August 2007 Summary

Joe Palestino from SCORE (Service Corps of Retired Executives) guided our discussion. He helped us understand how important a business plan is, not just as a required document which can determine funding, but as an overall guide to the whole business enterprise helping the inventor succeed. SCORE executives offer someone starting a new business a great combination of needed attributes. Each has worked in a managerial capacity for many years in areas unfamiliar to inventors. Unlike operators who view the newcomer as a cash cow, SCORE charges fees that are the minimum consistent with good advice. SCORE is a service group with a genuine personal interest in you and in your success. SCORE offices are distributed widely, so you can meet with an executive within reasonable distance.