Starting a business from scratch is one of the most rewarding – and difficult – challenges to undertake. Filing for an LLC is easy, but helping the business to grow and develop requires time, effort, and unconditional (and sometimes unrequited) love.
The hurdles are significant: 20% of startups fail in the first year – a rate that jumps to well over 40% by year 4.  Top reasons for failure include: No Market Need (42%), Not Enough Cash (29%), Not the Right Team (23%), Product without a Business Model (17%), and Poor Marketing (14%).
But, if you want the coveted title of Entrepreneur, what’s the alternative? How can you reduce these risks and still achieve your goals?
Buy a Business that already exists.
Maine SBDC has partnered with the University of Southern Maine’s Cutler Institute to create a FREE, self-paced online training just for retail and foodservice small businesses! DID YOU KNOW? As an employer, you are legally responsible for safety in the workplace. Workplace violence is the 2nd leading cause of workplace fatalities in the U.S. overall… Read more »
Bangor, Maine –The Maine SBDC has selected Ann McAlhany as the 2019 State Star. The award, given annually, recognizes a member of the Maine SBDC staff that has shown exemplary performance and a strong commitment to small business success. “Ann is dedicated to the success of her clients and the Maine SBDC program. She is… Read more »
This is a great piece from News Center Maine featuring the Maine SBDC and our client Surf & Summit Motorcycle. Two great takeaways… Maine ranks best in New England to start a business according to WalletHub! Maine ranked FIRST (#1!!) in the US in business startup survival rates according to the Kauffman Foundation!
The Maine Business Development Centers (Maine SBDC), a state-wide program that helps entrepreneurs start and grow their businesses, recognized Marc Anton, Susan Desgrosseilliers, Raynor Large and Allison Watson who received their Core Competencies Professional Certification from the New England Professional Development (NEPD) group on Wednesday, May 15, 2019.
Small Business Week is May 5-11. We are hosting *FREE* webinars on topics that are most important to you. Here’s the lineup: Starting a Business in Maine On-Demand Workshop | REGISTER Monday, May 6th – RELEASE DATE New on-demand workshop will be released on May 6th, just in time for Small Business Week. Business Advisor Josh… Read more »
By: Raynor Large, Business Advisor Too often, a Seller lets external forces push them out. Unfortunately, selling a business isn’t like selling a home; a buyer’s due diligence looks deeper than the fresh coat of paint and some curb appeal. Instead, the Seller needs to start their planning years in advance for an ideal outcome.
Five exhibitors were recognized for their booth designs at this years New England Made show which took place from March 16-18, 2019 at the Sports Complex in Portland.
Small Business Development Centers Around the Country Celebrate Impact on Small Business on Wednesday, March 20th For over 40 years the Maine Small Business Development Centers (SBDC) has helped aspiring and emerging business owners achieve the American dream of entrepreneurship. On Wednesday, March 20, the Maine SBDC will join SBDCs around the country for one… Read more »
FOR IMMEDIATE RELEASE: Maine SBDC names Peter Harriman as Center Director Portland, Maine – The Maine Small Business Development Centers (Maine SBDC), a program that provides business advising and training to Maine’s entrepreneurs and small businesses, recently named Business Advisor Peter Harriman to Center Director at the Portland office located at the University of Southern… Read more »