Small Business Success Blog

The role played by a “Cash Cow” component in your business portfolio is often undervalued and overlooked. Simply stated, the term “Cash Cow” is a term commonly used to describe a product or service which consistently generates positive cash flow. Typically “cash cows” are well established and within the mature stage of the business cycle. As such they offer limited opportunity for growth and require minimal new investment.

Start-up businesses typically work with a limited cash reserve. As an initial step in your planning process, prepare a cash flow projection for the purpose of finding the point at which the business will reach a “breakeven” point” and subsequently begin to generate a positive cash flow. Despite the amount of research carried out by entrepreneurs, often revenue projections are overly optimistic and operating costs underestimated.

Many clients approach SCORE with ideas derived from established hobbies. Before investing large amounts of time and money to launch a new business the owner needs to consider whether It’s a realistic business opportunity or an expanded hobby.

Thinking of starting a business? Maybe you want to own a food truck. Maybe you want to sell products on the Internet. Maybe you have an opportunity to buy an existing business. Well, no matter what your business idea or ambition may be, you need a “BAIL” Team to help you be successful.

Many people tell you that entrepreneurship is not for the faint at heart. And many people going into business wonder why. Well, it’s because stepping into your dreams takes courage. Courage lies at the very seat of your soul.

The social scene is back! As the holiday season approaches, it’s easy to get overwhelmed with the influx of social and networking events available to our small business community. As a business owner, how do you effectively run your business while efficiently managing your time?

Welcome to Savannah SCORE! As the newly appointed Chapter Chair, it is a great privilege to lead our team of expert volunteers. Our number one goal is to inspire and assist the small business community that makes Savannah so unique. Over the coming months, you will notice a few enhancements to our local chapter including a new website, highlighting our local clients and mentor team; refreshed education programs that are relevant to today's business community; and an inclusive approach to ensure that our team accurately represents the entire local business community.

To help you best support Black-owned businesses, we asked Black business owners and leaders this question for their best recommendations. From promoting Black-owned businesses on social media to providing Black founders with more access to funding, several recommendations may help you offer the best support to Black-owned businesses as you celebrate National Black Business Month.

To help you develop the best habits for success as an entrepreneur, we asked successful entrepreneurs and business owners this question for their best insights. From learning to make quick decisions to demonstrating moral courage, several habits are considered important in making entrepreneurs successful.

If the past few years have taught small business owners anything, it’s the unpredictability of life. Assuming that your SMB weathered the pandemic, you are understandably concerned about shoring things up ahead of the next crisis. If you’re starting your own company, you’ll want to adopt a few tried-and-true practices to guard against the unexpected.

According to Business Jargons, an online business encyclopedia, it’s often harder to start a business in rural areas, due to several factors, including a lack of technical know-how and training. But the encyclopedia also points out that several businesses are particularly well-suited for those living in rural America.

Data security is a serious and ever-growing issue for businesses big and small (not to mention the affected consumers). Threats such as data breaches, identity theft and fraud, and large-scale credit card leaks are never far from the latest business news.