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Amidst the pandemic, only one in three small business owners describe their business as profitable today

“Beware of third-party websites,” said Alozie, who also volunteers with SCORE, a non-profit organization that has a large network of mentors for small-business owners. Stick with your municipality’s official website.

Black small business owners are 90.7% more likely than White small business owners to have a direct relationship (family, staff or themselves) with someone infected by COVID-19, and are 80% more likely to report that remote work has significantly impacted business, according to new survey data published by SCORE, the nation's largest network of volunteer, expert business mentors.

One of our 'Face of Entrepreneurship' for the week is Rayan Garg, Co-Founder of Elevate the Future. Ryan worked with local SCORE to help small businesses in his community.

Hispanic entrepreneurs are the fastest-growing segment of business owners in the U.S. While the number of Hispanic-owned small businesses has been increasing since 2013, data shows that minority-owned small businesses, specifically, Hispanic- and Black-owned small businesses, have been disproportionately affected by the COVID-19 pandemic.

The question business owners have to ask themselves is, 'How do I price it in a way that builds a stronger customer?'" said Andrea Ames, certified mentor at SCORE. "

SCORE, the nation’s largest network of volunteer, expert business mentors, is pleased to announce the appointment of five new members to its board of directors, which helps guide the organization in its mission to foster vibrant small business communities through mentoring and education.

While there are different types of income statements, they all include key information. Below is a sample income statement provided by SCORE, the nonprofit small business mentoring group.

Here are some examples of balance sheets provided by SCORE, the nonprofit small business mentoring service, and SBA Complete, a small business lender.

Women’s entrepreneurship has been dramatically on the rise in America during the past decade. There are now 12.3 million women-owned businesses in in the U.S., according to a report by American Express and SCORE.

Women currently are majority owners of 39% of U.S. small businesses, a 45% increase from 2007 to 2016, according to SCORE, a network of volunteer business mentors sponsored by the Small Business Administration. These businesses employ nearly 9 million people and generate more than $1.6 trillion in revenue each year. 

The first month running the store "went pretty good," Wilde said, although some slower days led her to question her decision. She said guidance from her mentor at SCORE, a national small business resource organization with a Green Bay chapter, gave her confidence.