Category Archives: Business Plan

How big do you really want to grow your business?

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

Are you a military Veteran and thinking about owning your own business?

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

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 »

Access Financing

Access Financing
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

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 »

Find Opportunities

Find Opportunities
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

Simple Steps for Starting Your Business

Free Workbook and Online Workshop Series

Simple Steps for Starting Your BusinessMake 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

Download the Guide (here)


Continue reading

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

9 tips for opening a food truck business.

From big cities to small towns and burgers to bánh mì, food trucks are becoming mainstream. According to National Restaurant Association’s 2016 Restaurant Industry Forecast, roughly two in five restaurant operators believe food trucks will become more popular within their segment.

Here are nine tips for potential food truck operators:

  • How to find your food truck. You can get a food truck for as little as $25,000 and for as much as $125,000. But don’t cut corners on your build, says Chris Johnston, owner and founder of Cheesie’s Pub & Grub and food truck in Chicago. It’s the only chance you have to create an efficient mobile unit for your business. To search for secondhand trucks, connect with the local food truck community, contact any company that has a fleet of used box trucks (such as FedEx, UPS, bread companies), or search eBay. A diesel truck may save on gas prices, so familiarize yourself with its engine and parts so you can save money by fixing small problems yourself.  Continue reading