50 Small Business Tips for 50 Years of Success: Business Planning

Planning for success gives your business a direct roadmap for how to get there. These tips offer advice on specific ways to plan ahead, strategize and avoid pitfalls before they take your enterprise off track.

SCORE and MassMutual know how important it is to get good advice. That is why, for SCORE’s 50th anniversary, we are sharing helpful, relevant, and succinct tips for your business success. The tips are based on real-life experiences and successes from people like you.

During each month, we will be posting new leadership tips and case studies here. Check back often to learn more as we celebrate you this entire year.

CRN201601-179497

Strategy Meme

 

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Strategy Meme

The Secret Chocolatier’s artisanal chocolates developed such a following that customers began clamoring for the partners to open their own retail storefront. For help developing a business plan to transition into retailing, in 2010 Andy and Robin visited SCORE. 


Click here to learn how they transitioned!

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Strategy Meme

Seeking a business loan, in 2006 President and General Manager Terry L. Weaver began working with SCORE Mentor Lou Davenport to organize the company’s financial statements and put together a loan request package.


Click here to learn how Terry organized the company's financials!

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Succession plan Meme

In the mid-‘90s, as Ann’s company continued to grow and two of her daughters became involved, she talked to SCORE about expanding the business. Eventually she moved her business into outside office space to accommodate her growing needs. Ann continued to work with SCORE at different stages of her business growth, including attending various workshops.


Click here to learn how Ann grew her company!

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Why go it alone? Meme

In 1995, Williams’ business was rapidly expanding. When she discovered her rapid growth had also led to a growing tax bill, Williams visited SCORE to get advice on how she could pay less in taxes and keep more of her profits. 


Click here to learn how  Dr. Devona's mentor helped with the finances of the company!

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Retirement Plans aren't just for big companies Meme

In 1988, former teacher Beatriz Bonnet took over a friend’s Houston-based translation company. Bonnet had a background in languages, but not in business—and when she and her husband moved to Denver in 1995 and decided to keep the Houston office open.

Click here to learn how Beatriz's mentor helped her figure out the challenges of entrepreneurship!

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Retirement Plans aren't just for big companies Meme

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Offer Lower Prices or Provide Short-Term Value Meme

 

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Protect Your Business Credit Score Meme

 

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Business planning tip

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