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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.
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A personal financial statement (PFS) is a snapshot of your financial position at a specific time. It lists your assets (what you own), liabilities (what you owe), and net worth. A PFS is essential for entrepreneurs looking to buy a business, get a loan, rent an office or storefront and more.
Personal and business finances in the same pot? Here are the 4 top situations when your personal and business finances should be handled differently.
Despite numerous economic forecasts predicting a recession, the U.S. experienced steady job growth, higher wages, a strong stock market, and robust consumer spending, with expectations of continued economic strength and falling interest rates. However, small business owners are advised to prepare for potential recessions, learning from the resilience and preparedness developed during the COVID-19 pandemic, and focusing on industries like repair services, health and wellness, discount retail, education, food and beverage, and technology that have shown resilience in economic downturns.
People often struggle to secure loans, commonly due to issues like weak credit scores and lack of adequate collateral. Learn what to do if you find yourself in this situation.
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:
- Value Proposition
- Customer Segments
- Customer Relationships
- Channels
- Key Activities
- Key Resources
- Key Partners
- Cost Structure
- Revenue Streams
For help completing the Business Model Canvas Template, contact a SCORE business mentor for guidance
Veteran entrepreneurs can leverage their military skills in their business ventures. Learn how to use your service training to your advantage in this article.
Download or print SCORE’s helpful checklist for launching your veteran-owned business.
Looking for veteran-owned business grants? Consider startup competitions and small business contests to fund your veteran business.
Are you planning to build a website but don’t know where to start? Follow this
simple checklist on building and launching a website.
Discover budget-friendly strategies and resources for small business growth and success. Get access to funding, expert advice, training, community and more.
In this guide, Trend Micro explores today's cybersecurity challenges small business owners face daily running their companies and some solutions to help overcome them.
