1. Business Basics How to Start a Business Presented by the Central Ohio Minority Business Association & the Columbus Minority Business Assistance Center J. Averi Frost, Director Columbus MBAC

2. This workshop will cover: O The Pros and Cons of Business Ownership O The Business Start-Up Checklist O Tools to Use O Tips to Remember

3. The Pros and Cons of Business Ownership Pros Cons O You’re the boss O You’re in control O Less stress, flexible hours O No limit to your success O No limit to how much you can make! O If there’s a problem, it’s on you. O Start-up phases take time to complete O You may not get paid for long periods O Extra hours O No guarantees your business will succeed

4. Business Startup Checklist 1) Select a Name and determine you Legal StructureName 2) Obtain your Federal Employer Identification Number (FEIN) Obtain 3) Open a company bank account 4) Determine business location 5) Secure your website domain name and email addresseswebsite domain

5. Business Startup Checklist 6) Obtain licenses and permits. Check the 1 st Stop Business Connection1 st Stop Business Connection 7) Set up an accounting and record-keeping systemrecord-keeping 8) Obtain Business Insurance 9) Systemize and Organize 10) Develop your Business Identity

6. Tools to Use O Manta.com Manta.com O The Ultimate Business Card Design Kit The Ultimate Business Card Design Kit O DSA Financing Options DSA Financing Options O 1 st Stop Business Connection 1 st Stop Business Connection O IRS Small Business & Self-Employed Tax Center IRS Small Business & Self-Employed Tax Center O COMBA and the MBAC COMBAMBAC

7. Final Tips O Take advantage of free and low-cost resources. O Use your time wisely, but take the time to get set up correctly. O Be creative in your approach, make yourself unique!

8. To schedule an appointment to discuss starting your business, please call (614) 252-8005 To view more information about COMBA and the MBAC, click on the logos below!