Need Some Help with Your Small Business or StartUp Company?
First: Do you have your business idea chosen?
Normally when people start a new business, the area of product or service is already the owner's area of expertise. Such as an auto mechanic may open a new service garage, or an Information Technology Specialist may start up a Consulting business. For some ideas you can check the Business News Daily Article here.
If you want to start a small business but do not know what product or service to invest your time and resources on, you may want to consider researching available franchise opportunities. A franchise is normally defined as an agreement or contract between an owner of a chain of stores that allows independent business owners the right to market their products or services for a fee. There are normally requirements that also have to be met, such as:
A good example of a franchise are fast food restaurants, motel chains, and Hair Salons. For the Entrepreneur.com's 2016 list of top 500 Franchises, click here. I also found these sites that offer services to match up business owners and available franchises: FranchiseHelp and Franchiseforsale.
The next steps in your small business idea is to have a plan. You will need to consider several areas when developing your plan such as:
The list above is not a complete list, nor will it apply to everyone. You do need a place to start though.
Now, lets talk more about your Business Plan.
You will need a plan to ensure that you do not forget any important tasks or requirements and to provide you with goals and objectives to work toward normally with an end date. If you need help creating your business plan, the Small Business Administration (SBA) has a guide here.
The SBA also has several very good, and free, educational resources:
Ebay also has several "Dummies" books for more educational resources. I found books to help with taxes, human resources, networking, financial management, and marketing.