SCORE in the News

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

5 ways to smooth an ownership transition

Date
Mon, 2015-06-29 10:39

Kansas City-based Merrigan & Co. recently went through a process that is inevitable for many successful companies: It got new ownership.

Bob Merrigan, who founded the marketing company in 1990, sold it to two longtime employees, Merritt Engel and Monica Tiffany, who set up a 50-50 partnership structure. Merrigan agreed to an employment contract, allowing him to continue managing longtime accounts and serving as a mentor to the new owners for several years.

Mobile-Friendly Isn’t Enough For Local Businesses

Date
Mon, 2015-06-29 10:35

There’s nothing more local than your pocket.

On a recent Local University hangout on mobile and local, local search and analytics experts gave some great insights on the growing importance of mobile search and mobile site design. LocalU, the host of the hangout, is an organization dedicated to teaching small business owners how to succeed online through local online searches.

Organization wants the right SCORE

Date
Tue, 2015-06-23 18:30

 

From Wantrepreneur to Entrepreneur: 3 Easy Steps

Date
Wed, 2015-06-24 13:25

At one time or another, most of us feel as if we have a viable business idea. We may be complaining about the poor service we've received and see a way to improve upon it, or we may notice a gap in the market – whatever the inspiration, good ideas can come and go if we don't try to build on them.

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