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Leading Retirement Solutions

Submitted by: Kirsten Curry
State: Washington
City: Seattle

Business Description

Leading Retirement Solutions provides retirement savings, tax reduction and business financing solutions for businesses and owners, including SEP/Simple IRA, 401(k), 403(b) Plans and more.

What makes your business one of the best small businesses in your community?

Leading Retirement Solutions is championing women business owners and leaders with their financial success. We are leading the conversation about women business owners and how they can get better prepared for a financially secure retirement, with the results of our 2017 national study Our study reveals that women business owners and leaders are more prepared for a financially secure retirement than females in general but still lag behind men. LRS is also helping women business owners obtaining business financing they can't obtain elsewhere but is critical for business growth. National statistics reveal that a mere 16% of traditional bank loaned dollars are granted to women owned businesses; while nearly 40% of LRS clients are women owned or led enterprises.

The following responses will be considered in judging for a SCORE Award.

How has working with a SCORE mentor helped your business?

LRS continues to successfully grow revenue and clientele (revenue growth was nearly 20% in 2016 and again in 2017), however, our expenses have continued to grow at a fast rate as well and profitability has been a challenge. Our SCORE mentor guided us on several occasions between 2017 and 2018 with the fine tuning and critical thinking necessary to develop a 2018 budget that reflects greater profitability for the company. Our SCORE mentor encourages us to critical consider our goals and how to achieve them. Our SCORE mentor has been an impactful addition to our planning and budgeting processes.

Please describe the specific ways that your business has been successful and how it will grow in the next year.

Leading Retirement Solutions is one of those rare, women owned businesses that have surpassed $1 million in annual revenues. As of 2016, there are an estimated 11,313,900 Women Owned Firms in the U.S. A mere 1.72% of women-owned companies (195,100 companies) were projected to exceed $1,000,000.00 in gross revenues, in 2016. LRS reached this milestone in 2016 and again in 2017, with nearly 20% revenue growth in each of those years, as well. Our success will certainly continue in 2018 as we gain brand recognition, with our women business owner study, among the fastest growing new business segment in the U.S. - Women Owned Companies!
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