SCORE FOR THE LIFE OF YOUR BUSINESS Service Corp of Retired Executives Resource partner of the Small Business Administration

Small Business Administration S.B.A. Founded 1953 Founded 1953 To aid, counsel, assist and protect interest To aid, counsel, assist and protect interest of small business Originally made small loans Originally made small loans Still makes disaster loans Still makes disaster loans Guarantee loan program Guarantee loan program 85% Loans up to 150k 75% Loans fro 150K to 2000K

Loans Micro Up to 50K Community Express 7A Working capital up to 5000K 504 Capital investment Cap Line short term Export

Funding Start up Start up Family, friends, savings, credit cards lottery Established business Established business Lending institutions 5 C’s Character, Collateral, Capacity, Capital and Conditions

SCORE National Founded 1964 Founded Chapters 364 Chapters 13,000 Volunteers 13,000 Volunteers A non profit association dedicated to educating entrepreneurs in the formation, growth and success of small business nation wide.

SCORE Houston Volunteers 75+ Volunteers With real life experiences Half Entrepreneurs Half Entrepreneurs Half from industry Half from industry Not all retired Not all retired Extensive backgrounds and expertise Extensive backgrounds and expertise

SCORE Our mantra is that we Educate Educate Counsel Counsel Mentor Mentor

We Educate Seminar Seminar Workshops Workshops –Business planning –Marketing –Money Management Speaker’s bureau Speaker’s bureau

We Counsel Free and confidential We Counsel Free and confidential In Person In Person 8701 S Gessner 10 other locations E Mail E Mail

We Mentor Smart Squad Smart Squad In our office In our office At your site At your site

Why help Small business ? 50% of private sector employers 50% of private sector employers Most first time employees Most first time employees 45% of private payroll 45% of private payroll 60-80% net new jobs 60-80% net new jobs 97% exporters 97% exporters Majority of innovations and patents Majority of innovations and patents 27 million small businesses 27 million small businesses

Business Survival 2 year survival 66% 2 year survival 66% 4 year survival 44% 4 year survival 44% 7 year survival 31% 7 year survival 31% With planning and counseling chances for success are increased

Entrepreneurs When big business has down turn When big business has down turn They lay off people When small business has a down turn When small business has a down turn They innovate and work harder

Personal factor for success Are you a self starter? Are you a self starter? Are you a leader? Are you a leader? Can you accept responsibility? Can you accept responsibility? Are you a good organizer? Are you a good organizer? Are you a hard worker? Are you a hard worker? Is your family supportive. Is your family supportive.

Ways to start Start a new business Start a new business Buy an existing business Buy an existing business Buy a franchise Buy a franchise Pros and cons of each Pros and cons of each Success rates Success rates

Factors for success Business plan Business plan Marketing plan Marketing plan Financial plan Financial plan Quality products and service Quality products and service Good advice Good advice SCORE can help

Business plan Needed for: LendersInvestorsYou

Marketing Must have customers to survive and prosper Must have customers to survive and prosper Know how to market on a limited budget Know how to market on a limited budget Know how and when to advertise Know how and when to advertise When business is good When business is bad Track results

Financials Must have good record keeping Must have good record keeping Income statement Income statement Cash flow projection Cash flow projection Balance sheet Balance sheet Amount needed to open door Amount needed to keep door open

Wrap up We educate We educate We counsel We counsel We mentor We mentor SCORE Houston 8701 S Gessner Suite 1200 Houston, Texas www.scorehouston.org

SCORE can help Counseling is free and confidential Counseling is free and confidential You can help You can helpVolunteerRecommend