The Entrepreneurs Weekly
No Result
View All Result
Wednesday, July 23, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

A Program That Helped Build 144,000 Jobs Gets Slashed by Budget Cuts — What Happens Next Is Pivotal for Small Business Support | Entrepreneur

by Brand Post
July 22, 2025
in Business
0
A Program That Helped Build 144,000 Jobs Gets Slashed by Budget Cuts — What Happens Next Is Pivotal for Small Business Support | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Opinions expressed by Entrepreneur contributors are their own.

SCORE, the nonprofit that has supported small businesses for over six decades, recently faced a major setback: the latest tax and spending bill eliminated about 60% of its federal funding — a core part of its budget. For an organization that offers free mentoring to hundreds of thousands of entrepreneurs annually, this looks like a serious blow.

But what if this funding cut is not the end of SCORE — but a new beginning?

With a vast network of 10,000 volunteer mentors and a proven track record of economic impact — including helping start 58,000 new businesses and creating 144,000 jobs in 2024 alone — SCORE has always been a vital lifeline for small business owners. However, without reliable federal support, SCORE faces a crossroads: continue to rely on uncertain government appropriations or reinvent itself as a self-sustaining business.

Related: 3 Solutions That Help Alleviate Everyday Pressures Small Business Owners Face

The real impact behind SCORE’s numbers

According to SCORE, every federal dollar invested generated $45 in economic benefits. This was achieved through four million mentoring hours across 200 chapters, advising over 300,000 entrepreneurs annually. These numbers show that SCORE’s work isn’t just a feel-good story — it’s an economic engine.

Yet, despite these impressive results, the realities of federal budget cuts have forced SCORE’s leadership to confront a difficult question: How can SCORE continue fulfilling its mission without government backing?

Facing tough realities: the bigger budget picture

As an advocate and advisor for small businesses in this country, it pains me to see great organizations like this lose their support. SCORE is clearly a valuable agency that has helped countless small businesses in the more than 60 years since its founding in 1964. But I’m also a realist.

The reality is that, regardless of what we want, there are limitations to what we can afford. Yes, I’d like free education, free healthcare, clean water, safe highways and strong defense. I also appreciate all the research done by so many government agencies and academic institutions that received federal support. But I, like many business owners, also see a $2 trillion annual deficit and a $36 trillion national debt and don’t know how we and our children and grandchildren can sustain that level of liabilities. Some things have to be cut. Some things have to go. And it looks like SCORE, like many other good programs the Federal government funds, is one of those things. Government spending must be prioritized and trimmed where possible. Unfortunately, this means good programs sometimes lose funding — even those with proven results. It’s painful for advocates and advisors to see a respected organization like SCORE face these challenges. But the truth is, many federally funded programs will need to find new models to survive.

A bold proposal: what if SCORE became a business?

SCORE’s greatest asset isn’t just its volunteers or history — it’s its infrastructure, leadership and brand recognition. These assets could enable SCORE to spin off from government support and operate as a private, self-sustaining entity.

It already has the foundation — a trusted name in the small business community, a robust volunteer network and experienced leadership. With the right strategy, SCORE could attract investors, lenders or equity partners who see the value in its proven return on investment. And that ROI can be translated into real dollars.

Imagine SCORE charging a sliding scale of fees based on a business’s ability to pay — allowing startups and small enterprises with limited resources to still receive help, while those who can afford it contribute. Or consider raising funds from corporate sponsors who already invest heavily in small business programs, redirecting those dollars toward SCORE’s mission.

SCORE could also contract its expertise to consulting firms or financial institutions — creating new revenue streams while expanding its impact.

Why change is necessary

SCORE’s traditional model — volunteer consultants supported by government-paid staff — has its limitations. Volunteers vary in quality and motivation, and government employees don’t operate under typical business incentives that reward customer satisfaction and performance. For SCORE to thrive in a post-funding world, it must adopt a model that encourages accountability, quality and sustainability.

The opportunity ahead

If SCORE were to disappear, would more small businesses fail? Would the economy suffer? Probably not dramatically — other organizations and market forces would fill some gaps.

But SCORE has a unique opportunity to redefine itself — not just as a nonprofit supporter of small business but as a business itself, accountable for its outcomes and financially self-sufficient. Like the entrepreneurs it helps, SCORE can pivot, adapt and innovate.

Related: How to Secure a Small Business Grant in 5 Easy Steps

Final thoughts

Brigett Weston, SCORE’s CEO, recently said, “Without federal support, this incredibly efficient and effective program is at serious risk of no longer fulfilling its mission.” That risk is real.

But it’s also a chance.

SCORE can lead the way in demonstrating how public support programs might evolve to meet today’s financial realities — continuing to empower entrepreneurs and build our economy, but on its own terms.

This is not just a story about funding cuts; it’s about resilience, reinvention and the future of small business support in America.

Ready to break through your revenue ceiling? Join us at Level Up, a conference for ambitious business leaders to unlock new growth opportunities.



Source link

Tags: America's Favorite Mom & Pop ShopsBudgetBudget cutsBuildBusinessCutsentrepreneurFederal fundingFundraisingGrantsGrowing a BusinessGrowth StrategiesHelpedJobsMoney & FinancePivotalProgramscoreSlashedSmallSmall Business GrowthSmall BusinessesSupport

Related Posts

How to Use Your Smile as a Business Superpower | Entrepreneur
Business

How to Use Your Smile as a Business Superpower | Entrepreneur

July 23, 2025
How I Turned a ‘Boring’ Company Bleeding 0K a Month into a  Million Machine | Entrepreneur
Business

How I Turned a ‘Boring’ Company Bleeding $500K a Month into a $45 Million Machine | Entrepreneur

July 23, 2025
These IT Skills Could Be the Career Edge You Need, for Just  | Entrepreneur
Business

These IT Skills Could Be the Career Edge You Need, for Just $35 | Entrepreneur

July 23, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
How to Use Your Smile as a Business Superpower | Entrepreneur

How to Use Your Smile as a Business Superpower | Entrepreneur

July 23, 2025
How I Turned a ‘Boring’ Company Bleeding 0K a Month into a  Million Machine | Entrepreneur

How I Turned a ‘Boring’ Company Bleeding $500K a Month into a $45 Million Machine | Entrepreneur

July 23, 2025
These IT Skills Could Be the Career Edge You Need, for Just  | Entrepreneur

These IT Skills Could Be the Career Edge You Need, for Just $35 | Entrepreneur

July 23, 2025
AI Deepfakes Are Stealing Millions Every Year — Who’s Going to Stop Them? | Entrepreneur

AI Deepfakes Are Stealing Millions Every Year — Who’s Going to Stop Them? | Entrepreneur

July 23, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In