Join us in this enlightening episode as we sit down with Virendra Chhikara, the Center Director at the LSBDC at the University of Louisiana Monroe. With expertise in strategic planning, financial planning, and market research, Virendra shares his insights on the importance of understanding the market and comprehensive market research. Discover how LSBDC supports both new and existing small businesses across Louisiana, offering no-cost consulting services, training programs, and innovative strategies to help entrepreneurs thrive. Tune in to gain valuable financial and marketing strategies, explore new markets, and learn from Virendra’s journey and expertise.

0:00 Intro

00:00:05 Small Business Development Center 00:07:48 What Can We Do to Help You Start or Grow a Small Business 00:11:31 Small Business Development Center Interview 00:15:01 A Simple Idea Turns Into a Success Story 00:20:36 How Many Hours Do You Invest in a Client's Business? 00:24:58 The Process of Bringing a Product to Market 00:29:43 How to start a business with a marketing plan? 00:39:09 SBA Small Business Lending 00:46:19 How to Get the Intermediary Financing 00:51:52 How to grow a small business? 00:58:01 Do you have a Lean Manufacturing Program? 01:02:05 Do you guys do anything proactive for the northeast Louisiana business community? 01:06:18 What advice would you give to small business owners? 01:13:07 Cash Flow