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SBA Announces Small Business Video Contest: Tell Your Story!

Blogged By: 
SBA News

Do you have a small business story to tell? Every business has one. Tell your story to the SBA and your video may appear at National Small Business Week, SBA’s marquee event that attracts hundreds of small business owners, Fortune 500 company executives, Members of Congress and Obama Administration officials.

In celebration of National Small Business Week 2012, SBA is looking for creative videos from small businesses that show how they have been helped by an SBA program or service.  The contest will raise awareness of the importance of SBA programs, and the impact the small businesses that use them have in their local communities.  

Strategic Business Partnership

Blogged By: 
MBDA

Strategic Business PartnershipForming strategic business relationships is a way to enhance the competitive advantage of a minority-owned firms and increase success in securing business that might otherwise go to another supplier.  Business relationships take on many forms, from simple contractual relationships to acquisitions. But overall, these relationships are enduring business arrangements falling somewhere on the spectrum between these two extremes.

MBDA Minority Business Development Centers can guide your business into the right arrangement based on your company’s direction, core competencies, and opportunities based on industry. 

The types of strategic alliances include:

  • Simple Contract – This is a basic transaction occurring when a business offer is accepted, and something of value is exchanged.  The contract is specific about what is expected by each party and does not obligate the businesses to any future deals.

  • Open-ended Contract – This arrangement is specific about the terms on which the companies will do business, but perhaps not specific about how much business will be done or when.   

  • Joint Contract – A company can contract with two or more entities to supply goods or services. Typically, two suppliers work very closely together and the contract's primary purpose is to communicate what the client expects of them.   

Benefits of a Merger or Acquisition

Blogged By: 
Cranfield School of Management

There are many good reasons for growing your business through an acquisition or merger. These include:

  1. Obtaining quality staff or additional skills, knowledge of your industry or sector and other business intelligence. For instance, a business with good management and process systems will be useful to a buyer who wants to improve their own. Ideally, the business you choose should have systems that complement your own and that will adapt to running a larger business.

  2. Accessing funds or valuable assets for new development. Better production or distribution facilities are often less expensive to buy than to build. Look for target businesses that are only marginally profitable and have large unused capacity which can be bought at a small premium to net asset value.

  3. Your business underperforming. For example, if you are struggling with regional or national growth it may well be less expensive to buy an existing business than to expand internally.

  4. Accessing a wider customer base and increasing your market share. Your target business may have distribution channels and systems you can use for your own offers.

Facts You Should Know About SelectUSA.gov

Blogged By: 
Angela Washington

SelectUSA ScreenshotSelectUSA seeks to highlight the many advantages the United States offers as a location for business and investment. From a vast domestic market, to a transparent legal system, to the most innovative companies in the world, America is the place for business.

Purpose: Client Resource, Business Assistance

What you should know?

  • SelectUSA was created at the federal level to showcase the U.S. as the world’s premier business location

Facts You Should Know About Export.gov

Blogged By: 
Angela Washington

Export.gov ScreenshotExport.gov is a tool created to assist U.S. business in accessing international markets by providing the resources necessary for export

Purpose: Client Resource, Business Assistance

What you should know?

  • Offers a wide range of current industry and trade information to help exporters of U.S goods and services find the information they need to compete successfully in overseas markets

Did you know...

The percentage of clients with annual revenues in excess of $500,000 increased over the last five fiscal years.
Graph for MBDA Client Portfolio made up by SGI Clients

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