SCORE in the News

10 Great Resources For Starting A Business Over 50

Date
Fri, 2015-07-17 17:08

Starting a business of your own after age 50 can be very rewarding and give you a new lease on life! You’re also more likely to start a successful business at this age because you will channel the skills you’ve developed throughout your career. In fact, one leading study found that people over 50 are almost twice as likely to launch high-growth startups than their younger counterparts.

Here are 10 resources you can take advantage of when starting a new business after 50.

16 Steps to Starting a Business While Working Full Time

Date
Thu, 2015-07-16 16:59

Do you dream of owning a business but need the income of your full time job? Developing a company while keeping your day job actually offers several benefits. You can try entrepreneurship on a part time basis to see if it suits you. The transition period also allows you to update skills and establish business contacts from work. Even though creating a business in your spare time may seem daunting, the key is time management and planning. You must take one step at a time.

The Ins and Outs of Alternative Financing

Date
Mon, 2015-07-13 14:00

After the recent financial crisis, traditional banks are more reluctant than ever to fund small businesses. Entrepreneurs need not be discouraged though, as a new trend has emerged in the world of finance: “alternative lending.” What exactly is alternative lending and is it right for your business? Here are some resources to help demystify the latest options in small business financing.

“Alternative Lending” Defined

5 Financial Basics for First-Time Entrepreneurs

Date
Tue, 2015-07-14 10:50

As an entrepreneur, you get quite accustomed to failure. Of course, there many reasons why a business doesn't succeed. Maybe there just isn't a market for your product or service. Perhaps you didn't assemble the right team. Or, you just didn't understand financial basics.

Innovation Isn't Always About Technology

Date
Thu, 2015-07-09 17:17

Innovation drove your business from concept to profitable company. Now, as CEO, you need to be innovative about mastering the strategic skills necessary to achieve sustainable corporate and personal success--and to learn to redefine that success in the context of the company you created. 

Business Rx: With reform taking hold in health care, a prescription for a pivot

Date
Wed, 2015-07-08 09:13

This week, the experts at the D.C. chapter of the business mentoring group SCORE offer a prescription for helping a health-related small business thrive in a changing market. – Dan Beyers

The entrepreneur

5 Tips for Launching a Startup With Little Money

Date
Tue, 2015-07-07 15:55

You don't need a lot of capital to start a business. Ultra-light startups are a category that lets entrepreneurs use the power of the Internet to get started on the cheap. Ultra-light startups leverage every creative technique and use of the Internet to do everything for free or for very low cost. Everything they do is based on holding down the use of capital, but at same time generating revenue. It's not the easiest thing to do, but it is possible! Here's some advice to get you going.

1. Get a business plan in place

New Infographic: Small Business Owners Struggle Financially in 2015

Date
Wed, 2015-07-01 09:10

WASHINGTON, July 1, 2015 /PRNewswire-USNewswire/ -- SCORE, – www.score.org - mentors to America's small businesses, has gathered statistics on the financial strains of small business owners in the United States. In the second quarter of 2015, overall small business optimism dropped for the first time since 2012. Lower revenues and tighter credit in 2015 are discouraging business owners.

Fewer loan approvals mean more reliance on owner's assets

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