Welcome to the SCORE Small Business Success Blog, where small business experts and mentors share tips, discuss trends, and provide advice on a wide range of topics affecting entrepreneurs in every industry.

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Should I Form A Corporation Or An LLC? What's The Point? by Bill Ferguson

Article Language: English
April 14, 2021

If the legal protection of the two types of these business entities is almost the same, which is better, corporation or LLC? Most of the time, the simple answer is this – an LLC is better. It’s simpler to form and it allows for the most favorable tax elections.

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Mission Statements - Who Needs Them? by Kenneth Wundrow

Article Language: English
April 14, 2021

Businesses need mission statements to tell the public and especially their customers what it is the business does.

Blog

To Be (Self-Employed ) or Not To Be by Bill Ferguson

Article Language: English
February 22, 2021

It takes more than a better mousetrap to be successful in business. The purpose here is to tell you what you need to be successful, in addition to the better mousetrap.

Blog

Lean Manufacturing Tools by Nick Cray

Article Language: English
December 16, 2020

One of the early-developed lean tools, developed in the 1930’s, is The 5 Whys. It is a problem-solving technique developed by the founder of Toyota Industries Corporation, Sakichi Toyoda. It's also useful for solving your business problems, regardless of your industry.

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It's As Simple As Asking a Question by Kathleen Paris

Article Language: English
December 3, 2020

I have had an exciting, intense and wonderful career as a management consultant and have worked with organizations around the world. I have worked with groups trying to chart their future, groups that were stuck trying to get to the future, groups that were locked in conflict, and all kinds of situations in between.

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Budgeting for Next Year by Bill Ferguson

Article Language: English
October 26, 2020

Companies using a calendar year to do their financial statements need to take this time of the year to do budgeting for next year. Budgeting? Why would a company need that? Just do their thing – sell and hope for the best? That’s NOT a good way to run a company. Not good at all. All the big corporations budget everything – sales, expenses by category, cash flow, etc, etc. And, they do it on a quarterly basis. Why? One, they want a target that they believe they need to hit and so they then plan what they must do to hit that target. And, secondly, they use it for accountability – to measure the performance of each subsidiary or department that fed their budgets into the overall budget. Planning and accountability.

Blog

Validating a Local B2C Business Idea

Article Language: English
June 21, 2019

If you don’t have customers, you don’t have a business.  First things first, who’s going to buy what you’re selling?  And why buy your product, or service, instead of the competitions?

Blog

8 Ways To Support Hispanic-Owned Businesses

Article Language: English
September 16, 2021,

To help you with ideas to advocate for Hispanic-owned businesses, we asked business professionals and executives this question for their best suggestions.

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Starting Up with the Right Business Structure

Article Language: English
September 15, 2021,

Choosing your business structure is particularly important for Hispanic entrepreneurs and business owners.

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Lanza tu negocio bajo la estructura correcta

Idioma del recurso: Español
September 15, 2021,

Lanzar y desarrollar una empresa es un reto para cualquiera. Muchos empresarios nuevos desconocen los pasos para incorporar sus empresas, obtener un número de contribuyente fiscal (Tax ID en inglés), o abrir una cuenta bancaria empresarial

Blog

Small Business Outlook

Article Language: English
September 14, 2021,

Review a selection of current surveys and reports on the state of small businesses today.

Blog

5 COVID-19 Evolved Business Strategies

Article Language: English
September 10, 2021,

All businesses have been impacted by the Covid-19 pandemic. How can you adjust your operation to thrive during lockdowns, stay open for customers, and keep staff engaged? 

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