SCORE in the News

Foundations That Help with Business Startups

Thu, 2015-01-01 15:58

Starting a new business is often exciting, but new business ventures are often filled with unexpected expenses and setbacks. Without guidance or financial assistance, many new business startups have difficulty succeeding. Several foundations have been established to help business startups succeed, providing essential financial, legal and organizational assistance to these businesses when it is needed most.

Strauss: No better time to start a business

Mon, 2015-01-19 07:19

Hi, Steve – My resolution for the new year is to finally start my own business. And, while I have a general idea of what the process entails, I was hoping you could give me a better, more specific, outline. Thank you. -- Abigail

A: Let me begin by saying that there is no better time to start a business than right now. This is the golden age for small business. Not only is the economy booming, but you have three other distinct advantages:

Increase your startup's success rate - Get a business mentor

Tue, 2015-01-20 12:51

The steam that once fueled a rapidly growing entrepreneurial industry has drastically slowed. With good reason, people are no longer rushing to become business owners. The fear of failure, the shortage of funds, and the effects of a really bad recession are all to blame. At least 25% of all start-up businesses fail within the first year, 36% by year 2 and 50% by year 4. With these results and today’s risk being so high, not many want to take a chance with such a jilted success scale.

What to do when your grand business plan doesn't match your budget

Wed, 2015-01-21 10:58

Coffee connoisseur and Kansas City resident Danny O'Neill had big plans: Open a coffee shop and a roastery with a glass wall separating the two. Café customers could sit and drink coffee while they watched the roasting process.

Estimated startup costs: $300,000.

Then he met with a volunteer from the small business counseling organization SCORE. "Who would run the café?" the volunteer asked. "Who would roast the beans? Who would sell the coffee?"

New Infographic: The Burden of Small Business Accounting, Taxes and Payroll

Wed, 2015-01-28 09:41

WASHINGTON, Jan. 28, 2015 /PRNewswire-USNewswire/ -- SCORE, – - mentors to America's small businesses, has gathered statistics concerning how much time and money small businesses spend each year on accounting and tax preparation and each month on payroll administration. Owners were also surveyed on their opinions of the most burdensome small business management tasks.

Significant Time and Money Spent on Tax Preparation

Startup Costs: How Much Cash You'll Need

Fri, 2015-01-30 09:08

Starting a new company is an intimidating proposition, and a would-be business-owner's principal concern is cost. Though you may be worried about your cash flow, thorough planning and a careful startup process can help keep your projections on target.

Start small

Qualities your next mentor should have

Fri, 2015-01-30 14:21

Finding a mentor isn’t easy and not every person you admire is perfect for the task. In a recent online panel, we asked our experts in small business and leadership what qualities effective mentors share. Here’s what they suggest.

SBA Administrator on Mentoring: 'It's About Championship'

Fri, 2015-01-30 02:10

Mentoring’s lessons can be just as beneficial for the mentors as the mentees. In this online panel, women business leaders share what mentoring has taught them.

1. Be the adult in the room. Remembering to give back, usher and host, as mentoring requires, helps you foster relationships with every interaction, says Maria Contreras-Sweet, administrator with the U.S. Small Business Administration. Says Contreras-Sweet, “The more I gave, the more came back to me.”

Be a Truth-Teller: Advice for Better Mentoring

Fri, 2015-01-30 13:12

As a small business owner, you forge strong bonds with your staff and serve as their teachers, whether you realize it or not. Foster better, more honest relationships with those team members with these great tips from our recent panel on small business mentoring.

1. Be respectful. Maria Contreras-Sweet, the U.S. Small Business Administration’s current chief, says mentors should avoid ‘gotcha’ moments. Instead, see critiques as a chance to be someone’s champion and to offer help and guidance.

On The Money Radio on Gwinnett Business RadioX Spotlights SCORE

Wed, 2015-05-13 10:05

ATLANTA, GA--(Marketwired - May 13, 2015) - On April 29, 2015, On The Money welcomed to the studio Peter Hildebrandt with SCORE. Host Joe Moss sat down with Hildebrandt to discuss the process of starting a new business.

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