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          After working in the industry for a number of years, I want to start my own catering business. Conversations with a couple of banks about financing have not been promising, so I’m considering approaching some friends and relatives about borrowing the startup money. Is this a good idea?         

When seeking financing help for a small business, many entrepreneurs turn to friends and family, rather than banks or other lending sources. While this approach may avert the stresses associated with loan applications and presentations before strangers, it carries its own set of risks and potential pitfalls.

About the Author

          This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.  

I’m considering purchasing a local, long-established dance studio. I have the training and skills to run it, but have never bought a business before. What advice can you give me? 

          Buying an existing small business can expedite one’s way into entrepreneurship. All the upfront effort has been taken care of, as has much of the learning curve. And with staff and resources already in place, you may think stepping in and taking over is all there is to it.

About the Author

          This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org  for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration. 

Jim Jindrick

Unavailable

Tucson, AZ

Languages:English

How I can help you

  • Jim Jindrick is a mentor-in-residence for the McGuire Center for Entrepreneurship in the Eller College of Management at the University of Arizona.  He is also president of Wencil Research, LLC specializing in technology venture development.  
  • He has 30 years management experience encompassing strategic planning, business development, product research and engineering, and international marketing and sales. He developed over 40 successful high-tech products, product lines, and enterprises including internal corporate ventures, spin-off companies, and independent start-ups.
  • Jim was a product research and development manager for Snap-on Tools, director of the Microelectronics Research Group at McGraw-Edison Company (acquired by Eaton Corporation), and new business development manager at Burr-Brown Corporation (acquired by Texas Instruments).  
  • He was a co-founder of Intelligent Instrumentation Inc, Wireless Sensor Technologies Inc, and BestAcrossAmerica LLC. He was also vice president of international marketing for Galtronics Inc and Ridgetop Group Inc. 
  • Jim received seven U.S. utility patents and over 50 international patents for innovations in automotive test and diagnostic equipment, electric power distribution automation systems, and personal computer instrumentation systems. Products and business ventures Jim developed have generated over $750 million lifetime revenue.  
  • Jim was named an Eller Entrepreneurial Fellow and inducted into the Entrepreneurship Hall of Fame at the University of Arizona. He also served as a MOOT CORP Fellow at the University of Texas and as Entrepreneur-in-Residence at the University of Oregon.  
  • He has taught a variety of business development courses, seminars, and workshops at the University of Arizona, Arizona State University, Pima Community College, University of Wisconsin, Gateway Community College, Consejo Nacional de Ciencia y Tecnologia (CONACYT), and various corporations.
  • Jim received his engineering and business education at the University of Wisconsin.
  • He is a lifetime member of the Institute of Electrical and Electronic Engineers (IEEE), has an FCC commercial license, and an advanced-class "ham" radio license.

Areas of expertise

Industry Experience

Education

Engineering and Business education at the University of Wisconsin. Jim has been an Entrepreneurship Mentor in Residence at the University of Arizona since 1989.

Communication methods

Have you found success with mentoring from Jim Jindrick? Share your story.

Business Technology - Finances (4 of 4)

Summary

Business Technology - eMarketing

Summary

Business Technology - Websites

Summary

Warsaw Office - Chapter 50

Ronald C Everson

Unavailable

Winona Lake, IN

Languages:English

How I can help you

13 yrs Armstrong Prods., Research, cost service, tech service, quality control

15 yrs Winona Corp., Gen. Mgr., President, Owner Sold business in 2001

Areas of expertise

Industry Experience

Education

<p> BS from Purdue University 1969</p> <p> &nbsp;</p> <p> Masters&nbsp; Business St. Francis</p>

Communication methods

Have you found success with mentoring from Ronald C Everson? Share your story.

Business Technology Program - Overview Webinar (1 of 4)

Summary

This narrated PowerPoint video provides an overview of the benefits and features of using current technology to improve your small business.  It is the first in a four-part series originally developed to provide SCORE volunteers with an overview of current technologies in order to better guide their small business clients.  However, the perspective of the narration in these videos has been changed to be appropriate for viewing directly by small business owners and managers.

Rich Wiley

Unavailable

San Diego, CA

Languages:English

How I can help you

Summary Strategic Business Planning / M&A Experience / Sales Team Leadership New Product & Market Development Rich has over thirty years of experience in executive management with both major corporations and small start-ups. He served as the president of two companies and in varies senior management positions in sales, marketing, and business & product development. He provided strong leadership & management in the areas of strategic business positioning, product definition & development and establishment of a clear and compelling customer focus. In addition, Rich had direct responsibility for raising investment capital and M&A activities. He prides himself on his strong presentation, communication and negotiation skills and expertise in building a high performance management team which develops solid relationships with customers and other business stakeholders. TRACK RECORD OF SUCCESS * Led the successful turnaround of a privately held IC equipment firm into a merger with a larger company * Effectively managed the product-development / market introduction for new products for two start-up companies. Raised seed and development funding from major corporations in the USA and Japan. * Introduced and led the formal PDP (Product Development Processes) for new, innovative 300mm production equipment for the semiconductor industry. * Led a successful introduction of a web- based ecommerce business that marketed and sold high end tech equipment though a website to a global customer base. * Introduced the QFD (Quality Function Deployment) process to improve both profitability and customer satisfaction for after sales system market.

Areas of expertise

Industry Experience

Education

<p> US Air Force Academy, Colorado Springs, CO - BS Electrical Engineering</p> <p> Stanford University, Palo Alto, CA - MS Electrical Engineering</p> <p> Stanford Business School, Palo Alto, CA - MBA</p>

Communication methods

Have you found success with mentoring from Rich Wiley? Share your story.