First-Time Business Owner Succeeds With Bridal Fashions In Moline, IL

Topics:
Small Business
Tags:
Business Owner,
Business Plan,
Finance,
Operational Accounting,
Sales,
Sales Force Management,
Sales Strategy,
SCORE
Source:
SCORE

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Overview: The quest for the perfect gown for a perfect wedding day led Penny Timmons to become the owner of a bridal and formal wear boutique in Moline, IL. Penny purchased the business when she was 28 years old and attending Black Hawk Community College, pursuing a degree in business management. With the assistance of SCORE, Penny applied for an SBA-guaranteed loan. She used the chapter's $5 business-planning disk to prepare a complete business plan, which detailed past sales history for the business and projected future growth. SCORE Counselor Dale Hankins helped her prepare her business plan - together they reviewed cost and revenue projections to develop a realistic operating budget to support operations and staff salaries.

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