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                                SCORE NEWS - July  2010 Logo
     ST. LOUIS, CHAPTER 21



July,  2010
Issue 6 2010
Welcome to SCORE!

Greetings!

SCORE, Service Corp Of Retired (and Working) Executives, Counselors to America's Small Business offers free counseling to St. Louis area small businesses. 

For more information contact us at
314-539-6600 Ext. 242 or
www.stlscore.org
 to learn more about what SCORE offers.

See Our Website

St. Louis SCORE
200 North Broadway
Suite 1500
St. Louis, MO 63102
314-539-6600 x242

http://www.stlscore.org

St. Charles Office
 636-447-5000
St. Charles Economic Development Center
5988 Mid Rivers Mall Dr.
St.Charles, MO 63304

Kirkwood Office
 314-800-1527
 
Inside National City Bank
333 S. Kirkwood Rd
Kirkwood, MO 63122


Small Biz Stats & Trends
From: score.org

The small business marketplace changes rapidly.

Small Business Impact on the Economy
The estimated 29.6 million small businesses in the United States:

  • Employ just over half of the country's private sector workforce
  • Hire 40 percent of high tech workers, such as scientists, engineers and computer workers
  • Include 52 percent home-based businesses and two percent franchises
  • Represent 97.3 percent of all the exporters of goods
  • Represent 99.7 percent of all employer firms 
  • Generate a majority of the innovations that come from United States companies
Source: U.S. Small Business Administration Office of Advocacy, September 2009

Small Business Survival Rates

Small Business Openings & Closings in 2008:

  • There were 627,200 new businesses, 595,600 business closures and 43,546 bankruptcies.
  • Seven out of 10 new employer firms survive at least two years, and about half survive five years.
  • Findings do not differ greatly across industry sectors.
Sources: U.S. Small Business Administration Office of Advocacy, September 2009,Survival and Longevity in the Business Employment Dynamics Database, Monthly Labor Review, May 2005. Redefining Business Success: Distinguishing Between Closure and Failure, Small Business Economics, August 2003.

Trends in the Small Biz Marketplace

General Trends:

The number of self-employed workers in June 2005 fell 3.1 percent or 303,000 from the month before, Labor Department data showed. Self employment tends to fall as the economy grows. That's especially true among laid-off workers who start tiny companies after failing to find work in slow times. (Source: USA Today, July 17, 2005)

During 1979-2003, self-employment increased: 33 percent for women; 37 percent for African Americans, 15 percent for Latinos, 10 for White Americans and 2.5 percent for men. (Source: SBA, Office of Advocacy)

Where do small business owners go for advice? 52 percent from individual mentors; 51 percent from social networks; 44 percent from trade associations; 36 percent from business advisors; 31 percent from the Internet and 27 percent from Chambers of Commerce (Source: American Express)


To meet a SCORE counselor in St. Louis, come in to one of our three locations or call 314.539.6600 x242

Don't get left out! Join the social media revolution. SCORE can help.
 
Twitter Talk. Why the Twitter phenomenon should not be ignored. Find out how it can boost your business.

Why Do I Tweet? Let Me Count The Ways

If you've been hesitant about joining the Twitter phenomenon, thinking it's a fad for the young and techy, you'd better think again. More than 190 million people use Twitter every month. If you're not one of them, you're missing out on one of the best FREE marketing and communication tools for your business. Twitter has opened up a world of opportunities for my business that in the past wouldn't have been possible, or would have taken months of travel (and thousands of dollars) to accomplish. Here's what I've discovered about the advantages of Twitter:
1) Getting new clients. I noticed one of the big telecommunications companies was redesigning their website. I pitched them on Twitter, they tweeted back, and-bam--we had a new client.
2) Meeting new people. When you're really involved in the Twitter community, you collect followers and make contacts. Many people I've have met on Twitter are smart, connected and eager to help one another.
3) Uncovering new ideas. I have learned from many of the folks I've met on Twitter-and they've sparked new ideas for my business. Twitter helps me stay in the loop about what's going on-and it's quick and easy.
4) Gaining attention and driving traffic. Social media is the best way to let the world know what you're working on, what you've accomplished, and what your colleagues are doing. It's also a great way to give referrals. 
5) You get what you give. Twitter is a great way to launch information and assistance out into the world and find like-minded businesspeople who can help your business grow. But you need to reciprocate. Twitter is a two-way street.
Get started by importing your email contacts to Twitter and exploring the community. Follow your contacts, see who they follow, and start following those people. Pay close attention to those who could develop into important relationships. Link your Twitter account to your website or blog to cross-promote and gain new followers. Put your Twitter address on your business cards.

