After working for the same manufacturing company for over 20 years, Steven found himself out of work, and not sure what he wanted to do next. “It’s not so easy to find a job doing what I did,” he said. “Especially at my age.” Steven is thinking about starting his own Westchester small business, but he has some doubts. “I can’t figure out what’s really happening with this economy. Is now the right time to start a small business?”
Realize Your Dream for Business Success: SCORE Westchester
The decision to open a Westchester business can be a tough one. There are lots of factors to consider: What kind of business will you have? Will you sell products or offer a service? Is there a viable market for the product or services you want to sell? How will you connect with this market?
SCORE Westchester has a team of experienced small business mentors who can help you find the answers to these questions and more. We provide guidance, educational resources, and support you can depend on. Our goal is to help you be the best Westchester small business owner you can be. All of our services are free and confidential.
There’s no one-size-fits all answer to the question ‘Is this the right time to start a business in Westchester County’? Some types of businesses actually thrive in a challenging economy, while other types of businesses might not do as well. It’s also important to consider how you’re going to fund your new Westchester business. Some individuals opt to self-fund their small business, using their savings or retirement fund. Other people seek funding in terms of loans and investment capital. Our team of SCORE Westchester small business mentors will help you consider all of these options and determine which one is right for your individual situation. The economy can have a significant impact on entrepreneurs’ access to capital: we’ll talk about what this means for you.
It’s important to understand how your chosen industry has historically done during similar economic periods, as well as the prevailing current trends in customer behavior, before you decide to take the plunge into starting your small business. SCORE Westchester can help you make a smart, informed decision. Schedule your free counseling session with a small business mentor today!