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Growing an Existing Business
Helpful Links
Conducting Market Research
Marketing Do's and Don'ts
Marketing for Small Businesses
Hiring Employees - What You Need to Know
SBDC Loan Packet Information - PDF File
Established Businesses
Established businesses include businesses
which are currently in operation. Owners of
existing businesses have overcome many hurdles
in the pre-planning and start-up stage. However,
existing business owners continue to face a
variety of challenges. Business owners must
effectively use limited resources to improve
their position in the market while continuing to
manage the critical aspects of business
operations. In addition to limited budgets,
business owners have limited time since they
must wear multiple hats in the business. To
achieve long term success, business owners must
also work to lay the foundation for future
growth and adapt to changes in the marketplace.
The Arkansas Small Business Development Center
offers a variety of services and solutions to
assist owners of existing businesses. The ASBDC
supports business owners by offering general
information and market research, individualized
counseling services, and training programs on
relevant business topics
online.
Financing
Obtaining financing for a small business is
a big step and can be challenging. Therefore, it
is important to consider the realities of
obtaining financing. Information on obtaining
financing can be found at the following links:
In order to obtain a small business loan for an
existing business, you should develop a loan
proposal in order to communicate with potential
lenders. The ASBDC also offers recommended
action steps for developing a small business
loan proposal.
Growth Planning and Business Expansion
Growing or expanding a small business
requires planning. It is important to establish
a solid foundation for future success as well as
avoid common pitfalls. To assist small business
owners in these efforts, the ASBDC provides
individualized counseling services to existing
businesses in Arkansas.
The ASBDC also provides assistance in developing
a business plan. For those who are
writing a business plan, the ASBDC offers
suggested Action Steps for Writing a Business
Plan. These steps are intended to help guide you
through the process as well as point you towards
suggested information and tools.
Additionally, various tools and articles on the
topic of business planning are available online:
Marketing Solutions
The ASBDC offers
marketing assistance to small business owners.
Businesses can receive assistance in obtaining
market research and developing a marketing
plan as well as obtaining suggestions and advice
regarding marketing options. The ASBDC provides
tools and information in the area of marketing.
Maximizing Profits and Managing Cash Flow
Maximizing profits and managing cash flow
are objectives of most small business owners.
The ASBDC can assist small business owners in
pursuing these goals. By offering individualized
counseling services to small business owners in
Arkansas, the ASBDC staff can analyze the
current status of a business and its cash flow
patterns. The ASBDC can then provide information
and recommended solutions tailored to the needs
of the small business. Additionally, the ASBDC
can develop customized financial analysis
reports utilizing existing businesses' financial
statements which provide insight into the
financial strengths and weaknesses of the
business. This information can be valuable in
planning, budgeting, and managing cash flow.
In addition to counseling services, other tools
and information are available online:
Training Opportunities
The ASBDC offers a wide variety of
live
and
online classes on topics relevant to
existing business owners.
Questions & Answers
Arkansas residents who need additional
assistance in answering small business
questions, please contact your
local SBDC office.
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