Small Business

Jeffrey Robinson explains minority small business accelerators in The Gainesville Sun article

Date: 
Wednesday, June 18, 2014
Location: 
Gainesville, FL

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions.

A key goal of the accelerators is to help minority owned-companies win contracts with large companies. Despite the rapid growth in the number of minority-owned businesses — over 45 percent between 2002 and 2007, according to the Census Bureau — they struggle to get business with major companies.

One reason for the disparity is that a small company may not have the infrastructure, such as computer systems, and the experience to operate on the level needed to fulfill a big contract, says Jeffrey Robinson, a professor of management and entrepreneurship at Rutgers University. He is working on the Newark accelerator.

"There's a leap you have to take from the five-person company to a couple hundred, to being a multimillion-dollar company. You can't run them the same way," Robinson says.

Full Article

TAGS: Entrepreneurship Jeffrey Robinson Management and Global Business Small Business

Small business owners pack U.S. Senator Cory Booker's summit on non-traditional lending sources

Friday, June 13, 2014

U.S. Senator Cory Booker moderated a special summit at Rutgers Business School on June 13 to introduce some of the leading alternative lenders and their services to small business owners and entrepreneurs in the state.

TAGS: Access to Capital City of Newark Community Cory Booker Entrepreneurship Small Business

Mentors help minority companies accelerate growth

Date: 
Wednesday, April 16, 2014
Location: 
New York, NY

Minority business accelerators have launched in a handful of metropolitan areas in recent years as local businesses, chambers of commerce and economic development groups work to create more jobs and improve the quality of life in their regions. The Cincinnati accelerator, created by the Cincinnati USA Regional Chamber in 2003, has inspired officials and business people in the Greenville, S.C.; Charlotte, N.C., and Newark, N.J. areas to start similar programs.

A key goal of the accelerators is to help minority owned-companies win contracts with large companies.

Mentors at the accelerators act as advisers, meeting with company owners, helping them improve operations and build strategies. They also connect owners with big customers.

Local chambers of commerce and economic development agencies have launched accelerators to help minority businesses create jobs. Officials say the inability of minority companies to expand holds back a region’s economic growth.

“Look at the number of minority business enterprises and how many are able to build jobs. It’s grossly disproportionate from their majority counterparts,” says Nika White, vice president of diversity and inclusion at the Greenville Chamber of Commerce.

One reason for the disparity is that a small company may not have the infrastructure, such as computer systems, and the experience to operate on the level needed to fulfill a big contract, says Jeffrey Robinson, a professor of management and entrepreneurship at Rutgers University. He is working on the Newark accelerator.

“There’s a leap you have to take from the five-person company to a couple hundred, to being a multimillion-dollar company. You can’t run them the same way,” Robinson says.

Full Article

TAGS: Entrepreneurship Management and Global Business Small Business

Some small businesses still wait for Sandy grants, Jeff Robinson quoted

Date: 
Friday, October 25, 2013
Location: 
New York, NY

A year after Superstorm Sandy sent more than six feet of ocean water into their ice cream store and destroyed everything inside, Brian and Michelle McMullin are still waiting to hear if they'll get grant money from New Jersey to help pay rebuilding costs.

But 60 miles away, in New York City, a $250,000 grant from a utility helped Madelaine Chocolate start its recovery after more than four feet of water flooded the factory and left mud, rust and mold covering walls, floors and more than 100 pieces of equipment.

Small business owners who applied for grants after the Oct. 29, 2012, storm are more likely to have gotten money by now from private sources like corporations, charities and chambers of commerce rather than the government. The problem: States must, by law, follow certain steps to give grants. But a lack of planning and negative attitudes about businesses also stand in the way of getting money quickly to companies that need it, according to people who study disaster recovery.

There's also resistance to giving small company grants because of the belief that business owners are well off, says Jeffrey Robinson, an assistant professor of entrepreneurship at Rutgers University in New Jersey.

"They think, 'they're making money, why should we give it to them?'" Robinson says. "But you don't know how much you rely on the local supermarket or the corner Dunkin' Donuts until it's gone."

