Small businesses play a vital role in the economy, driving innovation, creating jobs, and contributing to local communities. However, owners can face challenges, including managing finances, developing effective business plans, and building the capacity to grow and succeed. This is where Technical Assistance (TA) programs come in, offering valuable support and resources to help small businesses overcome these challenges and achieve their goals.
One of the most needed TA programs is access to professional bookkeeping services. Too often, small business owners struggle to keep track of their finances, leading to potential errors, missed payments, and other financial mismanagement. Bookkeeping services can help business owners maintain accurate financial records, identify areas for cost savings, and ensure compliance with tax regulations.
In addition to bookkeeping, local TA providers can also assist with business plan development. A well-crafted business plan is essential for any small business seeking financing or looking to attract customers. In Michigan, OppFund works with organizations like BUILD Institute and The Small Business Development Centers (SBDC), statewide, to assist business owners in creating comprehensive business plans that outline their goals, strategies, and operations, providing a roadmap for success.
Capacity building is yet another crucial aspect of small business support, and Technical Assistance programs/providers can offer a range of training and development opportunities to help you quickly increase skills and gain expertise. This might include workshops on marketing and branding, training on digital tools and technologies, or coaching and mentoring to help business owners navigate challenges and opportunities.
Overall, getting connected to viable local TA programs should not be seen as a crutch, but rather an advantage. They can help your businesses thrive and succeed in a competitive marketplace. Whether your venture is new or established TA is a powerful asset and guidance tool to help you achieve your goals and realize your vision.
Need assistance identifying a partner to help level up your business?
Complete OppFund’s quick intake form and let our Customer Experience Ambassador connect you with the best technical assistance or capital provider in your area.