Tips on Starting A Small Business
Starting your own small business is an exciting, rewarding way to make a living. If you're dreaming of launching a business venture but don't know where to start, this blog post will provide you with the advice and resources needed to get your company off the ground.
In this article, we will review the basics of starting a small business from scratch and provide links to resources that will help you succeed in your new endeavor. Consider these five steps:
1) Find a Market Need – What problem do you have that other people have too? 2) Create Your Offer – Describe what it is that you can offer them. 3) Build Your Brand – Build trust with your market and clients. 4) Start Growing – Hire additional staff and increase sales. 5) Continue to Grow – Plan for expansion of your business.
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Articles on starting a small business: http://www.small-business-solutions.com/index.php?page_id=14 http://www.small-business-solutions.com/index.php?page_id=12 http://www.ehow.com/how_8699490_start-own-small-business.html
Forbes article, "How To Start A Small Business That Will Last" https://www.forbes.com/sites/douglasmeyer/2014/05/15/how-to-start-a-small-business-that-will-last/#31d08fc68c28
Forbes article, "How to Start a Small Business - The Essential Guide for Inexperienced Entrepreneurs" http://www.smallbusinesssolutions.com/?page_id=13
A meta study of the effectiveness of small business associations (SBA), how the SBA benefits entrepreneurs, and whether these benefits are worth their high cost: A case study: SBA's at the state level, Mark Thirlwell and Alexi Stoyanov, NBER Working Paper No. 20735, http://www.nber.org/papers/w20735
A free resource for entrepreneurs: http://smallbusinesssolutions.com/
The role of the SBA in making small business loans more easily accessible: If the Small Business Association Is Good for the Big Businesses, Should It Be Good for Small Business? by Walter J. Oleszek and David Neumark http://www.microfoundations.org/sites/default/files/MicroFoundations_V7_0_web_508-721.pdf
The use of a government intermediary to support small business: An Economic Analysis of Government Intermediation in U.S. Industries, By Miles Corak and Professor Joseph Stiglitz of the Department of Economics at Cambridge University, http://www.jstor.org/stable/10.1086/659538
The SBA is not providing enough support to small business: Why private small business involvement is better for state economies in general and for New York State in particular, by Barnett R. O'Hulse and Stuart E. Roosa, http://www.jstor.org/stable/10.2307/2102043
Subsidizing small business through a government-supported intermediary: The New York State Small Business Growth Initiative , http://sbaonline.sba.gov/advo/research/rs341tot.pdf
The role of the SBA in helping small business to succeed: The role of the Small Business Administration: Improving access to capital, by Richard Anderson et al., NBER Working Paper No. 16685 http://www.nber.org/papers/w16685
The SBA's performance in providing support for small business: An Analysis of the Impact of Small Business Administration Grants, by Vikram Maheshri and James W. Simeon, Federal Reserve Bank of St. Louis Working Paper No. 08-07 http://research.stlouisfed.org/wp/2008/2008-007.pdf
The performance of the SBA and its loan program: An Empirical Analysis of Federal Loan Guarantees: 1982-2003, by Daniel Kuehn, Federal Reserve Bank of St. Louis Working Paper No. 08-031 http://research.stlouisfed.org/wp/2008/2008-031.pdf
The role of government support for small business in general and the SBA in particular: The Role of Government Support for Small Businesses, by Todd Sinai https://www2.ucsc.edu/whorulesamerica/power_elite_and_policymaking/role_governmentsupport_small_businesses.html
A criticism of government support to small business in general, and the SBA in particular: The Role of Government Support for Small Businesses, by Todd Sinai https://www2.ucsc.edu/whorulesamerica/power_elite_and_policymaking/role_governmentsupport_small_businesses.html
A discussion of the effectiveness (or ineffectiveness) of federal support for small business: Government Support to Small Businesses http://www.localgov.org.uk/documents/Government%20Support%20to%20Small%20Business.pdf
The use of an SBA intermediary for small business finance: http://www.aafjournals.org/doi/abs/10.17861/j.sbs.2014-0311.201403081202
A discussion of whether SBA loan programs are cost-effective: The Economic Contributions of the SBA's Microloan Program, by Ryan A. Munroe and Paul Hartzog http://www.nber.org/papers/w18077
A detailed (if outdated) list of US state and federal agencies that provide services to small businesses: http://www.stateandfedgov.com/business-services/
An article on how the use of an SBA intermediary can discourage small business growth: Federal Intermediation in U.
Conclusion
In this article, we've discussed how to start a small business from scratch. We focused on the best sources of information that you can use in your first days as an entrepreneur. In addition, we've covered various tools and resources that can help you manage your business efficiently and effectively. You should now be well equipped to deal with the challenges of starting a small business and feel confident launching your own startup.
If this guide was useful to you, please share it with others! If you have experience or other resources related to starting a small business, leave a comment below.