Small Business Development Center

Sunshine Kitchen partners with Florida Small Business Development Center at IRSC

Sunshine Kitchen partners with Florida Small Business Development Center at IRSC

 

Florida's Small Business Development Center

 

The National Restaurant Association estimates that one in three restaurants won’t survive their first year in business. To combat that static, St. Lucie County’s Sunshine Kitchen is partnering with Indian River State College’s Small Business Development Center to provide free consultation to clients at the kitchen.

Starting in October, the Small Business Development Center will have a full-time consultant located at the Sunshine Kitchen to provide advice and direction to small business owners and would-be entrepreneurs on topics such as creating marketing plans, developing new clients and navigating local, state and federal regulations. The consultant will also present group training programs on a variety of business-related topics that meet the needs of local businesses as well as conducting outreach activities to local trade groups and associations.

Located at 7550 Pruitt Research Center Road in Fort Pierce, the Sunshine Kitchen is a 10,000-square-foot commercial kitchen facility designed to offer culinary entrepreneurs the space to grow their business. For more information, visit: www.sunshinekitchenslc.com.

 

About the FSBDC at IRSC

The Florida Small Business Development Center (FSBDC) at Indian River State College (IRSC) is a part of the Florida SBDC Network.

The Florida SBDC Network provides tools, training, and resources to help small businesses grow and succeed. Designated as “Florida’s provider of small business assistance,” the Florida SBDC Network has more than 40 offices from Pensacola to Key West to serve the needs of Florida’s business community. Since 1976, our network of partners has helped construct a statewide ecosystem to foster the spirit, support, and success of hundreds of thousands of entrepreneurs and innovators.

The Florida SBDC Network is funded in part by the U.S. Small Business Administration (SBA), Defense Logistics Agency, State of Florida, and other private and public partners, with the University of West Florida serving as the Network’s designated lead host institution. The Florida SBDC Network is nationally accredited by the Association of SBDCs.

Ready to get your business started on the path to success? Contact your local Florida Small Business Development Center at IRSC!
[email protected] | (772) 336-6285 | www.irscbiz.com

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]
Sep. 9, 2022|

Inaugural Treasure Coast Women Who Rock awards

Inaugural Treasure Coast Women Who Rock awards

To be held Oct. 11th & 13th  in celebration of National Women’s Small Business Month

 

 

The Small Business Development Center (SBDC) at Indian River State College (IRSC) has partnered with weVENTURE Women’s Business Center (WBC) at Florida Tech’s Bisk College of Business and presenting sponsor PNC Bank to host the Inaugural Women Who Rock Awards of the Treasure Coast on Oct. 11th and 13th in honor of National Woman’s Small Business Month. 

“The Florida SBDC at Indian River State College is excited to partner with weVENTURE Women’s Business Center to elevate the profile of successful women in business and recognize the economic impact they have on our community,” said Katherine Culhane Associate Director of the SBDC at IRSC. 

The community is encouraged to nominate women who live or work in Indian River, St. Lucie or Martin CountiesNominees who reside in Indian River and St. Lucie Counties will be celebrated Tuesday, Oct. 11th, 2022, at the Indian River State College, Mueller Campus, 6155 College Lane, Vero Beach, FL  32966.  Nominees from Martin County will be recognized Thursday, Oct. 13th, 2022, at the Indian River State College Chastain Campus, 2400 S.E. Salerno Road, Stuart, FL 34997.  Both events are luncheons, taking place 11:00am-1:00pm.  

Kathryn Rudloff, Executive Director of weVENTURE WBC notes that her organization has hosted the Women Who Rock Awards in Brevard County for the last 14 years. “We are so excited to partner with the SBDC and PNC Bank to bring this popular event to the Treasure Coast,“ Rudloff stated.  

