Connection That Works - October 26, 2016
On Wednesday, October 26th, Bahar Thompson, branch manager of SCORE Newburyport, presented at an entrepreneur forum -Connection That Works - in Amesbury Mass. The event was sponsored by First Ipswich Bank [ Lisa Shanko] and hosted by the Chestnut Innovation Center [Robert O'Brien] , a manufacturing incubator focused on providing an innovative approach to scaling up manufacturing businesses. Their 160k foot campus of Multi-use/tenant commercial space features flexible lease terms, support services and a collaborative work environment. Bahar’s talk highlighted the business mentoring process of SCORE, a partner of the Small Business Administration. Founded as a free business consultancy using successful retired executives, SCORE provides a structured approach to starting, growing and running a small business. SBA and Accion participated in the event too.
For additional information about Chestnut Innovation Center please contact:
11 Chestnut Street, Amesbury, MA 01913
Meetup With SCORE Team
Most of our clients come to us with great ideas. But not all great ideas can be turned into a viable business, one that has a reasonable chance of making a profit. And that's where a "proof of concept" comes in...testing the idea before investing a substantial sum. In the software business this is referred to as building the minimum viable product; e.g., programming just the basics so that targeted users can play with the app and give the developer feedback. In the food business, this usually means preparing the item in your own kitchen and offering it for sale at a farmers market...to gain insights into packaging, pricing, usage patterns and maybe even receive consumer testimonials. If your idea involves a service, the usual practice is to start small and make personal presentations. Your SCORE mentor can help you find the resources you need and design a market test that is scalable.
Sometimes the best way to become an entrepreneur is to buy an existing business...one that comes with regular customers and only needs your energy to take it to the next level. Or perhaps you're considering a franchise? We'll cover everything your need to know at our next Meetup on August 10th at the Danvers Public Library. You can join our group here. I hope to see you there.
SCORE, SBA, AARP - Joint Presentation
SCORE NE Massachusetts, Newburyport Branch participated in a workshop sponsored by AARP and SBA in Amesbury. The subject was “Want to Start or Grow Your Own Business?” encouraging attendees who are 50+ to follow their dream, to start or grow their business.
Guests listened to experts, asked questions and networked. Long time Newburyport Branch SCORE client Tim Gould, CEO of Ace Energy Services, shared his experience with the guests.
Tim was always interested in energy conservation, and has been writing articles for the Newburyport Daily news on the subject, as well as, doing energy audits on the side. When he realized the opportunities, he resigned his position of VP of Sales after 19 years with the company and started his own energy audit company.