This workshop is ideal for both start up or existing businesses. We will discuss how to set up your company for financial success through profit planning. Read more
Don’t let any easing of COVID-19 pandemic lull us into a false sense that things are, in any way, back to normal. The pandemic is representative of a class of risk items that are very rare in their occurrence (low probability) but have catastrophic consequences (high impact). Here are some ideas of other such events that could catastrophically impact a business.
If you own a business or are considering starting a business of your own, the learning never ends. Here are my recommendations for must-reads. Whether you own a business, lead a business or plan to start a business, these are, in my view, the essentials:
Are you a current or retired business executive or small business owner? Do you have experience, wisdom, insights and expertise to share? Are you ready, willing and able to share elements of what made you successful with the next generation of small business owner and operator in southeastern Michigan? Then volunteering with SCORE just may be for you!
Armando Ojeda, Co-Chair of the Southeast Michigan chapter of SCORE, was recently interviewed by Lending Tree to provide expert analysis from a a mentor's point of view regarding the importance of small businesses—whether just starting up or reopening post-lockdown—doing thorough competitor analysis.
COVID-19 has driven us to use electronic media. Zoom usage has exploded. Unfortunately, many companies cannot even operate during this time. The smart ones are keeping their employees and customers informed using email, texts, social media, videos and phone calls.
The Southeast Michigan chapter of SCORE is working in collaboration with the City of Detroit and Techtown Detroit, among many others, on a project to get our community's local small businesses back to work post COVID-19, known as "Detroit Means Business," beginning with a workshop series this week.
Armando Ojeda, Chapter Co-Chair of SCORE of Southeast Michigan, was interviewed on Facebook Live for Rebound Detroit, an ongoing segment hosted by reporter Ameera David on Channel 7 Action News for WXYZ in Detroit. In the segment, Armando shared SCORE's perspective on PPP strategies as well as broader financing and business planning strategies.
Risk is made tangible by evaluating the likelihood of the risk and the severity of the consequences should it happen. For example, a pandemic is one of those things that seemed somewhat unlikely (we thought) but would have a catastrophic consequence on most every piece of our existence (proven in real-time).
Everybody is talking about “surviving the pandemic” and, "What will business be like in 'the new normal'?" What I’m not hearing enough of is, "How do I recreate my business to be stronger and more resilient, both now and well into the future?" A recommended checklist for those who have the fortitude to charge ahead despite the challenges before them.
SCORE partner NEI (the New Economy Initiative) has collaborated with Startup Space to launch a page connecting you to critical resources, programs and funding. Sign up to access a digital hub that brings all COVID-19 resources, such as links to grant and loan applications, best practices, and trusted information, under one platform.
SCORE of Southeast Michigan celebrates April as National Volunteer Month, with a tribute and thanks to our current certified volunteer mentors and a call for new mentor applications.