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📈 This unprecedented #growth, marking the strongest year of new business applications on record, symbolizes a significant boom in small business entrepreneurship. https://lnkd.in/g7WbuUXd #SmallBusiness #SBA #NewBusiness

The SBA and Small Businesses: Everything You Need to Know Embark on a transformative journey into the heart of small business administration with our in-depth exploration of the SBA and its impact on entrepreneurs. In this comprehensive pretext, we pave the way for your understanding of everything SBA.

What do you do with the business plan once you have completed one for your business? A Brilliant question from a new business owner, Shamika Rucker in Augusta. Many only create a plan because it is the stated request from financial institutions when seeking funding with SBA lenders like Tina Drawdy of Security Federal Bank. For public entities, strategic business plans are mandatory submissions by its governing body. But if they were not mandatory, why would you create a business plan and what do you do with it once it has been completed. In the Rhodes Porter Group’s last workshop series sponsorship with the Augusta Metro Chamber of Commerce we featured two SBA resource partners and a local non-profit that provides mentors, workshops, and business plan guidance. We found too many potential business owner entrepreneurs spending (not investing) on advice, services and tools that do not move the needle on the logistics toward success. The series was focused on industries Rhodes Porter leverages to make implementation and execution of the business plan more affordable to the business owner entrepreneurs. Of course we kicked off with a Business Guide to AI, then: Georgia Procurement Formation and Intellectual Property Marketing Messaging,  Ending with the no-cost review and support resources. SCORE Mentors, Clubhouse, and SBDC Knowing the differences in the levels of guidance and the scope of services given by the different organizations and industry partners is important, but one thing to note for our new entrepreneurs, they should not pay for advice on the What to Do, they might pay a nominal fee for How to Do, but the only real investment should be on performance. Implementing and Executing the business plan they create. So, let’s answer the question. What do you do with the business plan once you have it completed? “IT DEPENDS” but to unapologetically plug our company, Rhodes Porter Group can strategically implement and execute the business/strategic plan created with benchmarked data driven revenue strategies, logistical services and software tools.

#SmallBiz | Small business #grants, which offer access to capital with little to no repayment requirements, are an attractive #funding option for entrepreneurs looking to start or grow a #business. However, careful research is needed to find the best fit and avoid #scams, according to SCORE Mentors, mentors to America's small businesses.

Over the years I've met many entrepreneurs who had inspiring ideas and compelling business plans, but they failed to ask the simple, age-old question: How much money can I actually make from this small business? #smallbusinessprofits #ownerspay #newbusinessprofits

Check out our latest blog post, Understanding the Importance of an EIN for Your Small Business If you’re starting a small business, you may have heard about the importance of obtaining an Employer Identification Number (EIN). But what exactly is an EIN, and why is it necessary for your business? Let’s explore the significance of an EIN and how it can benefit your small business. Click the link to read the full post. https://lnkd.in/gQXJkiUG #OBE #OKBE #BOC #BOB #Oklahoma #Entrepreneur #Build #Startup #Business #Company #Capital #Launch #OklahomaBlackEntrepreneurs #ExcellenceInEntrepreneurship #OKHereWeGO #ThunderUp #OKC #BlackOwnedBusinesses #BlackOwnedBusiness #BlackBusinesses #BlackBusiness #BlackBusinessOwners #BlackOwnedCompany #BlackOwnedCompanies #BlackCompany #BlackCompanies #BlackCompanyOwners #BlackPeople #BlackOklahomans $BlackOklahoma

Small business statistics in 2024 The U.S. Small Business Administration defines a small business as a firm with revenue ranging from $1 million to over $40 million and an employee workforce of under 500.5 Based on the SBA’s definition, the 33.2 million small businesses in the United States make up 99.9% of all firms across the country.27 These businesses form the backbone of the United States economy as not only a vital source of innovation and employment opportunities but also a huge driver of the nation’s financial growth. Read more: https://lnkd.in/dWG5qU8m #SmallBusiness #ShopLocal #SupportSmallBusiness #SmallBiz #SmallBusinessOwner #Entrepreneur #Startup #SmallBusinessSaturday #LocalBusiness #BusinessGrowth #SmallBizTips #WomenInBusiness #BusinessOwner #SmallBusinessLove #SmallBusinessWeek #BusinessTips #ShopSmall #SmallBusinessSupport #SupportLocal #SmallBizOwner #SmallBusinessMarketing #BusinessSuccess #SmallBizLife #SmallBizSupport #SmallBusinessMatters #BusinessGoals #SmallBusinessAdvice #SmallBusinessIdeas #LocalBiz #SmallBizMarketing #BusinessMindset #SmallBizGoals #BusinessStrategy #SmallBizMatters #SmallBusinessGrowth #SupportSmallBiz #SmallBusinessCommunity #SmallBusinessResources #BusinessInspiration #SmallBizCommunity #LocalBusinessSupport #BusinessDevelopment #SmallBusinessOwners #SmallBizTribe #SmallBusinessLife #SupportLocalBusiness #SmallBusinessJourney #SmallBizOwners #SmallBusinessTips

Over the years I've met many entrepreneurs who had inspiring ideas and compelling business plans, but they failed to ask the simple, age-old question: How much money can I actually make from this small business? #smallbusinessprofits #ownerspay #newbusinessprofits

Eligible Business Owners can turn $2500 into $10,000 in 6 months! Holy Rosary Credit Union is partnering with KC Bizcare and the Ewing Kauffman Foundation to establish a Small Business Development Account program that will help turn your entrepreneurial aspirations into a reality. An Individual Development Account (IDA) is a savings account where the money you save is matched by a program’s sponsor or financial institution. PLEASE KEEP IN MIND, ONLY 20 APPLICANTS WILL BE SELECTED AND ONLY CERTAIN BUSINESSES ARE ELIGIBLE.   HOW IT WORKS Save: Commit to saving a minimum of $2,500 over six months in a dedicated IDA matched savings account at Holy Rosary Credit Union. Match: City funding provides a generous 4:1 match, potentially doubling your savings to a whopping $10,000! Grow: Access a wealth of workshops, mentorship, and technical assistance to hone your skills and build your business acumen. Connect: Network with fellow entrepreneurs and industry leaders, forging valuable partnerships and building a supportive community. WHO IS ELIGIBLE Must be private, for-profit business. Must be operating in the tourism industries. (i.e. arts/entertainment, food, retail, etc.) Must employ ten (10) employees or less. Must have been in business for at least two (2) years. (i.e. established prior to January 1, 2022.) Must maintain an active 2024 KCMO business license (upload a copy). Must maintain a principal place of business within the boundaries of KCMO. Targeting entrepreneurs with annual household income at or below 80% of the Area Median Income (AMI) for KCMO. Currently at $57,500 for a family of four. Not required to participate. Must commit to saving a minimum of $2,500 over a four-month period. HOW TO APPLY           CLICK THE LINK BELOW: The Individual Development Account (IDA) is found at the bottom of the webpage. There is a short program overview and then a link to apply. Deadline to apply is April 30, 2024.   Keep in mind, there are other programs on this site you may quality for. Don’t be afraid to check them out as well! If you have any questions feel free to reach us at 816-221-2734 or stop by a branch. https://lnkd.in/gNYzS_tz