Your Business Has A Credit Score Too!

By: Mary Hott, WV SBDC Business Coach

Most people know they need to track their personal credit score, but did you know your business also has a credit score that should be tracked? A recent Manta survey revealed that 72 percent of business owners didn’t realize they have a business credit score. And small business owners who understand their business credit are 41 percent more likely to be approved for a business loan.

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4 Resolutions for Your Small Business in 2018

By Erika Bailey, State Director of the West Virginia Small Business Development Center

Each New Year is the traditional start of good intentions to diet right, get organized and, for entrepreneurs, improve business. Resolutions can be good for long-established businesses as well as those just starting out.

We asked our business coaches to identify the top four resolutions to help business owners move up to the next level in 2018. Here’s what they had to say.
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The 7 Minute Conversation All Business Owners Must Have with a Financial Expert

By Amber Wilson, Business Coach, West Virginia Small Business Development Center

Woman writing and planning business strategy

Are you overlooking important financial information each month?

If you’re a small business owner, you are probably aware of the difficulties accounting can bring to you and your company. Many of you are so busy with day-to-day operations that you lack proper time to regularly review your business’s financial statements.
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4 Tips Small Business Owners Need to Succeed

By Erika Bailey, State Director, West Virginia Small Business Development Center

Gift Present Celebrate Party Wrapped Simple Concept

The Inspiration and Motivation behind West Virginia’s Business Leaders

In October, we commemorated National Women’s Small Business Month by connecting with five West Virginia women business owners to discuss their journeys to success.

We reached back out to those business leaders to discuss challenges and opportunities, role models and advice.
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West Virginia Women Mean Business

By Erika Bailey, State Director, West Virginia Small Business Development Center

wv women in business

October is National Women’s Small Business Month.

Did you know? Women own 11.3 million businesses in the United States, and the number of women-owned businesses in the U.S. grew five times faster than the national average.

Women rank among the small business owners who power West Virginia’s economy. The share of women-owned businesses in the Mountain State bumped up from 28,000 in 2007 to 38,000 in 2012, the most current government figures available.
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WV SBDC: Big Advantage for Small Businesses

By Erika Bailey, State Director, West Virginia Small Business Development Center

Even when you love what you do, running a business is hard work. It helps to have an extra edge.

The West Virginia Small Business Development Center (WV SBDC) is that edge for hundreds of West Virginia companies each year. Our mission is to help businesses sharpen their skills, grow strong and sustain success in West Virginia.

The WV SBDC helps generate businesses, successes and jobs for West Virginia’s economy. In the first six months of 2017, WV SBDC business coaches provided counseling to 733 clients, helped start 41 businesses and connected clients with more than $11,794,500 in loans or equity. Their efforts led to the creation or retention of 375 jobs in the Mountain State.

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