With few exceptions, every business begins as a small business. Some stay small, others grow as the years pass. Profitability and future growth are based on the ability to understand business operations and make good decisions.
It’s important to get off to a good start and that’s why we’ve developed this Start-up Guide. For a printable PDF version of the guide click here. The Guide is designed to walk you through the key steps and provide the essential information you will need when starting a business. While almost all start-up businesses will eventually need to consider each of these steps, you may choose to go through them in a different order than listed. Completing the Guide will give you a great start with your business.
Some of the following material was taken from the NxLeveL Guide for Business Start-ups. The Idaho SBDC offers this 10-week course throughout the state. Check our elearning section to register for the online classes.
First Steps to Starting a Small Business
Do you know what going into business means for your income, lifestyle, family, and time? Complete this section to find out.
You may think you already know what business is right for you or you may just want to be your own boss. Take the time to make a list and evaluate the possibilities.
You have a great idea but do others feel the same way? Is there a market for your product or service? Do you know how many people will buy it? Do your research before quitting your day job.
You have the skills, a great idea, and a market, but what about the money? The number one reason small businesses fail is because they did not have enough working capital to survive the first two years of operation. Be sure you do before you open your doors.
After completing the above steps, there is still much more to do. Now it’s time to make an appointment with an Idaho SBDC consultant. You will receive no-cost, confidential counseling from business experts to help point you in the right direction. They will help you through the complex maze of getting your business up and running.