Thinking about Starting a Business ?
People start their own businesses for a variety of reasons: for some it’s because it’s always been their dream to own their own business; for others it’s because an opportunity has presented itself; some may have to start a business out of necessity. No matter the reason you’re starting a business, you need to ask yourself these questions as you prepare to get started:
- What are the necessary skills needed to run a business? Do I have those skills already or do I need to work on developing those skills?
- How much it is going to cost to start my business? How much of my own money do I have to invest?
- Are there local, state or federal permits, licenses, rules and/or regulations that apply to my business?
- Will people want what I have to offer? Who are these people and how will I reach them?
- Will I be able to sell myself and what I have to offer?
You need to seriously consider your experience, knowledge, skills, and talents, the financial commitment you are willing and able to make, and how much time you can commit to the business. Owning a business is not for everyone!
There are many more questions to ask yourself…and it’s extremely important to ask for help! We’ve provided some helpful articles below, as well as information about SBDC assistance.
Read These Articles:
- Create Your Business Plan – SBA.gov
- “Many businesses say they target ‘anyone interested in my services.’ Some say they target small-business owners, homeowners, or stay-at-home moms. All of these targets are too general.” Read more: How to Define Your Target Market – Inc.com
- Can Small Businesses Receive Federal Grants?
- Small Business Grants: The Facts and the Fiction
- Starting A Small Business: Financing Your Business
- 10 More Creative Ways to Finance Your Startup – Forbes.com
- Improving Your Credit is Key When Starting a Small Business
- How to Name a Small Business: Keep It Short and Sweet – nerdwallet.com
- Not familiar with buying health insurance? Click here to learn more about Pennie, the Health Insurance Marketplace for Pennsylvanians.
- Need help with computer skills? Try your local library! Lackawanna County residents can access the Computer Learning Lab by clicking here.
If you are considering starting your own business, attend the SBDC’s The First Step: Starting Your Business Workshop and learn what it takes to start and operate a small business in Pennsylvania. Click here to visit our training page where you will find live webinar options and sessions you can view On-Demand. For On-Demand programs, scroll down to “Starting Your Business.”
Check out our SBDC Mobile App.