Start Up Capital - SCORE

Individuals looking to obtain startup capital for a new business venture need to explore all the options and possibilities for sources of funds. The Service Corp of Retired Executives (also called SCORE) can be an invaluable resource. SCORE is formed of retired business owners who donate their time and experience free of charge to help small businesses through the entire life cycle.

While SCORE does not lend money directly, their advice and industry connections can help you to secure financing in amounts that you never dreamed were possible. You can secure a SCORE counselor in the very early stages of business formation, before the company ever comes into existence. When you contact SCORE, you will be asked a few questions. The answers to your questions are then used to provide you with a list of volunteers whose expertise closely matches your needs. You are then invited to read the volunteers' bios, and choose your own counselor. Many entrepreneurs develop a close relationship with their counselors, and maintain the relationship throughout the life cycle of the business. However, as your needs change, you are welcome to change counselors as well. 

You SCORE counselor can advise you on the best organizational structure for your company, from a sole proprietorship to a corporation. He or she can assist you in writing your business plan, and even teach you to write targeted variations for different audiences. SCORE counselors are hand-picked from the very best in their respective industries, so all have industry connections that are top-notch. Your counselor can put you in touch with the key people in your industry, or help you find the perfect investor.

SCORE has amassed an impressive list of partnerships and alliances. Though SCORE does not lend money directly, many of their partners do. A recommendation from SCORE could be the edge you need to secure a loan or grant. Other partnerships provide learning materials and even free software to those seeking guidance from SCORE.

The Service Corps of Retired Executives exists solely to assist the next generation of entrepreneurs. Personal attention from your assigned counselor, combined with a vast array of tools, services, and partnerships, can provide your business with the best possible beginnings. Although SCORE serves small businesses at all points in their life cycle, it is generally best to contact them at or near the beginning of your company's life. Utilizing their expertise in such difficult matters as writing your business plan can help to ensure that your company starts out strong and remains that way.

When you have a great idea for a new business venture, and want to sell your product or service to consumers, having the right knowledge to start your small business is important. Finding information on possible investors and funding sources will help raise the start-up capital you need or write a flawless business plan that will help procure loans or donations. Check out this link for more information on starting up a small business: Home Business

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