New Business Start Up Resources

There is no way to eliminate all the risks associated with starting a small business. However, you can improve your chances of success with good planning and preparation.  A good starting place is to evaluate your strengths and weaknesses as the owner and manager of a small business. Carefully consider each of the following questions.

You have decided to start a business. This is both an exciting and demanding time. The checklist at the link below is meant to help new business owners by providing a list of the most common start-up steps. Depending on your particular industry, additional steps may be required for your particular business.

A business plan precisely defines your business, identifies your goals and serves as your firm’s resume. The basic components include a current and pro forma balance sheet, an income statement and a cash flow analysis.  It helps you allocate resources properly, handle unforeseen complications and make good business decisions.

Feasibility studies are important to business development. They can allow a business to address where and how it will operate. They can also identify potential obstacles that may impede its operations and recognize the amount of funding it will need to get the business up and running.

When it comes to marketing your business there are some important questions to ask yourself. These questions can help you develop a marketing plan.

For additional online business resourcesvisit the below links.

• www.wiusbdc.org
• www.ileda.org
• www.rd.usda.gov
• Area Banking & Financial Institutions
• Area Contractors