What is a Business Scan?

A St. Louis SCORE Business Scan is like hiring a team of expert consultants. We do an in-depth analysis of your entire business to identify opportunities and recommendations for improving company performance in the areas of sales, operation, management, marketing, finance, and technology.

WHAT IS THE PROCESS?

THE BUSINESS SCAN IS DIVIDED INTO 5 DISTRICT PHASES

① The Introductory

This phase is mandatory and lasts about 1-2 hours. We will review the program with you and reach an agreement that it is appropriate for your business. We will then assign a Business Scan Leader to your company, complete the required initial assessment, and begin assembling your personal Business Scan Team.

② The Diagnostic

This phase is mandatory and lasts between 30-60 days. We will collect business data from you, ask questions, observe operations, and perform other diagnostic tasks. You and your team can expect to commit approximately 8-15 hours of time during this part of the business scan. The result of this phase is a detailed written report that will contain considerations and suggestions for improving your company's performance.

③  The Action Plan

This phase is optional and can take 15-30 days to complete. We will assist you in prioritizing suggestions from the Diagnostic Phase and developing a solutions-based action plan for the top identified priorities.

④ The Implementation

This phase is optional and the time to complete is dependent upon the Action Plan developed. We can lead, participate, or generally support the creation and execution of the implementation plan.

⑤ The Completion

This phase is mandatory and can occur anytime after the Diagnostic Phase. This phase signals the end of the Business Scan Project. A review meeting is conducted as part of this phase to ensure project goals and objectives were met satisfactorily. In addition, we ask that you complete an end-of-project survey.

HOW HAS THIS HELPED OTHERS?

READ OUR REVIEWS

"The SCORE team reignited the passion I had for my business and helped provide the roadmap to where I am today. They conducted an in-depth business scan and recommended actions which I, with my team, put into motion. With additional guidance by SCORE, the company has increased revenues by over 100% and substantially increased our profitability.”


John Hyde CEO
Architectural Sheet Metal Inc.

"MDS Manufacturing is a specialty Injection Molding company which has been growing revenues and profit for the past five years at 30% to 40% rate. We needed experienced and expert oversight to make sure our business and manufacturing practices are of high quality. SCORE worked with us and recommended changes in our business management, marketing and accounting practices. These changes have helped us secure our future growth. We continue to work with SCORE Mentors.”


Dave & Virginia Skaggs
MDS Manufacturing

"I thought it would be good for my 38-year-old chemical business to have another set of eyes of highly qualified and experienced executives to help me find a new direction, SCORE performed a business scan, reviewing all areas of my business. What | received was a fresh way of looking at my market to get out of my comfort zone and expand my business in a new direction.”


Dr. Kamal Yadav
CHEMCO

STILL HAVE QUESTIONS?

CHECK OUT THIS FAQ

There is no fee since SCORE is a volunteer organization. However, the vast experience and dedication that our SCORE mentors deliver through their valuable insight would typically cost you $10K - $100K. Our only request is that, if you believe that we have delivered on our value proposition, you consider contributing to the financial support of SCORE St. Louis.
  • Identify area of business growth.
  • Help identify important goals to focus on.
  • Help define your marketing direction.
  • Identify areas to improve profitablity.
  • Identify areas to improve efficiency.
Business Scans are appropriate for both B2B and B2C companies in a wide variety of industries. Below is a list of some of the industries we have provided Business Scans for:

Manufacturing, Retail
Consumer Services, Construction
Distribution, Restaurants
Healthcare, Consulting Services
Our business scan mentors have either been, or still are, business owners or senior executives. They understand all facets of business and are able to utilize their expertise to identify opportunities for the clients they serve. They have expertise in:

Management, Human Resources
Marketing/Sale, Technology
Operations, Strategy
Finance/Accounting

SPONSORS

THANK YOU FOR SUPPORTING SMALL BUSINESS SCANS

Commerce Bank

Fontbonne University

Small Business Association

The material in this brochure is based on work supported by the U.S. Small Business Administration (SBA) under cooperative agreement number SBAHQ-05-S-0001. Any opinions, findings and conclusions or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the SBA.