1. How to Get Started in Business… GEAR UP DAY Presentation by the Small Business Development Center at Terra State Community College

2. How to Get Started in Business… Students 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

3. How to Get Started in Business… Small Business Development Center Assistance 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

4. How to Get Started in Business… Check-list: Business Entities Ohio Secretary of State, www.sos.state.oh.uswww.sos.state.oh.us Sole Proprietorship Partnership (General or Limited) Corporation (C-Corp or S-Corp) Limited Liability Company (Partnership) Non-Profit Organization www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Guide”

5. How to Get Started in Business Check-list: Name Registration Ohio Secretary of State, www.sos.state.oh.uswww.sos.state.oh.us Doing business as a name other than your legal name, you must register it Fictitious Name Registration Trade Name Registration Corporate Name Registration www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Guide”

6. How to Get Started in Business… Check-list: Licensing & Permits First Stop Business Connection, www.business.ohio.gov/starting www.business.ohio.gov/starting Menu of Business Types – Checklist of Regulations & Requirements “Starting Your Business in Ohio” Publication www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Guide”

7. How to Get Started in Business… Check-list: Vendor’s License Ohio Department of Taxation, www.tax.ohio.govwww.tax.ohio.gov Ohio Business Gateway County Auditor’s Office Regular Vendor’s License Transient Vendor’s License Certificate of Exemption www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics - Guide

8. How to Get Started in Business… Check-list: Tax Requirements Federal Taxes, www.irs.govwww.irs.gov Ohio Taxes, www.tax.ohio.govwww.tax.ohio.gov Local Taxes – city, township, county, & school www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Guide”

9. How to Get Started in Business… Check-list: Employer Requirements Employer Identification Number (EIN), www.irs.gov www.irs.gov Immigration Law, www.immigration.govwww.immigration.gov New Hire Reporting, www.oh-newhire.comwww.oh-newhire.com Wages and Hour, www.com.state.oh.uswww.com.state.oh.us Unemployment, www.state.oh.us/odjfswww.state.oh.us/odjfs Worker’s Compensation, www.ohiobwc.comwww.ohiobwc.com Employee Rights, www.stat.oh.us/crcwww.stat.oh.us/crc www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Guide”

10. How to Get Started in Business… Check-list: Professional Advisors Accountant Attorney Insurance Agent Bankers/Lenders Financial Advisors Other Service Providers Mentors

11. How to Get Started in Business… Check-list: Business Plan Functions Acts as a Feasibility Study Tool for Obtaining Financing Serves as a Management Tool

12. How to Get Started in Business… Check-list: Business Plan Narrative Statement of Purpose Description of Business Marketing Plan Competition Location Organization Plan (Management and Personnel) www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Bus. Plan Narrative”

13. How to Get Started in Business… Check-list: Business Plan Pro Forma Financial Requirements Amortization Schedule Pro Forma Income Statement Pro Forma Cash Flow Analysis Pro Forma Balance Sheet Industry Standard Income Data www.terra.edu/ContinuingEducation/SmallBusinessDevelopment.html Click on “Business Basics – Bus. Plan Pro Forma”

14. How to Get Started in Business… Check-list: Small Business Funding Private Funding Public Funding Hybrid Funding

15. How to Get Started in Business… Contact: Small Business Development Center Bill Auxter, Director Small Business Development Center Terra State Community College 2830 Napoleon Road, Fremont, Ohio 43420 Building D, Suite D-201, Office C Office Phone: 419-559-2210 Email: bauxter@terra.edubauxter@terra.edu