Business Tip: Small business owners wear tool belt of duties

Aug. 26, 2014 at 3:51 p.m.
Updated Aug. 26, 2014 at 8:56 p.m.

As a small business owner, oftentimes you may feel like you are out on an island by yourself. You are the project manager, you are the chief financial officer, you are the advertising professional, you are middle management, you are the human resources director, and you are the financial analyst. You wear many hats.

It is highly possible that you may not have professionals in each vein of business to rely or fall back on for specific questions. Therefore, it is your job to fill your tool belt with knowledge and resources of all things small business.

Thursday, the University of Houston-Victoria Small Business Development Center is co-hosting an all-day, small-business forum that is sponsored by the Texas Governor's Office, the Texas Workforce Commission and partners in the Crossroads.

Kicking off the event will be speakers from the Texas Workforce Commission and Workforce Solutions, who will discuss tax credits, the labor market and incentives for employee development.

If you are a minority-owned business, meaning a business that is 51 percent owned by a woman, service disabled veteran, African-American, Hispanic, Native American or Asian Pacific-American, you may find Paul Gibson, the director of Texas Historically Underutilized Business Program, intriguing. He will discuss the process and benefits of being certified as a Historically Underutilized Business in Texas.

In addition, investment and business growth strategies and resources will be highlighted by a local investment banker and speakers from the SBDC and Victoria College.

Lastly, the program will include the personal account of a successful local small business; an account of how a Victoria-based company went national through successful and ongoing expansions.

As a direct resource for small business entrepreneurs, I encourage you to supplement your tool belt with knowledge about our local workforce professionals, initiatives, labor information, beneficial certification programs, funding strategies and business retention and expansion resources.

Aside from the knowledge from each speaker, the event is an incredible way to network with local small business owners. We hope to see you Thursday with your tool belt.

For more information, contact the University of Houston-Victoria Small Business Development Center at 361-485-4485.

Lindsay Young holds a Bachelor of Science in Agricultural Development from Texas A&M University, a Master in Business Administration from University of Houston-Victoria and is a Certified Business Advisor at the UHV-SBDC.



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