The lopsided failure rate of small businesses is a concern to every community. For our cities to recently jump in and realize this is a local issue that must be solved with "boots on the ground," reinforces that these entrepreneurs are not in this battle alone.
Our young people and college grads need the inspiration and a renewed hope that they too have a chance that at the grass roots level, each has the opportunity to create a better life, to dream, and the possibility to create their financial freedom.
The Pulvers needed help with forming a legal entity, advice on marketing and on protecting their product against knockoffs. So Dick Fenster put together a team of SCORE volunteers that included a lawyer and two engineers with patent and marketing experience.
This will force the public debate to cover the entire scope of the proposals being offered up, and it would do so by providing the data the public most cares about right now: how will this create or destroy jobs?
Capacity, capital, collateral, credit, and character are the "Five Cs" that loan offers learn in Lending 101. But to most small-business loan applicants in need of money, it is an esoteric and arduous exercise.
The U.S. Small Business Administration has a cadre of talented staff whose goal is to help small-business owners succeed. Yet, if there was ever a way to tell someone to not go into business, their newly redesigned website is it.