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May 26, 2023 Leave a Comment Like

Your Service Paid for Our Service

As a veteran in the world of entrepreneurship, navigating the business landscape can be daunting. However, with the support and resources provided by the Utah Veteran Business Resource Center (Utah VBRC), veterans can find pathways to success in their entrepreneurial endeavors. Explore the top ten invaluable benefits that veteran entrepreneurs receive when working with the Utah VBRC. These advantages empower veterans to leverage their unique skills and experiences and translate them into the business world.

“Your Service Paid For

May 4, 2023 Leave a Comment Like

Small Business Survey Data from Goldman Sachs 10,000 Small Businesses—Beth Colosimo

As a Goldman Sachs 10,000 Small Businesses program site, The Mill is fortunate to gain national data from more than the 13,000 pool of 10KSB alums across the country through regular surveys. This information helps us in Utah stay apprised of national trends and how they relate to what we experience locally.

While Utah’s economy continues to report strong performance, our small businesses are continually plagued with challenges that affect their bottom line. Anecdotally in my conversations with our small

Bryce Hansen, Advisor of Salt Lake Region SBDC

April 4, 2023 Leave a Comment Like

Projecting Your Cash – Easier than you think

By Bryce Hansen, Salt Lake SBDC

At the SBDC, a lot of our time with clients is spent guiding them on preparing cash flow projections. A Cash Flow Projection template is simply a tool for business owners to put their unsaid assumptions regarding financial flows on paper, or in this case, on a spreadsheet. The purpose is to project at what point a business owner may run out of cash, based on current assumptions.

Most small businesses–which I define here

March 17, 2023 Leave a Comment Like

UDVMA AND VETERAN BUSINESS RESOURCE CENTER LAUNCH VETERAN-OWNED BUSINESS REGISTRY

Salt Lake City (Jan. 9, 2023) — The Utah Department of Veterans and Military Affairs (UDVMA) and the Veterans Business Resource Center (VBRC) at Salt Lake Community College have launched a veteran-owned business registry. This registry will help promote Veteran-owned businesses in Utah by allowing the public to search for and find Veteran businesses to support.

Utah is home to over 140,000 Veterans and according to the U.S. Census Bureau, 18,000 Utah businesses are Veteran-owned. The state continues to be recognized

February 24, 2023 Leave a Comment Like

Measure Once Cut Once Veteran Owned Business Spotlight:

Many have learned the hard lesson to “measure twice, cut once” while working on various projects on construction sites and even around the home. It has been time well spent to ensure measurements are accurate and now there is a way to bring the accuracy without spending the extra time on duplicating measurements for projects. Meet Michael Donnell, a Navy submarine veteran who exited the military as an E5 2nd Class Petty Officer. Donnell is also an entrepreneur and the

February 21, 2023 Leave a Comment 1

Three Fundamentals for Winning at Crowdfunding

By Bryce Hansen, Salt Lake SBDC

Crowdfunding has become a bona fide way to fund the purchase of molds and inventory of physical products, while also offering some validation in the market for the product.

I have found three fundamentals that ought to be done, so that you or more likely to have success with your own crowdfunding campaign.

First, build up your following of people interested in your product before you go “Live” with your campaign. This takes time