B2B Stories

B2B Stories

Mondays with Rick: Running a small business comes with risks

  Dr. Rick Franza, Dean of the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about risk management practices. The interview has been edited for clarity and impact. ABD: Being in business, even just starting a business, always carries risks. That requires some way to manage them. So how does one assess and manage those risks? Rick: Risk management is important in business because you can never think of everything. So you identify the potential risks that can undermine

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B2B Stories

Harlem business owner to host CSRA small business expo

As a local business owner, Amber King knew other businesses were struggling with the effects of the pandemic, which is why, in 2021, she created an event to promote those businesses. King, owner of Mama’s Sweet Spot Shoppe & Concessions in Harlem, will host the third annual Spring Small Business Expo, which will be held on Saturday, March 4 from 11 a.m. to 4 p.m. at the Harlem Library located at 145 North Louisville St. The event will include more than 50 small business vendors, including The Fan Zone, Whimsical

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B2B Stories

Business CheckUp: Important steps business owners should take

As an entrepreneur, Alex Myers understands the value of preparation in running a business. Myers co-owns two local IHOP franchise locations: one on Peach Orchard Road in south Augusta, and the other on Washington Road in Evans. “You can never be too prepared for the inevitable things that happen in business,” he said. Yesterday, Myers was one of several CSRA business leaders who attended this month’s Augusta Metro Chamber of Commerce’s Third Thursday Business Builder event. The speaker was Ed Enoch, an attorney with the Enoch Tarver Law Firm in

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Chamber News

Kick-off tonight for entrepreneur program

There are 480 Black businesses in the Augusta metro area, accounting for 6% of employer businesses. According to the Brooking Institute, if Black businesses accounted for 38% of employer firms (equivalent to the Black population), there would be 4,544 more Black businesses. The Greater Augusta Black Chamber of Commerce (GABCC) is working to address the disparity through an Entrepreneurship Training Program. The program features courses covering administration, strategy and planning, and marketing during a four-week timeframe. The program was developed by GABCC President, Ronic West who worked with ADP for 15 years in

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B2B Stories

Simon Says: Struggling hospitality industry could rebound in 2023

The Leisure and Hospitality industry had a strong start to 2022 but was not able to sustain that momentum throughout the rest of the year. Data provided by STR shows that hotel occupancy rates in Richmond County were higher in the first four months of 2022 than the same four months in 2021, after seasonal adjustment. However, of the remaining months, only October saw higher occupancy rates in 2022 than in 2021. Hoteliers were able to capitalize on this increased demand by receiving a higher revenue per available room from

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