Below, please find answers to several of our frequently-asked questions.
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What does a Small Business Development Center (SBDC) do? click
The SBDC’s goal is to stimulate the economy and promote new job opportunities by assisting small business development. The Center provides counseling, training, and information in all aspects of small business management. These include, but are not limited to, the areas of finance, marketing, management, operations, licensing, planning, expansion and human resources.
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What is a "small business"? click
While the term “small business” is most often used to describe businesses with fewer than 100 employees, the SBDC applies no stringent criteria to those it is glad to assist. Its services are most beneficial to businesses where one or two owners find themselves wearing many hats – marketing, finance, human resources, strategic planning – but they know they cannot afford to lose the focus on their core business. The SBDC can save them time, get answers to their questions, and efficiently link them to resources or other businesses.
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What does it cost to use the services of the SBDC?click
The counseling services and training programs of the Alexandra SBDC are provided at no charge.
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Isn't the Small Business Development Center (SBDC) only for start-ups?click
While the SBDC certainly has information helpful to those starting a business, its primary focus is on existing businesses who need information or guidance to become more innovative and competitive.
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Can the SBDC recommend the best business for me to start?click
Our experience shows that successful entrepreneurs usually have a solid understanding of their new ventures. This means that they or members of their management team have operated a similar business before, or that they have unique skills and contacts that enable success. We don’t believe it is a good idea to simply pick a business from somebody’s list of “Best Businesses to Start”. Rather than suggest a business to you, we will encourage you to evaluate your experiences, unique skills and strengths, your family support structure and what you think you’ll be most happy doing for the rest of your life.
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What kinds of assistance do you provide?click
The SBDC offers information or advice to help business owners expand their businesses, solve business problems or improve management, develop new ideas for products or services, or investigate new business opportunities. The Center helps the inexperienced businesspersons understand the requirements for going into business, assess business opportunities, determine financial needs and potential sources of financing, and offers guidelines on business planning and marketing. The Center will equip you with information and resources to be successful, but it is up to the business owner or entrepreneur to execute the necessary steps to start, manage, or grow his or her business.
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Are there any special loans or grants available from the Small Business Development Center (SBDC)?click
The SBDC makes no loans and is not aware of any grants for most business ventures. The SBDC can help you identify what financing you may need and discuss alternative sources. We can also advise you how to improve a loan application and business plan. Frequently our clients find that loan guarantee programs of the Small Business Administration (SBA) are an attractive source of financing. In many circumstances, however, and in most cases for startups, entrepreneurs must turn to their own savings, to friends and family, or to their personal credit cards to finance business ventures.
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Can the SBDC improve the profitability of my business?click
We have a great track record for helping business owners improve management practices, find more customers and/or move into more profitable niches. We offer a fresh point of view and extensive business experience from our staff and a number of other resources. One of the most practical services we offer is an assessment of your cash flow – an area often neglected by business owners. We also link our clients to resources and programs that will help them find new business opportunities.
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Is the Alexandria SBDC the right center for me?click
The Alexandria SBDC serves businesses located within the City of Alexandria. See the our Map of Service Area for a listing of the Zip Codes in Alexandria City and those within the service areas of neighboring SBDCs.
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Do I need an appointment to visit the Center?click
Yes. Due to limited staff and space, it is necessary to make an appointment to meet with a counselor. We are unable to accommodate walk-ins. See Request a Counseling Session and Counseling Preparation.
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How do I get on the Alexandria SBDCs mailing list for notices of events, etc.?click
The best way is to sign yourself up via the Join Our Mailing List box on the bottom of this page. You can choose the information that you most want to receive.