Development Centers

Extension business and economic development assistance helps Utah communities and businesses to make choices and decisions among growth, employment and development alternatives. One of the resources provided business owners and potential entrepreneurs and supported by USU Extension is access to one of the Small Business Development Centers (SBDC) located strategically throughout the state. The SBDC provide clients with assistance as well as low cost workshops and conferences, the SBDC provides free one-on-one customized business consultation and assistance to help the business owner or entrepreneur manage critical business matters more effectively. This type of assistance may include:

 

 

  • NEEDS ASSESSMENT – Business assessment of strengths, weaknesses and opportunities
  • BUSINESS PLANNING – Strategic development of company’s goals, objectives and an action plan to achieve them
  • MARKET RESEARCH AND STRATEGY – Identification and evaluation of markets and strategies for products and services offered; of the competition, and the development of an effective marketing strategy
  • FINANCIAL STATEMENTS – Evaluation of the enterprise’s past and present financial health and position, and the enhancement of critical skills in accounting, control and record keeping practices
  • CASH FLOW ANALYSIS AND FINANCIAL PROJECTIONS – Determination of your cash flow position and operating projections
  • DEBT AND EQUITY FUNDING DEVELOPMENT – Evaluation of financing requirements, opportunities and future funding needs
  • VALUATION METHODS – Development of skills, tools and understanding required to determine value when buying or selling a business
  • STRATEGIC PLANNING – Continuation of business planning process and decision making to determine the company’s future goals and paths
  • MANAGEMENT ISSUES – Examination of the enterprise’s structure, organization, policies and procedures to enhance opportunitie for growth and development