Category Archives: Mentor

SCORE Maine Resources for Small Business Owners

Since 1964, more than 10 million entrepreneurs across the United States have launched their companies and overcome challenges with the help of SCORE’s free guidance and resources. Yet everyday, we receive calls and emails asking what we do, how to access our services, and if our services are really free (yes, they are). Read on to learn how SCORE can help you achieve your small business goals.

 SCORE can help you with:

  • Determining the steps that need to be taken to launch a business
  • Developing a business plan
  • Creating a marketing plan
  • Making realistic financial projections
  • Understanding the basic elements of accounting and bookkeeping
  • Understanding the basics about different business entity types
  • Identifying funding options to start or grow a business
  • Conducting industry research
  • Analyzing the competition
  • Identifying a business’s target market
  • Developing product pricing
  • Navigating hiring and human resources challenges
  • Managing vendor relationships

SCORE Maine Services and Resources – How can we help you?

Mentoring

The cornerstone of SCORE’s services is our free business mentoring. SCORE volunteers have experience and expertise in all aspects of starting and running a business. No matter where you are in your entrepreneurial journey, what type of industry you’re in, or what obstacles you’re facing, we have mentors who have the knowledge and connections to assist you in moving forward.

Workshops

We regularly hold workshops on a variety of topics of interest to new and existing business owners. They serve as valuable, interactive opportunities to boost your business acumen and connect you with other entrepreneurs in your community.

Articles, eGuides, and More

Our library of blog posts, checklists, infographics, videos, podcasts, and other resources offer diverse ways for you to gain knowledge about business planning, marketing, sales, funding, accounting, operations, and the many other essential aspects involved in successfully launching and running a business.

Templates

We help you save time and effort by providing templates to help you as you tackle:

  • Developing a business plan
  • Forecasting revenue and expenses
  • Settting prices for your product and services
  • Writing operating agreements

Get Started. Get Growing.

Contact us for more information about how SCORE’s services and resources can help you make your entrepreneurial dreams a reality. Whether you’re just beginning to explore a business idea or have an existing company that you want to take to the next level, we’re here to offer insight and direction!

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Four Benefits of Being a SCORE Volunteer

With April’s status as National Volunteer Month, what better time to show appreciation for the contributions SCORE volunteers make to the business community? At SCORE Portland, our team of more than 60 certified volunteer mentors has counseled and provided small business advice to thousands of entrepreneurs who wanted to start a business or had a business challenge to overcome.

Through sharing their expertise, experience, and guidance, SCORE’s volunteers assist local businesses as they prepare to launch and grow. Not only are our volunteers an invaluable resource for current and aspiring entrepreneurs, but they learn and grow as well! Here are just a few benefits of becoming a SCORE volunteer:

 

  • Hone your leadership skills.

Through providing guidance and feedback to SCORE clients and serving in leadership roles, you strengthen your skills and community connections.

 

  • Fine-tune your business acumen.

As you work with clients and other SCORE mentors, you develop your collaboration and communication skills. You also increase your knowledge about varied aspects of starting and operating businesses in a variety of industries.  Life long learners will enjoy the constant stimulation.

 

  • Connect more extensively with the business community.

Volunteering with SCORE opens the door to meeting a wide variety of local entrepreneurs, community  leaders, public officials, and other organizations who share the mission of providing resources to the small business community. You never know where those connections can lead!

 

  • Learn new technology tools and apps.

Depending on your involvement in SCORE, you could learn to use (or boost your proficiency at using) new software, App’s and other technology tools.

All of these opportunities to add to and improve your knowledge and skills can give you an advantage not only from a volunteer standpoint, but in your own professional pursuits.

 

Want to be a SCORE Volunteer? Here’s How!

If you’re ready to help your community thrive and learn new skills, consider volunteering with SCORE Maine or your local SCORE chapter.

At  SCORE Maine, we are always seeking qualified individuals who can serve as mentors (in-person or virtual) and/or lead SCORE workshops. What makes a great mentor? We look for individuals with professional knowledge, skills, and experience (either as business owners or working for others) that can be applied in helping startup and established entrepreneurs.  Social EQ required.

If that sounds like you, please contact us to apply. We would love to talk with you about how your business insight can help others succeed and grow.

