Minority Entrepreneurs

Memphis Best BBQ-National SCORE Success Story

As a young man I started researching how to write a successful business plan and what you need to get going. Several years before I retired from the Marine Corps, I relocated to Peoria Arizona. I had heard from several friends in Okinawa, Japan, that Phoenix was the new place to be and that it was growing faster than any other state.

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My Location
Buckeye AZ 85326
United States
My Successes

So I decided to take a trip to the area from Japan and check out the real estate. It caught my eyes and so my decision was to sell my condo in California and purchase in Peoria. I moved my family to Peoria and remained in California to f inish out my term. Doing this time I was zeroing in on my dream. I continued working on my business plan and attending numerous business classes and seminars offer in San Diego, California. Every time people would ask what type of business I was opening and I mentioned BBQ, their eyes would light up.

What's Great About My Mentor?

This was my personal reward for all my hard efforts and it has paid off. My restaurant is doing great and we are approaching the one year mark. Thanks to Jim Batz and all of you at SCORE and Marva Booker at Wells Fargo Bank. It's God that knows I wouldn't be here if it wasn't for these great people. 

How SCORE Helped

Goodyear had a SCORE Counselor. I called and made an appointment and met Mr. Jim Batz. I remember that day very well because of his face and his look as I introduced myself. I think he immediately felt sincere about my business plan and immediately went to work counseling me on my vision and what I needed to do before going to a bank. This was a well-executed effort for over two years working with Jim. My last meeting with Jim was simple, “Okay, what else do you need from me”, were his words. “I think you are well on your way. Keep
me informed.” I also attended the Self Employment Loan Fund course at Glendale Community College.

New-Age Preparatory Academy Finds Success With SCORE Mentor

Tanya and Chris Furlow had a passion to create a quality day-care center in their community.  This husband-and-wife team planned to combine their talents, Tanya bringing her experience in childcare and Chris his experience in building renovation.

In 2005, they came to SCORE seeking advice on how to develop a business plan for their day-care facility.  However, their plan required a substantial amount of money since they wanted to purchase a building on a spacious lot. Their primary counselor was Kisoon Park who introduced another SCORE counselor, John Costello, to help them with the financial section of the business plan.

www.newageprep.com

Owner/Founder
Tanya and Chris Furlow
My Location
8938 S Cottage Grove Ave
Chicago IL 60619
United States
Employees
16
Year Company Formed
2006
My Successes

Their loan application was approved later that year, which Tanya and Chris attribute to the strength of the business plan that SCORE helped them develop.  They believe that in-depth demographic research combined with detailed competitive analysis for each and every day-care center in their target market was a key to their success in obtaining the loan.

Building and facility renovation took almost two years to complete, and the New-Age Preparatory Academy opened its doors in late 2007. 

Tanya and Chris’s strong business plan, close teamwork and meticulous execution paid off.  New-Age has already opened a second location and total enrollment in their academy reached over eighty children by late 2010.

What's Great About My Mentor?

“SCORE counseling helped us in doing detailed market studies with emphasis on competitive analysis," say Tanya and Chris. "This enabled us to develop business strategies that separate us from the competition and, most importantly, helped us in securing the building loan.  Working with SCORE counselors over a period of time helped us in the successful implementation of our business plan.”

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