Environmental Services

The selection of a business entity (form) will affect your exposure to personal liability, how you draw profits and pay taxes, your ability to raise capital, how you run your business, and how difficult it is for business reporting.

Generally, all businesses fall into one of these broad categories: Sole Proprietorship, Partnership, Limited Liability Corporation, or Corporation.

A sole proprietorship is an unincorporated business owned by one individual. A partnership is a legal entity existing between two or more persons who join to carry on a trade or business.

If financial problems have overwhelmed your finances, Bankruptcy may be an option.  Read some of the basics here.

http:// http://www.nhbar.org/for-the-public/bankruptypamphlet.asp

How SCORE Worcester helped an established family business to plan for profitable growth.

Family-owned Groundwater Supply Company of Sterling, MA asked in 2006 for SCORE Worcester's advice how to break out of the often haphazard way small businesses are run. Since 1992 Groundwater had sold a wide variety of drilling equipment for use in water well drilling, geotechnical drilling for core samples from deep within the earth, and environmental drilling.

Owner/Founder
Gary Erickson
My Location
217 Leominster Road
Sterling MA 01564
United States
Year Company Formed
1992
My Successes

Now that the Groundwater Supply Co. Inc. of Sterling has been working with SCORE Worcester mentors for over four years, the Erickson family has seen their annual sales climb from under $400,000 to $5 million. The Ericksons recently opened their new, 6,000-square-foot office and next-door warehouse, full of the wholesaler's products.

But moving to new digs isn't the only change Groundwater has made. The old, familiar, informal way of running the family business has been replaced by an efficient and effective business plan.Check out their website, http://www.groundwatersupply.net/.

How SCORE Helped

SCORE volunteer Burt Siegal helped Groundwater make improvements to its inventory system, its accounting system, and its job descriptions. He also showed the Ericksons how to communicate more effectively with each other, helping the company vastly widen the number of products it sells. SCORE also hooked Groundwater up with Commonwealth National Bank, which provided $800,000 in financing for the company's recent onslaught of improvements.

His next step with Groundwater will be to help increase their marketing efforts. The company already has half-page color advertisements in big, national drilling trade magazines.

 

DMG

Entrepreneurs often face the dilemma of deciding how and when to add new services in order to keep a small business growing. For Angela Todd, founder and CEO of DMG, Inc., the challenge was identifying the most promising niche for her company, then investing the right resources to make it successful.

Owner/Founder
Angela Todd
My Location
Laguna Niguel CA
United States
Year Company Formed
1999
My Successes

In 1999, Angela Todd had started her own business that provided “turnkey” services for Southern California’s commercial real estate market. Drawing on her experience in professional services marketing, she helped connect real estate brokers and developers with qualified engineering consultants and contractors to help launch and complete new projects.

Angela enjoyed tremendous success in her first four years as an entrepreneur. In 2003, her husband Charles, himself a commercial development professional, was ready to become a partner and help take the business to the next level. The question was, what direction was best for the company go?

“We were growing fast, trying to be a lot of things to a lot of people,” Angela recalls. “With so many potential paths available, we needed to find one that was right for us.”

By narrowing their market, it helped DMG double its business in 2004. Angela is now looking to bring the company’s services to new markets, including banks that provide SBA-backed loans to other small business owners. DMG is also giving back to the community through activities such as sponsoring a luau fundraiser for St. Jude’s Children’s Research Hospital, and sponsoring a motocross racing team.

“We essentially created our own niche market—providing due diligence engineering and inspection services within the ‘short escrow’ period—the brief timeframe that brokers and developers have to verify the value of their properties to lenders,” Angela says. “We act as the ‘building police,’ investigating the property and the surrounding areas for hazards and concerns using our own engineers and inspectors to ensure that these services are performed within each customer’s stringent escrow contingency deadlines.”

What's Great About My Mentor?

While researching SBA loans, Angela learned about SCORE’s free mentoring services. After meeting with volunteer mentor Betty Otte, an expert in launching and managing various types of businesses, Angela was confident that she had found the answer.

Otte made recommendations for shaping DMG’s marketing advertising strategy. “Even though my background was in marketing, Betty provided valuable advice on how to tailor our message to our target markets,” Angela says. “Betty essentially gave us homework assignments, and every one proved to be successful.”

Along with refining DMG’s direct mail pieces and client newsletter, Otte has helped the couple bring some fun to their work. “Betty gave us the idea of turning our business development visits to brokers into ‘holidays,’ where we deliver pastries along with company information,” Angela says. “That reinforces our presence in each office, and we almost always meet someone we’ve not done business with.”

How SCORE Helped

“A lot of credit goes to Betty and SCORE,” Angela says. “Our discussions have produced valuable ideas that have helped us build our business, and address issues that might have thrown us off track. That’s why I recommend SCORE to everybody I talk to. Who wouldn’t want to take advantage of all that valuable knowledge and support?”

