FY2018 was marked by new initiatives; FY2019 will continue that momentum

This past year Alaska SBDC has been focused on changing the way we operate, allowing us to more effectively help Alaska’s small businesses. On top of that we have launched new initiatives, such as the rural business program, and partnered with other organizations to create a new business advisor position in Seward. These efforts have … Continue reading "FY2018 was marked by new initiatives; FY2019 will continue that momentum" More

Get Ready for #ShopSmall Season!

The holiday season is quickly approaching! Please join us for #SmallBizSat on November 24 and #ShopSmall to support #AKSmallBiz! With 72,000 small businesses in Alaska employing more than 140,000 Alaskans, our small business sector is vital to creating a strong, healthy economy. This season, as you embark on the annual flurry of finding holiday gifts for … Continue reading "Get Ready for #ShopSmall Season!" More

Alaska SBDC Awarded USDA Grant to Help Launch Series of Rural Business Kiosks

Anchorage – Thanks in part to a recent $66,500 grant awarded by the United States Department of Agriculture (USDA), the Alaska Small Business Development Center (SBDC) is reinvigorating its approach to rural development by ramping up its community outreach efforts and introducing a series of fully automated business center kiosks. These kiosks will offer access … Continue reading "Alaska SBDC Awarded USDA Grant to Help Launch Series of Rural Business Kiosks" More

Alaska SBDC Rural Development Program Travels to Hoonah

During the summer of 2018, Alaska SBDC launched an initiative to reinvigorate its approach to rural development by establishing a new director of rural development position, filled by long-time Alaska SBDC business advisor Ian Grant, and ramping up its community outreach efforts. One of Grant’s first journeys was to beautiful Hoonah, Alaska, where he discovered … Continue reading "Alaska SBDC Rural Development Program Travels to Hoonah" More

Considering Purchasing an Existing Business?

  “Due Diligence”……the most critical period during a business purchase is also the perfect time to call the Alaska Small Business Development Center. When entering the phase of due diligence, a business owner turns over all balance sheets, income statements, and business tax returns to a potential buyer.  It is during this time when the … Continue reading "Considering Purchasing an Existing Business?" More

Your Social Strategy: Answer these Questions Before Creating a Business Page!

With the growing number of social media platforms, it can be tempting to set up an account on each and every one to increase your web presence. However, it is important to make sure you have the time and resources needed to keep each of your accounts up to date. As a business owner- ask … Continue reading "Your Social Strategy: Answer these Questions Before Creating a Business Page!" More

The Great Reveal: How Benchmarking can Help You Manage Your Business

Benchmarking is the process of evaluating or checking (something) by comparison with a standard. As a business owner there are many items that you could consider benchmarking but if you know and can focus on the key performance areas that are important to your business there will be a higher return for your efforts. If … Continue reading "The Great Reveal: How Benchmarking can Help You Manage Your Business" More

The Top 10 Financial Ratios for Business Owners

Financial ratios are important, but often overlooked by small business owners.  When accurate figures are applied, these calculations are useful to determine a firm’s performance and financial situation.  Comparing financial ratios with industry benchmarks can be critical in identifying areas of strength and weakness.  In some instances, ratio analysis can even predict future bankruptcy.  This … Continue reading "The Top 10 Financial Ratios for Business Owners" More