Category Archives: Startups

starting-a-business

So You Want to Start Your Own Business

starting-a-business

So you have decided to start your own business. You have made the leap to become your own boss and to put your business ideas in motion. That is wonderful news, but you are probably feeling a bit overwhelmed at tackling this new adventure in your life. Maybe you feel you lack the basic business knowledge to get you started and to sustain your business, or maybe you have some business knowledge, but just need a support system to fall back on and to boost … 
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Man writing his business plan

Comprehensive Business Plan Outline

Man writing his business plan

Comprehensive Business Plan Outline Your Company’s Name, Address, Phone, Fax, email, and web site address. Owners or owners-to-be Prepared by List contact information for someone to answer questions about the plan. Personalize where submitted to a prospective stakeholder. I.  Non-Disclosure Agreement (where appropriate) II.  Table of Contents III.  Executive Summary This is a one to three page highlight of the business concept • Demonstrate management expertise, and market potential • Provide sales and profit forecast and financing needed IV.  Operations Plan Business Concept Type and … 
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Cincinnati Entrepreneurial Support

Small business owners who receive three or more hours of mentoring report higher revenues and increased growth, and SCORE is America’s premier source of free, confidential business advice. In addition to the one-on-one mentoring and coaching the SCORE organization offers, and team/group counseling sessions for local entrepreneurs in the Tristate area, SCORE partners with numerous organizations in the community to provide additional resources which impact entrepreneurial growth. This blog will focus on three SCORE partners that help entrepreneurs start and grow their businesses. These additional … 
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Selecting a PR/Marketing Agency

While Public Relations and Marketing are two separate functions, they share many of the same considerations when selecting an agency for your company. After discussing these considerations we will consider what is unique to each function. Base the decision on value Make a decision about your agency based on the value it can deliver, not on price alone. A good agency will match the best mix of activities against your budget to maximize the results. Is the prospective agency interested in your company? A strong … 
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DelishDishCOY

Covington Catering Company Owner Named SCORE Client of the Year

DelishDishCOY

      Contact: Melinda Zemper                                                                                                              Sept. 26, 2016 Email: mzemper@fuse.net Phone: (513) 706-3737   Covington Catering Company Owner Named SCORE Client of the Year The Delish Dish catering firm and … 
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FINANCIAL EVALUATION OF FRANCHISE INVESTMENTS

Investing in a franchise is basically the same as buying any business. The financial aspects are covered in the SCORE Brief Buying a Business. In addition, however, an important aspect of buying a franchise is evaluating the investment consequences from the franchisee’s viewpoint; the discussion below outlines a method for such an evaluation. 1. Determine the cost of the franchise privilege: What is the total franchise package price? $___________ Estimate the value of all tangible items furnished in the package: Merchandise or inventory $___________ Equipment … 
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Pricing Procedures for Retail

PRICING PROCEDURES FOR RETAIL When your company purchases and sells a product, the revenues derived from sales of the product will directly affect the success of your business. Though pricing strategy and computations can be complex, the basic rules of pricing are straightforward. Prices must cover all costs. See SCORE Brief 4.05, Profit and Loss (P&L) Statement. The most effective way to retain or improve the profit margin is to reduce fixed and variable costs, and adjust price as necessary. Prices may need to be … 
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Incorporation In Ohio

INCORPORATION IN OHIO The corporation laws of Ohio are prescribed by statute in Title 17 of the Ohio Revised Code. In accordance with the statute, persons desiring to organize and operate as a corporation in Ohio must file certain documents granting the authority to operate as a corporation. This filing is done with the Ohio Secretary of State 180 E. Broad Street, Suite 103 Columbus, Ohio 43215 A good starting point is: Ohio 1st Stop: http://business.ohio.gov/starting/ The 1st Stop Business Connection is one of the … 
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Start-up Costs of Going into Business

Start-Up Costs of Going into Business When starting a business, you need to plan for your initial costs and understand their taxation. The following list includes typical amortizable start-up costs involved in starting a business. Pre-Opening Salaries and Wages – including instructors/trainees Prepaid Insurance Premiums – learn more at SCORE Business Brief 09.00 Inventory Legal and Accounting Fees Rent Deposits Utility Deposits Supplies Advertising and Promotions – brochures, business cards, flyers, newspaper ads, etc. Licenses – permits – inspections – learn more at SCORE Business … 
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Four Biggest Myths about Websites

This brief explores the pros and cons of the Four biggest myths held by business owners about web sites.  I can’t do a web site myself. Yes you can by using a “site builder kit” like Wix.com Not if you want a site to perform custom functions. Kit sites either simply can’t be or are very poorly optimized for search engines. Web sites are expensive to develop. No they are not. They cost from $0 to $100 per month including development, hosting, and monthly maintenance. … 
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