"Business owners who seek to learn from others and reach out to resources for help are more successful than those who don't." So says Ken Yancey, CEO of SCORE, a national nonprofit network of experienced business executives who offer free counseling to entrepreneurs. In his 20-plus years on the job, Yancey says he's come to see that small businesses really need two things most: money and mentoring. Could a coach help your business stay afloat?
While nearly three-quarters of business owners who responded to a recent Yahoo! survey said that their business is suffering the effects of the stalled economy, Yancey says a SCORE year-on-year survey showed that some 90 percent of businesses that had consulted SCORE for help in 2009 were still in business a year later. Yancey won't take all the credit for that—"we all know there are a lot of factors that come into play"—but he has no doubt that SCORE's 13,000 volunteer mentors who counsel businesses at 364 chapters nationwide have played a big role.
In addition to SCORE, Yancey points toRead More »from Could a coach help your business stay afloat?