Category Archives: Business Basics

Ask SCORE | Should I run my small business from home?

Operating a business from home offers small business owners some significant advantages — and some disadvantages, too. Some entrepreneurs find running a home-based business works exceptionally well for them, while others do much better at a coworking space of in an office away their home. Consider the following pros and cons.  Continue reading

It’s time you learned about the art of referrals.

You have a business, but are people talking about it?

man holding card referralsWord-of-mouth is just as relevant today as it has ever been. When a business asks you to talk about how great they are on Facebook, Twitter, Instagram and so on, that’sword-of-mouth. When you provide good content that others can share, that is also word of mouth. Today, potential customers are more likely to pay attention to people they know and a large general following (e.g., Yelp) than if they see the same commentary in a company advertisement.

In fact, they’ll pay much more attention. The Word of Mouth Marketing Association published some research a couple years ago that found “the value of a word of mouth impression is from five to 100+ times more valuable than a paid media impression.”

You don’t have to spend all day convincing people to spread the word about your new business on social media.

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These templates will help you make financial projections.

These spreadsheets do a lot of the work for you.

Ask SCORE: How can I use the business model canvas?

methodology-b5e4177c0e51a4b1c552fbec08455ccd8643b8ac6fcced615e7b2452e4d5563bThe Business Model Canvas is an entrepreneurial tool that helps you visualize, design, and reinvent your business model. It was developed by Swiss business theorist and author Alexander Osterwalder.

For a startup, using the tool can help you develop a clear view of your value proposition, operations, customers, and finances. As an existing business owner, you can use it to identify how the different components of your business relate to each other.

It can help you decide where you need to focus your time and effort.  Continue reading

New sessions for Kitsap BE$T… Business Education Support & Training Program

Thinking of Starting or Expanding your Business? 

Kitsap’s BE$T (Business Education Support & Training) Program will help you learn the skills necessary to succeed!

KCR

  • Develop your Business Concept
  • Define and understand who your customer base is
  • Learn about money management and break even point
  • Study cash flow, pricing, taxes and financial statements
  • Design a marketing and sales plan
  • Develop your own business feasibility study
  • Obtain training and on-going support      

Free Winter Get Ready for Business Workshops & Orientations – Pick One! Continue reading

Your Budget: A Roadmap for 2017

by Kelly Deis of SoundPoint Consulting

It’s that time of year again. Most businesses are on a fiscal year which coincides with the calendar year. It is time to look back and reflect on 2016 as well as look forward and create the budget for 2017. 
A budget is a roadmap. Based on where you have been, it can help guide you to the desired final destination for year-end.
If you stay on the current course – where will you end up?  Alternatively, if you change the route – where will you be at the end of the year?  It is up to you to decide which path is the most profitable and most likely to be achieved.
Here are a few things to think about as you prepare your budget.

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Ask SCORE: How do I get a business license?

Kitsap County does not require business licenses but the cities of Port Orchard, Poulsbo, Bainbridge Island and Bremerton each have business license requirements.

NOTE: Businesses NOT physically located in the city, but still doing work there, are required to obtain a license for the city. Business should check to make sure their use is compliant with land use and zoning.

All business must apply for a Master Business License from the Washington State Department of Licensing, which registers the business with the state departments of Revenue, Licensing, Labor and Industries, Employment Security, Secretary of State, and the Washington State Department of Commerce.

A new corporation locating in the State of Washington must file for Articles of Incorporation with the Secretary of State‘s office, which will issue a UBI (Unified Business Identifier) number.