SBDC
small business news you need to know
FEBRUARY 2008

The Greater Richmond Chamber and Small Business Development Center have developed this quarterly e-newsletter to keep our members and clients informed about important news, events, and programming that support the small, entrepreneurial business community. If there topics pertaining to running a small business that you would like to learn more about, please contact Mike Leonard at mike.leonard@grcc.com

in this issue:
  • SBDC Spotlight: Franchising
  • LEARN: small business news
  • ATTEND: small business events
  • READ: small business book review

  • LEARN: small business news

    How to Franchise Your Existing Business Friday February 29, 2008 | 6pm Greater Richmond Convention Center

    This seminar is ideal for business owners interested in franchising their business or those simply looking to determine if franchising is a legitimate growth option. It will help business owners understand if a business is franchisable and how franchising stacks up against alternate growth strategies (such as licensing, dealer models, and joint ventures). Attendees will also gain a thorough understanding of the process of franchising, including necessary resources, costs, and personnel needs. Discussions will include the advantages and disadvantages of franchising, and will provide a framework for analysis that will allow business owners to understand whether franchising is the best strategy to reach a company's future expansion goals.

    Learn more

    Small Business Virtual Library Here you'll find free interactive workshops that provide you with the know-how to establish and run a successful business. Get real-world business strategies and industry knowledge from online workshops designed to help your business grow and succeed. The workshops provide in-depth strategies and solutions to help you manage, operate and build your business, and are accessible 24/7 at no charge.

    Learn more

    Financing opportunities for veterans and members of the military community. The Patriot Express loan can be used for most business purposes, including start- up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.

    Learn more


    ATTEND: small business events

    Starting a Business ($15) | 11:30 a.m. to 1:30 p.m.
    Business Plan Overview ($25) | 11:30 a.m. to 1:30 p.m.

    These seminars are held monthly in each of the following locations: Chesterfield, Hanover, Henrico and Richmond

    Details and registration available online or by calling (804) 783-9314

    VisionCheck March 6th, 2008 | 7:00 am - 9:30 am | The Jefferson Hotel

    A regional all council "check-up" on an area of focus identified through Vision 20/10 and further discussed during the Greater Richmond Challenge. Join us for this quarter's event focusing on your locality and this region's Economic Development.

    Register online


    READ: small business book review

    The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live

    by Scott A. Shane

    From the Publisher, Yale University press: This book shows that the reality of entrepreneurship is decidedly different from the myths that have come to surround it. Scott Shane, a leading expert in entrepreneurial activity in the United States and other countries, draws on the data from extensive research to provide accurate, useful information about who becomes an entrepreneur and why, how businesses are started, which factors lead to success, and which predict a likely failure.

    The Illusions of Entrepreneurship is an essential resource for everyone who has dreamed of starting a new business, for investors in start-ups, for policy makers attempting to facilitate the formation and survival of new businesses, and for researchers interested in the economic impact of entrepreneurial activity.



    SBDC Spotlight: Franchising

    The Central Virginia Franchising and Financing Expo

    This is the perfect event for you to discover how to be in business for yourself - but not by yourself. Because when you purchase a franchise, you're purchasing a proven business concept designed to help ensure your financial success. The Central Virginia Franchise & Financing Expo will give you the opportunity to meet face-to-face with representatives from many of the top franchise companies, at every investment level - currently looking to expand in the Central Virginia Region.

    The event will be held Saturday, March 1 & 2, 2008 at the Greater Richmond Convention Center. Learn more

    Learn More

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