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Sam's Spotlight: "Business Resources"

Each week in Sam’s Spotlight my hope is to provide education and resources that are helpful and interesting to you, while also focusing on our community and economic development. This week I would like to spotlight a business resource for you - the Louisiana Small Business Development Center (LSBDC).

“The Louisiana Small Business Development Center (LSBDC) transforms lives and communities by supporting business development and growing companies across Louisiana. LSBDC offers high-quality consulting to existing and new small business owners at no charge, in addition to affordable training and high-quality market research. We specialize in growth acceleration, international trade, government contracting, and emergency preparedness.

Our mission is to facilitate the formation and growth of small businesses through individual one-on-one consulting services, entrepreneurial workshops, and training programs. With a network of 7 regional locations across all 64 parishes, professional LSBDC consultants turn simple ideas into profitable business ventures. Since 1983, LSBDC has broadened economic opportunities in Louisiana and fostered successful entrepreneurs.” (source: https://www.louisianasbdc.org/) The LSBDC is a free resource! There is so much information available on the website, but I would like to highlight a few things below so you know exactly what they can help you with:

· Business Planning - Create a Business Plan: LSBDC offers a step-by-step approach to crafting a business plan with growth potential. ● Human Resources: provide the knowledge and assistance to successfully manage your business and employees. In addition, LSBDC can help you effectively manage your taxes to avoid costly fines and penalties from the state and federal government. ● Business Development: LSBDC consultants help entrepreneurs develop strategic plans and create growth strategies. They turn existing entrepreneurs into profitable business owners. Take advantage of no-cost consultations and enhance the future of your business. ● Finance - Capital: LSBDC offers no-cost consulting and low-cost training to help you locate, prepare, and obtain financing. ● Banking & Loans: Their network of business consultants maintain valuable relationships with local lenders and understand lending requirements. They make sure you are bank ready. ● Marketing Strategy - Develop a Marketing Strategy: In today’s competitive environment, LSBDC helps small businesses create innovative strategies to identify new customers, increase sales, and achieve marketing success. Strategic Marketing & Research: Experienced LSBDC consultants can help you analyze the market, determine business feasibility, and create sales and marketing strategies for today’s digital world. Commercialize Products: LSBDC can help mold your idea into a product or move your existing invention to the marketplace. This final stage of development ensures your product is ready for consumers. ● Business Training - LSBDC offers engaging seminars and informative workshops on: Sales and Market Expansion, Online and Traditional Marketing, Accounting and Finance, E-commerce, Business & Risk Management, and Insurance Coverage.

The LSBDC serves Northeast Louisiana including Caldwell, Catahoula, Concordia, East Carroll, Franklin, Jackson, LaSalle, Lincoln, Madison, Morehouse, Ouachita, Richland, Tensas, Union, and West Carroll parishes. They offer no-cost confidential business consulting and affordable workshops to new entrepreneurs and existing business owners. There are multiple locations located throughout the state, including one located at the University of Louisiana at Monroe.

I want to encourage you to give them a call or reach out for a free consultation if you need help with starting a business, maintaining a business, or business questions in general. You can find the physical location on their website, plus you can reach them by email lsbdc.ulm@louisianasbdc.org or phone (318) 342-1224. I also share upcoming LSBDC workshops and resources on the Franklin Parish Economic Development social media pages, so make sure you are following us on Facebook and Instagram! I want to help you, so together we can help our community grow and prosper.

See you next week for Sam’s Spotlight!

Sam Sheppard

Franklin Parish Economic Development Coordinator

318-282-7535/ssheppard.edc@gmail.com

www.winnsboromainstreet.org

Follow us on Instagram and Facebook! @franklinparish.econdev



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