Recent Posts

Economy, Finance, Resources

A Miami bank receives $250M from the US Treasury to make loans to minority-owned small businesses

Banesco USA will be offering low-interest commercial loans to Miami-area companies, mainly minority-owned small businesses. The Coral Gables-headquartered bank, which focuses on commercial lending in South Florida and Puerto Rico, received a $250 million capital injection from the U.S. Treasury. With that money it will increase lending to small and […]

Economy, Success Stories

Florida SBDC at FIU helped launch 114 small businesses and secure $117 million in investments, making it the 2022 Center of the Year

The Florida Small Business Development Center (FSBDC) at Florida International University’s College of Business (FIU Business) has been recognized as the Florida SBDC Network Center of the Year for 2022. In 2021 the FSBDC at FIU assisted 2,050 clients, providing over 20,660 consulting hours. FSBDC at FIU consultants also led the state network in access […]

Operations

Interested in franchising? Here are some tips

Franchising makes up 12% of our US GDP – a huge economic impact. But is it right for you? Read on. Go to entrepreneurship.com and look at the list of 500  largest opportunities in franchising, says George Ray III, a consultant for Florida SBDC at FIU who specializes in franchizing. […]

Economy, Strategy

3 models of entrepreneurship: Why Unicorn-Builders do better than Unicorn-Starters

By Dileep Rao – Guest Contributor The conventional wisdom is that there are two kinds of entrepreneurs: · Small-Midsized Business Owners (SMB): They comprise the bulk of entrepreneurs · Unicorn-Starters (U-Starters): This type uses the Silicon-Valley-style venture-development method to build a unicorn with capital-as-a-weapon. It seeks first-mover ideas, minimum viable products (MVP), product-market combinations, angel […]