Archives for 2021
Importance of Developing Your Business Plan
Most business owners know that they need a business plan, yet they find it hard to justify setting aside the time …
Government Contracting Assistance
Do you have a product or skill that the government buys? Are you considering government contracting as a way to start …
Eagle Innovation Business Pitch Competition Awards $3,500 to Student Entrepreneurs
“What is your business idea? What problem will you solve? Who is your target customer?” On April 15, thirteen student entrepreneurs …
Engaging UMW Students as Interns
UMW students possess many natural and learned skillsets that can be great assets to small, growing, and large companies. As ‘digital natives’, they …
Minimum Wage: Preparing for Increases
The Virginia legislature has mandated that minimum wage will be increased five times over the next five years from its …
3 Common Cash Flow Mistakes that Small Businesses Make
Cash flow problems are among the main reasons why small businesses close their doors. According to a study by the U.S. Bank, as many as 82 percent of …
StartUpUMW Student Founds Suicide Prevention Nonprofit
UMW alumna and graduate StartUpUMW student, Julie van Ommeren’s decided to complete her college degree in her mid-40s, after devoting …
Pitching Your Business in 90 Seconds
Have you ever been to a restaurant with a 4-page menu and a website that provides little information about the …
Red Flags to Avoid an IRS Audit
Small business owners are some of the world’s busiest people. Keeping up with operations, sales, service and running the company …
Impact of Covid on Federal contracting
As 2021 starts, coronavirus cases are up and it seems that coronavirus will continue to impact small business for some time …
Projecting Cash Flows is Essential to Business Success
In order to be successful, it is essential that a small business owner take the time to understand how cash …