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The Economic Development Council is partnering with the Federal Reserve on the 2020 Small Business Credit Survey. This survey is meant for businesses currently in operation, those recently closed and those about to launch.  Your responses will provide critical information that service providers, policymakers, and lenders use to improve programs for small business owners like YOU!

 

TAKE THE SURVEY HERE!

News

Bootstrapping vs Raising Out of the Gate: The Six Questions to Ask Yourself

A lot of founders debate whether or not they should try to raise capital or get a product up and running—perhaps even get some customers. Well, I’m here to give you a definitive answer. It depends. There’s really no one size fits all answer, but here are a set of questions that can help you clarify a few things.

Angel Investor Firm Actively Seeking Entrepreneurs and Ventures

Airfoil Angels, a Gulf South-based angel investor firm, is actively searching for entrepreneurs and ventures that need seed, startup and growth capital. Airfoil Angels looks at all deals regardless of industry, deal size, or project phase, and is committed to a process-friendly connection between its affiliated investors and entrepreneurs. Learn more at https://www.airfoilangels.com/

I’m Ready to Get Creative With My Business. Now Where Do I Start?

Have you ever heard of design thinking as a process to solve your business's problems? This might be the very inspiration and organization you need to tackle your ideas. Here are 3 tips to get you started.

Small Business Marketing Guide: Everything New and Small Businesses Should Know About Marketing

"Marketing helps people discover the small business, identify the problem that they have and the solution that the business provides as being the solution for them, and don't feel pressured but instead relieved." Check out all the things your business should know about marketing.

"I had matched my 6-figure salary": 4 Moves That Helped This Entrepreneur Take Her Side Hustle Full Time

Vix Reitano just wanted to go to more cycling classes and buy more shoes! Check out her story and leave us a comment on Facebook about your side hustle dreams!

Why Investors Say No - Three Startup Pitch Mistakes That Are Easy To Fix

Speaking to investors can require a language of its own. Word choice is important and even the smallest detail can make or break your startup pitch. Adam Dakin, Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over.

5 Qualities to Look for in a Remote Employee

"The fate of your company depends on the wheels that turn it, which makes it imperative that you know how to identify the qualities of a strong REMOTE employee." Check out 5 qualities you should be looking in your next remote hire here!

How to Start a Successful, Minority Woman-Owned Small Business

Starting a small business is no walk in the park — no matter your age, race or gender. However, minority women-owned businesses tend to face additional uphill battles that non-minority business owners don’t. Read on for a list of sources, outside of traditional loans, that women and minorities can tap into to gain capital.

Startup Funding Explained: How to Raise a Bridge Round

There are typically three core reasons why founders may be raising a bridge: 1) You didn’t achieve necessary traction to raise your next round, and you’re running out of cash, 2) You want more cash so you can hit key goals, raise your valuation, and make your next round less dilutive, or 3)Market conditions have changed. When you’re raising a bridge round and pitching investors, their first reaction may be that you’re in trouble. To overcome this, you’ll need to properly address your reason for raising bridge funding.

How to Manage a Startup Through Troubling Times

Like the downturns in 2008 and 2001, this has been a very trying time for entrepreneurs running startups. While some level of stress is inevitable if you are running a startup, times like this can ramp up the stress factor considerably. A startup is not a lone adventure.

UF Innovation Station Comes to Northwest Florida

The University of Florida Herbert Wertheim College of Engineering has announced the establishment of its second Innovation Station, UFIS at the REEF. Located in northwest Florida near Eglin Air Force Base (EAFB), the new engineering extension program will leverage the infrastructure and resources afforded by the UF Research and Engineering Education Facility (REEF) while providing further expansion of community outreach and workforce development opportunities to EAFB and the surrounding community.

All You Upstarts Out There

Most great ideas stem from solving a problem and fulfilling a need. What seems like a good idea often is a good idea and fortunes are made. Then the second or third person wanting to build on that good idea comes along. They may or may not do well. When does the market become saturated? Success, if it happens, may be short term or long term.