New businesses succeed through partnerships

Effective business support comes from effective resource sharing.

When starting a business, owners seek out help with a vast and varied number of issues. It is hard for a new business owner to be an expert on all facets of their business so they seek out information from those they consider local experts. As business counseling resources, the Northern Lakes Economic Alliance (NLEA) wants to provide those local experts to business owners. But what do you do when you have a small pool of staff members and a surplus of businesses in need?

The NLEA, a partner of Michigan State UniversityExtension, recently found the solution through a new collaboration with our local SCORE chapter. Tip of the Mitt SCORE will add decades of practical experience to the resources that NLEA is able to provide entrepreneurs. They will serve as our pool of local experts, having already been involved in a variety of business roles within their respective organizations.

“Collectively, we can serve the new- and existing-business community with the variety of business assistance service our organizations offer,” said Tom Erhart, NLEA entrepreneurship director. Carlin Smith, president of the Petoskey Regional Chamber of Commerce, a longtime partner of Tip of the Mitt SCORE, said, “Our chamber is most supportive of this partnership as a way to strengthen the entrepreneur’s base of knowledge in their business planning process.”

One of the first projects that will be undertaken through the new partnership is the presentation of a business startup class titled How to Really Start Your Own Business: Practical Information from Those Who Have Done It.

Bill Collins, current president of the Tip of the Mitt SCORE chapter said, “I am excited about the potential to expand assistance to a great number of individuals through our How to Really Start a Business classes. It only takes an investment of a couple of hours and might save a person from making mistakes in developing their business idea.”

SCORE will bring its seasoned business experience to the attendees and help them avoid common pitfalls. The classes will help new entrepreneurs assess the potential of their business ideas and answer questions that the individuals have struggled to have answered. 

Is there a chapter of SCORE in your area that can help provide this valuable information for business startups? Or is there another organization of retired business people and local experts that would be willing to spend a little time helping new businesses succeed?

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