The 2022 Women Who Rock Awards categories are:

  • Small Business Owner of the Year, Presented by PNC Bank
  • Executive of the Year, Presented by Bank of America
  • Excellence in Mentorship, Presented by SBDC at IRSC
  • Women Trending in Tech, Presented by weVENTURE WBC
  • Excellence in Caregiving

The nomination period will be open until September 9th.  After evaluating nominations to ensure they meet the award criteria, finalists from each category will be announced and celebrated in promotions during the weeks leading up to the event. One outstanding nominee from each category will be recognized as a 2022 recipient of the Women Who Rock Awards.  For more information call (321) 674-7007 or to submit your nomination, send correspondence to [email protected]

Sponsorships are available for both events and include tickets to the event.  Tickets to attend either luncheon are $50 and are available for purchase online.  All proceeds benefit weVENTURE WBC and SBDC community programing. Please visit https://weventure.fit.edu/events/women-who-rock-awards/

 

About weVENTURE WBC

weVENTURE Women’s Business Center (WBC) was launched in 2007 at Florida Tech, accelerates growth for entrepreneurs by providing customized coaching, business education, mentorship and networking programs. weVENTURE WBC also strives to be the leading voice and resource for professional women across all industries, providing leadership development and purposeful networking events for women on the Space and Treasure Coasts. weVENTURE WBC is funded in part through a cooperative agreement with the U.S. Small Business Administration. For more information, or to register for weVENTURE WBC courses and mentorship programs, visit https://weventure.fit.edu/ or call 321-674-7007.

About Florida Institute of Technology

Florida Tech was founded in 1958 at the dawn of the Space Race that would soon define the Atlantic coast of Florida and captivate the nation. Now the premier private technological university in the Southeast, Florida Tech is a Tier 1 Best National University in U.S. News & World Report and one of just nine schools in Florida lauded by the Fiske Guide to Colleges. Florida Tech is ranked among the top 5 percent of 20,000 degree-granting institutions worldwide in the 2020-21 World University Rankings and has been named a Top College and Best Value University for 2019 by Forbes. Florida Tech offers bachelor’s, master’s and doctoral degrees in aeronautics and aviation, engineering, computing and cybersecurity, business, science and mathematics, psychology, education and communication. Learn more about our relentless pursuit of greatness at floridatech.edu

About the Florida SBDC Network: 

For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.

In 2019, Florida SBDCs provided 114,064 hours of professional business consulting to 12,535 client businesses, resulting in 37,966 jobs impacted; $4.4 billion in sales generated; $496.5 million in government contracts acquired; and $255.3 million in capital accessed; and 453 new businesses started. With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

About PNC Bank

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

 

Aug. 12, 2022|

FSBDC Admin and IRSC graduate wins statewide award

FSBDC Admin and IRSC graduate wins statewide award

 

Katie Muldoon

Katie Muldoon serves the community and Indian River State College as the Marketing Specialist for the Florida SBDC at IRSC.

Katie Muldoon, who serves as the Administrative & Outreach Specialist for the Florida SBDC at Indian River State College (SBDC), has been named the Florida SBDC Network 2022 Rising Star. This annual statewide SBDC award recognizes a young professional in the network for their outstanding talent, exceptional achievement, and the marked difference they have made to their center, the network and community during the year.

“From her first day as the Marketing Specialist with the Florida SBDC at IRSC TEAM, Katie has accepted and taken on every task and responsibility included in the job description with a high level of professionalism and enthusiasm,” said Tom Kindred, Regional Director Florida SBDC at IRSC. “Beyond her proficiency in conducting the day-to-day work of marketing specialist Katie has also accepted additional responsibilities, including taking on a lead role with the center’s support of the 2020 COVID-19 Emergency Bridge Loan program (EBL).”

Muldoon is a graduate of the Indian River State College School of Business, earning her degree in Organizational Management. She has been employed at IRSC since 2017. Muldoon was recognized and accepted her award at the recent inaugural Florida SBDC Network’s Small Business Success Summit in Tampa Bay, Florida. The award was presented by Greg Britton, Florida SBDC Network State Director during an awards celebration, attended by over 150 conference participants and network professionals.

“I am completely humbled and overwhelmed by this recognition, thank you to my team for the nomination and recognition,” said Muldoon. “I look forward to continuing my education and a career in the small business sector.”

Muldoon’s work during the COVID-19 pandemic required her to spend countless hours managing the application process and moving EBL applications from submission to final approval. Her work was instrumental in assisting over 95 applicants receiving over $3 million in emergency funding. Following her work on the EBL program she accepted the leadership role in supporting and facilitating the center’s partnership and collaboration with local municipalities in support of their small business grant programs.

