Recreation and Travel

Due Diligence Checklist

Due Diligence Checklist

Article and tips on marketing

Article and tips on marketing

How to set up a non profit

How to set up a non profit

Screening test for startup

Screening test for startup

How to look at costs

How to look at costs

A comprehensive source of information resources compiled under 3 main categories of Planning Tools, Sources of Data, and General Sources.  Each of these 3 categories is broken down into subcategories and detail lists under the navy blue headings.  While Northern Illinois SCORE has made every effort to insure the accuracy of this list, we can not be responsible for changes in the URLs or the content on these references.

A comprehensive source of information resources compiled under 3 main categories of Planning Tools, Sources of Data, and General Sources.  Each of these 3 categories is broken down into subcategories and detail lists under the navy blue headings.  While Northern Illinois SCORE has made every effort to insure the accuracy of this list, we can not be responsible for changes in the URLs or the content on these references.

Planning and analysis templates in Excel, PDF, or Word format to help you analyze specific areas of your business start-up or growth venture.

Planning and analysis templates in Excel, PDF, or Word format to help you analyze specific areas of your business start-up or growth venture.

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

Travel Alive

For many people, the ideal overseas vacation consists of living as if they had never left home. Not for Tom LeaMond, co-founder and CEO of Travel Alive.  After an extended career in business and finance, Tom began preparing his business plan in late 2004, partnered with Molly Besta-Alscheid in 2005, and turned to Chicago SCORE in 2006 to help turn a dream into reality. SCORE helped him by developing a business plan and working on a marketing strategy.

Owner/Founder
Tom LeaMond and Molly Besta-Alscheid
My Location
Oak Park IL
United States
Year Company Formed
2006
My Successes

The Oak Park, Illinois-based travel company offers what it describes as “a once-in-a-lifetime opportunity to volunteer and grow in a foreign land.” Specifically, Travel Alive provides travel packages that offer language immersion and volunteer experience for students and professionals who want to improve their language skills while making a difference in the world. 

In 2006, Travel Alive sent five participants to Ocotal, Nicaragua. In 2007 more than 80 clients will travel to Nicaragua and, late in the year, volunteers will begin traveling to Ecuador.  Late in 2008, Travel Alive expects to send its first participants to Brazil as part of an overall goal of more than 300 volunteers they have recruited for next year.

A year into the business, SCORE introduced Tom and Molly to Nicki Tader, another entrepreneur with a dream to start a volunteer-based travel company—this time in Brazil.  The trio combined operations under the Travel Alive name. “We were excited,” Tom says.”With Brazil as a destination, we were able to offer clients a new country and a new immersion language, Portuguese.”

What's Great About My Mentor?

SCORE Mentors Bill Broderick and Ingrid Van Weenen met several times with Tom and Molly to review business plan progress and help develop a marketing strategy. “We were investing a lot of time and our personal funds to get this off the ground, and Bill and Ingrid offered expertise and encouragement when we needed it most,” Tom says.

The pair also attended a number of SCORE seminars and enjoyed ready access to other SCORE mentors, including Mike Koen, an expert in business development, and Peg Corwin, who helped the pair maximize the company’s Internet presence.

Syndicate content