BizSuccessTips Editor Rieva Lesonsky is founder and CEO of GrowBiz Media, a content and consulting company. Read more of her insights at SmallBizDaily.com.


If You Build It, Will They Come? Get more traffic to your site.

From www.score.org


Success Stories: Helping Hand

Roy and Louise van Broekhuize
lagan started a handbag factory and training center to help survivors of the 2006 Tsunami.



"We started Laga Handbags in 2006 employing 12 women. Today we support over 300 and with a recent spot on 'Oprah,' we are getting closer to our vision to help 1,200. We were very happy to find a very knowledgeable SCORE counselor who helped Laga with marketing our products. Tom Patty, our personal SCORE counselor, suggested we use social media, starting with Fan Pages on Facebook, as well as individual accounts, to help drive new friends to the Laga Handbags Fan Page." Find out more.
 
Roy and Louise van Broekhuizen, Laga Handbags.
Web site: www.laga-handbags.com 
 

SCORE Offers Disaster Planning and Recovery Resources for Small Businesses

Washington, DC - As the Atlantic hurricane season begins, SCORE reminds entrepreneurs that disaster can strike any business at any time. Equipment failures, thefts, accidents or natural disasters can impact operations, employees and customers. SCORE counselors offer expert mentoring and workshops that can help a business prepare for and recover from a disaster.
 
Find a SCORE office near you and Ask SCORE for free disaster preparation and recovery advice. Take advantage of updated resources online at www.score.org/disaster_preparedness.html.
 
Helpful links and resources include:

Get Disaster Planning Advice. SCORE provides advice by email 24/7. Search by business question or keyword. Get answers to questions from more than 1,200 online counselors.

Resources to Protect Your Biz. Learn how to avert disaster, recover quickly, protect business data, plan for a crisis, get the right insurance, and prepare for hurricane season.

Government Resources & Recovery Assistance. Get links to state and federal government resources, including the SBA, IRS, FEMA and Department of Homeland Security. The U.S. Chamber also offers assistance.

Stargazer Resources. Check out forms, checklists and FAQs from The Stargazer Foundation, which provides free emergency resources.


In This Issue
Small Biz Stats & Trends
Social Media Revolution
Success Stories
Disaster Planning
Upcoming Events
Resources For You
 

Upcoming Events

SCORE Chapter 21

Monthly Seminars
Improve Your Business!

REGISTER NOW !

"How to Start and Manage Your  Own Business"

Saturday
July 17, 2010

8:15 A.M. to 3 P.M   
Fee - $50.00
St. Louis Community College at Meramec
11333 Big Bend Blvd.
St. Louis, Mo. 63122
Room SO - 105

Register Now!

Next  SCORE Seminar

Aug. 14, 2010
St. Louis Community College at Meramec
SO-105

 
July 31, 2010

"Writing a Professional Business Plan"
Time: 9 am to 12 noon Cost: $30

St. Charles EDC
SSM Room
5988 Mid Rivers Mall Dr
St. Charles, MO 63304

To learn more about any of these courses and dates, times and how to register -

 CLICK HERE

National City
Visit our SCORE Branch
office inside National City
Bank in Kirkwood
Quick Links
St. Charles EDCSCORE St. Louis
bullet National SCORE

St. Charles EDC SBA National
St. Charles EDC SBA St. Louis
bulletSTL Member Sign In

You can find our Archived Newsletters Here

Resources For You


2010 Speed Coaching Event.
 Take your business to the
open next level with this event from American Express OPEN and SCORE.
One-on-one coaching, networking opportunities and resources to grow your business. Coming to St. Louis October 20th. More Information.

 


IRS HIRE Act
Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers ("qualified employees").
 
The first provides employers with an exemption from the employer's 6.2 percent share of social security tax on wages paid to qualifying employees, effective for wages paid from March 19, 2010 through December 31, 2010.
 
In addition, for each qualified employee retained for at least 52 consecutive weeks, businesses will also be eligible for a general business tax credit.
 
Small Businesses can learn more about the HIRE Act here



St. Charles Economic Development Center

edc

Let the EDC help you discover why St. Charles County is a great place to grow your business and your life. Call toll-free 1-877-441-6880 or e-mail: info@edcscc.com

 See the website




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 Brought to you by SCORE "Counselors to America's Small Business," a nonprofit association and resourcBetty @ workshope partner with the U.S. Small Business Administration. SCORE is dedicated to entrepreneurship and the formation, growth and success of small businesses nationwide. Since 1964, SCORE has helped more than 8 million entrepreneurs.

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