During the center’s small business pandemic support programs, she also assumed responsibility as TEAM Leader for a group of IRSC students who served as grant processors for St. Lucie County. Katie’s efforts helped hundreds of Treasure Coast businesses gain access to over $7 million in pandemic-related grants. While executing her job responsibilities for the SBDC at IRSC, Katie maintained her volunteer leadership role with Indian River State College’s DECA program.

“Going beyond the call of duty is standard operating procedure for Katie,” said Kindred.  “Each day she demonstrates a willingness to learn, serve and support the Florida SBDC Network and the regional center as we carry out the mission of providing credentialed consulting to help businesses, start, grow and succeed.”

For more information regarding the FSBDC at IRSC, please contact your local center at (772) 336-6285 or [email protected]

 

Florida's Small Business Development Center

 

About the Florida SBDC Network:

For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.

In 2019, Florida SBDCs provided 114,064 hours of professional business consulting to 12,535 client businesses, resulting in 37,966 jobs impacted; $4.4 billion in sales generated; $496.5 million in government contracts acquired; and $255.3 million in capital accessed; and 453 new businesses started.  With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

 

 

Jul. 11, 2022|

Know Your Numbers: 5 Keys to Small Business Success

Know Your Numbers: 5 Keys to Small Business Success

 

 

The phrase “Know Your Numbers” typically refers to measuring your personal health by knowing your blood pressure, weight, cholesterol levels, etc. You and your doctor can use these numbers to make sure you’re healthy and identify early indicators of potential issues.

The same concept applies to your small business. Some small business owners consider their business to be a success if their bank account is growing – or at least not shrinking. But that’s the equivalent of saying you’re healthy because you feel good today. Just like for your health, there are key metrics that will help you better understand your business and uncover opportunities and potential issues.

#1: Start Simply

You do not need to become a data scientist to make sense of small business metrics. But it is easy to get overwhelmed. So start simply and build from there.

Find a performance dashboard you like, such as the one provided by your point-of-sale system. In this Best Practices for Small Business Success series, we’ll use examples from the Manage My Business app because it is specifically designed to help small business optimize their results. But use whatever you’re comfortable with.

You already know your sales numbers, so start by looking at this metric from different perspectives. For example, a "heatmap" graph is an excellent way to visualize your sales by the time of the day as well as the day of the week. In the following example, it’s easy to see the busiest day is Saturday and the slowest hour is 4-5pm on weekdays – perhaps indicating the need to close an hour earlier on weekdays.

Similarly, sales trend graphs often provide great insights, especially when viewed from different perspectives. This next example shows sales on Wednesdays are declining slightly over time, which could indicate a normal seasonal trend or a potential issue to investigate further.

The key is to start by looking at a few key metrics (like Sales and Order Size) to avoid getting overwhelmed and frustrated, and then expand from there as you become more comfortable with your data.

#2: Only Use Apples-to-Apples Comparisons

Comparing today’s results to those a month ago can be useful as long as “month” is defined as “four weeks ago”. This is because the day of the week influences sales for almost every business. So comparing April 30 (a Saturday) to March 30 (a Wednesday) is typically not useful, but comparing April 30 to April 2 (both Saturdays) can be very useful in measuring growth.

The same concept applies to holidays, where Mother’s Day is May 8 in 2022 but May 14 in 2023. Holidays that are on the same date every year (Christmas, Juneteenth, etc.) are exceptions, where it may be useful to compare the same date year-over-year.

A similar issue comes up for intraday comparisons. It doesn’t make sense to compare results as of noon today to the entire day of sales yesterday.  However, a comparison of sales as of noon today to sales as of noon yesterday can be very insightful.

Oddly enough, most dashboards do not make it easy to make apples-to-apples comparisons. The Manage My Business app is perhaps the only app available to small businesses that is built to ensure apples-to-apples comparisons – including understanding holidays, as shown in this example:

#3: Keep Everything in Context

It’s easy to misinterpret or misuse data, especially when it’s taken out of context. You know your business well, so make sure all metrics are interpreted within the context of your business.

