Shocking but true statistics: 20 percent of all small businesses survive the first year, 30 percent survive the second year, and half survive the first five years1. The U.S. Small Business Administration (SBA) provides programs and services to assist small businesses that are just getting started and help keep guide them in the right direction.
MOVID Studios, in Parkersburg, West Virginia is one company that successfully completed their first year of business and credits the SBA for helping them getting over the first-year hump.
Jon Defibaugh, a former commercial producer for the local television station with 11 years of experience, decided to open his own multimedia company in June 2011. Defibaugh struggled the first six months, as many new businesses do, but was able to sign several contracts to keep him busy through 2012. However, there was a problem; he had one camera, one computer and a car that was falling apart. Defibaugh was one misfortune away from being... Read More