Eight Ways SCORE Can Help You Succeed in the New Year

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Whether your New Year’s resolution is starting a new business or you want to grow your existing one in 2017, you’re smart to seek expert guidance and resources that can help you. That’s exactly where SCORE , a national non-profit offering free, confidential mentoring and business education comes in.

 

For more than 50 years, SCORE has helped entrepreneurs like you navigate the challenges of launching and building their businesses.

 

As a local chapter, we at SCORE Portland Maine find that not all small business owners in our community are aware of how we can help fuel their success. You might say one of our New Year’s resolutions is to change that!

 

SCORE Portland Maine’s services include:

 

  • FREE mentoring – That’s right. For absolutely no charge, you can consult our mentors for as many sessions and for as long as you feel you need to. Our volunteers come from diverse professional backgrounds and collectively have knowledge and expertise in every aspect of starting and managing a business. You can meet with mentors in person, by phone, by video call or receive counciling via email.

 

  • FREE Workshops – We offer several workshops to guide you through the steps of starting a business and help you learn how to more effectively run a business. From digital marketing to financial projections, our workshops offer something for everyone.

 

How can SCORE services help your small business succeed in 2017?

 

  • You can share your business concept with a trustworthy, objective third party who can help you see if your idea is viable.

 

  • You can learn how to develop a business plan to guide your efforts.

 

  • You can get valuable input and feedback to help you make smarter business decisions.

 

  • You can learn about best and worst entrepreneurial practices, which can help set you on the right path and avoid disaster.

 

  • You can access small business resources recommended to you by your mentor.

 

  • You can gain an understanding of how financial reports work and how they measure the health of your business.

 

  • You can learn about tried-and-true and cutting-edge marketing and advertising tools and tactics to generate leads and boost sales.

 

  • You can learn management and leadership skills from experienced professionals.

 

  • You can count on getting a realistic picture of the benefits and challenges of entrepreneurship. SCORE mentors are honest and won’t sugarcoat the hard work it requires to build a sustainable business.

 

Ready to get your New Year off to a stellar start?

Contact us and set up an appointment with a SCORE Portland Maine mentor. And don’t forget to check out our upcoming workshop offerings. Whether you’re in the beginning stages of exploring entrepreneurship or you have an existing small business you want to take to the next level, we’re committed to helping you succeed.

Professional Development Benefits Your Business

Whether you’re a brand new entrepreneur or a small business owner who has been in business for years, expanding your knowledge and fine-tuning your skillsets are crucial for sustained success.

Professional development never goes out of style, and if you make it a priority, it can set your business apart from your competitors. Dedicating time and energy on a continual basis to honing your talents and learning new things will show your customers that:

  • You’re dedicated to providing them with the best products and services.
  • You can provide them with more value than your competition can.
  • You have a grasp on the bigger picture and are better able to propose solutions.
  • You’re worth every penny they’re paying you.

Finding Opportunities For Professional Development Isn’t Difficult. Finding Discipline To Follow Through With Professional Development Can Be.

As you explore how you might boost your knowledge and improve your skills, consider these effective and affordable options:

  • Reputable industry or topical blogs—Look for blogs that specifically address topics related to your types of products and services and for those about managing a business.
  • E-books—Ditto on what we said about blogs.
  • Business podcasts—With a vast selection of podcasts about leadership, marketing, business, and industry trends out there, you have plenty of options. To stay productive when you sit down to listen, consider hitting “play” while you’re taking care of “no brainer” busy work.
  • SBA online training center courses—In addition to a wealth of informative articles, the SBA also offers a number of free online courses to guide you through different aspects of starting and managing a business.
  • Local lunch & learns, seminars, etc.—Chambers of commerce often offer these types of programs to help their members manage their businesses better. They also provide the opportunity to network with other professionals in the community.

To make the most out of any of the above professional development tools, also consider signing up for free face-to-face or email mentoring with certified SCORE mentors. They have knowledge of and experience in every aspect of starting and running a business, so they’re well equipped to guide you as you navigate the opportunities and challenges of entrepreneurship.

Ready to get your small business off the ground or take it to the next level? Contact us to get started!

7 Tips for Getting the Most from Mentoring

Working with a SCORE mentor can help you as you navigate the path of starting, managing, and growing a business. Mentors provide guidance, align you with resources, and share expertise in every aspect involved in entrepreneurship.

You get a lot of  engagement,  but to really benefit from your mentoring relationship you need to put effort into preparation for your meeting.

