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Smart Starts: Building a Business with Paul Featheringill

A conversation about navigating the small business landscape, using the right resources, and building a strong foundation for long-term success.

Episode Summary

In this episode, we sit down with Paul Featheringill from the South Carolina Small Business Development Center (SBDC) to unpack what it takes to start, stabilize, and grow a business. Paul explains how the SBDC supports entrepreneurs through business planning, financial guidance, and navigating complex decisions like scaling or exiting.

The conversation also highlights the current small business landscape, the importance of clear strategy, and why having the right partner in your corner can make all the difference. Whether you're launching a new idea or strengthening an existing one, this episode offers practical insight and encouragement for every stage of the journey.

Key Takeaways

  • The SBDC offers no-cost, confidential business consulting services.

  • Understanding your business finances is crucial for success.

  • Every business owner should know their ideal customer profile.

  • It's important to take time to work on your business, not just in it.

  • Access to capital is a growing challenge for small businesses.

  • Customer experience remains vital even in an e-commerce world.

  • Businesses need to adapt to technological changes to stay competitive.

  • Exit strategies should be considered early in the business lifecycle.

  • Networking with local resources can provide valuable support.

  • Planning and prioritizing are key to navigating business challenges.

Show Notes

Guest: Paul Featheringill, South Carolina SBDC

Topics: Small business strategy, financial planning, entrepreneurship, growth, leadership

Resource: South Carolina Small Business Development Center

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