VIPs - Veterinary Services

“Our animals make us feel better. Let me help them feel the best they can,” insists SCORE client, Christine Woodford, DVM, owner and founder of Veterinary Integrative Performance Services, Inc. (VIPs).

My Successes

Veterinary Integrative Performance Services, Inc. (VIPs)

Marion, IA (Linn County)

A Specialized Veterinarian Success Story

“Our animals make us feel better. Let me help them feel the best they can,” insists SCORE client, Christine Woodford, DVM, owner and founder of Veterinary Integrative Performance Services, Inc. (VIPs). Dr. Woodford graduated Summa Cum Laude from Creighton University in Omaha, Nebraska, in 1994 with a Bachelor of Science Degree in Chemistry. She then received a Master of Science in Organic Chemistry from the University of Wisconsin-Madison in 1996. In 2002, Dr. Woodford graduated with honors from Iowa State University and received her Doctorate in Veterinary Medicine.

Dr. Woodford, a licensed veterinarian, worked in regular practice for six years. While she was working, she went on for advanced training in animal chiropractic and veterinary acupuncture. In 2006, the American Veterinary Chiropractic Association certified her in Animal Chiropractic. In 2007, the Chi Institute in Florida certified her in Equine Veterinary Acupuncture.

Jim Williams, SCORE mentor and counselor, first met with Dr. Woodford in September 2006 and has met with her about once a month since 2007 when she first began to think about someday opening her own veterinary practice. When Dr. Christine, as most people know her, first met Jim, the assignment he gave to her was to write a business plan. She states that writing the business plan was “painful” but she admits that it was a “very important process and one of the key tools that has contributed to the success of her new company.”

After working through the start up worksheets provided by SCORE, Dr. Christine realized that she could start her own veterinary practice specializing in chiropractic and acupuncture for small animals and horses. She left her previous employer on good terms and was able to retain her existing chiropractic and acupuncture clients. In May 2008, she founded VIPs. Her overall goal is to keep the horse’s body balanced through chiropractic and acupuncture to optimize the horse’s health and performance. Chiropractic is a drug free approach to animal health care. It focuses on restoring proper motion to the spinal column and limbs to keep the nervous system working optimally. The goal of acupuncture is to unblock stagnation and allow “Qi” to flow properly. This restores balance and harmony to the animal.

Since Dr. Christine offers very specialized services, she knew she would have to cover a wide area to reach her clients. She travels to different areas of Iowa each month to provide those services. Dr. Christine says, “Managing the travel throughout the state and the work schedule was the toughest part of my first year in my own business.”

After that first year, she began renting office space at Crystal Creek Equine Center. This is a premiere horse facility in Marion conveniently located one-fourth mile north of Highway 151. This location allows her to work on small animals safely in a climate-controlled office. It also has a large indoor arena and an area where she can work on horses. Currently she sees patients at her office two to three days a week and travels to other areas of the state two days a week. When asked what the biggest surprise of owning her own business was, she answered, “The amount of time it takes to ‘manage’ and the need for consistent/constant marketing, accounting practices, time management; someone told me that ‘starting your own business is like taking care of a newborn child—it takes constant care and attention.’”

Marketing has been an important factor in the success of VIPs. As Jim Williams stated, “marketing is announcing who you are and what you do.” Dr. Christine writes educational articles for local animal owner magazines. She has taught courses at Kirkwood Community College. She also has a website, www.Vipsvet.net. She has her logo and contact information on the sides of her vehicle that she refers to as her “mobile billboard.” She also reaches prospects through direct mail. About two weeks before she plans to be in a certain part of the state, she sends post cards to her existing contacts. Even if that client’s animal is doing fine and does not need treatment that month, the reminder postcards generate a tremendous amount of word of mouth advertising and she receives referrals from satisfied clients.

Dr. Christine created a tri-fold informational brochure that explains her services. She has contacted other veterinarians, human chiropractors and acupuncturists, and pet groomers, boarders, and trainers. They display her business cards and brochures at their places of business. She joined Linn County Le Tip, a local networking group of business professionals. She gives educational talks and demonstrations for animal enthusiasts.

Dr. Christine says the greatest satisfaction of owning her own business is in “Helping animals feel better; providing hope to animal cases when traditional veterinary medicine has left them with a poor prognosis.” She states that she gets continuing satisfaction from the “feedback from her clients telling me that their animals feel better and are happier. In addition to her highly specialized services, other distinguishing characteristics of Dr. Christine’s business is that she schedules all appointments—no emergency services—and that she always collects for her services at the time of service; this contributes to her low overhead. When asked what have been the most important keys to her success, Dr. Christine agrees that a well thought out business plan, including a detailed marketing plan is high on her list and that she could not have done that without the help of her SCORE mentor. Dr. Christine states that Jim has been a mentor on every aspect of her business, including making suggestions about how to dress to make the best impression on clients.

Christine Woodford,
DVM; Owner
www.vipsvet.net
Veterinary Integrative Performance Services Inc.
1661 O'Connor Road
Mt. Vernon, IA 52314

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.”

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