University of La Verne SBDC Small Biz Blog

  There are many hurdles new small businesses may need to endure when starting a business and opening a business bank account may prove to be the most confusing for some. Small businesses don’t have much money and hear horror stories about opening or having a business bank account which pushes them to use cash only, which tends to make record-keeping more difficult. In this article, we will tackle 5 myths that persist with bankers and what the truth really is. Myth 1. Banks Don't Want My Business Because it's Too Small You don’t need a lot of money to establish a banking relationship . Bankers want your business because they hope you use other services, like loans and lines of credit with the expectation your company will grow. You can open your business deposit accounts as soon as you have an Employer Identification Number (EIN) .  The FDIC’s 2018 Small Business Lending Survey found that smaller banks (up to $10 billion in assets) tend to be flexible in structuring loans for

www.accreditation101.com www.Christianacademiamagazine.com David Agron is the owner of Agron & Associates, Inc., a Christian college accreditation consulting firm. “Primarily what we do is accreditation, consulting, and helping small Christian colleges achieve their initial accreditation,” David explained. He was looking for help with managing and marketing his business for growth and reached out to the University of La Verne SBDC. David was connected with SBDC consultant Malcolm Geffen to help manage and grow the business. Challenges Agron & Associates, Inc. had challenges managing their business and keeping up with marketing to grow their business. “David, the problem you have is when you're busy with consulting." You're not marketing, and then, finally, a client gets done with accreditation and doesn't need you anymore. You lose a client, and now you have to scramble,” David described Malcolm's assessment. David also had technical challenges related to

  In this webinar we'll cover: Free business plan template demo Market research tools Free Resources and Support Financial projections Break-even analysis Live Q & A It’s not super exciting, but it’s absolutely essential if you talk to any established business owner. Writing a business plan is a critical exercise for both established businesses and startups, but there are some rules you need to know about first. 3 Rules of Writing a Business Plan Be real with yourself. A business plan is just a collection of assumptions put together and if you're not being real with yourself it won't work. Keep it simple. No matter how technical your product or service is, be sure to stay focused and keep it simple. As Albert Einstien said, "If you know something well enough, you should be able to explain it simply" Do it yourself. Don't just hire someone to write the plan for you because it's not the plan that's important - it's the planning process. Why