EDC-VC’s SBDC Receives Small Business Development Center International Excellence Award

EDC-VC's Small Business Development Center of Ventura and Santa Barbara Counties was recently awarded the Small Business Development Center International Excellence Award by the U.S. Small Business Administration's Los Angeles District Office and the Los Angeles Area Chamber of Commerce. The district-wide award honors one of the 12 local SBDCs for implementing innovative programs and actively developing counseling staff to advance opportunities Read More

Economic Development Collaborative-Ventura County’s Small Business Development Center Establishes Presence in Shanghai, China

The Economic Development Collaborative of Ventura County’s Small Business Development Center has established a presence in Shanghai, China to connect with Chinese businesses interested in conducting commerce in the U.S. EDC-VC’s Small Business Development Center (SBDC) advisors will provide guidance to Chinese business people to help them navigate U.S. regulations and laws. The goal of the Shanghai office is to increase foreign direct investment Read More

Managing Your Business’ Cash Flow

Managing cash flow is key to assuring enough cash is on hand to cover expenses, take advantage of opportunities and grow your business. Here are 10 tips to improve your cash flow and ensure your business has the necessary means to achieve its goals. Aim for positive cash flow vs. negative cash flow. Positive cash flow is when your business has more money coming in than it needs to pay bills. Negative cash flow is when your business is spending Read More

Defining your target market

Have you heard of the 80/20 rule, better known as the Pareto Principle? When applied to your business, it means 20 percent of your customers are more than likely to buy 80 percent of your products or services. So, how do you target that 20 percent of your business’ best customers? Follow the 10 steps below to observe your best customer’s behavior and develop a target market for your business. THE AVERAGE SALE: Start tracking your average sale Read More

Using Instagram for your business

There are several benefits of using Instagram for your business, but among the simplest are - it’s easy and fun to use. Here are eight Instagram questions most often asked by small business owners and some practical tips posted by other business owners on how to use it successfully. WHAT IS INSTAGRAM? Instagram allows users to take pictures and videos from a mobile device, apply digital filters and a caption, and then share the image on a Read More

Becoming known as an industry expert

Developing a reputation as an expert in your industry can raise your business’s profile; help you attract customers, partners and employees; and even enable you to charge more for your products and services. You’re already an expert in what you do—and spreading the word about that expertise is easier than you might think. Here are 10 tips to get you started. GIVE A SPEECH. Find organizations that your target customers belong to—whether the Read More

How to Profitably Pursue B-to-B Prospects

From creating and revising proposals to completing a request for proposal (RFP), wooing a business prospect can be costly and time-consuming. Here are 5 tips to help you streamline the process.  BEFORE YOU PUT TIME AND EFFORT INTO AN RFP OR PROPOSAL: Determine what your relationship is with the prospect, their current working partners and the prospect’s history. If the request is purely a formality, you may want to pass. DETERMINE IF Read More

How to Research International Markets for Your Business

Have you considered exporting internationally? With 95 percent of the world’s consumers located outside the United States, and a high demand for American products, international markets can be an area of immense opportunity for small businesses. Many entrepreneurs are intimidated by the thought of going global, but with proper market research and guidance beforehand, they needn’t be.   Begin with international market Read More

How Can Lean Principles Help Your Business?

Are you looking for a way to cut costs and increase profits in your business? The principles of Lean manufacturing can help—even if you’re not a manufacturer.   What is Lean Manufacturing?  Lean manufacturing is the process of identifying work that doesn’t add value also known as “waste”—and removing that waste. There are seven basic types of waste, whether in manufacturing or nonmanufacturing: over production, motion, waiting, Read More

How to Get a Bank Loan for Your Small Business

Obtaining a bank loan for your small business has never been easy, however working with an SBDC Business Advisor to put together a good loan application package can greatly increase your chances of success. Here are some of the essentials you need to know. Know the key elements of the loan application package. The application package consists of financial information related to the business’s and owner’s earnings, expenses, assets and Read More

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