According to SCORE Maine Certified Mentor Bill Goodspeed, SCORE clients can get the most from working with a mentor by coming prepared and considering seven key activities.

  1. A concise description of your business or business idea.

Goodspeed says to include a concise statement of how you will add value. This is called a “value proposition” and is an important lynchpin for both communications with your mentor and the building of a business plan.

“Whether in a new business or existing business, I always say, ‘Genius is making the complex simple.’ It’s also critical for customer understanding and brand consistency and development.”

  1. Focus is everything..

“Many new clients are so passionate about their industry or idea that they try to do everything possible with the business,” explains Goodspeed. “Dilution can be death in business.”

He suggests to instead concentrate on the key elements and critical value proposition of the business. You have limited time and resources—so it’s important to use them wisely by retaining focus on what matters most.

  1. There is a time and place for giving back.

Many clients are extremely passionate about their communities and want to start giving back right away.

“While this is admirable, it is premature,” shares Goodspeed. “The best way to give back to a community is to make your business successful first.”

He advises putting your resources and energy into creating valuable products and services, which will translate into creating jobs and markets for suppliers.

“Once you are successful, you can contribute more to the community through various programs. However, it’s better to wait until you are successful.”

4.  Give your mentor(s) an opportunity to ask clarifying questions.

After you’ve provided information about your business and idea, your mentor will ask you questions to hone in on opportunities and issues, some you may no  have considered. This is an important step because it allows you to consider  new frameworks and/or possibilities for growth and improvement.

“Later, ask your questions and don’t be shy about it,” says Goodspeed.

  1. Be clear about what follow up work you should do as a result of the meeting and before the next session.

You will get a lot more out of your time with your SCORE mentor if you check your understanding about any action items you need to accomplish between meetings.

  1. Plan ahead and schedule the next meeting.

Goodspeed suggests scheduling a follow-up meeting on the spot before you finish your current meeting          with your mentor. “I recommend planning to meet again between three to four weeks out, depending on        the work that needs to be done in the interim.”

  1. Give plenty of advance notice if you need to reschedule a mentoring session.

“Mentors often travel to the SCORE office (or other meeting place that you’ve agreed upon) for the sole purpose of meeting with you,” explains Goodspeed.

To ensure your meeting can be rescheduled as soon as possible—and to respect your mentor’s time—communicate with your mentor immediately when you know you won’t be able to attend a scheduled session.

By following Goodspeed’s seven simple tips, you can make sure you’re getting the most from the time and expertise that SCORE mentors provide. A little preparation and focus will go a long way in ensuring you benefit fully from the insight and resources available from your SCORE mentor.

If you haven’t yet taken advantage of SCORE Maine’s free, confidential mentoring services, contact us for an appointment!

 

About Bill Goodspeed, SCORE Portland, Maine Mentor

William Goodspeed has been a SCORE mentor since spring of 2014. He is an expert in family-owned businesses, having considerable experience as family member, executive in family businesses, board member, and next generation developer. He is a fourth-generation member of the Huber family, which owns the J.M. Huber Corporation, a large international family company founded in 1883. Mr. Goodspeed serves on the board of Huber, as well as the boards of four other family-owned companies and on the Huber Family Education & Development Committee, whose mission is to develop fifth-generation Hubers for future roles as board members, executives and educated shareholders.

To devote time to family business, Mr. Goodspeed retired as Corporate Vice President of IDEXX Laboratories, a $1.2 billion worldwide leader in animal diagnostics and water testing. At IDEXX, Mr. Goodspeed managed three businesses: Livestock and Poultry Diagnostics, the world leader in farm animal diagnostics; Water, the world leader in testing for microbial contamination; and Dairy, the second largest producer of milk contamination tests.

Before IDEXX, Mr. Goodspeed held several positions in the J.M. Huber Corporation: Sector CEO of Natural Resources (Timber and Oil & Gas); President of Huber Wood Products (Engineered Woods and Timber). He joined Huber in 1994 as the Vice President of Strategy and Business Development.

Before Huber, Mr. Goodspeed was Executive Vice President of Pasona International, the international arm of Japan’s Pasona Group, then the largest human resource staffing firm in Japan.

Mr. Goodspeed was also a management consultant at McKinsey & Company and an attorney. He received a J.D. from the University of Michigan and a B.A. from Dartmouth College.