Recap: Starting a Small Business

Your coaches summarize the key points you’ve learned.

Instructional Text

We hope we’ve given you some valuable insights on the possible risks and rewards of starting a business of your own. Now it’s time to review the key points we’ve covered. Image Description
First: the business owner’s experience and expertise is usually critical to success. Draw on your own job experience or do plenty of research to fully understand your new business and what it takes to make it profitable. Image Description
Second: create a business plan. It’s your roadmap to a successful future. Image Description
Third: determine how much money you’ll need to get started. Be realistic. Consider whether you want to get a loan or take on partners. Image Description
And last but not least: when it’s time to get down to business, take an organized approach. Make sure you’ve addressed all the items on your checklist – from legal and finance, to management, marketing and technology. Image Description
If you decide that starting a small business is right for you, we wish you every success! Click on the topics Managing a Small Business and Growing a Small Business to learn more. Image Description

Four things to keep in mind when starting a small business:

  • Experience and expertise is critical
  • Create a business plan
  • Obtain financing
  • Follow a checklist
  • For more information about starting a small business, click on Library. Also, see the topics Managing a Small Business and Growing a Small Business.
    Recap: Starting a Small Business