SCORE is looking in particular for Spanish-speaking mentors eager to share their expertise with its Latino clientele.
It will take a small army of mentors and business experts to help America’s small businesses recover from the ravages of the COVID-19 pandemic – and SCORE is appealing widely for additional volunteers to help Hispanic entrepreneurs.
“We are seeing an unprecedented need for mentorship and expertise as small business owners and Hispanic entrepreneurs seek guidance and support to grow their businesses,” said Bridget Weston, CEO of SCORE. “This is why we are launching a national call for volunteers to support our diverse clientele. SCORE Mentors donated the equivalent of $ 26.8 million to support Hispanic entrepreneurs and businesses last year.
Hispanic entrepreneurs are the fastest growing segment of business owners in the United States, and Hispanic Heritage Month from September 15 to October 15, 2021 is a great time to support Hispanic small businesses. While the number of Hispanic-owned small businesses has increased since 2013, data shows that minority-owned small businesses, particularly Hispanic and black-owned small businesses, have been disproportionately affected by the COVID-19 pandemic.
A nationwide SCORE survey in September 2020 examining the impact of the pandemic on Hispanic businesses found they were more likely to seek – but less likely to receive – outside funding from non-government sources, including expanded lines of credit and new loans, compared to white-owned businesses.
For example, while more than a quarter of Hispanic business owners sought new investors, no survey respondent reported success. Hispanic-owned businesses were also more likely to seek – but less likely to receive – government funding, including PPP, EIDL, and SBA loans. SCORE launched its Hispanic Business Owners Hub to offer more resources to help.
“If you can donate a few hours a month or a few hours a week, whether you’re at work or retired, Hispanic American small businesses need your business knowledge and expertise,” Weston said. “If you have marketing knowledge, business coaching skills, or specialized business management knowledge, America’s small businesses need you. If you are unable to volunteer, please share our call to volunteer with your business networks and friends.
SCORE is looking in particular for Spanish-speaking mentors eager to share their expertise with its Latino clientele. Volunteer roles and opportunities include:
Subject Matter Expert – Volunteer 2-10 hours per month and consult with mentors and business owners to answer questions in your area of expertise. Share your know-how and professional knowledge in e-commerce, accounting, human resources or information technology and be an invaluable resource for small business owners.
Local Workshop Presenter – Share your mastery of a topic or business strategy and deliver locally developed business training for small business owners. The time required can be as short as 2 to 10 hours for each presentation.
Business Mentor – SCORE Mentors provide hands-on assistance to local small business owners or aspiring entrepreneurs, helping them develop business plans and a roadmap for growth. Mentors have excellent interpersonal and communication skills, as well as extensive expert experience as a business owner or senior manager. This role requires training and then 15 to 20 hours per month of volunteering.
To volunteer, apply today at score.org/volunteer. Your local SCORE chapter will contact you to find out more about you and to share information on onboarding and training. “By volunteering with SCORE, you can play a role in boosting our country’s economy, helping others achieve their entrepreneurial dreams and helping create jobs in your local community,” said Weston.