While there are a few approaches to determining the value of an existing business, they all hinge on the ability of a buyer to accurately predict the future cash flow created by the assets. In other words, nobody wants to work for free! Is a buyer going to be confident the business can pay them… Read more »
After a career managing grocery stores, Chad Boulet and his husband Scott Hunter, decided to embark on a new career and purchased their local hardware store! Depot Square Hardware & Variety is located in downtown Mechanic Falls, and throughout the pandemic their business actually grew as people relied on them for goods and services rather… Read more »
By: Alison Lane, Business Advisor & 2021 State Star I used to own a restaurant, and January meant a lot of slow days. When there weren’t any coffees to pour, dishes to wash, or Quickbooks to update, I would ask myself: “How can I not waste this time?” “What else can I try to generate… Read more »
The Maine Department of Economic & Community Development (DECD) has launched the Maine Jobs and Recovery Small Business Grant. This funding is available to businesses who were open before the COVID-19 pandemic began AND to new businesses who were in business as of January 1st, 2021. The full grant description is available on the DECD… Read more »
An Aroostook county classic for over 100 years, the Temple Cinema in Houlton is one of the oldest continuously operated movie theatres in the state of Maine. Multiple renovations kept the original charm and stayed true to the historic value even after the switch to modern digital projection.
You are not alone. The labor shortage has been crippling for small businesses across Maine. While the crisis is not new, the pandemic has amplified the problem. There is a variety of contributing factors to the labor situation including the availability of childcare, housing, and foreign workers. While nearly 7 out of 10 pandemic job… Read more »
By Tina Oddleifson 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… Read more »
By Tina Oddleifson 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… Read more »
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… Read more »
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… Read more »
Subscribe To Receive The Latest News From The Maine SBDC Subscribe