24 N. Washington StSpencer IN 47460
Year Company Formed
How SCORE Helped
Very early in the Tivoli Project, OCP began developing a business plan that would ensure the successful operation of the theater after the renovation was complete. While it was recognized that the theater would be the primary source of revenue, it would be necessary to augment that revenue from other sources. A key factor in doing so would be to maximize the utility of the building by incorporating spaces that could be rented independently from the theater, per se, or used to bolster the functionality of the theater. It was also recognized that we would require an experienced theater director since none of the OCP directors nor it's membership had such experience. The theater director would need to be a paid employee of OCP with a staff of volunteers under his or her direction. A business plan was developed accordingly and reviewed by SCORE members Mike Spinks and Tad Wilson. They provided several essential recommendations that were incorporated into the plan along with a few other changes that resulted from additional research suggested by the SCORE members. A revised version of the plan was put together and again reviewed by Mike and Tad. They recommended a few more minor changes that were incorporated into the third version, which they reviewed and "blessed". They advised that the business plan is a "living document" and will need to be changed as situations develop, but provided us with the confidence that we needed to proceed. As they predicted, two more minor changes were made before the business plan was "published". Owen County Preservations is very grateful for the invaluable assistance provided by SCORE, and in particular Mike Spinks and Tad Wilson. The Tivoli business plan allowed us to attain the confidence of the Cook Group as a viable custodian of their investment, capable of operating the Tivoli Theatre as a successful business. It also provided the confidence needed by Owen County State Bank to provide us with an unsecured line of credit to use for start-up capital that was required to hire a director, purchase supplies, and meet other financial requirements necessary to start the operation. Our business plan was key to our success, and SCORE participation in its development was key to the success of the business plan.
Owen County Preservations, Inc.