As a small business owner, one of the biggest challenges you may face is determining when it’s time to raise your prices. Maintaining loyal customers and earning a profit can be a delicate balance. However, there are times when raising your prices is necessary to keep your business viable. A winning price strategy includes knowing… Read more »
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Maine SBDC names Ann McAlhany as 2019 State Star
Bangor, Maine –The Maine SBDC has selected Ann McAlhany as the 2019 State Star. The award, given annually, recognizes a member of the Maine SBDC staff that has shown exemplary performance and a strong commitment to small business success. “Ann is dedicated to the success of her clients and the Maine SBDC program. She is… Read more »
MotoResto – Portland
Krystal Stone and Andrew Furbush came to the Maine SBDC in June of 2021. Andrew, a knowledgeable mechanic with a passion for antique and classic car restoration and Krystal who is great with managing all of the aspects of the auto business wanted to start their own company, MotoResto, LLC. At that time, they were… Read more »
Yarrow – Kittery
In 2019, Jodie Curtis opened Yarrow, a retail shop that invites customers to be curious and explorative about what wellness can look like! Jodie has a background in retail, with experience in wholesale, product development, and marketing, which helped her understand the complexities of owning a retail business. But for her, the creative freedom of… Read more »
Michael James Murray Photography – Lisbon
Michael James Murray has a long history of photography in his family. He grew up in Rochester, NY, where his dad worked for Eastman Kodak as a Chemist developing the emulsions for consumer photographic film. Later, Michael moved to New York City to work at B&H Photo Video Audio, where he met his wife, a… Read more »
Preventing Partnership Pitfalls: Part 3
Preventing Partnership Pitfalls: Best Practices So… you and your best friend, brother, or spouse want to go into business together? Of course, you agree on everything right now, but what happens when you don’t? In many cases being realistic and pragmatic can be the kindest, mostly loving thing you can do for your partner and… Read more »
Small Business Support in the American Rescue Plan
On March 12th, the third stimulus bill called the American Rescue Plan passed into law. The bill consists of $1.9 trillion to help people and businesses struggling with the pandemic. Here’s what you can expect from the bill for your small business. Please note: Updates to these programs are likely as details are finalized. As… Read more »
Environmentally Conscious Cost Savings
By: Jared Entwistle, Maine SBDC Intern In the wake of the COVID-19 pandemic, it’s more important for small businesses to think about ways to conserve cash flow. This often presents a dilemma for those who want to be conscious of their carbon footprint: how can I reduce my business’s environmental impact while maintaining a budget? … Read more »
Part II – Real Estate Investment and Rental Property Income: is it right for you?
Most affordable properties need some help and Maine has the oldest housing inventory in the country. According to the Maine Association of Realtors, the average age of a home in Maine is 42 years. As much as 24% of the housing stock was built prior to 1939. And although the older homes and apartment buildings… Read more »
Nature-Based Tourism In Maine
Maine’s outdoor industry is a vital and thriving state economy component. With its rugged coastlines, dense forests, and stunning mountain ranges, Maine is one of the top five states in the country for the outdoor recreation industry. In 2022 alone, Maine attracted over 15 million visitors, adding around eight billion dollars in revenue to the… Read more »