Posts Categorized: News & Events

Maine’s Greatest Entrepreneurial Opportunity

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. [1] 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%).[2]

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 names Ann McAlhany as 2019 State Star

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 »

Want to Exit Smoothly? Start Now

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.

News Release: Maine SBDC to Celebrate 3rd Annual SBDC Day

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 »

News Release: Maine SBDC Receives National Accreditation

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).  

News Release: Maine SBDC names Peter Harriman as 2018 State Star

 Portland, Maine –The Maine Small Business Development Centers (Maine SBDC), a state-wide program that helps entrepreneurs start and grow their businesses, has selected Peter Harriman as the 2018 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.