Advertisement

SCORE can help businesses weather current recession

December 11, 2009|By Robert A. "Bob" Poor

Q. Most of what I read about SCORE has to do with small business startups. We are a small, five-employee company in business a little more than two years. Can SCORE help us weather this current recession?

A. Absolutely. Call us at 301-739-2015 to register for a free counseling session with one of our small-business counselors. Help us understand the nature of the assistance you seek for the company. Our volunteer counselors are available to evaluate needs and provide guidance to assist with your specific business needs.

Or, if it's more convenient, go to our national Web site (www.score.org), where you will find articles, templates, podcasts, online counselors and workshops to meet the needs of entrepreneurs like you.

SCORE offers free eNewsletters full of information and advice to help you get through the recession. SCORE eNews provides tips, trends and small-business news. "Expert Answers" features questions and answers from a leading expert. Sign up at www.score.org and click on "Get eNewsletters."

Advertisement

Facing a recession is about facing down fear and focusing on the action steps to succeed. Small businesses that act now to cut costs, refocus their product mix and concentrate on marketing will be poised to succeed.

Now is the time to look for niche opportunities to grow your business and take prudent steps to keep the clients you have. No small business should have to face the recession alone. You can count on SCORE for confidential mentoring to plan a path for success.

One of the best ways for an entrepreneur to weather the recession is with a six-month plan that helps employees see how they can contribute to the company's success. When everyone is in it together, a team can help keep a company going strong and keep jobs here at home.

Businesses that find opportunities during a recession need a focused business plan, a solid cash flow plan and ongoing marketing strategies. Also, a business owner has a better chance at getting a loan, if needed, with a solid financial plan and a clear credit request.

If you have questions or need small business assistance, call SCORE at 301-739-2015. We are here to help.

Robert A. "Bob" Poor is a local small business owner/operator. He is a small-business counselor and a regular contributor to the Ask SCORE column. Questions may be e-mailed to him at r.poor@myactv.net or by mail in care of The Herald-Mail, P.O. Box 439, Hagerstown, MD 21741, ATTN: Ask SCORE column.

The Herald-Mail Articles
|
|
|