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Businesses are components of larger industries that are categorized by the goods or services they provide.
Explore this topicBudgets are essential tools that help small businesses develop their saving and spending plans.
Explore this topicThe financial aspect of running a business is an important component of a company’s operations.
Explore this topicLoans and grants are two options available for small business owners to attain funds for their ventures. Loans can be obtained from a financial institution such as a bank or through the U.S. Small Business Administration
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- Plan
Business planning is a core activity that can help the budding entrepreneur or current small business owner examine and define how they’d like their business to operate. Business planning can involve several activities, such as: environmental assessment; formulating objectives; evaluating alternatives and making choices; budgeting and implementation; and benchmarking.
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- Fund
Entrepreneurs can turn to a variety of sources to finance their startups or expansion of their businesses. Common sources of business capital include personal savings, and loans from various sources, including friends and relatives, financial institutions such as banks or credit unions, commercial finance companies, and the Small Business Administration and other government agencies.
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- Start
There are many different types of small businesses in the United States. How you choose to legally structure and set up the ownership of your business might be one of the first decisions that you will have to make as a business owner. There is no one-size-fits all approach when it comes to legal entities.
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- Manage
How are you going to manage your small business going forward – should you just maintain your business or do you also want to grow and expand? Keeping track of your finances, people management, marketing and sales efforts – all are important activities to not only keep a business running, but also can set you up for future growth.
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