2011 ANNUAL SMALL BUSINESS GROWTH SUCCESS AWARDS LUNCHEON-
NEW JERSEY SMALL BUSINESS DEVELOPMENT CENTERS
SPECIAL DISCOUNTED RATE FOR A LIMITED TIME ONLY
SAVE THE DATE
Friday, December 2, 2011
WHERE: The Forsgate Country Club, Monroe Township, NJ
TIME: 11:30 am – 2:30 p.m.
Sponsored by: PNC Bank, Verizon, NJ Shares, PSE&G
Join business owners from diverse sectors of the [...]
NJSBDC Network Expands Its Long-Distance Learning Program
New Additional Business Growth Topics Launched
March 15, 2012 (Newark, NJ) Last year the NJSBDC network offered an array of E-Commerce webinars for those starting or expanding their business. Hundreds of business owners signed up and joined to learn about website development, marketing online, the [...]
Accounts payable: Amount owing to creditors for goods and services on an open account.
Accounts receivable: Amount due from customers for merchandise or services purchased on an open account.
Asset: Anything owned by a business or individual that has commercial or exchange value.
Balance sheet: Financial statement that presents a “snapshot” of what the business owns, what it [...]
There are numerous programs available to assist prospective and existing small business owners. Many are wholly or partially funded by federal or local government entities and can provide services to you at low or no cost. Sometimes staffed by university professors and graduate business students, retired business executives, or small business consulting specialists, these programs [...]
Another tool the lender will use is financial ratio analysis. Ratios permit review of a company’s current financial performance versus that of previous years. In the same way that a medical checkup tests one’s heart, lungs, and changeable factors such as body weight, an analysis of a company’s financial performance considers the status, changes, and [...]
Provides you with a snapshot of your business at a specific time, such as the end of the year. It keeps track of your company’s assets, or what the company owns (including its cash), and the company’s debts, or liabilities (generally loans from others). It also shows the capital, or equity, put into the business. [...]
Credit Analysis Regardless of where you seek funding–from a bank, a local development corporation, or a relative–a prospective lender will review your creditworthiness. A complete and thoroughly documented loan request (including a business plan) will help the lender understand you and your business. The basic components of credit analysis, the “Five C’s,” are described below [...]
Printed with permission from Don Greenfield of Greenfield Management Group, LLC. Prepared for Universal Technical Resource Service, Inc.
Purpose of a Business Plan
Basically, a business plan is a vehicle for internal and external communication that provides a statement of where a business is going. The business plan can be in several formats. While the [...]
When you apply for a business loan, you will need to provide certain information about yourself and your business in the form of a business plan. A business plan can act as an ongoing management guide to help you establish production goals and measure actual performance. Your business plan can help demonstrate to a prospective [...]
"I received SBDC assistance to help me start my business in 2006. Since then, I have received financing in the amount of $50,000.00 due to their assistance..."- MC, Clifton.
The NJSBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA).
