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Keeping SCORE: 10 ½ Million Entrepreneurs Served

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Keeping SCORE: 10 ½ Million Entrepreneurs Served

By Maria Contreras-Sweet, SBA Administrator
Published: August 14, 2014 Updated: August 14, 2014

For half a century, thousands of seasoned American executives and retired business owners have provided pro bono consulting services to 10 ½ million American entrepreneurs. These volunteers aren’t in it for money, fame or glory. They give back because they’ve accumulated a lifetime’s worth of expertise and have chosen to share what they’ve learned to give back to their community and their country.

Today, I had the chance to address the national conference of SCORE to celebrate the 50th anniversary of this exceptional corps of volunteer business mentors.

Nationwide, more than 11,000 SCORE mentors serve communities in every state in the union. One of my most important jobs as SBA Administrator is to spread the word that high-quality, free business consulting is available to assist new entrepreneurs who are starting up and existing small business owners who are scaling up.

The men and women of SCORE provide sage wisdom at every stage of the life cycle of a small business. They help with business plan writing and get their clients lender-ready to succeed in obtaining that all-important first loan. SCORE helps small businesses manage their revenue, handle their cash flow and market themselves to build their customer base.

Once entrepreneurs clear that make-or-break, two-year window that often determines whether their business will sink or swim, SCORE mentors help them staff up, expand their operations, secure government and corporate contracts, go global, and even devise an exit strategy once their dreams have been achieved.

SCORE mentors help truly small businesses that may not attract the attention of for-profit consultants. Whether it’s a sole proprietor daycare service – or a future powerhouse during its infancy, like Babies R’ Us – SCORE specializes in helping companies go from small to big.

As an entrepreneur myself, I know that being a small business owner can be a uniquely isolating and stressful experience. You’ve invested your heart, soul and savings in a dream (and often your friends’ and family members’ savings, too). It can weigh on you to have so many people counting on you, and SCORE mentors offer an ear to bend when this nation’s job creators are having those sleepless nights. They offer the comfort that only someone who has stood in their shoes can provide. The volunteers of SCORE share their successes and their failures, so the next generation can learn from their example.

Ten and a half million entrepreneurs strong owe these men and women their gratitude, and so do I. Happy golden anniversary SCORE. You’ve always been there for America’s entrepreneurs – for the life of their business.

About the Author:

Maria Contreras-Sweet

SBA Administrator

Maria Contreras-Sweet is the Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

Well its true that Non profit organizations like SCORE has genuinely helped almost every small entrepreneurs to rise & do well even under the current situation. Their gesture & expertise has really made them a worthy institute to get all sort of information & ideas.
thanks for sharing Elite Image Editor
As these kind of institute is helping & making the entrepuners informed about the current market trend, also showing them success ladder.
The men and women of SCORE is the hero and the dedication and thanks for your help for small businesses.
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What is the name of your company & where are you located?
Attended the SCORE conference but sorry missed your talk. Thanks for your dedication and help to small businesses.
thank for article
"These volunteers aren’t in it for money, fame or glory": it's wise to mention it because it means their advice are good, not biased by profit making potential. The men and women of SCORE are heroes.

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