Second Small Business Center Opens in Guilford Co., After Success at First Location

12:25 PM, Jul 17, 2013   |    comments
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High Point - The Guilford Technical Community College has opened its second Small Business Center (SBC) in Guilford County in the High Point Chamber of Commerce.

SBC director Mark Hagenbuch told News 2 Wednesday High Point has a longstanding tradition of entrepreneurial endeavors and small business success and therefore is confident in the decision to open up the second Guilford County SBC in that city.

It is fully funded by the state of North Carolina and offers free, one-on-one confidential consultations for prospective and existing small business owners. SBC also provides free business seminars and skills workshops and is partnering with the High Point Chamber of Commerce.

"The leadership at both GTCC and the High Point Chamber have worked together for a long time, and they realized that it would benefit both organizations as well as entrepreneurs and business owners in High Point to have a local office of the Small Business Center in High Point," Hagenbuch said.

GTCC's headquarters in Guilford Co. are at its other location in Greensboro, where Hagenbuch said it helped create 43 new jobs and nine small businesses, as well as retain 129 new jobs. In the past year, there has been $515,289 of capital formation (loans and owner equity).

The services at that location helped local business owner Steve Knier, who talked with News 2 Wednesday, as well. He said he knew Hagenbuch and reached out to him with an idea to build his now-up-and-running Making a Difference Estate Sales LLC. Knier just had his first sale a week ago and is looking forward to the future of his company.

Of how to get started using SBC services, Hagenbuch said, "For existing business owner who is getting ready to go to a lender for a loan, we would ask to see a copy of their business plan and projections and schedule a free, confidential one-to-one counseling session.  [If] someone just has an idea and isn't sure whether or not it has the potential to turn into a business, we have many free seminars and workshops on topics such as licenses/permits/requirement, business plan, developing a marketing message, and understanding financial statements."

For information on how to schedule a consultation or view upcoming seminars, Hagenbuch suggests visiting the SBC web page.


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