SCORE provides FREE on-line and face to face counseling, mentoring, training, business and advice for small businesses just starting out or experiencing business growth.
Planning gets you out of “reactive mode”. Many small business owners think the path to success is doing one thing, then doing more of it. But you can’t make sales if there’s no market to sell to. That’s why you need to continually be aware of things that can affect your business - both threats and opportunities.
What is the key to designing jobs and responsibilities that will best meet the needs of your business?
Make a list of your needs and priorities and see which ones can be grouped together.
The wealth of information that is available for an entrepreneur is phenomenal!
I have personally attended many “FREE” or low cost classes to further my knowledge so I could do a better job.
Expert Advice from Rhonda Adams, Founder and CEO, “The Planning Shop”:
How often should an entrepreneur review and update his/her business plan, and what areas should be watched most closely?
Conduct a regular annual review. This doesn’t need to be overly extensive - look for changes in your target market, areas that may need to be reprioritized, and ways to improve the efficiency of your operations.
Why should “EVERY” small business owner, even those that are doing quite well, commit to short and long-term planning?
A common mistake is to have one person do multiple things that actually require differing skill sets and personality types.
By having a clear idea of what you want the person to do, you’re more likely to attract applicants who fit those needs. And you may find the best answer is to go with part-time employees or consultants.
What is the most valuable insight a SCORE small business mentor can offer to an entrepreneur as he/she develops their business?
A SCORE mentor fills an important role as supporter and encourager. People often doubt what they can learn and do.
You need someone who can provide expert guidance, and show that success is possible if you choose the right business, critically evaluate the competition, plan carefully, and follow good business management practices.
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