Hilton Head Business

BLUFFTON SELF HELP AND THE LITERACY CENTER MERGE

“Samantha” was a single mom of three children, working two jobs, struggling to make ends meet. She would visit Bluffton Self Help to utilize the food pantry to provide fresh, healthy food options for her family. 

But when her car broke down and she needed help seeking rental assistance, she ended up talking with Bluffton Self Help’s Education and Resource Center manager, Barbara Bowers. Her life changed with financial planning and one impactful conversation that went some-thing like this:

COLUMBIA-BASED MANUFACTURER PRODUCES TOP-SELLING BOATS

Their success is counterintuitive to the rest of their boating industry competitors. Just about every manufacturer is angling to make bigger boats to serve the ever-growing saltwater boat market.

Vic Roof Sr. had already had a Hall of Fame-level marine career, having created the Sunbird Boat Company. The brand was one of the best-selling boats in the 1980s and the company was sold to Outboard Marine Corporation. 

BOEING SPREADS ITS WINGS ACROSS THE LOWCOUNTRY

The Lowcountry, known for historic communities, thick marshlands, diverse wildlife and oceanfront playlands, is also the home of a major global aircraft manufacturer. 

Boeing South Carolina in North Charleston, combined with a sister plant in Everett, Washington, has produced more than 1,000 Boeing 787s, which are designed for long-haul and international flights. The company touts its production as “From Freezer to Flight” because the carbon fiber used in the planes arrives in a freezer. 

HERE’S A QUICK GUIDE TO MAINTAINING A STRONG PROFILE

Your credit score is a measure of your past ability to make payments on time and manage your credit. It helps lenders determine how risky a borrower is. Credit scores range from 300 to 850. About 46% of Americans have scores of 740 or higher. 

800 to 849: Fico scores in this range are considered exceptional and will give you the best loan offers at the lowest cost.  

TIPS FOR REDUCING FINANCIAL RISK AS A STARTUP FOUNDER

Starting a business is inherently risky, but if there’s one thing you don’t want to take a chance on as a new entrepreneur, it’s your funding. According to the U.S. Bureau of Labor Statistics, 20% of new businesses fail within the first two years of being open, 45% within the first five years, and 65% within the first 10 years – usually due to financial reasons. Sometimes you must spend money to make money but developing smart financial strategies can help you mitigate or eliminate high-risk areas. 

BMW CONTINUES TO MAKE BIG INVESTMENT IN SOUTH CAROLINA

It’s the dream-car purchase for so many. The Ultimate Driving Machine signifies the highest level of sophisticated engineering for autophiles. An achievement once thought to be purely German is manufactured just 235 miles up I-26.

BMW made a huge bet on South Carolina in 1992, buying 900 acres of peach orchards in Greer and Spartanburg. 

9ROOFTOPS BLOSSOMS INTO A LEADING MARKETING AND ADVERTISING AGENCY

Creativity, it is said, is your intelligence having fun.

In Bluffton, creativity has a surprising hangout at the intersection of a cul-de-sac, a gravel patch and a couple of buildings with frumpy exteriors.

INDUSTRY LEADER GREG PARKER MOTIVATED TO CONTINUE TO MAKE AN IMPACT

With 28 stores in South Carolina, including 13 in Beaufort County and 69 stores overall throughout Georgia and South Carolina, Greg Parker has seen his convenience store company grow exponentially. 

Growth and expansion have always driven Parker since he opened the first Parker’s in Midway, Ga., in 1976. The company has grown by 20 to 24 percent a year for 22 straight years — and the limits will continue to be pushed. 

MAXIMIZE YOUR SALE PRICE AND POST-SALE WEALTH

"If you fail to plan, you are planning to fail.” 

This is a quote by one of our founding fathers, Benjamin Franklin, and it is still relevant today. It is our experience that most entrepreneurs do not have a formal plan to ensure they maximize the value of their business. We also find of the business owners who have put plans in place, many do not consider how to maximize their post-sale personal wealth.