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ABOUT SCORE

ABOUT SCORE. SCORE - Service Corps of Retired Executives Volunteer group works with SBA as counselors to America’s small business www.scorehouston.org , provides much useful information for small business 713-773-6565. SCORE Services. Seminars and Workshops

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ABOUT SCORE

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  1. ABOUT SCORE • SCORE - Service Corps of Retired Executives • Volunteer group works with SBA as counselors to America’s small business • www.scorehouston.org, provides much useful information for small business • 713-773-6565

  2. SCORE Services • Seminars and Workshops • Free counseling face to face • Smart squad • Speakers’ bureau • Email counseling • www.scorehouston.org

  3. Counseling Locations • 8701 S. Gessner #1200 (77074) • Palm Center 5530 Griggs Rd. (77021) • One Stop Business Center at City Hall Annex 900 Bagby St. (77002) • Montgomery County – 1110 North Loop West (77301) • Humble - 110 West Main Street (77338) • Pearland – 6111 Broadway Street (77581) • Houston West Chamber- 10370 Richmond Ave (77042) • Katy Area Chamber- 23501 Cinco Ranch Blvd (77094) • Northwest Chamber-14511 Falling Creek Dr (77014)

  4. Seminar Agenda • Personal Factors / Management • Business Opportunities • Marketing • Organization, Insurance, Regulations • Requirements & Sources of Capital • Cash Flow Management • Business Plans

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

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

  7. Business Plan Importance Forces an objective view Forces planning Powerful management tool Communicates owner’s ideas

  8. Business Plan Contents Cover Table Of Contents Executive Summary Section One: The Business Section Two: Financial Forecasts Section Three: Supporting Data

  9. Executive Summaryor Statement Of Purpose • Brief description of the business • How much money will you need? • How will the money be used? • Will you seek a loan or investors? • A. When will you repay the loan? or • B. When can investors see a return on their investment?

  10. Section 1: The Business • Description of the business • Product or service • Market for the product / service • Location of the business • Competition • Management and personnel • Use of new funds

  11. Section 2: Financial Forecasts • Assumptions supporting forecasts • Capital equipment list in detail • Income and expense forecasts • Assets, liabilities & equity forecasts • Sources & applications of funds (cash flow) • Break-even calculation • Historical records (incl. Variation analysis)

  12. Supporting Data(Appendix A) • Resumes and job descriptions • Quotes and purchase estimates • Letters of intent • Space lease agreements • Buy/sell agreements • Other legal documents • Census/demographic data • Other relevant data

  13. SCORE Startup kitwww.scorehouston.org • Template gallery • Startup business • Existing business • Competitive Analysis worksheet • Typical costs and ratios for your business • Research resources • Demographics by zip code

  14. WorkshopsPalm Center 5330 Griggs Rd. • Business plans • Low cost marketing • Managing your money

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