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
by Kelly Deis of SoundPoint Consulting
Should you grow your business? It is a simple question with an assumed answer. The answer, of course, is YES! But, I am not sure it is quite so simple.
Before you invest your hard-earned money and time, think about what you want to accomplish and why. Then, carefully consider your options.
Decide to Grow
We have all heard horror stories of businesses that over-extended, only to lose it all. If your expansion strategy is not well conceived or executed, it could be a costly misadventure, both in terms of money and focus on the existing business.
If your business is well-established, has a loyal customer base, is reasonably protected from the competition, profitable and affords you the lifestyle you have sought (both in terms of discretionary income and time) then think hard before you take on an expansion strategy. Understand your goals – both financial and personal, before moving forward. Continue reading
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Writing a business plan can be daunting, but the Business Model Canvas makes the process easier.
In this webinar, SCORE mentor Marc Goldberg will explain the Business Model Canvas (BMC), a one-page document that allows you to test and validate the key parts of your business in a manageable format.
He will also offer tips on how to use the Business Model Canvas to develop a full business plan should you need one in the future.
Here are some tools that will make things a little easier.
The Veteran Entrepreneur Portal (VEP) is designed to save you time! BusinessUSA makes it easier for small businesses to access Federal services, regardless of its source. VA OSDBU quickly connects Veteran entrepreneurs to relevant ‘best-practices’ and information. Collectively, VEP offers direct access to the resources necessary to guide every step of entrepreneurship.
Start a Business
This interactive tool connects you to the right resources specific to your small business objective. Navigate through relevant topics to access information on starting a business.
Learn how to start a business »
Use this customized wizard to identify financing resources to support the start-up, development, or growth of your small business.
Learn about financial resources »
Grow Your Business
Find out how to successfully expand your small business. Explore dedicated subjects with valuable information and resources to help you grow your company.
Learn how to grow your business »
Become familiar with Federal government contracting programs. Answer a few quick questions in this wizard to find Federal opportunities that align with your small business.
Find Federal government contracting programs » Continue reading
Free Workbook and Online Workshop Series
Make a smart start on your business idea with the Simple Steps for Starting Your Business series by SCORE mentors, sponsored by Canon, U.S.A.
Watch the online workshop modules and download the free guide to get practical information and exercises that will help you determine whether starting a small business is right for you.
Take the Online Course
- Module 1: Startup Basics
- Module 2: Business Concept
- Module 3: Marketing Plan
- Module 4: Financial Projections
- Module 5: Funding Sources and Next Steps
Download the Guide (here)
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