Posts Categorized: News & Events

Things we wish we knew – Blog series

People talking to each other with paper in front of them

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 »

Understanding Your Customer Through Market Research 

3 hands holding pencils, pointing at the same data point

Market research is one of the first things small business owners should consider when starting their business. This research will help you identify who your customers are, what they like, and how best to reach them.

Common Small Business Bookkeeping Mistakes

Hands holding accounting paperwork and using a calculator

Keeping accurate records of your business’s financial transactions is critical to ensure consistency and avoid bookkeeping mistakes. However, small business owners often make common bookkeeping errors that can lead to significant financial problems.

Maine SBDC Business Advisors Receive Certifications

GIF of Maine SBDC team slideshow attending NEPD 2023

Certified Business Advisors O’Brien, Treworgy, Umphrey Recognized The Maine Small Business Development Centers (Maine SBDC), a state-wide program that helps entrepreneurs start and grow their businesses, recognized three (3) business advisors who received their Core Competencies Certification from the New England Professional Development (NEPD) group on Wednesday, May 17, 2023.  Newly certified advisors include Christina… Read more »

Tips & Tricks to Repair Your Credit

Tips & Tricks to Repair Your Credit text over a hand holding a photo displaying a credit score

As a business owner, your personal credit score will impact your ability to get a business loan, secure credit lines, and even lease office space. While credit score requirements vary by institution or credit card provider, if your credit score is less than perfect, there are steps you can take to repair it!