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MPBN Starting a Business in Maine
Do You Have What it Takes?
 Will Your Idea Work?
Marketing Your Business
Financing Your Business
Do You Need a Business Team?
Surviving and Growing Your Business
Starting a Business in maine Links & Resources

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For More Information  About Starting a Business in Maine Check Out the Links & Resources Section  At no cost to potential and existing business owners and  managers, the Maine SBDC provides one-on-one counseling - business management assistance to Maine's small business community.  SUBMIT A REQUEST FOR COUNSELING

Financing Your Business

Matt Hoffner, President and CEO of Portland-based JobsintheUS.com. Hoffner worked for 11 years as a chemical engineer for Exxon before the desire to exert more influence in the direction of a business led him to become an entrepreneur.The fourth installment of Starting a Business in Maine deals with the all-important aspect of financing a start-up business and some of the many ways to approach it. The show will touch on what potential lenders look for and discuss the possible pitfalls of raising capital from friends and family, or worse, using credit cards.

The subject of this episode's entrepreneurial profile is Matt Hoffner, the President and CEO of JobsintheUS.com, which is the parent company of the more familiar (to Mainers, at least) online employment site, JobsinME.com. Mr. Hoffner was a chemical engineer for 11 years with Exxon before his frustration with the internal bureaucracy of such large corporations led to his involvement in start-up ventures, some of which, such as Wright Express, are thriving companies that have moved beyond what are commonly thought of as small businesses. His task is to take a small company with limited capital and find a way to compete against the giants in his industry such as Monster.com.

Experts on hand to talk with host Lou McNally and answer viewers' questions will identify the critical components of a new venture's financial plan, list the various sources of capital available to new businesses, drive home the importance of forecasting and tracking cash flow, and discuss how lenders and investors evaluate loan proposals.

For More Information 
About Starting a Business in Maine
Check Out the Links & Resources Section

At no cost to potential and existing business owners and 
managers, the Maine SBDC provides one-on-one counseling - business management assistance to Maine's small business community.  SUBMIT A REQUEST FOR COUNSELING

For More Information 
About Starting a Business in Maine Check Out the Links & Resources Section At no cost to potential and existing business owners and managers, the Maine SBDC provides one-on-one counseling - business management assistance to Maine's small business community.  SUBMIT A REQUEST FOR COUNSELING

The Maine Public Broadcasting Network recognizes its program collaborators, the Maine Community College System, the Small Business Administration and the Maine Small Business Development Centers.

Rural Development, part of the USDA
Starting a Business in Maine is made possible by a television demonstration grant from Rural Development, part of the USDA.

 

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