SCORE Minnesota

SCORE Helps Create Jobs and Build Businesses

April 13, 2010

Why is small business such a big deal? According to Dr. Chad Moutray, Chief Economist for the Office of Advocacy, “Small business drives the American economy”.  If you doubt that, here are some statistics that might convince you:

• Half of all Americans work for a small business
• Small businesses make up 99.7% of all employers
• Small businesses create 60 to 80 percent of all new jobs
• Over 500,000 small businesses start-up with employees per year
• Home-based businesses account for 53% of all small businesses
• Small businesses create over 50% of nonfarm gross domestic product (GDP)
• Small businesses make up 97% of all exporters representing 29% of all export value

SCORE is a non-profit organization providing coaching, mentoring, and training for entrepreneurs and small business owners to help them start and grow profitable businesses. SCORE’s services, which are FREE, help create jobs and strengthen America’s economy. Best of all, any small business can afford SCORE’s services because most of them are FREE! You can learn more about SCORE by clicking here.

Last year, SCORE celebrated its 45^th anniversary. Since 1964, SCORE has helped more than 8.5 million aspiring entrepreneurs and small business owners through mentoring and workshops. More than 12,400 volunteer business counselors in 364 chapters serve their communities through entrepreneur education dedicated to the formation, growth and success of small businesses. Nearly 170,000 services were provided online in Fiscal year 2009.

On average, SCORE has a hand in creating 25,000 new jobs each year at a cost of $200 per job, according to an impact study by the U.S. Small Business Administration (SBA). The study indicates that one out of every seven face-to-face meetings between SCORE counselors and clients results in a new business.

Today, SCORE continues to innovate with online technology and resources for entrepreneurs and business owners. SCORE launched its first-ever online client community in 2009, thanks to PartnerUp, a Deluxe Company. The SCORE Online Community provides FREE access to SCORE business experts who are available to participate in discussions and answer questions.

According to Ken Yancey, CEO of SCORE, “SCORE helps small businesses set the stage for America’s economic growth with real world advice. Together with SCORE, entrepreneurs are charting a course for success through the recession.” Yancey adds, “Every day, SCORE mentors help small businesses identify opportunities for growth, maximize cash flow and plan for success. We aid America’s economic recovery by supporting the success of America’s small businesses with business mentoring.”

For more information on small business, click on these links:

Small Business Drives U.S. Economy
Small Business in the United States
Small Business Administration

To learn more about how to improve your small business contact SCORE by clicking the link on the right to the office nearest you or click here to request free face to face counseling.

Have you ever considered volunteering for SCORE? Our members help millions of new or existing small businesses succeed each year by sharing their knowledge and experience. Click here or the link on the right to the office nearest you to learn more.

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Filed under: Business Planning,Entrepreneurship,SBA,Start-Up

Tags: create jobs, economic growth, entrepreneur education, entrepreneurs, Entrepreneurship, Home-based businesses, mentoring, score, small business, small business administration, small business owners, U.S. Small Business Administration