Business Plans

Webinar Learning Center

Date
Sat, 2013-03-23 17:37

The seven Minnesota Chapters of SCORE have jointly developed a series of online on demand recorded webinars.   These topics cover issues beyond what we can provide in a Face-to-Face workshop setting due to their use of technology and newest of the issues to new entrepreneurs.  Click HERE to view the topics currently available.

Related Topics

Digital Cut Productions Gets a Makeover with Help from Broward SCORE

Date
Sat, 2013-02-02 18:35

 

Broward SCORE counselors recently completed a Business Makeover of Digital Cut Productions of Fort Lauderdale in conjunction with the Miami Herald.  Digital Cut Productions contacted The Herald “Business Monday” editors and requested assistance with revamping their business strategy.  Herald editors reached out to Broward SCORE for counseling assistance on the project, and our Turnaround Team was assigned to the client. 

Related Topics

This paper will outline ways to stay ahead on your business accounting and financial paperwork. These simple weekly steps will save you major at tax preparation time as well as providing useful ongoing operational financial information to guide your business decisions.

About the Author

30+ years of retail experience with two Big Box corporations, managing numerous multi million retail outlets within New Hampshire. Experience included meeting or exceeding operational goals, profit, expense control, and customer experience.

Little Island

I have loved cooking and baking since I was a little girl in Jamaica. I once tried to bake my sister a birthday cake using a wood-burning stove. That cake wasn't a success but my latest venture into preparing food for others shows every sign of becoming a big success. Last May I opened “Little Island”, an authentic Jamaican Restaurant, in Hillsborough, New Jersey.

I got the idea to open my restaurant in the summer of 2011. I was taking the science courses I needed to get a degree in nursing, but really wasn't enjoying my studies. When I thought about what I really wanted to do, I kept coming back to my love for the Jamaican food I grew up enjoying.

The next step I took was to start my research — were there any direct competitors in Hillsborough?  How far would I be from nearest Jamaican restaurants?  What did they serve on their menus?  What was their pricing?  And, of course, what would it take to open my own restaurant?  Could I find a good location?  What licenses would I need?  What equipment?  Who were good, reliable vendors?  And most important, what would it cost?

All of this information is necessary, but can be overwhelming.  My son, Michael, suggested that I go to SCORE to seek advice.  I started working with SCORE mentors in August 2011.  My first focus was on forming an LLC and reserving my desired name both as a business and for my website.  I then moved on to developing a business plan that would allow me to determine what I would need to invest to open a new business and support that business through the critical first 12 to 18 months of operation. Fortunately, I didn't allow myself to be rushed into decisions.

My Location
378 South Branch Road
Hillsborough NJ 08844
United States
Year Company Formed
2012
What's Great About My Mentor?

L to R: Gene Strupinski, Hillsborough Township, NJ Business Advocate, June Lee, Ownerand Nancy Bukovina, SCORE Central Jersey Mentor

 

How SCORE Helped

SCORE Counselors worked with me from early in the planning effort for this business.  I first came to SCORE looking for guidance in forming a business entity and establishing a plan for my business. After the initial meeting, SCORE counselors assisted me in developing my business plan, defining strategies for negotiating my lease and determining an initial marketing strategy. I researched the pricing and quality of directly competitive restaurants within a viable commuting distance of my chosen location. SCORE then assisted me in developing a pricing strategy for my own menu that would be both competitive and profitable.

Syndicate content