Let's consider the first example above where 4-5pm on weekdays is the slowest hour. Perhaps this is good because it allows your employees to start pre-closing work and leave a little earlier – reducing payroll costs while still offering convenient store hours for your customers. Or perhaps it would be better to close earlier. Putting the data in context will ensure you make good data-driven decisions.

Keep external influences in mind as well. For example, COVID-19 caused Order Size to increase for many small businesses as consumers bought larger quantities to reduce the number of trips outside the home. The Order Size then declined as life slowly returned to normal. A decline in this key metric is usually a negative indicator, but this external factor explains why it might not be a cause for concern in this situation.

Similarly, a major retailer of cribs saw a sudden drop in their crib sales some years ago and didn’t know what to do. Based on data from a market research firm, they discovered crib sales were down for all retailers, not just them. This market context prevented them from making a bad business decision (heavy discounting or discontinuing crib sales). Crib sales returned to normal within the next six months.

#4: Keep Asking “Why?”

Analytics are only useful if you can identify why something happened and apply that insight to improve future performance. Understanding why crib sales dropped (an unusual, short-term drop in demand) allowed that retailer to make informed decisions about its future. Not understanding why could have led to disastrous results.

As you’re looking at your performance data, keep asking yourself why something happened – regardless of whether it was a positive or negative change. Negative results tend to draw our attention, but there’s a lot to be learned about why performance improved as well.

For example, price changes can obviously affect sales. In the graphs below, it’s not clear why cappuccino sales (as a percentage of total sales) were flat or trending slightly up after the price increase while latte sales were trending down. Perhaps one was still favorably priced compared to competitors while the other became overpriced. Digging deeper into the “why” will help determine if additional price adjustments are needed.

It's a never-ending process, but that’s part of the fun of owning a small business. It’s a series of challenges that push you to find new and innovative ways to create great products and customer experiences. Continually asking “Why?” will often identify new ways to make your small business special.

#5: Trust Your (Informed) Gut

Most small business owners don’t have a business degree, but they do have an intense passion for what they’re selling – whether it’s coffee or antiques or fashion or whatever motivated them to start their business. As a result, you are a subject matter expert for your business and will have good instincts for how to run it.

Analytics complement your expertise by providing insights that may not be obvious from just observing the day-to-day business. Going overboard with analytics is just as bad as ignoring analytics. It’s the balance between expertise, instinct and data-driven decisions that will be the key to your business’s success.

Steven Roth is the creator of the Manage My Business app and best practices guides. He is passionate about helping "mom-and-pop" stores make better data-driven decisions by making analytics accessible and actionable.
Steven has been a retail consultant for 20+ years, including several years at Google. He is an expert in retail analytics and has helped build tools and services used by millions of retailers worldwide. He currently owns two small businesses, giving him firsthand knowledge of the challenges small businesses face daily.

Next Steps

Get to know your numbers by finding a dashboard that supports your business needs. Big retailers have teams of data scientists that do this analysis, but a data-focused mindset along with your existing expertise and instincts can give your small business a big edge.

 

Florida's Small Business Development Center

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

 

Jul. 7, 2022|

Florida SBDC IRSC nominates professor for statewide award

Florida SBDC IRSC nominates professor for statewide award

 

From left to right: IRSC School of Business Dean, Dr. Prashanth Pilly, FSBDC at IRSC Regional Director, Tom Kindred, FSBDC Network Volunteer of the Year Dr. Herb Ricardo, FSBDC at IRSC Business Consultant Mike Bernard and IRSC President Dr. Tim Moore

The Florida Small Business Development Center (SBDC) at Indian River State College (IRSC) announced the nomination of Dr. Herb Ricardo of the IRSC School of Business for the Florida SBDC Network Volunteer of the Year award. Ricardo accepted the regional award at a meeting with IRSC president, Dr. Tim Moore, in early June. The regional award automatically entered Ricardo in for the statewide award, in which he took home the title for on Monday, June 27, 2022 where FSBDC at IRSC Regional Director, Tom Kindred, accepted the statewide award on Ricardo’s behalf at the FSBDC Network annual conference in Tampa Bay, Florida. 

