on the year, it is very easy to get caught up in thoughts about the world health crisis that swept into our lives in March. In particular, the specter of COVID-19 has shocked and staggered our small business economy here in Maine. It is impossible to ignore the struggles that this pandemic has brought to so many. None of us has endured a time like this, where all aspects of our communities are so impacted, so challenged.Read More
In August 2020, Maine SBDC partnered with Richard Arend from the University of Southern Maine to survey hundreds of Maine small business owners. The survey sought insight into how businesses have been impacted by the pandemic and the steps they have taken as a result.
Here’s our findings…Read More
By: Jennifer Boutin, Maine SBDC
Maine would not be the same without the small businesses that make our communities unique, or without the hardworking business owners who create jobs for our families, friends and neighbors. Small businesses are the core of our economy, making up over 99% of businesses in Maine.
And, these small businesses need you now more than ever. Read More
By: Maine SBDC Business Advisor Alison Lane
As we close the year with the same uncertainty that plagued our Spring, Summer, and Fall, small business owners hope to capitalize on the season that is “merry and bright”. However, changes to consumer behavior, recovering markets, and the scars from many rough months make the success of Black Friday, Christmas, and the other major spending holidays unknown. How can businesses make the best of the 2020 holiday season with their marketing efforts?Read More
With the amount of time the Coronavirus has endured, business owners might have started asking themselves not if a positive case will occur in their business, but when. On the occasion where someone has become infected, it is important to know where to look and what to do. Fortunately, there is guidance out there to help.Read More
The Long Shot Revival Homestead, in Orland, is a family farm owned and run by Joe and Haley Brown. Joe is an Army National Guard veteran and initially thought farming and raising pigs would be a good therapeutic outlet as he transitioned back to civilian life. Starting off with just a few piglets, Maine SBDC at CEI Business Advisor Shannon Byers helped them get organized and explored options for expansion, leading to the addition of poultry to the farm. Joe also gained support through a nonprofit called United Farmer Veterans of Maine, aimed at helping Maine veterans navigate and succeed in agriculture and business success. Throughout this growth, he has continued to show commitment to this community in a variety of ways including a 10% discount to fellow veterans.
Derek DeFelice is a decorated Purple Heart veteran and owner of Hero’s Pizza & Breakfast in Skowhegan. Derek and his wife Aaron have worked hard to build this local pizzeria since they purchased it in 2018. Through long hours and sheer determination, they have rebranded and remodeled the restaurant, increase sales, and hired new staff.Read More
By: Christina Oddleifson, Maine SBDC Business Advisor
Covid 19 has made it more important than ever for small businesses to have up to date information about their financial performance.
If the Covid 19 pandemic has taught us anything, it’s that small businesses with up to date and accurate financial information have fared better than those without. The ability to quickly access tax returns and financial statements has meant that these businesses were able to obtain grants and loans much faster. They could also quickly understand the impact of the pandemic on their business, leading to better and faster decision-making.Read More