Posts Categorized: News & Events

Maine SBDC Releases 2023 Results: Supporting and empowering entrepreneurs throughout Maine

February 26, 2024 The Maine Small Business Development Centers (SBDC) is proud to announce the release of its 2023 Annual Report. The report, available here, highlights the Maine SBDC’s impact in supporting Maine’s entrepreneurs and small businesses. The report showcases the tangible outcomes in 2023 and spotlights individual success stories that underscore the powerful effect… Read more »

Create realistic financial projections

Part of a financial spreadsheet with pen and calculator

Part 3 of the “Things we wish we knew” Blog series By: Tina Oddleifson, Business Advisor   We get it, you’re an artist, a baker, or love working on cars.  You’ve decided to start a business doing what you love, and you plan to let someone else worry about the financial details later.   But when… Read more »

New Federal Reporting Requirements for LLCs and Corporations

If you have an LLC, corporation, or other entity registered through the Maine Secretary of State, you’ll want to know about your obligations under the federal Corporate Transparency Act. On January 1, 2024 the Corporate Transparency Act went into effect requiring millions of small businesses to register with the US Treasury’s Financial Crimes and Enforcement… Read more »

Essential Steps Before You Start a Business

Lightbulb and crumbled paper to represent starting a business

Part 1 of the “Things we wish we knew” Blog series By: Tina Oddleifson, Business Advisor When we asked Maine SBDC Business Advisors about the biggest mistakes they see new business owners make (including themselves) many of the responses boiled down to the same essential thing: Moving forward before you are ready. We’ve all been… Read more »

Things we wish we knew – Blog series

Sometimes clients reach out to the SBDC after they realize they made a mistake while starting or running their business.  As advisors and former business owners ourselves, we know the feeling.  Owning a business means having to learn a lot on the fly, and sometimes you don’t get it right. But you’re not alone because… Read more »

Reflections on 2023: Focusing on Self-Care for Entrepreneurs

By: Business Advisor Anne Lancaster, Maine SBDC’s 2023 State Star Mainers are hard-working, dedicated, resilient people who lead their businesses with passion. But, being an entrepreneur is not for the faint of heart. It often means 24/7, 7 days a week, 365 days of the year, year after year after year.  Add in constant change… Read more »

Understanding Financial Statements – A Video Series

Do you struggle with financial management in your small business?  Are you intimidated by the income statement, baffled by the balance sheet, or confused by a cash flow statement? You’re not alone! Most small business owners don’t use their financial reports to their full advantage or only see them only as a tool to file… Read more »

Maine SBDC Names 2023 State Star

Photo of Anne Lancaster, Business Advisor at Maine SBDC at USM, and text that reads 2023 State Star

The Maine Small Business Development Centers (Maine SBDC) has selected Anne Lancaster as the 2023 State Star. The award, given annually, recognizes a member of the Maine SBDC staff who has shown exemplary performance and a strong commitment to small business success. Anne Lancaster is a business advisor at the Maine SBDC at University of… Read more »