Volunteers provide opportunities to expand and enhance service capacity and capability to meet the diverse and complex needs of SBDC clients. This award recognizes one volunteer from each SBDC region that has provided significant, direct contributions with respect to advocacy, consulting, training, program development or special projects during calendar year 2021.

Dependable and efficient, Dr. Ricardo is always willing to lend his time and talents to assist the Florida SBDC at IRSC. Dr. Ricardo has served Indian River State College for over 22 years as a Professor at the IRSC School of Business. It was through Dr. Ricardo’s initial collaboration efforts that the Florida SBDC at IRSC has developed a long-term and valuable relationship with the school of business. Because of Dr. Ricardo’s outreach and partnership commitment to the center, SBDC clients have the ability to leverage and utilize the talents, intelligence, enthusiasm and business acumen of IRSC senior level business students. The students engage center clients through multiple programs and classes, including the capstone course, internships and focus groups. At the beginning of each semester Dr. Ricardo invites an SBDC center representative to present information regarding the center and its business assistance and resource programs to capstone participants. In creating the list of regional businesses for capstone classes Dr. Ricardo always prioritizes center clients. 

Beyond connecting center clients to students, Dr. Ricardo also lends and provides his time, expertise and business acumen for use by the center. He often serves as guest host for both radio and podcast segments of Small Biz Florida. He is also a frequent contributor to Treasure Coast Business Magazine providing best practice articles. Over the past four years Dr. Ricardo has also served as a member of the center’s banking committee for the purpose of reviewing emergency bridge loan applications. His leadership on this committee has provided for the distribution of over $5.8 million in emergency funding to regional small businesses. He also leads strategic planning sessions and training programs for center partners and stakeholders. Center consultants appreciate collaborating on projects with Dr. Ricardo because of his entrepreneurial and innovative thinking, his attention to detail and a willingness to take on the difficult projects. Despite an overwhelming amount of work and responsibilities associated with his primary role of professor, Dr. Ricardo consistently finds ways to assist the SBDC at IRSC, its stakeholders and clients. His willingness to assist others and commitment to promoting all of the resources available to the Treasure Coast business community has provided valuable and credible exposure for the center. More than a volunteer, Dr. Ricardo is truly part of the SBDC TEAM. It is the center’s honor to add Dr. Ricardo’s name next to any recognition for his many contributions to the Florida SBDC at IRSC.

For more information regarding the FSBDC at IRSC, please contact our center at (772) 336-6285 or [email protected] 

About the Florida SBDC Network: 

For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy. 

In 2019, Florida SBDCs provided 114,064 hours of professional business consulting to 12,535 client businesses, resulting in 37,966 jobs impacted; $4.4 billion in sales generated; $496.5 million in government contracts acquired; and $255.3 million in capital accessed; and 453 new businesses started.  With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]
Jul. 4, 2022|

Florida SBDC Network urges preparation for hurricane season

Florida SBDC Network urges preparation for hurricane season

 

 

The Florida SBDC Network, the state’s principal provider of small business assistance, urges small business owners to prepare for the 2022 Atlantic hurricane season, which begins today and extends through November 30.

According to a forecast by the National Oceanic and Atmospheric Administration (NOAA), the 2022 season is predicted to be above-normal, with a range of 14 to 21 named storms, of which six to 10 could become hurricanes, including three to six major hurricanes.

The Florida SBDC Network encourages small businesses to prepare for hurricane season by developing a disaster preparedness plan.

“With another active season predicted this year, all small businesses should take time now to develop a preparedness plan,” said Greg Britton, State Director of the Florida SBDC Network. “No storm should be taken lightly and all small business owners should prepare each year no matter the forecast.”

Businesses should consider several elements in preparing for a disaster. Not only is it important to protect staff, their building, data, and inventory, it is also critical to prepare a plan to continue operations following the disaster. A good plan may include provisions to relocate to a pre-identified site, retrieve data, including employee, customer and vendor records; and a way to operate efficiently with a smaller staff of key individuals.

The Florida SBDC also strongly encourages businesses to back up data and ensure they have access to important files, such as tax records, legal, and financial documents.

As a principal responder in the state’s Emergency Support Function (ESF) 18 for Business & Industry, the Florida SBDC Network helps small businesses prepare and recover from disasters.

