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Directory of resources and opportunities for starting a small business. Find information on starting a business and research companies offering support services for small business startups. Browse providers of information and resources for startup busines

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Starting a Small Business Basics

When you have an idea and you want to start a small business, there are a few things you'll need to think about before you begin pouring money into it. You must first make sure that you're truly ready and that you have what it takes.

Supplies for Starting a Small Business

In many cases, starting a small business requires a large investment in supplies for the office or storefront. Items like desks and other furniture, credit card processing machines and other technology, as well as traditional office supplies for daily operations are all necessities when starting.

Starting a Small Business Key Terms

Starting a new business is a major milestone in a person's life. As with most major decisions in life, there are certain things to consider when opening a business.

Follow These 10 Steps to Starting a Business | The U.S. Small ...

Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare ...

Thinking About Starting | The U.S. Small Business Administration ...

When starting a business, advice from SBA partner organizations such as SCORE Mentors, Small Business Development Centers and Women's Business  ...

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Starting a Business | The US Small Business Administration -

Are you thinking about starting a business of your own? Explore the topics below to learn the aspects of starting a business, plus find information you need to ...

How to Start a Small Business in a Few Hours |

Oct 12, 2012 ... Starting a business is surprisingly simple--you just need to take the first step. Here's how to get through the administrative hurdles faster than ...

How To Start A Business With Only $100 In The Bank - Forbes

May 31, 2012 ... I interview Chris about his book, how he believes people can start a business on a small budget, how young people can turn their passion into ...

Twenty Businesses You Can Start Tomorrow - Forbes

Jun 9, 2011 ... To canvass for ideas, we teamed up with Adams Business (a unit of F+W ... Give it to them by organizing a series of small after-work mixers at a ...

How to Start a Small Business: 31 Steps (with Pictures) - wikiHow

How to Start a Small Business. 1,009,101 views. 115 Editors. Edited. Six Parts: Setting Out the BasicsWriting a Business PlanCovering the Legal SideManaging  ...

Checklist for Starting a Business - Internal Revenue Service

Sep 2, 2014 ... Other steps may be appropriate for your specific type of business. ... Refer also to the Small Business Administration's Steps to Starting a ...

Starting a Business - Internal Revenue Service

Sep 9, 2014 ... For information regarding state-level requirements for starting and operating a ... Rate the Small Business and Self-Employed Web Site.

Starting a Business

Maybe you have an idea for an internet business startup, or you are starting a small business from home. Do you need a business startup loan, business startup software, or just want to know the basics of how to write a great business plan?

Whether you are still in the idea stage of how to start a business, or you've already taken the first few steps, having the right resources will be critical to your success.

Startup Resources

Here are four ways to improve the odds of success for anyone who wants to start a business: 

  • Get the right people: If you can afford to, hire employees or can bring in partners when you first start a business. Studies show that well-staffed business startups have better survival rates than solo operations.
  • Get enough financing : Studies show that businesses starting with less than $50K have higher failure rates. The key is to have enough financing so your business can take root.
  • Training: If you can, attend seminars on how to start a small business offered through a local Small Business Development Center, or enroll in a college-based entrepreneurship program to learn the ropes. Many startup businesses fail because their owners don’t know basic business tasks like balancing the checkbook and managing their inventory.
  • Start at home: To keep costs low, start a home-based business.  Businesses that begin this way and then move into new space as they grow have higher success rates.

Need startup funding but can’t qualify for a loan? Consider using equipment leasing to ease that financial burden.

Starting a Small Business

There are several steps you should take before you start your business in order to guarantee its success. You can get assistance with any of these steps – as well as additional information on small businesses – from the U.S. Small Business Administration (SBA). Other ways you can prepare yourself for your new role as a startup business owner include:

  • Get free counseling and advice on how to start a business from a certified small business counselor or mentor.
  • Go online to foster the support of like-minded startup entrepreneurs. Nothing's a better motivator than involvement with a community of other entrepreneurs who are starting a small business - and sharing the ideas and information they've learned. 
  • Get expert help writing your startup business plan. A good business plan will guide you through the first phase of your startup and convince potential investors to finance your business.
  • Try franchising opportunities as your route to starting a small business.
  • Acquire a business education before you begin. Business owners who complete courses on how to start a small business have a greater chance of success. 

Risks of Starting a Small Business

The most common reasons for failure within the first few years of starting small business include competition, mismanagement, high rent and insurance costs, high debt, inability to get financing, loss of clients and difficulty with collections.

  • Making preparations in advance – such as writing a solid business plan, taking business classes, and seeking the advice of a mentor in your industry – can greatly reduce the risk of your business’s failure.

If you're ready to take the risk of the risk of starting your own business, carefully study how to start a business in your chosen market before taking the plunge. Even though business failure rates aren't as high as once believed, aspiring entrepreneurs still need to do their homework. Once you educate yourself, surround yourself with others invested in your success, and acquire enough financing, you’ll be ready to begin the process of starting your own small business.

If you’re starting a small business, be sure to get professional business plan help and apply for a business loan.

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