Should you perform a SWOT analysis regularly? This planning technique can help you identify what your business is doing well and what it needs to improve. Read more
Navigating the various certifications available to small businesses can be overwhelming. In this virtual lunch and learn, Certified SCORE Mentor, DeLisa Clift will give you a... Read more
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.
In celebration of National Women’s Small Business Month, we have invited business owners and SCORE mentors to share their journeys and answer your questions. Read more
As an entrepreneur, you put your heart and soul into making your business a success. So, ensuring your business is protected against the unexpected makes sense. That's where business insurance comes in. This article will help you understand the different kinds of insurance you can purchase and how they can help you mitigate risks.
In this webinar, our expert presenter will look at past recessions to determine business trends, types, and models best suited to resist future economic downturns. Read more
Starting a business in the next 12 months is a smart move, despite fears of a recession or inflation. Read this blog by small business expert Rieva Lesonsky to learn why.
What do you do when your business takes over your time and money? In this webinar, you will learn how to make your business work for you. Read more