Turning an Idea into a Business | ULM Forum 3-25-11

A small business starts as an idea.

That idea, depending on how it’s executed, can become a successful business. It can also become one of the one-half of businesses that fail in less than five years, according to the U.S. Small Business Administration.

That statistic can change, though, when entrepreneurs can get some help. The Louisiana Small Business Development Center at the University of Louisiana at Monroe works to give small business owners a fighting chance in today’s economy. Dr. Paul Dunn, director of the center at ULM, talks about how the center can help turn entrepreneurs with good ideas into successful business managers.