Small Business Success Blog

When SCORE client Adrian Dragomir-Daescu from Rochester, Minnesota learned about the Ukraine invasion, he used his skills as a former military medic to help make an impact.

SWOT analysis will help you be ready and focused for any downturn in the economy.

What’s your bet on the economy? The economy is currently experiencing a lot of bumps in the road. The author identifies an approach to provide you with options to take for your business in this environment. These options are identified through looking at your business in the worst case and most likely case scenarios, and using your financial statements as a tool to help you develop a plan to execute the option you decide to go with. In the end, the author reinforces that SCORE is here to help you work through these unknowns and to help you and your business not only survive but also to thrive.

The SCORE Twin Cities Chapter has over 140 volunteers that have an ongoing commitment to extend free education and mentoring to all our business communities including women and people of color. SCORE Twin Cities is working with Minnesota Africans United (MAU) and Northside Economic Opportunity Network (NEON).

A new partnership with Minnesota Africans United (MAU) will focus on supporting the African immigrant community with their ambitions to start and own businesses and to improve trade between Minnesota and African countries.

The entrepreneurial spirit is alive and well in Southern Minnesota. Local volunteers in the area who recognize the power of storytelling are working to amplify the voices of minority and immigrant entrepreneurs. Through a forum called “Entrepreneurship for All” they hope to bring the Albert Lea, Faribault, Mankato and Owatonna community together through stories that promote and inspire mentorship. This effort is presented by SCORE South Central Minnesota Chapter #0710.

Now that most cities and states have lifted mask mandates and people are returning to their offices, women are buying more cosmetics. They are purchasing 70% more than they did pre-pandemic, according to the “Makeup Attitudes and Usage Report” from The NPD Group.

To help you best support Black-owned businesses, we asked Black business owners and leaders this question for their best recommendations. From promoting Black-owned businesses on social media to providing Black founders with more access to funding, several recommendations may help you offer the best support to Black-owned businesses as you celebrate National Black Business Month.

To help you develop the best habits for success as an entrepreneur, we asked successful entrepreneurs and business owners this question for their best insights. From learning to make quick decisions to demonstrating moral courage, several habits are considered important in making entrepreneurs successful.

If the past few years have taught small business owners anything, it’s the unpredictability of life. Assuming that your SMB weathered the pandemic, you are understandably concerned about shoring things up ahead of the next crisis. If you’re starting your own company, you’ll want to adopt a few tried-and-true practices to guard against the unexpected.