March, 2020
Mid Month Biz Tips
Coronavirus is foremost in our minds, and SCORE and its small business resource partners are here to help. We are providing information links from a wide range of sources, including SCORE, SBA, the CDC, the Wilmington Business Journal, and the Chamber of Commerce. Some of the information may overlap, or be slightly out of date, but we hope this consolidation of information will be helpful for you, your family, and your small business.
Key Coronavirus business resource links on SCORE website





SBA Guidance & Assistance for Small Businesses
 
The Small Business Administration (SBA) has posted information regarding loan programs and guidance for businesses:
 

CDC Guidance & Prevention Protocols for Businesses
 



Greater Wilmington Business Journal
This past Friday, the Journal launched “BizTalk”, a Facebook Live discussion with two local HR officials about how employers should think about work-from-home policies and other timely topics. You can see the discussion  here . They will have additional BizTalk events this coming week. Also note, they are lifting their paywall so everyone can see their full coverage here .


From the Chamber of Commerce
Local Workshops, Events, and SCORE Mentoring Sessions
Regarding our Simple Steps for Starting Your Business, a Free 5-part workshop series scheduled to begin March 24th, as of now, our hosts at Cape Fear Community College have not yet canceled it. Please refer here for more info and here to register.

Many workshops and events in Wilmington have been canceled so please check with the venue before you head out. WilmingtonBiz Expo, scheduled for March 18th, has been postponed to September 30th.

SCORE Mentoring Sessions. Mentors are available to participate in remote mentoring sessions via phone, email and video. If you already have a SCORE mentor, ask them if you can use a remote mentoring method for your sessions. If you don’t already have a mentor, you can find a business mentor today.  
And Finally, the Mid Month Biz Tip
Break-even analysis template
The break-even point is the point when your business' total revenues equal its total expenses. An analysis is important for new businesses seeking funding, and existing businesses looking to make changes, subtract/add employees or borrow some money.

Lastly, An Inspirational Entrepreneurial Story
Given the extraordinarily difficult first half of the month, with the coronavirus and the stock market seemingly turning the world upside down, we need an uplifting business story, so here it is!
SCORE Cape Fear | 910-452-5395 | scorecapefear@gmail.com | capefear.score.org