Women Entrepreneurs

Here’s One Business Where Dessert Always Comes First

Date
Fri, 2013-09-27 12:30

Entrepreneur Taren Kinebrew has found her ‘sweet spot’ with small, exquisitely decorated and delicious desserts. The owner of Sweet Petit Desserts and winner of a 2012 Bad Girl Ventures $25,000 business loan, Kinebrew is using the money to move from a home-based business in North Avondale to an Over-The-Rhine storefront at 1426 Race St. in October.

The four-year-old company is SCORE’s September Client of the Month.

SCORE ExpertAnswers

No matter the small business, each entrepreneur faces one similar issue: Pricing. Are you out pricing your customers? Are you under pricing yourself? Is the difference between a year in the red or the black as simple as your price tag? This month SCORE helps you find the answers to these questions.

Few people are better qualified to discuss this issue than Ann Logue, who spent 12 years as a financial market analyst before turning her talents to writing. She also shares her expertise as a lecturer in finance at the University of Illinois at Chicago, teaching both undergraduate and MBA students about corporation finance and international financial markets. Ann will go over the finer points of pricing to help you maximize your pricing for profitability. 

Q:

Pricing is something that all small businesses wrestle with, particularly those just getting started. What are the fundamentals for determining the ideal price for a product or service?

About the Author

Ann Logue - Author and Business Analyst

Ann Logue is a freelance writer and consulting analyst who is fascinated by business and technology. She has a particular interest in regulatory issues and corporate governance. She is the author of Emerging Markets for Dummies, Socially Responsible Investing for Dummies, Day Trading for Dummies, and Hedge Funds for Dummies, and has written for Barron’s, InvestHedge, Newsweek Japan, and BusinessWeek Chicago, among other publications. As an editor and ghostwriter, she worked on a book published by the International Monetary Fund and another by a Wall Street currency strategist. She is a lecturer in finance at the University of Illinois at Chicago. Her current career follows 12 years of experience as an investment analyst. She holds a B.A. from Northwestern University, an M.B.A. from the University of Chicago, and the Chartered Financial Analyst designation.

 

SCORE Helped Save Her From 'Business Hell' - Marjorie Young

Date
Wed, 2013-09-18 11:36

"In 1989 when I was living in Nuremberg, West Germany, with my husband and my 2-year-old daughter, I got a phone call from my father from Old Town Alexandria. It took a few seconds and a lot of static before I could hear his voice clearly.

He was distressed about the family-owned business and was wondering if I could fly home to help. It so happened my husband was deploying for the first Gulf War and would be away for over a year, so I decided to pack up and fly back with my daughter and two cats to see what I could do.

Squaw Valley Business Owners Receive Sargent Shriver Award

Date
Tue, 2013-09-17 15:32

Al and Christy Kroell are a story of bravery and commitment to community and the American dream.

The Squaw Valley couple suffered serious injuries in separate accidents that required years of rehabilitation. But they found the courage and ambition to start a business and succeed.

They jump-started a business called ChristyAl Plaques & Engraving with the help of the local Small Business Administration SCORE chapter.

 

Minority Women Entrepreneurs Are Leading The Way For Small Business Growth - Lisa Wirthman

Date
Thu, 2013-08-29 10:41

The surging growth of minority women-owned businesses in the last 15 years tells a mixed story about the American workforce.

Minority women-owned firms grew 156 percent from 1997 to 2013 and now account for one in three women-owned firms in the U.S., according to a 2013 report by American Express on the State of Women-Owned Businesses. In contrast, non-minority women-owned firms grew 32 percent during the same period.

Ask SCORE
 
       I’ve never been the most organized person, but it’s reached the point where the clutter in 
my office is starting to hinder my productivity. How can I get a handle on the paper monster 
that’s threatening to consume me?
 
 

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.

How to Find a Mentor - Sarah J. Robbins

Date
Fri, 2013-08-23 11:00

When some young women fail to find a mentor, they blame themselves, says Nancy Strojny, a consultant based in Portland, Maine, and the chair of her local chapter of SCORE, a national nonprofit that supports small-business owners and provides free mentoring services: “Too many think, If I were working harder or if I were good enough, I would attract one.

Culinary Kids

Juggling a full-time career as an emergency helicopter pilot and raising 4 boys between the ages of 1 and 8 is a tall order for any family.  Add buying and growing a new business venture to the mix and only the strong will survive.  Sherri and Larry Hansen have done just that, growing Culinary Kids into a thriving business that truly has a positive impact on its community.  From a simple childhood memory of working together in the kitchen alongside her mother and Grandma, Sherri envisioned a place where family and friends could connect over meals—a place where people of all ages and walks of life could participate in the cooking process and experience the traditional values of family and friendships amidst the face pace world we live in.

www.culinarykidsns.com

See video
Owner/Founder
Sherri and Larry Hansen
My Location
Mandeville LA 70448
United States
Year Company Formed
2012
My Successes

Juggling a full-time career as an emergency helicopter pilot and raising 5 boys between the ages of 1 and 8 is a tall order for any family.  Add buying and growing a new business venture to the mix and only the strong will survive.  Sherri and Larry Hansen have done just that, growing Culinary Kids into a thriving business that truly has a positive impact on its community.  From a simple childhood memory of working together in the kitchen alongside her mother and Grandma, Sherri envisioned a place where family and friends could connect over meals—a place where people of all ages and walks of life could participate in the cooking process and experience the traditional values of family and friendships amidst the face pace world we live in.

www.culinarykidsns.com

What's Great About My Mentor?

Of mentor Mack Deloney, Sherri says, “Our mentor has taken our passion and anxious energies and given us professional focus, helping us achieve our goals. Our business is fueled by our heart, but our mentor helps us see the clear picture of success based on logical principles that allow us to be financially sustainable, thus allowing our passionate programs to grow with direction and purpose. Neither of us as owners possesses the academic or experiential knowledge needed to run a business, so our mentor has helped define our needs and has provided a wealth of support, and advice. Other specialized mentors have filled in those gaps even further, allowing us to succeed. We have increased our efficiency, defined a more clear business plan, and improved our human resources and hiring strategies. We feel supported, knowing that in those moments of excessive stress, there is someone to call who "gets it" and who will be there to coach us through the rough patches. This business would not exist in its expanding form were it not for our mentor's influence and we can't wait to one day serve others in the same capacity!

As a service-based business, providing customized programs for our community, we needed to learn which of our program ideas would succeed and which would not. Naturally, we believed all of our ideas to be fantastic; however, our mentor helped us streamline those programs by evaluating their feasibility and profitability in a very clear fashion. Doing this allowed us to increase our efficiency, save time in program development and decrease the stress placed on staff in these developmental months. We also experienced human resources and staffing issues as our target employees must meet very specific qualifications. Our mentor suggested a human resources expert (also a SCORE volunteer) to assist us in defining our staffing challenges (retention and payroll predictability) and brainstorm ideas on how to re-structure our program offerings to suit both the community AND the staff we wanted to retain. We changed the offerings, created new job descriptions and the energy of our team shifted immediately and became more stable with a clear direction.”

How SCORE Helped
 

Of SCORE Sherri says, “We sought SCORE support just as we opened our business, knowing that we needed assistance to make it work, but would not be able to afford a hired coach. SCORE was the answer to our challenges and we truly would not be here without this support. We are dedicated to spreading the word about what SCORE has done for us and we continue to recommend these services to other business owners in our community.”

Ask SCORE
 
       I’m currently in the planning stage for a new retail bakery. I’m going to need some funding for equipment, but my personal credit history is a bit spotty. How much is that going to hurt me, and how can I combat it?

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.

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