Louisiana Small Business Development Center’s director shares about impact on local economy

MONROE, La. (KNOE) – The Louisiana Small Enterprise Improvement Heart is a corporation that gives sources for these trying to get into the enterprise world.

Virendra Chhikara says beginning a small enterprise will not be simple, however the LSBDC works to assist companies overcome the challenges they might face.

“While you begin a enterprise otherwise you’re rising a enterprise, you’re in search of blind spots, so that you have no idea these areas the place you’ll fumble. While you’re operating a enterprise, you’re dealing with too many issues, the service the Louisiana Small Enterprise Improvement Heart supplies, lets you perceive or navigate by way of these challenges,” says Chhikara.

There are a number of success tales from companies who’ve used the LSBDC’s companies. Chhikara says when small companies are profitable, they’ve a constructive affect on the native financial system.

“The largest affect is great when there are jobs created, when a enterprise begins, when there’s extra capital infusion into the native financial system by way of growth,” says Chhikara.

Chhikara says these expansions embody a neighborhood Zaxby’s franchise.

With expertise advancing rapidly, Chhikara says it may be tough for small companies to adapt, however it’s not one thing that needs to be uncared for.

“One of many largest challenges on this group is adapting or adopting expertise. The world is altering at a quick tempo. In case you have seen, AI is being built-in into the workforce, into companies, and you can’t simply say, ‘Oh, I’ll change when the time comes.’ No, that is the time—it’s important to change now,” says Chhikara.

If you want to make use of the LSBDC in your small enterprise, Chhikara says you’ll be able to go to the group’s web site to make an appointment.

Copyright 2025 KNOE. All rights reserved.