Minority Entrepreneurs

Ask SCORE

            I recently purchased a children’s daycare center. The previous owner did not treat the staff well, and my top priority is to correct that situation. How do you suggest I accomplish that?

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 merrimackvalley.score.org 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.

Nearly everyone who has ever started a business has underestimated the costs, and then faced the danger of running with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous approach to your research and planning.

This startup expenses worksheet will lead you through the process.
 

EXPENSES

The holiday season is upon us and with it the frenzy and joy of holiday profits.

According to eMarketer, U.S. retail ecommerce sales will grow more than 15 percent this year to $61.8 billion, up from $53.7 billion in the 2012 holiday season and $46.6 billion in the 2011 holiday season. Are you ready to take your share? Or more important, is your website ready?

The holiday season is upon us and with it the frenzy and joy of holiday profits. According to eMarketer, U.S. retail ecommerce sales will grow more than 15 percent this year to $61.8 billion, up from $53.7 billion in the 2012 holiday season and $46.6 billion in the 2011 holiday season. Are you ready to take your share? Or more important, is your website ready? Here are four things to check are in order:

About the Author

Rieva Lesonsky, Co-Founder GrowBiz Media and SmallBizDaily.comRieva Lesonsky is CEO of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. Follow Rieva at twitter.com/rieva and visit her blog at SmallBizDaily.com.

Visit her website SmallBizTrendCast to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.

       I’ve been approached by a lead generation service. Do they really work, and if not, what other means of generating leads can you suggest?

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 merrimackvalley.score.org 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 info@score-manchester.org, with “Ask SCORE” in the subject line.

Today’s business world is highly competitive and changing all the time. And for business owners, that means new ideas for adapting to change and beating the competition are essential to success. 

Today’s business world is highly competitive and changing all the time. And for business owners, that means new ideas for adapting to change and beating the competition are essential to success.
 

About the Author

Daniel Kehrer headshotDaniel Kehrer, Founder & Managing Director of BizBest Media Corp., is a nationally-known, award-winning expert on small and local business, start-ups, content marketing, entrepreneurship and social media, with an MBA from UCLA/Anderson. Read more of Daniel's tips at www.BizBest.com, follow him at www.twitter.com/140Main and connect on LinkedIn at www.linkedin.com/in/danielkehrer.
BizBest

Get Started with Importing or Exporting

The world market is no longer just for big business. The smallest mom and pop store can now reach customers internationally as easy as those down the street. Trade has become an essential part of small business.

Deep Sengupta has advised the President on international business. He has shaped the current export reforms for businesses in the United States. Deep learned his trade from the University of Washington and Harvard University. He will answer the burning questions that small businesses have about expanding their business overseas and taking advantage of the booming international market.

Q:

What role do US-based small businesses play in today’s global marketplace?

US-based small businesses play a huge role in the global marketplace. 

About the Author

Deep Sengupta - TCAS Principal at FedEx Trade Networks Trade Services Inc.

Chiradeep (commonly referred to as Deep) is a TCAS Principal at FedEx Trade Networks Trade Services Inc.  Deep is responsible for relationships with international governments, international trade promotion agencies and trade associations. Deep obtained his basic legal training (LL.B) in India and then obtained a Masters in Law-Taxation (LL.M) from the University of Washington - School of Law (2001) in Seattle, WA where he won the Graduate Tax program Merit Scholarship.  Deep has also received executive education on International Trade from Harvard University’s Kennedy School. In February 2011, Deep was appointed by the U.S Secretary of Commerce to the President’s Export Council Subcommittee on Export administration (PECSEA) to advise the Obama administration on its export control reform efforts.

 

Steve Strauss looks at the trend that is dominating the world, Entrepreneurship.

Faithful readers of this column (thank you very much!) know that every year I post a two-part Top Trends in Small Business piece. It is always interesting to see what is coming down the pike, and it is equally interesting to notice how much, and how little, the list changes every year.

Cupcake Maker Opens Two Shops with Help of Mentor - Hanah Cho

Date
Thu, 2013-10-10 15:44

It can be challenging enough to open one retail shop, let alone two within six months.

But that’s what Antoinette Lafayette did with her business, Pink Frosting Cupcakes in Coppell and Irving. Lafayette felt confident enough to take a risk on a second location so quickly because she was prepared for the opportunity.

“Because I planned so well for it, I had a great chance of succeeding,” she said of starting her new business. “I refused to open the door until I went over everything.”

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