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SBDC Makes Connections for Small Businesses

This success story is not so much about significant economic impact as it is about an example of a team effort from local programs and citizens assisting a young entrepreneur get started in business. A community college student’s ultimate goal was to start his own business, and a rent-to-own business seemed to be among his thoughts most often. His vision was to rent and sell TVs VCRs sofas, a variety of furniture, appliances, computers, etc. While in a micro business development class, a local CPA took an interest in helping this young man him pursue his dream. At one point, the CPA introduced his protégé to the local SBDC for assistance in preparing a business plan.

During the SBDC meeting the question of a location was discussed and different ideas were mentioned. One idea was for him to talk with the Small Business Incubator to see if his business would be a good fit for the incubator. Although it appeared the incubator did not really fit in the owner’s marketing scheme, the manager connected him with a downtown building owner. She was encouraged by those helping the enthusiastic entrepreneur and she offered him her minimal rent figure during the company’s startup stage. As a result of the combined efforts of all parties mentioned, the new business owner moved into a 6,000 square feet building in August 2002. The building also has a 2,000 square feet basement to house the expansion of his inventory line.
Updated 10/2/2008 1:24:54 PM | BJohnson


U.S. Small Business Administration, George Mason University, and America's SBDC

All programs of the Virginia SBDC are open to the public on a non-discriminatory basis to all legal residents and citizens of the United States.
Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Full disclosures regarding federal funding are available at https://www.virginiasbdc.org/funding-sources/.

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