Through the network’s service offering, professionally certified business consultants can help small business owners develop comprehensive business continuity, emergency preparedness, and disaster recovery plans at no cost. Florida SBDCs also offer training on disaster preparedness, tips, and resources.

In the event of a disaster, Florida SBDC disaster specialists help affected businesses prepare disaster loan applications. The network will also deploy its mobile assistance centers into communities for affected businesses to receive on-site assistance with disaster loans and other post-disaster challenges.

 

Preparedness resources:
  • For preparedness resources from the Florida SBDC Network, please visit https://floridasbdc.org/services/business-continuation/preparedness/.
  • The state’s disaster preparedness sales tax holiday extends through Friday, June 10. To learn more about the holiday and qualifying items, please click here.
  • www.FloridaDisaster.org – The state’s official source of information for individuals and businesses from the Florida Division of Emergency Management.
  • www.FloridaDisaster.biz - The Florida Department of Economic Opportunity’s website to provide businesses access to critical information before, during, and after a disaster.
  • For a hurricane preparedness checklist and other resources from the U.S. Small Business Administration (SBA), please click here.

For more information about the Florida SBDC Network and to find an SBDC near you, please visit www.FloridaSBDC.org.

About the Florida SBDC Network:

 

For over 45 years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy. In 2021, Florida SBDCs provided 157,841 hours of professional business consulting to more than 18,379 client businesses. Based on the results from the network's latest economic impact analysis, our services resulted in almost 38,000 jobs impacted; $7.4 billion in sales generated; $381.6 million in government contracts acquired, and $528.4 million in capital accessed. With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Department of Defense, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]
Jun. 5, 2022|

Florida SBDC Network to host inaugural Small Business Success Summit

Florida SBDC Network to host inaugural Small Business Success Summit

 

 

The Florida Small Business Development Center (SBDC) Network, the state’s principal provider of small business assistance, will host the inaugural Small Business Success Summit on June 27-28, 2022 at the Grand Hyatt Tampa Bay. The summit, themed “Contracts, Capital and Connections” will provide opportunities for small business owners from across the state to learn strategies to access capital, win contracts, and make valuable connections.

The summit will feature keynote speakers, over 12 breakout sessions, and networking opportunities that will help small businesses take their business to the next level.

“I am very excited for the Florida SBDC Network to come together to host the first Small Business Success Summit,” said Greg Britton, Florida SBDC Network State Director. “Our team of professionals, along with our partners from across the state, look forward to the event to help our state’s small businesses start, grow and thrive.

The summit will kick off with a welcome reception Monday, June 27, and conference programming will occur Tuesday, June 28. The standard registration fee is $199, with a discounted, early-bird rate of $175 available until May 29.

The Florida SBDC Network extends its gratitude to this year’s sponsors and partners: Florida Power & Light, United Midwest Savings Bank, Thryv, Intuit Quickbooks, CareerSource Florida, and the Florida Economic Development Council.

For more information about the Small Business Success Summit, and to register, please visit www.floridasbdc.org/success_summit.

 

About the Florida SBDC Network:

For more than 45 years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy. In 2020, the Florida SBDC Network delivered more than 162,500 hours of consulting to more than 24,000 small businesses, resulting in 38,797 jobs impacted, $7.4 billion in sales generated, $553.5 million in capital accessed, and $488.1 million in government contracts acquired. With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Department of Defense, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

May. 23, 2022|

Florida SBDC IRSC brings Financial Literacy to PSL Business Owners & Operators

Florida SBDC IRSC brings Financial Literacy to PSL Business Owners & Operators

 

The Florida Small Business Development Center (SBDC) at Indian River State College (IRSC) will hold another round of Profit Mastery, a six-week financial training program, on the IRSC Pruitt Campus in St. Lucie West starting Wednesday, June 8, 2022 from 9 a.m. to 12 noon.

With financial support provided by local lenders, including Bank of America and SouthState Bank, this program (valued at $499) is offered to participants at no-cost. The Florida SBDC at IRSC is encouraging business owners to register not only themselves, but their bookkeepers, payroll executives and others who may benefit from strengthening their budgetary knowledge.

