In an era when traditional business plans seem passé and specialized financial advice is only as far away as your smartphone, where do tried-and-true business counseling programs fit into the entrepreneurship equation?
It’s a tough question, and it’s David R. Bobbitt’s to answer.
Bobbitt, a University of Virginia graduate, was recently elevated to president of the SCORE Foundation and vice president of development for the foundation’s parent nonprofit association, a small-business counseling and mentorship group financed in part by the federal government.
(SCORE originally stood for Service Corps of Retired Executives.)
Now in its 50th year, the organization, based in Herndon, Va., helps entrepreneurs with tasks ranging from writing a business plan to applying for a loan to breaking into the contracting arena. The group has worked one-on-one with more than 10 million businesses and has built an army of about 11,000 volunteers, including active and retired executives.