Posts Tagged: small business

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 »

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 »

Great Wave Sushi – Portland

White food truck with man inside smiling, Great Wave Sushi food struck with flowers

Seeing young entrepreneurs launch a new business and develop roots in their community is one of the most satisfying outcomes for the Maine SBDC.  It’s even more exciting to help them scale up, grow and succeed. For Alex and Megan Herzog, starting Great Wave Sushi is the perfect example of how a new business with… Read more »

The Frappe Shoppe – Brunswick

The Frappe Shoppe sign

Jamie Alexander fondly remembers working at the Brunswick drive-in restaurant, which her grandparents started in the 1950s. The restaurant was a staple in the community and Jamie began working there as a young teen, making milkshakes, frappes, and other drive-in favorites.  It has been her dream for a decade to bring that experience to downtown… 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 »

Sculpture Hospitality of Maine – Portland

Sculpture Hospitality of Maine logo, grey alcohol bottle silhouettes With teal and orange font reading 'Every Ounce' under a orange silhouette of the state of Maine

Phillip Badger has 17 years of experience in the bar/restaurant industry, working his way through each front-of-house position. And though he loves the bar/restaurant world, he’s not a big fan of the late hours so he’s spent the last few years consulting. Having set down roots in Southern Maine he’s ready to share his expertise… Read more »