Small Business Development Centers have assisted hundreds of thousands of potential and existing business owners by providing the management advice, training and information they need to start, grow, and profit. With funding from the U.S. Small Business Administration and partners ranging from institutions of higher learning to state agencies to municipalities, to private organizations, SBDCs are able to offer this management assistance to business owners at little or no cost.
More than 90 percent of all businesses in the U.S. are small. Small businesses are truly the backbone of our economy, employing more than 60 percent of all workers and creating 80 percent of all new jobs. (For more stats on the importance of small business, check out the U.S. Small Business Administration. Yet small business owners face some tough challenges. The primary causes of small business failure are undercapitalization and management inexperience. If small businesses are the engine driving our economy, we can't afford to have them stall. As a result, Congress created the Small Business Development Center program in 1980 to provide this much-needed management assistance that many small business could not afford in the private sector. The SBDC at University of North Florida actually started in 1976 as part of an eight-state pilot program, giving it the distinction of being one of the longest running SBDC programs in the nation.
SBDC programs deliver up-to-date management advice, training and information to help business owners make sound decisions and to assist potential owners in getting started on the right foot.
Start-up assistance begins with a menu of SBDC workshops. Practical, convenient, concise and affordable, these group training programs cover topics from STARTUP basics, to marketing, accounting/record keeping, financing, and taxes.
Business plan assistance walks start-ups and existing business owners through the process using a low-cost interactive tool, Pitch-Then-Plan, designed to get your plan down on paper. Review of draft business plans and feedback on the plans strengths and weaknesses is just one of the counseling services available in the SBDC at no charge.
One of the critical issues potential and existing business owners face is financing the start up or growth of a business. Access to capital is part of the counseling process our Certified Business Analysts provide to our clients.
The SBDC offers existing business owners interested in reviewing strategic business processes, increasing sales and/or improving the bottom line access to the latest information needed to succeed including market data, financial analysis, business planning tools, and specialized programs.
The SBDC's performance is assessed based on the economic impact its customers achieve. Surveys consistently show that businesses assisted by the SBDC outperform non-assisted businesses, creating three times more jobs and increasing sales three times faster. For every federal dollar invested in the SBDC program, nearly $10 is returned in the form of tax revenue. Not a bad Return on Investment! The University of North Florida carefully tracks its own Economic Impact and documents Success Stories.
The Small Business Development Center at University of North Florida serves 18 counties with offices in Jacksonville, Gainesville and Ocala and is part of the Florida SBDC Network and the national Association of Small Business Development Centers.