Full Article

TAGS: Jeffrey Robinson Sandy Small Business

Kid entrepreneurs set up stands across New Jersey on Lemonade Day

Wednesday, May 29, 2013

TAGS: Corporate Partners Entrepreneurship Small Business Social Entrepreneurship The Center for Urban Entrepreneurship and Economic Development

Small Business Development Center opens in Middlesex County to assist businesses and enrich student learning

Wednesday, March 13, 2013

TAGS: New Jersey Small Business Development Center at Rutgers New Brunswick New Jersey Small Business Development Center at Rutgers Newark Small Business

Entrepreneur Roadshow Concentrates on Business Pitching to Investors, the Media and Retailers

Date: 
Tuesday, October 16, 2012
Location: 
Newark, NJ

Own It Ventures, a woman-owned, NJ based organization has collaborated with Rutgers University-Center for Urban Entrepreneurship & Economic Development and investors from TechLaunch and Delaware Crossing for a "Get Your Business Pitch Ready for Prime Time" Entrepreneur Roadshow on October 26, 2012 at Rutgers Business School in Newark, NJ. The day is set to educate women entrepreneurs on the important elements of successful business pitches to Angel Investors, the Media and Retailers.      

"We have found that most entrepreneurs do not fully understand the process and mechanics of pitching their companies and/or products to investors, the media and retailers. The issue for women is compounded with the fact that if we do not feel confident or knowledgeable, we typically will not attempt to pitch," states Melissa Cloeter, President of Own It Ventures.

The agenda for the Entrepreneur Roadshow is to alleviate the angst and improve the areas where women lag; specifically access to capital, revenue growth, and access to influential business networks. According to the Survey of Business Owners Census in 2007, women own approximately one third of small businesses and employ 7.6 million people, yet only 4% of women owned firms secure bank loans to finance growth and less than 2% receive funds from VCs, family and friends.

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TAGS: Entrepreneurship Small Business The Center for Urban Entrepreneurship and Economic Development

Rutgers Newark Small Business Development Center Appreciation Awards Dinner Dance & Networking Event

Thursday, October 13, 2011

Rutgers-Newark Small Business Development Center is proud to be hosting an elegant gala in honor of businesses, individuals and organizations that have supported the Center and its programs from 2010-2011. This event will be held on October 20th, 2011 from 6:00PM – 10:00PM at the Cedar Hill Golf & Country Club, 100 Walnut Street, Livingston, NJ 07039. The Appreciation Awards event is an opportunity to thank Rutgers-Newark SBDC financial Sponsors, Advisory Board Members, Open House Hosts and WEN Speakers involved with the Center.

TAGS: Awards New Jersey Small Business Development Center at Rutgers Newark Small Business

The New Jersey Business Growth Summit Offers Quality Training to NJ's Small Businesses

Date: 
Thursday, September 1, 2011
Location: 
New Jersey

The New Jersey Business Growth Summit has been designed for business professionals focused on sales, marketing, negotiation, and business growth.  This day-long event, which will take place on November 17, 2011 at the Pines Manor in Edison, will give small to medium sized business owners, sales and marketing professionals, and anyone else interested access to an exceptional learning and networking event.

It will include a two hour session on negotiation with a BusinessWeek rated top 25 professor, Dr. Ben Sopranzetti of Rutgers Business School.

Read the full article

TAGS: Ben Sopranzetti Marketing New Jersey Sales Small Business

Grant to New Jersey Small Business Development Centers supports job creation

Thursday, February 10, 2011

NEWARK, N.J. – Small businesses in New Jersey will soon have greater access to critical resources to help them start or grow their businesses and create jobs, thanks to a $1.3 million grant to SBA’s New Jersey Small Business Development Center.

TAGS: Entrepreneurship New Jersey Small Business Development Center at Rutgers Newark Small Business

Grow Your Business with Merchant Services (Livingston)

Upcoming: Tuesday, August 19, 2014 10:00am - 12:00pm
Livingston Campus: 100 Rock, Room 2071

Why is it important to establish merchant services account with your banker? Your banker will provide tailored solutions that meet your unique and growing needs. Improve cash flow and increase revenues with flexible credit card processing and check verification programs. A banking partner can customize a program to fit your needs, including:

TAGS: Merchant Services New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Franchising Panel Discussion (Livingston)

Last Occurrence: Wednesday, June 25, 2014 4:00pm - 6:00pm
Livingston Campus

Plenty of questions race through your head when you hear “franchise business ownership.” Perhaps you’ve never thought of yourself as an entrepreneur. In reality, franchise owners are more often the guy next door who found a franchise business model that matched their goals, needs and budget.

