INTRODUCTION TO BUSINESS, Third Edition 
Gaspar/Bierman/Kolari/Hise/Smith/Arreola-Risa

Video Labs: Chapter #4-Small Business and Entrepreneurship

An Introduction to SBA

 

This video overviews different types of small business assistance provided by the U.S. Small Business Administration (SBA).  The SBA has offices in local communities and online assistance (counseling, training, and business opportunity specialists).  District, regional, and disaster field offices provide startup and development support for small businesses.  Resource partners can assist veterans, women, and those interested in government contracting.  Loan applications are supported by SBA through loan guarantees on bank loans.  Run Time: 2:20

America's Best: Radio One

 

Catherine Hughes heads the largest African-American-owned and operated media corporation in the United States.  In the early years the family struggled with finances.  Catherine got interested in radio in childhood.  A teenage mother, she was driven to succeed in business.  When a radio station went up for sale, she raised funds from an investor and used U.S. Small Business Administration (SBA) guarantee to lower interest rates on loans.  Important lessons are to stay positive, work hard to get through bad economic times, be flexible to adapt your strategy to succeed, and have foresight about your business in the near future. Run Time: 11:31

Startup with Heart-Hamdi Ulukaya (Chobani)

 

This video overviews the creation and success of Chobani, a Greek yogurt company.  Mr. Hamdi Ulukaya is the CEO and Founder of the company.  Immigrating to the U.S. from Turkey, the son of a farmer of cheese and yogurt, he bought an old plant with a Small Business Administration (SBA) loan.  His plant started with only five employees but has steadily expanded to over 2000 employees.  He strongly believes that the U.S. needs more manufacturing plants to provide good jobs for people and revitalize small towns in the U.S. Run Time: 23:27

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SBA Resources for Women

Women owned businesses are on the rise.  The Office of Women’s Business Ownership (OWBO) is part of the U.S. Small Business Administration (SBA) to support small businesses of women.  Business training, counseling, management access to capital, and marketing opportunities are offered. Run Time: 2:30

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Small Business Hit Hard: Cash-Strapped Owners Face Tough Choices Amid Pandemic

Congress is racing to get much needed cash to 30 million U.S. small businesses employing fewer than 500 workers.  The virus set off an economic crisis due to shelter in place orders that prevented businesses from opening for their customers.  Many small businesses are worried about their survival. Run Time: 6:05

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