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Helping Businesses Thrive and Grow

Looking Out For the Little Guy – Idaho Business Success

Success Stories If it’s success stories you want, Bill Jhung is your man.  The director of the North Idaho Small Business Development Center in Coeur d’Alene cites Idaho business after Idaho business that the nonprofit has assisted over the years. There are Alternative Molding Concepts of Post Falls.  There’s Laughing Dog Brewery in Sandpoint.  And…
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Checklist Yes or No

I Am Thinking of Starting a Business What Should I Do First?

Before you quit your job or print business cards, it is wise to take stock of personal considerations. Ask yourself: Do I have what it takes to be an entrepreneur? Am I a risk-taker? Do I have a grasp of basic financial and marketing principles? Am I resourceful and organized? Can I support myself and/or…
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Financial Report and Taking Notes

How Can I Obtain a Loan?

Securing a business loan can be a daunting process. The best way to enhance your “asking” position is to do your homework. Before approaching a lender, get a copy of both your personal and business credit reports and make sure they are accurate. If anything is amiss, correct it with the reporting agency. If there are blemishes (late…
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Looking at a Floor Plan on a Laptop

Where Can I Get Money for My Business?

The answer to this question will vary depending on whether you are starting a business or are already in business and on the following: the amount of money needed, length of time in business, geographic location, personal credit rating, financial net worth, business credit rating, if an existing business management ability, ability to provide collateral and repay…
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Are Grants Available to Start a Business?

The answer to this is No. Not unless you have invented a new technology that is of value to a federal agency or you have developed a new way to utilize natural resources. Otherwise, there is practically no grant money out there for ordinary for-profit small businesses. Somehow the fantasy persists that there is a…
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