Mr. Trevone Otto has worked in the family music business for more than two decades. Motivated by a vision to establish a distinct brand rooted in his individual creativity, Mr. Otto has made the strategic decision to venture independently from the family enterprise. His entrepreneurial endeavor and his commitment to crafting a unique identity, set him on the path to start his own music production business.
"The VI SBDC's services and encouragement have been essential to keeping my business dream alive especially after the COVID pandemic."
Mr. Otto sought out the professional services of the VI SBDC to help him navigate through the business establishment process. Recognizing the importance of legal formalities, he was strongly advised to diligently address all legal business considerations. His advisor also emphasized the significance of thorough market research and leveraging existing contacts, as well as highlighting his interpersonal skills, which helped guide him towards a comprehensive approach.
While working with Mr. Otto, his advisor directed his focus towards key strategic priorities, which encompassed the development of a robust business plan, a comprehensive marketing strategy, and the establishment of a strong online presence. His advisor ensured that his business endeavors were underpinned by a solid foundation and well-defined objectives for success.
In the process of establishing Uniquely Selected Teacher Learning Materials, Ms. Kimberly Thomas, as a sole proprietor, encountered some challenges in navigating the paperwork associated with business licensing. The complex process left her seeking clarity on the application's nuances. Despite earnest attempts and consultations with various individuals within the licensing department, she found herself confused by conflicting information.
"Working with my SBDC Business Advisor kept me from giving up on getting my business license and pursuing my dream of owning a business. I was frustrated with the slowness of the business licensing process, but my SBDC Advisor kept me motivated and on track."
The SBDC counselor directly engaged with the licensing department, deciphering the specific requirements crucial for completing the application process. With a keen understanding that the business operated as a home-based venture, the counselor clarified the pertinent details, alleviating the client's confusion.
Victor Fire Protection, LLC, owned by Gary Victor, is a fire safety company that serves residential, commercial, and industrial customers in the U.S. Virgin Islands. The company began operating amid the COVID-19 pandemic and offers installation, testing, and repair of fire protection equipment.
The company sought the assistance of VI SBDC through a contracting opportunity. The company was offered a contract to replace the fire sprinklers for the Air National Guard facilities on the island of St. Croix. However, the owner needed upfront capital to purchase the equipment and materials needed to satisfy the contract.
"Thanks to the VI SBDC and my business advisor, Mr. Edwards, my business was able to complete this project and we look forward to working with the SBDC on future procurement projects."
Mr. Victor engaged in a consultation with a VI SBDC business advisor, seeking professional guidance for the development of a comprehensive business plan. The primary objective was to secure a line of credit, earmarked as essential seed capital. This funding was necessary to secure needed equipment and materials crucial for the successful execution and completion of his contractual obligation. The collaborative effort with the business advisor at the SBDC underscored the strategic importance of a well-structured business plan in supporting the client's financial requirements.
Victor Fire Protection, LLC was able to secure the line of credit needed and successfully completed the fire sprinkler system installation for the St. Croix Air National Guard.