Business owners, key managers, entrepreneurs, business advisors and others whose decisions have an impact on a company’s financial performance should consider participating. The Profit Mastery program is designed to enhance the financial management skills of all business managers.

The Port St. Lucie program runs the following dates and times:

  • Wednesday, June 8, 2022 | 9 a.m. – 12 noon
  • Wednesday, June 15, 2022 | 9 a.m. – 12 noon
  • Wednesday, June 22, 2022 | 9 a.m. – 12 noon
  • Wednesday, June 29, 2022 | 9 a.m. – 12 noon
  • Wednesday, July 6, 2022 | 9 a.m. – 12 noon
  • Wednesday, July 13, 2022 | 9 a.m. – 12 noon

 

Interested individuals may register themselves or their designees on the FSBDC at IRSC website or contact [email protected] |  (772) 336-6285

Once registered, participants are required to attend 5 out of 6 trainings in order to graduate from the program. A $25 deposit must be made to secure your seat and reserve your book for the course, deposits can be made via check mailed or dropped off to:

ATTN: FSBDC at IRSC  500 NW California BLVD, Port St. Lucie, FL 34986
Memo: Port St. Lucie Profit Mastery

Steve LeFever, Founder and Chairman of Profit Mastery is a national leader in the development of practical financial programs and training for the independent business community. His dual role as a successful entrepreneur and as a commercial banker gives him a unique perspective on financial analysis, business management, and practical business decisions.

Sessions held in Port St. Lucie are facilitated by FSBDC at IRSC business analyst Michael Bernard. Michael Bernard’s consulting experience comes from his work with several International accounting firms in their Management Consulting Departments working with Fortune 500 companies throughout the United States. He has also worked for several local and regional Accounting Firms as both a Manager and Principle in charge of their Consulting Operations in the South Florida area before opening his own Management Consulting Company in Miami, FL. Michael serves the City of Port St. Lucie area as a full-time consultant in partnership with the City of Port St. Lucie and The Florida SBDC at IRSC.

To learn more about the program itself please visit www.profitmastery.net To register or inquire about future sessions in other counties, contact your Florida SBDC at IRSC at [email protected] or call (772) 336-6285.

 

 

About the Florida SBDC Network:

For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.

In 2019, Florida SBDCs provided 114,064 hours of professional business consulting to 12,535 client businesses, resulting in 37,966 jobs impacted; $4.4 billion in sales generated; $496.5 million in government contracts acquired; and $255.3 million in capital accessed; and 453 new businesses started.  With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]

 

 

Apr. 11, 2022|

Florida SBDC IRSC teaches Financial Literacy to IRC Business Owners & Operators

Florida SBDC IRSC teaches Financial Literacy to IRC Business Owners & Operators

 

The Florida Small Business Development Center (SBDC) at Indian River State College (IRSC) will hold another round of Financial Training, formally known as Profit Mastery, on the IRSC Mueller Campus in Vero Beach starting Wednesday, April 6, 2022 from 8 to 11 a.m.

This program runs six weeks and is offered to the public at no cost. Bank of America has graciously partnered with the Florida SBDC Network to scholarship financial training and management across the Treasure Coast region. Valued at $499, the Florida SBDC at IRSC is encouraging business owners to register not only themselves but their bookkeepers, payroll executives, and others who may benefit from strengthening their budgetary knowledge.

Business owners, key managers, entrepreneurs, business advisors and others whose decisions have an impact on a company’s financial performance should consider participating. The Profit Mastery program is designed to enhance the financial management skills of all business managers.

 

The Indian River County program runs the following dates and times:
- Wednesday, April 6, 2022 | 8 a.m. – 11 a.m.
- Wednesday, April 13, 2022 |8 a.m. – 11 a.m.
- Wednesday, April 20, 2022 | 8 a.m. – 11 a.m.
- Wednesday, April 27, 2022 | 8 a.m. – 11 a.m.
- Wednesday, May 4, 2022 | 8 a.m. – 11 a.m.
- Wednesday, May 11, 2022 | 8 a.m. – 11 a.m.

Interested individuals may register themselves or their designees on the FSBDC at IRSC website or contact [email protected] | (772) 336-6285

Once registered, participants are required to attend 5 out of 6 trainings in order to graduate from the program.

