SCORE Mentors Are Here To Help!

By Susan Salisbury
The Palm Beach Post, Fla.

WWR Article Summary (tl;dr) Penny Pompei is the first female leader of the Palm Beach County SCORE chapter — the Service Corps of Retired Executives. The 40-year-old non-profit utilizes the expertise of more than 50 volunteer executives and entrepreneurs to provide pro bono mentoring to area small business owners. A great resource for women in business who need a hand.

The Palm Beach Post, Fla.

Penny Pompei, chapter chair of Palm Beach SCORE, is herself a “serial entrepreneur” with experience in architecture, construction, travel, winery operations, government contracting and nonprofits.

She’s the group’s first woman leader of the local SCORE — the Service Corps of Retired Executives — in West Palm Beach. The 40-year-old non-profit utilizes the expertise of more than 50 volunteer executives and entrepreneurs to provide pro bono mentoring to area small business owners.

“My diverse experience taught me that business is business. Whether you are managing a winery or IT services, the challenges are similar,” Pompei said.

“Fifty percent of business start-ups fail in the first year, but not those who seek out counseling from qualified mentors who have been there, done that,” she said.

Name: Penny Pompei
Age: 74
Hometown: Born in Great Falls, Montana

Where you live now: Singer Island

Question: How your business has changed ?

A: Our mentors must now be versed in a wide range of business issues. While in the past the assistance requested focused on bookkeeping issues or print ad copy guidance, today’s mentors need to know about social media marketing, IRS tax code compliance, HR regulatory compliance, merger/acquisition issues, franchising options, and even an occasional IPO.

Question: What was your first paying job and what you did you learn from it?

A: The first real, steady job was in the engineering department of General Telephone Company in Spokane, Washington. I learned how important it was to work as part of a team and although my tendency is to want to take charge of any situation, a lot more progress can be made if you can motivate a team of people to all work together toward a common goal — as long as that goal is articulated in advance and understood by all.

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