The SmallBizChat with Melinda Emerson
A series focused on small business advice and strategies, by Melinda Emerson, known as "SmallBizLady", discussing various aspects of entrepreneurship and small business management. Get insights from experts about topics relevant to small business owners.
The Business Mindset with Dr. Lorneth Peters
In this episode, Melinda Emerson chats with Dr. Lorneth Peters about her entrepreneurial journey and role at the Small Business Development Center. They discuss the importance of mindset, understanding business terminology, and the benefits of mentorship for small business owners. The episode also covers misconceptions about the SBA, steps to start a business, and the necessity of home-based business insurance.
Key Points
- Successful entrepreneurs often have a mentor, conduct thorough research before starting their business, and surround themselves with knowledgeable individuals who can offer guidance and expertise.
- Having a "BAIL's team" consisting of a Banker, Accountant, Insurance agent, Lawyer, and Small Business Development Center advisor is essential for business support and navigating challenges effectively.
- Starting a business is always a good time, but it's crucial to ensure the business is essential, able to adapt to changing circumstances, and backed by solid research and planning.
Chapters
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| 35:12 |
Transcript
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