28 min listen
New Beginnings: Getting Ready to Start Your Business
New Beginnings: Getting Ready to Start Your Business
ratings:
Length:
24 minutes
Released:
Oct 26, 2021
Format:
Podcast episode
Description
Starting a new business is one of the most exciting and nerve-wracking moments in a person’s life. The stakes are high: depending on your situation, your whole net worth could be on the line. So how can you make sure that you’re in a position to succeed? On this episode of In Good Companies, we’re talking business beginnings—the things you can do to prepare for what’s ahead. Guests Alan Thomes (Managing Director of SBA Banking, Cadence Bank) and Allan Adams (State Director, University of Georgia SBDC) join us to discuss bulletproof business plans, funding options, and developing relationships with key stakeholders. Together, we’ll uncover key resources, like expert consultation (for free!) from the Small Business Development Center and low-risk loans through the Small Business Administration. You’ll learn who you need to talk to and how to avoid the pitfalls of overexcited entrepreneurship. Business isn’t a sprint, it’s a marathon—and nobody rolls out of bed and runs a marathon without training. Preparation is essential and the more prepared you are, the more confidence you’ll have as issues arise. So let us guide you to the starting line, and when the bell rings and you open your doors, you’ll be ready. Highlights:
The dangers of overexcited entrepreneurship (2:07)
Doing your homework (5:41)
How the SBDC helps entrepreneurs (7:10)
Crafting a business plan (11:09)
The 5 C’s of Credit (12:11)
How a solid business plan can open doors (14:19)
Funding options (15:22)
Introduction to the SBA and 7a Loans (18:24)
Why you need to create a relationship with your lender (22:51)
Think of your bank as a partner (24:43)
Links:
Cadence Bank Website
Cadence Bank Twitter
Cadence Bank LinkedIn
Cadence Bank – SBA Loans
Small Business Administration Website
SBDC (Small Business Development Center) Website
University of Georgia SBDC Website
University of Georgia SBDC Twitter
Allan Adams LinkedIn
Alan Thomes LinkedIn
Feedback:If you have questions about the show or topics you'd like discussed in future episodes, email our producer, sheena.cochran@cadencebank.com
The dangers of overexcited entrepreneurship (2:07)
Doing your homework (5:41)
How the SBDC helps entrepreneurs (7:10)
Crafting a business plan (11:09)
The 5 C’s of Credit (12:11)
How a solid business plan can open doors (14:19)
Funding options (15:22)
Introduction to the SBA and 7a Loans (18:24)
Why you need to create a relationship with your lender (22:51)
Think of your bank as a partner (24:43)
Links:
Cadence Bank Website
Cadence Bank Twitter
Cadence Bank LinkedIn
Cadence Bank – SBA Loans
Small Business Administration Website
SBDC (Small Business Development Center) Website
University of Georgia SBDC Website
University of Georgia SBDC Twitter
Allan Adams LinkedIn
Alan Thomes LinkedIn
Feedback:If you have questions about the show or topics you'd like discussed in future episodes, email our producer, sheena.cochran@cadencebank.com
Released:
Oct 26, 2021
Format:
Podcast episode
Titles in the series (52)
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