Welcome to the SCORE Small Business Success Blog, where small business experts and mentors share tips, discuss trends, and provide advice on a wide range of topics affecting entrepreneurs in every industry.

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Cash Cow and Business Portfolio Health

Article Language: English
February 25, 2022

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.

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The Entrepreneur’s Critical First Twelve Months

Article Language: English
February 24, 2022

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.

Blog

Is it a business or a hobby?

Article Language: English
February 23, 2022

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.

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Starting A Business? You Need a “BAIL” Team

Article Language: English
January 24, 2022

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.

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Running with Courage by Zenetria Ward

Article Language: English
December 9, 2021,

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.

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Success Should Be Measured By The Balance of Life, Not By How Busy You Are

Article Language: English
November 9, 2021,

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?

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A Letter from the Chapter Chair

Article Language: English
October 1, 2021,

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.

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10 Ways To Celebrate National Black Business Month

Article Language: English
August 4, 2022,

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.

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12 Habits of Successful Entrepreneurs

Article Language: English
August 2, 2022,

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.

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How to Cover for Employees When They’re Gone for an Extended Period

Article Language: English
July 29, 2022,

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.

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The Dos and Don’ts of Turning Your Hobby Into a Business

Article Language: English
July 27, 2022,

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.

Blog

Businesses and Data Security Threats

Article Language: English
July 25, 2022,

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.

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