Dustin Castrinos, owner of the Henry Smith House in Picayune, Mississippi, dreamed of creating a space where love, joy, and celebration could intertwine. His passion was transforming this venue into a cherished destination for weddings and events. However, realizing this dream was not without its challenges. Dustin faced the complexities of entrepreneurship, including the need for a comprehensive business plan, market research, and financial analysis. Additionally, the onset of COVID-19 posed significant hurdles, particularly in securing funding and adapting to the evolving business landscape.
"My business counselor has helped me put together a path to move forward into the successful business that I have now."
At the Mississippi SBDC, we supported Dustin Castrinos in realizing his vision for the Henry Smith House. We helped Dustin craft a detailed business plan, including a customized market research report with local market insights that projected feasibility and growth. Our financial expertise guided him through financial management complexities and helped secure a crucial loan during the challenging COVID-19 period, ensuring the venue's sustainability and growth
Dr. Clark of Northtown Pharmacy embarked on a mission to dispense prescriptions and cultivate meaningful relationships within his community. His challenge was to create a pharmacy that seamlessly combined top-notch healthcare with a deep sense of community connection. This vision required a strategic approach to location selection, business planning, and community engagement, essential for the pharmacy's success and sustainability in a competitive healthcare market.
"I would definitely recommend working with the Mississippi SBDC. The resources are free, and they're very accessible."
At the Mississippi SBDC, we recognized the unique vision of Dr. Clark for Northtown Pharmacy and provided tailored support. Our business counselors assisted in conducting a thorough location analysis to ensure optimal visibility and accessibility. We collaborated closely with Dr. Clark to develop a robust business plan, laying a solid foundation for the pharmacy's operations and growth. Finally, we assisted Dr. Clark with training that helped him understand how to execute his business plan.
Nelson Haskin Jr. and his wife Felicia embarked on a culinary adventure in the Pine Belt. They aimed to establish venues where community, culture, and cuisine could converge. Their journey involved managing multiple establishments, each with a unique theme, from the New Orleans flair of Blu Jazz Cafe to the artisanal offerings of SouthBound Bagel. Challenges included navigating commercial real estate purchases, developing distinct yet cohesive business plans for each venue, and mastering financial projections to ensure sustainability and growth across their diverse culinary ventures
"No matter where you are, the Mississippi SBDC can provide a service to you."
At the Mississippi Small Business Development Center, we provided comprehensive support to the Haskins in their endeavor to establish Front Street Eats as a culinary cornerstone in Hattiesburg. Our business counselors assisted in conducting detailed location analyses and developing robust business plans tailored to each unique restaurant concept. We also provided vital support in financial analysis, helping the Haskins understand and manage the financial intricacies of their multi-restaurant enterprise. Furthermore, our guidance in commercial real estate ventures was instrumental in enabling them to secure ownership of their restaurant locations, a crucial step in establishing a lasting business foundation
The partnership between the Haskins and the Mississippi SBDC yielded a vibrant and successful array of dining establishments in downtown Hattiesburg. Each restaurant, from Bourbon on Front to Hattiesburgers and Blues, has become a beloved part of the community, offering distinct culinary experiences. The financial strategies and business planning we facilitated helped ensure the sustainability and growth of these ventures, contributing to the rich cultural tapestry of Hattiesburg. The Haskins' story is a testament to the effectiveness of our support at the Mississippi SBDC in empowering entrepreneurs to turn their passions into thriving businesses that leave a lasting impact on their communities.