Biz Tips
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The latest, Wyoming-specific small business tips from Wyoming SBDC Network experts.
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What is the Department of Energy Letter of Intent?
Is your small business looking to apply for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) funding at the Department of Energy (DOE)? If yes, you will want to start working on a Letter of Intent (LOI) due December 17, 2021....
Get Your Customers to Shop Sooner This Holiday Season
Encourage Early Shopping to Avoid Last Minute Disruptions Supply chain issues are not getting any better and could get worse the closer we get to the holiday season. To give your products the best chance of arriving on time, we’re encouraging small business owners to...
Obstacles to Starting a Business
The biggest hurdle that I have seen for small businesses wanting to get started is finding funding. This obstacle is different for every business as some businesses (such as service businesses) don't require as much initial investment to get going. In contrast, asset...
The Five Disciplines of Marketing – My Take
As I sit at my desk on a beautiful September day, I am intrigued by an on-going class that is being offered through the Wyoming SBDC Network entitled the "The Five Principles of Marketing”. This class, which by the time you read this will have already begun, is being...
Building a Professional Team
It goes without saying that every business strives to build a professional team of employees to serve their customers. But not everyone sees the importance of building a team of professionals to serve the business. Let's talk about that. It is rare to find a business...
Market Benefits Instead of Features: Speak to Your Customers’ Needs
Writing effective advertising, web, or social media content is vital to customers making a purchasing decision or even visiting your establishment. Professional copywriters are trained to focus on benefits first and features later to drive sales. Benefits vs. Features...
What are Estimated Taxes and do I Have to Pay Them?
As a sole proprietor, partner or member of an LLC, you will be responsible for paying Estimated Taxes to the IRS on a quarterly basis at the point where you owe tax of $1,000 or more when your return is filed. The IRS does not consider the owner as an “Employee,” and...
Boosting Employee Morale
Keeping your employees engaged can be a struggle, especially if you’re trying to get back to pre-COVID levels of morale. Higher morale often leads to increased output from your workers, higher employee retention, and an overall happier environment to work in. There...
Welcome to the new SAM.gov
Government contractors are all familiar with SAM: The System for Award Management. This is often the first stop on the journey to becoming a contractor as a firm registers here to do business with the government. Many of us have also spent a lot of time on the late...
