The Critical Importance of Good Advice

Alexandria Small Business Development CenterSmall businesses and small nonprofits often face situations where it may make sense to get expert guidance to avoid costly mistakes. At the very earliest concept for a business venture, there are resources that can provide objective feedback and suggest approaches you might not have considered. The Alexandria Small Business Development Center (SBDC) provides accessible and experienced resources through its staff and its new SCORE counselor. These experts are adept at identifying areas that even the best of planning might have overlooked, and every entrepreneur benefits from getting a fresh perspective. With comprehensive feedback at the earliest stages, your strategies, approaches, and next steps are much better defined. In addition, the services of the SBDC and SCORE are without cost, leaving you more resources to spend on starting and growing your business.

During these counseling sessions, entrepreneurs may identify issues that require further research. Often, these include zoning and other locational considerations. They also include licenses, permits, and potential restrictions. Forewarned of these requirements, the entrepreneur can make better plans with fewer surprises. City staff is also ready to help the entrepreneur with preliminary and detailed planning – all before leases or other obligations are signed. The City now has small business facilitators who are entirely focused on helping novices through permitting and licensing processes. They can be reached at 703-746-4199 or 4268.

For help with site selection and advice on leasing, the entrepreneur should consult the Alexandria Economic Development Partnership (AEDP). Their expert staff knows the City, the real estate market, rental rates / sales comps, and can assist you with the site selection process for leases, sales or development. Their services are free and an essential stop before anyone considers, much less signs, a lease. Additionally, the Alexandria SBDC has a “Leasing Checklist” on its website. Both AEDP and SBDC staffs can advise you on Alexandria neighborhoods, their civic and business groups, and how to make the best entry with your business.

Financing is another area where entrepreneurs may need to get advice before making a formal application. Every application you make could affect your credit score, and being declined reduces your prospects with other lenders. Meeting with the SBDC’s business analyst – a retired banker – will help you strengthen your presentation to a lender, much like preparing with a coach before an interview. The earlier that preparation takes place, the better.

In addition to the free economic development resources like the SBDC, SCORE, and AEDP, there are other professionals whose expertise will save entrepreneurs many headaches – and dollars – if they are consulted early-on. Attorneys and accountants should be part of your management team from the start, and human resources consultants can help you avoid potential pitfalls as you start hiring employees. Alexandria SBDC keeps lists of reliable professionals for a broad range of small business matters, and we welcome your contacting us for referrals.

For more information, visit www.alexandriasbdc.org or contact Alexandria SBDC at 703-778-1292 or inf[email protected]

 

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