The first in a series of blog posts of what the small business community learned from Covid 19
Economic downturns have been a regular but painful part of small business ownership. Yet unlike other recessions, Covid 19 hit Main Street businesses first and hit them hardest. When it comes to financing your business, this advice from lenders and advisors will make a big difference when times are tough.
Over the last 16 months, Maine small business owners were put to the test by a global pandemic. Over the next few months, the SBDC will offer a series of articles focused on the lessons learned from one of the most challenging years in our collective history. Look for posts on how to finance a new or expanding business in today’s market; what it means to pivot your business, things to consider when crafting a remote work policy, and more.
Part 1: Weathering the Financial Storm
Part 2: What Does it Mean to “Pivot”
Part 3: Designing the Workplace After The Pandemic
Part 4: Online Sales and Marketing
Part 5: Top 6 Trends Impacting Businesses
Part 6: Disaster & Crisis Planning
After years of practicing in a large medical facility, Cortney struggled with the all-encompassing role the insurance industry played in providing care. To remove this from the equation and provide more direct care in addressing her patients’ needs, she launched her own private practice based on a Direct Primary Care Model, in which a subscription-based payment model provides all of the basic care needs for an individual or family.
After a trying year, tourists and locals alike are looking forward to enjoying all that Maine has to offer. Thankfully, things are looking up this summer tourism season and Maine is expected to have a bustling summer. As we prepare, we have to keep in mind the individual struggles people have experienced over the past year. Here are some tips to make sure your customers have a positive and memorable experience that they are desperately seeking.
Disc golf has been rapidly growing in popularity as both a recreational activity and a professional competitive sport. Andrew Kahl is an active member of Maine’s disc golf community and wanted to create his own course on his family’s land. He reached out to the Maine SBDC at CEI for assistance understanding what is involved in starting his own business.
The Maine Small Business Development Centers (Maine SBDC), a statewide program that helps entrepreneurs start and grow their businesses, announces the annual results for 2020.
In 2020, business advisors across Maine provided virtual, no-cost business advising to 2,956 entrepreneurs and small businesses, nearly double the number of businesses assisted in the previous year. This support helped them to:
During an especially difficult year, Maine SBDC stepped up to support a record number of entrepreneurs and small business owners, including serving more women than ever before.
Maine SBDC business advisors helped 507 small businesses access a total of $17.9 million in pandemic relief loans and grants to help sustain their businesses. In addition to advising services, Maine SBDC hosted 63 webinars and events which reached over 2,200 attendees.
“Our team is dedicated to supporting Maine’s courageous business owners as they continue to respond and recover from a very difficult year. We want entrepreneurs and business owners to know they are not alone. We are here and we can help them navigate the next steps for their businesses,” commented Maine SBDC State Director Mark Delisle.
Trailside Gardens evolved from a lifelong interest in the natural world surrounding us, particularly plants and landscape design. For eight years, Trailside Gardens in Abbot has offered an impressive selection of healthy plant material. As a small nursery selling plants, business owner Pauline Eldredge was facing supply issues and decided she was ready and needed to expand her business. She was ready to increase her inventory and to purchase her own greenhouse where she would grow her own products. She had the vision and the skills, she just needed funding to support this growth. Read More
The Restaurant Revitalization Fund (RRF) was announced as part of the American Rescue Plan, released in March 2021. It contains vital support for small and medium-sized restaurants.Applications will be accepted starting May 3, 2021 at 12 pm. Visit the SBA’s RRF website for full details.
Since 2013, Tanya Rudy and her mother Cheryl have been making handcrafted soaps from their family farm in Midcoast Maine. This mother-daughter team located in Union makes their soaps in small batches and uses only the finest quality ingredients. They combine fresh goat’s milk from their own herd with organic oils to create naturally scented and colored products.Read More
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