Youth Entrepreneurship

3 Tips for Newbie Entrepreneurs on Starting a Business - Liz Elam

Tue, 2013-05-14 15:09

"1. Write a business plan.
Some say you don’t need a business plan. I disagree. Instead, I highly recommend writing one.

When I hit some roadblocks writing my business plan, I turned to SCORE, a national organization of retired executives. Because of their experience, they were able to answer questions and help with projections. Three years later, I still utilize SCORE and reach out to them when I have issues."


Every year new successful products hit the market and we commonly see and know about those successful products.  While these successful few are the result of effort and focus, these products and many failed products all started with good ideas.  As a product innovator, you may believe that all that is required is that good idea but there is much more required for commercial success.

Commercial success is not defined as a good idea, but as the ability to make a profit on the idea.  Your early efforts to bring an idea to market must be focused on answering that key question of “can my idea make money?”  For an idea to make money, a sufficient number of customers must be willing to pay a high enough price (when compared to the cost of producing and selling that product).

Your customers are online. You need to be too.


By Carmina Perez

Con­sider this:

As of June 2010, there were 266.2 mil­lion Inter­net users in North Amer­ica. That’s 77% of the pop­u­la­tion. Source: Inter­net World Stats.

These two immigrant entrepreneurs got instant credibility by using American advisors. Find out how they did it.....and how you can too.


By Elaine Pofeldt

Chris and Natasha Ash­tonIMMPRENEUR STATISTICS

·         Country of Origin: U.K.

·         Emigrated to U.S.: 2003

·         Launched Petplan USA: 2003

A trademark protects you, your business, and your livelihood.

By Tudor Capu­san, Esq.

New Brand logo

Separated by a common language and business cultures.

Immpreneur Mark Wilkins explains the differences between doing business in the U.S. and his native U.K.

By Anne Field

Don't get trapped in an obsolete business plan. Business and market conditions evolve. To succeed, so must you.

Gary Levitt

The right franchise can pave the way to the entrepreneurial lifestyle, without some of the hassles. Read this guide to find out what's the best fit for you.

By Eileen Zimmerman

There’s more than one way start a busi­ness. Many immi­grants find their path to entre­pre­neur­ship through a fran­chise, rather than start­ing from scratch. The word con­jures images of MacDonald’s and Jiffy Lube, but there are a wide vari­ety of fran­chised busi­nesses in the U.S. in a host of industries.

Whether you are a newly minted entrepreneur or you’re a business that has been around for a dozen years, a critical element for small business success means knowing your numbers. Sponsored by Visa, This e-guide is designed to help you better understand what figures and accounting principles are important for your business. It also looks at different accounting software programs for your company and when is the right time to hire someone to keep your business growing.

Five Important Benefits

With improved knowledge of your company’s financial situation come numerous benefits for you as the owner. Here are five important benefits that come from being financially savvy about your business.

       I have a business that sells equestrian supplies both retail and online. I’d like to begin using social media as a marketing tool, but I’m clueless as to how to begin. How do I go about developing a social media strategy?



About the Author

       This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.
       Have a question you’d like answered in this column? E-mail it to, with “Ask SCORE” in the subject line.

Syndicate content