Small Business

STEP Funding Sending Illinois Small Businesses Overseas

Since October 2011, Illinois small businesses have had a unique opportunity to receive financial assistance from the state to increase exports.  Illinois received $1,265,477 in State Trade and Export Promotion Program (STEP) funding for reimbursing between 50 to 75 percent of an Illinois’ exporter’s overseas travel expenses...

 

IBISWorld Industry Research Comes to the SBDC

When creating a business plan, current market research is essential.  Understanding where the industry is progressing can be the difference between making a business proposal that is funded or not.  The Illinois Small Business Development Center Network now has a subscription to the IBISWorld database of over 700 industry reports.

 

Low Gross Margin Got You Down?

Low gross margin is one of the most common reasons for company failure.  If your gross margin is slipping or is lower than the industry average, repairing it should be job one.  Possible causes of low gross margin include...