TAGS: Franchises New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Bank of America Monthly Credit Clinic (Livingston)

Upcoming: Thursday, December 11, 2014 6:00pm - 8:00pm
Livingston Campus: 100 Rock, Room 4005C

This program addresses how critical credit issues impact the achievement of important and complex personal & business financial aspects and will cover: 1) How to understand one’s credit situation/status based on what your credit report reveals 2) How credit scores are calculated; determined; impacted; manipulated and navigated.

TAGS: Credit New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Intro to Entrepreneurship Q&A (Livingston)

Upcoming: Wednesday, December 17, 2014 4:00pm - 6:00pm
Livingston Campus: 100 Rock, Room 4005C

The Intro to Entrepreneurship Q & A sessions provide opportunities for those interested in starting a business to address start-up issues or questions: Starting with The Finish Line In Sight. Pre-registration required.

TAGS: Entrepreneurship New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Intro to Entrepreneurship Q&A (Livingston)

Upcoming: Wednesday, December 3, 2014 10:00am - 12:00pm
Livingston Campus: 100 Rock, Room 4005C

The Intro to Entrepreneurship Q & A sessions provide opportunities for those interested in starting a business to address start-up issues or questions: Starting with The Finish Line In Sight. Pre-registration required.

TAGS: Entrepreneurship New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Bank of America Monthly Credit Clinic (Livingston)

Upcoming: Thursday, November 13, 2014 6:00pm - 8:00pm
Livingston Campus: 100 Rock, Room 4005C

This program addresses how critical credit issues impact the achievement of important and complex personal & business financial aspects and will cover: 1) How to understand one’s credit situation/status based on what your credit report reveals 2) How credit scores are calculated; determined; impacted; manipulated and navigated.

TAGS: Credit New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Acquiring an Existing Business or a Franchise (Livingston)

Upcoming: Tuesday, November 11, 2014 6:00pm - 8:00pm
Livingston Campus: 100 Rock, Room 4005C

Acquiring an existing Business or Franchise - Buying into a proven business or franchise affords a glimpse of the company’s operations, competition, and future profit potential. Explore the alternatives to starting a new business. Seminar will cover the pros and cons of acquiring an existing business. Presenters: Elayne P. McClaine, Associate Broker, Executive Business Brokers. Fee: $25.00

 

Registration

TAGS: Mergers and Acquisitions New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Insurance Issues & the Affordable Healthcare Act (Livingston)

Upcoming: Tuesday, November 4, 2014 4:00pm - 6:00pm
Livingston Campus: 100 Rock, Room 4005C

Business health insurance is a major cost of doing business, especially for small companies and mom-and-pop firms. Seminar will cover Human Resources Management and Health Benefits. Strategies for reducing health insurance costs. Specific focus will be given to the 2012 Affordable Health Care Act as it rolls out over the next two years. Free

 

Registration

To register call 848-445-8790 or 848-445-8796 or email at njsbdcnb@business.rutgers.edu.

 

TAGS: Health Care New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

Access to the Capital with SBA & Lenders (Livingston)

Upcoming: Thursday, November 13, 2014 10:00am - 12:00pm
Livingston Campus: 100 Rock, Room 4005C

The small business owner will learn about the SBA’s business loan programs, no-cost business management counseling programs, what goes in to a good loan proposal, how to prepare one to increase the chances of getting a loan. In addition participants will go over strategies for credit management & credit score improvement. Attendee can schedule an appointment for credit counseling on the spot. SBA Presenters and local lenders will be on hand to discuss various loan programs, credit profiles and financial readiness. - NO COST.

 

TAGS: Access to Capital New Jersey Small Business Development Center at Rutgers New Brunswick Small Business

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