Youth Entrepreneurship

A proactive approach to managing potential disasters may help mitigate the effects on your business, and lessen the time and resources necessary to resume normal operations.

 

SCORE is committed to helping small business owners with disaster preparedness and relief. Below is a comprehensive list of helpful resources.

Small businesses on the Internet are racing up beside large multi-national corporations on the information superhighway and giving them quite a scare. On the Internet a small business like can compete with, and even surpass, large national firms.

E-Commerce Lowers Business Costs
A global business on the Internet does not require bricks and mortar or staff around the world, just a Web site and perhaps one central warehouse. .

E-Commerce Is Accessible Anywhere, Anytime
The audience on the Internet is global.

E-Commerce Strengthens Customer Service
A Web site allows a business to address its customers on a personal level.

E-Commerce Develops Customer Loyalty

A list of suggested service providers for SCORE Clients

Data sources of marketing and demographic data for client use, primarily for Business Plans

How to really start your business
Bankruptcy: An overview

MicroSpring Bacteria Business is Booming

For most of us, the word bacteria conjures images of infections and other unpleasantries. Yet one Lancaster County entrepreneur is putting specialized bacteria to work for his clients.

Owner/Founder
George Pearson
My Successes
For most of us, the word bacteria conjures images of infections and other unpleasantries. Yet one Lancaster County entrepreneur is putting specialized bacteria to work for his clients.
 
George Pearson, owner of MicroSpring International LLC, sells microbial cleaning products to several industries, including pest control and food service. The cleaners are rich in earth-friendly bacteria that digest fat, oil, and grease. This green technology eliminates the need for chemical cleaners and produces only water and carbon dioxide as by-products 
Beginning in 2009, George began to form the foundation for his start-up. In fact, it took about a year of planning and legwork to set up the enterprise. It was during this process that George realized he needed additional resources to help build his vision.
 
That’s when he contacted the non-profit business mentors at SCORE Lancaster, where he was paired with counselor Jerry Glenn. The entrepreneur credits Jerry, along with several SCORE co-counselors, with setting him up for success. George says that one of the first things his mentor did was establish a weekly task list. With clearly defined objectives, this former medal-winning member of the Quantico shooting team directed his focus onto building the company. He says, “The list made it so much easier and took so much stress off of starting the business. Once I had the tasks finished, Jerry and I would meet and he’d give me more tasks. Before I knew it everything was set up.”
 
Despite his efforts, George encountered challenges that required him to adjust the original plan. Initially, for example, he’d envisioned owning his own lab where he could manufacture the products. He says, however, that Jerry asked him to consider outsourcing production to a laboratory with the resources to manufacture the formula. After exploring the possibility, George contracted with a lab, allowing MicroSpring to maintain control of production as well as cost. He says, “Jerry helped coach me as far as working out the agreements and building the relationships. He also helped me build my negotiation skills. I wouldn’t be here today if it wasn’t for him because they don’t teach negotiating in college.”
 
As the company continues to grow, George is now directing his focus on the next phase of MicroSpring’s business plan, which includes expanding sales into a broader range of industries. He will also continue to put his resources to work by maintaining relationships with Jerry and the rest of the SCORE Lancaster team. George says, “Many small businesses don’t do well and end up collapsing. SCORE is there to help ensure success for business start-ups.
What's Great About My Mentor?

 “Jerry helped coach me as far as working out the agreements and building the relationships. He also helped me build my negotiation skills. I wouldn’t be here today if it wasn’t for him because they don’t teach negotiating in college.”

This thirty-two page primer on Cash Flow will help you understand and manage Cash Flow by explaining the working capital cash conversion cycle -- the cash flow cycle

Entrepreneur’s Guide: Starting and Growing a Business in Pennsylvania is a 108 page booklet filled with current information about free services, check lists, helpful tips and licensing procedures. Because the information in this guide is not intended to be the final statement on any subject, you will also find addresses, web sites and telephone numbers for contacting business-related agencies.

Cash Flow and Pro Forma spreadsheets with all formulas already in the template

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