SCORE in the News

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.

Women entrepreneurs don't need to go it alone

Thu, 2015-05-14 08:00

Even before starting a family, Brittney Castro worried that someday she might feel forced to choose between her career and her children, a dilemma to which many working parents can relate. So in late 2012, she left her job as a financial planner at an advisory firm and launched her own practice.

"I wanted the flexibility to have a family and not worry about losing momentum in my career or balancing a strict 9-to-5 job" and a family, said Castro, a certified financial planner and founder of Financially Wise Women.

Baby Otter Swim School dives in for a makeover

Sun, 2015-02-01 14:00

The year was 1975 and Marlene Bloom was looking for swimming lessons for her daughter, Stephanie, 2. But she couldn’t find anything for kids under age 3. So Bloom, who had a physical education degree and early childhood development teaching experience, decided to create her own. She developed the five-day “Turn, Kick, Reach” program to help infants to adults learn water-survival skills. The Turn, Kick, Reach Academy eventually became the parent company for Baby Otter Swim School.

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