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 …
Creating a Logo: A 7-Step Guide
“You never get a second chance at a first impression”. Successful companies build brands that attract the right customers and inspire …
Customer Discovery in 4 Steps: A Guide to Validate a Market Before Investing in your Company
The best business ideas are validated by customers in the marketplace before the product or service is fully developed. Savvy …
Successful Entrepreneurs Solve a Problem for their Customer
One of the most common questions that our consultants hear is “What type of business should I open?” Many aspiring entrepreneurs have dreams about forming …
A Rapidly Changing Business Landscape in 2020
Record numbers of businesses closed during the pandemic is offset by a rapidly changing business landscape in 2020 with a record …
Business in 2020: Learn New Skills and Improve Your Weaknesses
Many businesses have modified their operations since the beginning of this year. Purchases are handled differently, inventories have shifted, and business models have changed just to …