Dennis Wengert

last updated 12/25/2017

Dennis D. Wengert

Business Opportunity Specialist at The SBA

Location:
120 West Gorham Street, Madison, Wisconsin, United States
Company:
The SBA
HQ Phone:
(608) 255-7100

General Information

Experience

Deputy Director for the Administration - U.S. Small Business Administration

U.S. Air Force

Education

B.A. - Public Policy , Brigham Young University

Masters - Health Care Administration , Brigham Young University

Affiliations

Advisor - SSP BioAnalytics Inc

Recent News  

http://www.hispanicbic.org/index.php?id=16303&lang=en

Source: Dennis Wengert, Deputy District Director, Nevada SBA

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http://vernal.com/stories/Experts-on-the-secrets-of-successful-entrepreneurs,2148433

In his position at the Utah division of the federal government's Small Business Administration, Dennis Wengert has seen first-hand the conflicting traits that entrepreneurs are made of.
Wengert, a business development specialist for the SBA, has heard untold numbers of entrepreneurial success stories. On the other hand, he's also seen some spectacular failures. "I know a lot of people who spent a lot of money just prior to the recession getting a business started and they were out of business within 18 months," Wengert said. In the past few years, Wengert said entrepreneurs have struggled because a slow economy means banks across the country have tightened restrictions for start-up loans. Many business owners have increasingly dipped into their home equity or retirement plans to pay for their entrepreneurial ventures, essentially betting the farm on something that may or may not work out. "The good news for Utah is it seems to have been spared a lot of the economic downturn, and I would say the situation in general seems to be stabilizing," Wengert said. "In the midst of challenges, there's always opportunity. In times when the majority of people see lemons, it's always going to be the entrepreneurs who see lemonade." Aid from the Internet Although starting a business always involves some kind of risk, opportunities for success skyrocket when entrepreneurs utilize all the resources at their fingertips. One of those resources crucial to take advantage of is the internet, Wengert said. "Depending on the product or service you have to offer, if you utilize the internet, the whole world is your market," he said. "The world we live in is changing, and to be successful, entrepreneurs need to change along with it." The internet is also particularly useful when it comes to the marketing and promotion that are so vital in new business start-ups, but Wengert said he sees people all the time who aren't taking advantage of the social-based marketing that is available at no cost. "If you post something about your business on a Facebook page and share it with some friends and they share it with their friends and that happens three times over, you've probably done more good for your business than investing in thousands of dollars of advertisements," he said.

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Nevada's Center for Entrepreneurship and Technology – Nevada's Business Starts Here » Meet Our Board of Directors and Executive Committee Members

Dennis Wengert *
Dennis D. Wengert, has served as the Deputy District Director for the U.S. Small Business Administration (SBA) Nevada district office located in Las Vegas, NV since March 2006. As Deputy District Director, Dennis assists the Director in administering all SBA programs and services including lender relations, government contracting, marketing, outreach, promotion, counseling, training and small business advocacy. Read more.

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