1. Exploring the Possibilities of Starting a Small Business?
Discover what it takes by charting your course with…
Small Business Basics Training

2. Small Business Development Introduction
Session 1
Small Business Development Introduction

3. Small Business Development Introduction Graduates and Self-Employment
Around 5% of graduates report they are self-employed after graduation
This percentage is higher in subjects such as art and design (64.6%), textile designers (34.6%), and musicians (85.3%)
A recent gallop poll indicated 67% of student strongly prefer to be self-employed

4. Small Business Development Introduction Graduates and Self-Employment
Being your own boss
Freedom from the 9-5 daily work routine
Doing what you want when you want to do it
Improving your standard of living
Boredom with your present job
Having a product or service for which your feel there is a demand

5. Small Business Development Introduction Small Business Development Center Network
Nationwide – 1000 Centers
Statewide – 40 Centers
Terra State Community College
(Erie, Ottawa, Sandusky, & Seneca Counties)

6. SBDC Services are FREE of Charge
Small Business Development Introduction Small Business Development Center Strategic Plan
Mission…help people get into business, stay in business, and grow their business
Vision…make small businesses more successful
Services…training and counseling
SBDC Services are FREE of Charge

7. Small Business Development Introduction Small Business Development Center Funding
Small Business Administration
Ohio Development Services Agency
Terra State Community College

8. Small Business Development Introduction Presenter’s Background
Business Education
Small Business Ownership
Small Business Training & Counseling

9. Small Business Development Center Presenter’s Contact Information
Bill Auxter, Director
Ohio SBDC at Terra State Community College
Building D, Suite D-201, Office C

10. Small Business Development Guide
Session 2
Small Business Development
Guide

11. Small Business Development Guide Business Entities
Ohio Secretary of State,
Sole Proprietorship
Partnership (General or Limited)
Corporation (C-Corp or S-Corp)
Limited Liability Company (Partnership)
Non-Profit Organization
Click on “Business Basics – Guide”

12. Small Business Development Guide Name Registration
Ohio Secretary of State,
Doing business as a name other than your legal name, you must register it
Fictitious Name Registration
Trade Name Registration
Corporate Name Registration
Click on “Business Basics – Guide”

13. Small Business Development Guide Licensing & Permits
First Stop Business Connection,
Menu of Business Types – Checklist of
Regulations & Requirements
“Starting Your Business in Ohio” Publication
Click on “Business Basics – Guide”

14. Small Business Development Guide Vendor’s License
Ohio Department of Taxation,
Ohio Business Gateway
County Auditor’s Office
Regular Vendor’s License
Transient Vendor’s License
Certificate of Exemption
Click on “Business Basics - Guide

15. Small Business Development Guide Tax Requirements
Federal Taxes,
Ohio Taxes,
Local Taxes – city, township, county, & school
Click on “Business Basics – Guide”

16. Small Business Development Guide Employer Requirements
Employer Identification Number (EIN),
Immigration Law,
New Hire Reporting,
Wages and Hour,
Unemployment,
Worker’s Compensation,
Employee Rights,
Click on “Business Basics – Guide”

17. Small Business Development Guide Professional Advisors
Accountant
Attorney
Insurance Agent
Bankers/Lenders
Financial Advisors
Other Service Providers
Mentors

18. Small Business Development Guide Sources of Assistance
Ohio SBDC at Terra State,
Small Business Development Centers of Ohio,
Ohio Development Services Agency,

19. Small Business Development Guide Sources of Assistance
Association of Small Business Development Centers,
Small Business Administration,
Service Corps of Retired Executives (SCORE) – Toledo,
Local Chambers of Commerce
Local Economic Development Organizations

20. Small Business Development Planning
Session 3
Small Business Development
Planning

21. Small Business Development Planning Business Plan Functions
Acts as a Feasibility Study
Tool for Obtaining Financing
Serves as a Management Tool

22. Small Business Development Planning Business Plan Narrative
Statement of Purpose
Description of Business
Marketing Plan
Competition
Location
Organization Plan (Management and Personnel)
Click on “Business Basics – Bus. Plan Narrative”

23. Small Business Development Planning Business Plan Financial Pro Forma
Financial Requirements
Amortization Schedule
Pro Forma Income Statement
Pro Forma Cash Flow Analysis
Pro Forma Balance Sheet
Industry Standard Income Data
Click on “Business Basics – Bus. Plan Pro Forma”

24. Small Business Development Planning Small Business Funding
Private Funding
Public Funding
Hybrid Funding

25. Small Business Development Planning Checklist – 1st Things 1st
Register with the Ohio Secretary of State (
Obtain your EIN from IRS (
Open a bank account
Contact the Ohio Department of Taxation (
Report hired employees (

26. Small Business Development Planning Check-list – 1st Things 1st
Contact the Ohio Bureau of Workers’ Compensation (
Contact the Ohio Department of Job & Family Services (
Obtain the proper licenses and permits ( and

27. Exploring the Possibilities of Starting a Small Business?
Questions and Answers