Despite the economy, entrepreneurs are not only surviving but thriving. In fact, some of America’s most successful corporations started during economic downturns. The key to success is to get help early and regularly. That was how Morgan Smith and Youngsong Martin’s achieved their dreams.
They are the face of small business and this is their story.
Morgan Smith launched Boneheads Restaurant in California and has since spread nationwide. The restaurant repeatedly appears on “best of” lists for its unique and creative approach to food. Advising other entrepreneurs, he mentions “Most small business owners excel at a particular craft. They really need to engage SCORE counselors to help them offset their weaknesses.” Smith credits much of his success to his SCORE mentor Tom Patty of Orange County SCORE.
Another successful entrepreneur, Youngsong Martin, founded Wildflower Linens. Her business has grown tremendously over the past few years. In 2009, she was asked by the White House to provide and style linens for the first ladies of the United States and Russia. She advises, “If you need help, there are people right there [at SCORE], with amazing knowledge. And free! I am here because of her, because of my SCORE counselor. I can actually cry thinking about that.” The mentor Martin mentions is retired IBM business manager, Terri Carr who is also a member of Orange County SCORE. As a former sales and marketing professional, Carr helped Young refine her business goals and reviewed her marketing program. She then tapped mentor, Jim Anderson, who used his extensive background in finance and management to review Wildflower Linen’s accounting and financial practices. He also helped with issues such as expense tracking, inventory control, taxes and planning/budgeting.
What’s your story? How has having a mentor helped you overcome the odds? Share your success below.