ENTREPRENEURSHIP 101

Starting your own business can be an exciting time; it can also be one of uncertainty and anxiety,

There is a lot to consider, from location and start-up costs, to finding qualified help. We take the guesswork out so you can focus on the pride of being an entrepreneur and making an impact in your community.

We have created this how-to guide to answer all the typical questions you might have about the process involved, as well as local permitting and construction steps to fast track you on the path of prosperity.

Starting/Expanding Your Business Frequently Asked Questions

We have created the following FAQ to answer the most common questions you will likely have when starting or expanding a business, from permitting and construction steps, to financing and other needs you might have. Just like your business, processes evolve and change over time, so this guide will change to keep up with current trends.

I WANT TO…

Certify my business as a “small business”:  Being your own boss can be exciting; it can also be advantageous. Remaining competitive with other businesses is critical and if you are certified by the Small Business Administration as a small business, this can open more doors of opportunity. Certified small businesses can get exclusive bidding opportunities for government contracts; in order for this to occur, you must first register and seek certification.

You can check here to make sure you meet the criteria to apply.

 

 

 

When considering a start-up, the Small Business Administration (SBA) says there are 10 common matters to consider. We’ve got you covered with links to tips on getting started:

  1. Your business plan: A well-written plan will lead to quicker approvals for many steps, such as permitting and financing.
  2. Business assistance and training: You’re not alone in this; there is assistance out there for your critical needs.
  3. Location: You know the expression: location, location, location. It’s one of the most important determining factors in business success.
  4. Fund your business: Loans are often needed for operating costs in the initial business phases.
  5. Choose a business structure: The business structure you choose influences everything from day-to-day operations, to taxes, to how much of your personal assets are at risk.
  6. Registering your business: What’s in a name? A lot; it’s your character, your vision, your creativity, your identity.
  7. Taxes: They’re a necessary part of doing business.
  8. Permitting: Knowing what permits and licenses you’ll need to operate is essential.
  9. Knowing your roles: You can only do so much. At some point, you might have to throw in the towel and hire some help.
  10. Here for you: Find your local SBA office for more help.