“An established company which, in an age demanding innovation, is not able to innovate, is doomed to decline and extinction.” — Peter Drucker
Successful entrepreneurs understand they must be engaged in a consistent process of constant innovation and improvement. Many mature business begin to decline when leaders lose focus on customers, cash flow, and competitors. The key to overcoming decline often lies in asking for help at the right time.
Louisville’s business resource providers are experts in strategic planning, product and consumer research, financing opportunities, and more.
- Louisville SCORE offers free mentoring services by industry experts.
- The Small Business Development Center (SBDC) provides one-on-one consultations at no cost to existing and potential entrepreneurs in the Louisville region. The Louisville SBDC also meets the educational needs of the local small business community by offering a variety of low-cost training programs taught by industry experts and qualified SBDC Consultants.
- Louisville Metro's Department of Economic Development team supports businesses at all stages in the life cycle. Inquire about resources for your business.
- The University of Louisville Family Business Center is a community where business-owning families can exchange strategies and experiences and talk about challenges that are unique to family-owned businesses.
- Peer-to-Peer Networking - Small businesses are more likely to grow when they’ve built trusted relationships with their peers. In-person networking through business chambers, associations, industry groups, and social media networks can connect business owners with informal boards, leadership roundtables and referral networks.
- Regional Innovation for Startups and Entrepreneurs (RISE) offers resources for innovative entrepreneurs including tax savings.