1.03 Identify sources of business start-up information.

Slides:



Advertisements
Similar presentations
Identify sources of business start-up information
Advertisements

1 Licensing or Startup? The C-Print® Story… Pamela Francis NTID.
Market and industry analysis
B. OVERVIEW OF SMALL BUSINESS
Develop a Business Plan
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
The Small Business Administration n Established in 1953 n Government funded organization that helps small businesses to get started and to.
BUSINESS PLAN How do you make a business Plan?
Exploring the Possibilities of Starting, Buying or Expanding a Small Business? Discover what it takes by charting your course with… Small Business Basics.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Identify sources of business start-up information
Starting a Business CCCBI – 1600 Paoli Pike, Malvern, PA – (P)
Marketing Techniques for the Hospitality Industry Hospitality Services.
Chapter 5 Feasibility & Business Planning
The Business Plan A business plan is a document that sets out the basic idea underlying a business and describes related startup considerations. It should:
Free Enterprise System
Lesson 3.3 How to Create an Effective Business Plan
Sources of Assistance Available to Entrepreneurs (The logos used in this PowerPoint were copied directly from corporate websites. They have not been altered.
HOME-BASED AGENTS Welcome to Unit 7. Review of unit reading material from textbook: Travel Career Development 8 th ed. Authors: Gagnon,P. & Houser, S.
Leadership by the President “The role of government is not to create wealth, but to create an environment where entrepreneurs can flourish. “The role.
The Business Plan We are starting a new business. We discussed three steps for starting that business. What was the first step? DEVELOPING A BUSINESS CONCEPT.
Bill Ritter – SCORE District Director Upstate NY Districts
Assistance for the Asking By Your Name. Why do we need Assistance ? Since everyone that owns a business is not always completely business savvy in every.
To start a new business, buy an existing business, or buy a Franchise
4-1 McGraw-Hill/Irwin© 2006 The McGraw-Hill Companies, Inc. All rights reserved.
Business Plans Obj Purpose & Use Describes a new business Uses: –To obtain financing Lenders need to know what you plan to do & how you plan.
Chapter 3 Business Plan Miss Dinnella.
1.03 Identify sources of business start-up information.
B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Describe sources of assistance available to entrepreneurs. (The.
PowerPoint Presentation  Section 5.2  Pages
SOURCES OF BUSINESS START-UP INFORMATION obtaining start-up information Obtaining start-up information will help develop a road map/blueprint for.
1.03 Identify sources of business start-up information.
****************** Part 2: How to Plan and Organize a Business 5.Becoming the Owner of a Small Business 6.Planning, Organizing, and Managing a Small Business.
Entrepreneurship: Ideas in Action 5e © 2011 Cengage Learning. All rights reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible.
Entrepreneurship: Ideas in Action © Cengage Learning/South-Western ChapterChapter Develop a Business Plan 3.1 Why a Business Plan is Important 3.2 What.
FEASIBILITY AND BUSINESS PLANNING CHAPTER 5. DEVELOPING A BUSINESS CONCEPT Once you have an idea for a new business, define it by writing a clear and.
Copyright Copyright © Texas Education Agency, These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency.
5.3 Create an Effective Business Plan
How to Create an Effective Business Plan UNT in partnership with TEA, Copyright © All rights reserved.
Develop a Business Plan
1.03 Identify sources of business start-up information.
Chapter 5: Develop a Business Plan. Turning An Idea Into A Business page 105 Read the article on page 105 Answer questions under “What do You Know?” on.
B. OVERVIEW OF SMALL BUSINESS 1.03 Acquire information to guide business decision-making 1.03 What is the value of obtaining business start-up information.
How to Create an Effective Business Plan Entrepreneurship Unit 3, Lesson 2 Copyright © Texas Education Agency, All Rights Reserved 1.
1 An Overview of SBA Programs Herbert Austin District Director U.S. Small Business Administration Dallas/Fort Worth District Office 4300 Amon Carter Blvd.
Identify Your Market Entrepreneurship Unit 4, Lesson 2 Copyright © Texas Education Agency, All Rights Reserved 1.
Developing a Business Plan Why a Business Plan is Important What Goes into a Business Plan? How to Create an Effective Business Plan.
A written document that describes all the steps necessary in opening and operating a successful business.
How to Create an Effective Business Plan
B. OVERVIEW OF SMALL BUSINESS
Objective 4.04 Understand Marketplace Experience
Unit 3.1: Understanding the Usefulness of a Business Plan
Understand Opportunity
B. OVERVIEW OF SMALL BUSINESS
Identify sources of business start-up information
Identify sources of business start-up information
Identify sources of business start-up information
How to Write a Business Plan and Start a Business in South Carolina
Entrepreneurship: Starting a Business
B. OVERVIEW OF SMALL BUSINESS
Introduction to Entrepreneurship
B. OVERVIEW OF SMALL BUSINESS
The Small Business Administration
OVERVIEW OF SMALL BUSINESS
Entrepreneurship: Starting a Business
Government Agencies Important to Small Businesses
Unit 3.1: Understanding the Usefulness of a Business Plan
Unit 3.1: Understanding the Usefulness of a Business Plan
Exploring the Possibilities of Starting a Small Business?
Discover what it takes by charting your course with…
Presentation transcript:

1.03 Identify sources of business start-up information

Explain the value of obtaining start-up information  Obtaining start-up information will help develop a road map/blueprint for your business and your potential success  Start-up information can help answer WHO, WHAT, WHY, HOW, and WHEN  Developing a plan of action is the FIRST step!

business start-up Questions  Consider whether or not your product or service meets the needs of your target market  Who is going to purchase your product or service?  Are there already products or services which your customer base would purchase if you offered them?  Is anyone else producing your product or offering a similar service?  Look at the industry - is it a growth industry or is it in decline?  Look at pricing locally & nationally – are you able to price competitively

More information to consider  Necessary licenses that may be required in order to operate your business  Cost of advertising and supplies  Payment of taxes  See needtosucceed.htm and twopathstostart.htm needtosucceed.htm twopathstostart.htm

Government sources of information Small Business Administration (SBA) Service Corps of Retired Executives (SCORE) Small Business Institute (SBI) Department of Development (DOD)

Government Sources continued  U.S. Department of Commerce  Federal Trade Commission (FTC)  Internal Revenue Service (IRS)  Small Business Development Center (SBDC)  The State Department of Labor  Workers’ Compensation Board

Online sources of information  All of the previous sources can be found online as well. For example: An excellent free resource is 'Service Corps of Retired Executives' at online where retired executives offer free guidance. For absolutely no charge, you can questions about your business start-up and receive professional advice. online If you are considering creating an internet based business, 'Secrets to Their Success' is a website with helpful interviews and case studies, from which you can learn from other small business successes.

More online sources       

Professional services that provide assistance  Attorneys  Accountants  Insurance agents

Trade associations/professional organizations that provide information  The Entrepreneurs Organization (EO)  American Marketing Association (AMA)  Professional Beauty Association  The American Culinary Federation, Inc (ACF)  International Fitness Professionals Association (IFPA)  LinkedIn  Entrepreneur Meetup groups or groups in your industry  Toastmasters  Women business owners groups  Minority groups, etc.  See ur.com/article/ ur.com/article/58210 The benefits of being involved with a professional organization are limited only by the individual member