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Founders Story Sum Bar
Business Lessons Learned from Sum Bar's Success

Khailing Neoh, the founder of Sum Bar, a unique Dim Sum restaurant and bar in Greenville, South Carolina, shares her entrepreneurial journey and the lessons learned from establishing a culturally rich dining experience.

Person buying food from a food truck
Is a Food Truck Business Right for You?

Chances are you're interested in starting a food truck business because friends and family love your food, and you're passionate about preparing it. However, succeeding in the food truck business requires more than just great food at competitive prices.

Starting a food truck business requires careful planning, preparation and hustle. It's about more than just the food; owning and operating a food truck can be stressful and time-consuming, requiring financial and operational management skills and good business sense.

Food trucks are a significant and growing $2.2 billion industry segment

small business owner working on computer at desk
Understanding and Complying with the Federal Corporate Transparency Act

The newly enacted Corporate Transparency Act (CTA) calls for LLCs, corporations and other similar business entities to submit specific information about their owners to the Treasury Department. The CTA was created in an effort to prevent money laundering and other illicit activities. Read on to understand the CTA and what is required from small businesses to comply.

Business Model Canvas Template Graphic
Template: Business Model Canvas

If writing a full business plan seems overwhelming, start with a one-page Business Model Canvas. Developed by Founder and CEO of Strategyzer, Alexander Osterwalder, it can be used to easily document your business concept.

Download this template to fill out the nine squares focusing on the different building blocks of any business:

  1. Value Proposition
  2. Customer Segments
  3. Customer Relationships
  4. Channels
  5. Key Activities
  6. Key Resources
  7. Key Partners
  8. Cost Structure
  9. Revenue Streams

For help completing the Business Model Canvas Template, contact a SCORE business mentor for guidance

What is the Business Model Canvas?

Does writing a business plan seem overwhelming? Try the Business Model Canvas. Explained in this article: what is it, and how you can use one.

AANHPI networking photo
13 AANHPI Resources for Entrepreneurs

Asian-owned businesses are big contributors to the U.S. economy. They make up the largest share of minority-owned employer businesses in the U.S., employing 5.2 million people and generating $841 billion in revenue per year—those are inspiring statistics.

Entrepreneurship can be a great opportunity for Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs, sometimes referred to as AAPIs). Entrepreneurship also has its challenges. In The State of AAPI Small Business Owners report by Hello Alice, 33 percent of the Asian small business owners surveyed said their number one

Cybersecurity for small businesses image
Cybersecurity for SMBs

From the democratization of artificial intelligence (AI) to large-scale data leaks, there was no shortage of news in the worlds of technology and cybersecurity throughout the first quarter of 2023. Read on for Trend Micro’s summary and to learn what businesses can do to protect themselves and their employees.

AAPI restaurant owner entrepreneur
12 Steps to Starting a Restaurant

For AANHPI entrepreneurs who want to start a restaurant, this is a good time. The National Restaurant Association expects restaurant revenue to reach $997 billion this year. Download this eGuide for steps and resources.

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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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