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Last Update: Sunday December 17, 2017

Key Idea: Talk to Experts

John Elkhay was named Small Business Person of the Year from the State of Rhode Island.

Think about it

When was the last time you asked someone for help? Is it time to do it again? If you have never asked a veteran for advice, why not?

Clip from: The Winners - SBA Awards

Every State & Territory of the USA: Each year the United States Small Business Administration (SBA) recognizes one owner from each state and each territory for their creativity and tenacity and for creating jobs. The SBA is the only agency in the federal government chartered to help turn dreams into realities. And it could be argued, this agency is closest to the intent and the results of the American revolution, that is, to make it possible for businesses to grow.

Since 1963 the President of the United States has issued a proclamation calling for the celebration of Small Business Week.

In this episode of the show you meet the Small Business Person of the Year from Hawaii, California, Wisconsin, and North Carolina. You'll also hear from winners from Maryland and Montana. You'll also see  winners from Delaware, Guam, Maine, Massachusetts, Mississippi, Missouri, New Mexico, North Dakota, Oregon, Rhode Island, Montana, South Dakota, Texas, Utah and Washington.

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Talk to Experts

HATTIE: (Voiceover) In addition to the Small Business Development Centers, there's the Counselor's to America's Small Business who offer free counseling through a program funded by the SBA. Our friend, Ken Yancey, is the director.  
 
KEN YANCEY (Director, SCORE): And what our counselors do, primarily, is help small businesses and those that want to start a small business plan for their success. I think one of the prime questions we get is how to find capital. As everyone knows, access to capital is quite an issue for small business. We work diligently to help our clients prepare packages, prepare their documentation information to go to the various sources that are available. We offer in most of our locations a variety of workshops, the most popular being a pre-business workshop, or new-to-business workshop. Those workshops are very low-cost. I think an average is probably less than $15, and certainly the value is much greater than that. Business.Gov

HATTIE: (Voiceover) In 1995, I met Jim Van Wert in his office at the SBA. He had already started making help available to small business owners online. He explains that small business owners must embrace technology.

JIM VAN WERT: We're moving more and more to paying electronically. Last week, I authorized payment for a contract that we had here at SBA. We were running very close to the 30-day Prompt Payment Act, and I authorized electronic payments. That's supposed to become the norm, not the exception, where one bank will transfer, that is, the Federal Reserve, will transfer funds to your account if you're the small business person, and that's fantastic, because it's cash flow. And that means lower cost, it means you can be more productive, you can use your people's time, your own time, more effectively, and that's the advantage. And time is critical.

HATTIE: (Voiceover) Today, Jim's Business Advisor, located at business.gov, is powerful and a most useful place for smart people who want to research before they start a business. And seasoned business owners can find links to all government agencies, contract opportunities and more.
 
 

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