Steve LeFever, Founder, and Chairman of Profit Mastery is a national leader in the development of practical financial programs and training for the independent business community. His dual role as a successful entrepreneur and as a commercial banker gives him a unique perspective on financial analysis, business management, and practical business decisions.

Sessions held in Vero Beach are facilitated by FSBDC at IRSC business analyst, Frank Fink. Frank began his 48- year career in finance and operations management serving with the United States Air Force as an auditor. Following his military service, Frank began his corporate work with Florida Power & Light in their nuclear power division. After 24 years with FP&L, Frank went on to serve with other energy companies, in their nuclear divisions, including the Tennessee Valley Authority, Commonwealth Edison, and Exelon Energy. Throughout his career, Frank served in numerous financial and operations management positions, where his responsibilities included: business planning, accounting, and financial control functions, business operations, strategic planning, supply chain management, information systems management, project management, estimating, and scheduling. Frank holds degrees and certifications from Indian River Community College, Barry, and Villanova
University.

To learn more about the program itself please visit www.profitmastery.net To register or inquire about future sessions in other counties, contact your Florida SBDC at IRSC at [email protected] or call (772) 336-6285.

 

About the Florida SBDC Network:

For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat.288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.  In 2019, Florida SBDCs provided 114,064 hours of professional business consulting to 12,535 client businesses, resulting in 37,966 jobs impacted; $4.4 billion in sales generated; $496.5 million in government contracts acquired; and $255.3 million in capital accessed; and 453 new businesses started. With over 40 offices statewide, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the
University of West Florida, is nationally accredited by the Association of SBDCs and is a recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory
basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter, and online at tcbusiness.com by Indian River Media Group. For more information or to report news email [email protected]
Mar. 28, 2022|

Wednesday is National Small Business Development Center Day

Wednesday is National Small Business Development Center Day

 

On Wednesday, March 16, 2022, the Florida SBDC Network will celebrate the sixth annual, national SBDC Day, and you’re invited to join in the celebration.

What is SBDC Day?

SBDC Day is a national, collective proclamation of the success and impact that America’s Small Business Development Centers (SBDCs) foster each year. Established by Congress in 1980, SBDCs provide consulting, training, and resources to aspiring and existing small businesses. Whether you have an idea and are just starting out, or you’re an existing business looking to grow, SBDCs have the right tools and specialized expertise to help you achieve success.

SBDC Day will unite the nearly 1,000 SBDC centers across the country and the hundreds of thousands of clients they serve each year by sharing, in real-time, the success stories and notable impacts SBDCs collectively have on the small business community at large. This special day will be celebrated virtually this year through social media and other digital channels.

What is the Florida SBDC Network?

The Florida SBDC Network serves as the state’s principal provider of small business assistance. Headquartered at the University of West Florida in Pensacola, the Florida SBDC Network has more than 40 offices from Pensacola to Key West to serve the needs of Florida’s small businesses. The network offers no-cost, personalized consulting in areas including access to capital, disaster resiliency, strategic planning, international trade, government contracting, and more. As part of its service offering, the Florida SBDC Network also offers hundreds of workshops each year ranging from the basics to advanced business management. Learn more about the Florida SBDC Network and our impact here.

How Do I Join the Celebration?

We’re calling all of our clients and partners to help us celebrate! Participating is easy:

  • Comment and share our “Share Your Story” post on social media. Share how the Florida SBDC has made a difference in your life.
  • Share how the Florida SBDC Network has made a difference for your business and in your community by tagging us on FacebookTwitter, and Instagram and using the #SBDCDay hashtag.
  •  Write a letter to your local representative sharing how the Florida SBDC Network has made a difference in your life.
  •  Interested in becoming a client or haven’t seen us in a while? Contact your local Florida SBDC and schedule a no-cost consulting appointment with us!
  • Tell your friends about us! SBDCs are known as “the best-kept secret.”

 

 

Treasure Coast Business is a news service and magazine published in print, via e-newsletter and online at https://tcbusiness.com tcbusiness.com by Indian River Media Group. For more information or to report news email mailto:[email protected] [email protected] 
Mar. 14, 2022|