Business Startup Tools

GETTING STARTED

 

When starting a small business, there are many details that must be addressed. You can save yourself considerable time, money and trouble by determining what needs to be done ahead of time.

First, you must choose the right business for you. Choosing just any business is okay; choosing one that appeals to your passion is great! Next, learn as much as possible about the endeavor you are about to embark upon, there are numerous resources available to help you during this process. Obtain all economic and operating data on the business in question; determine who and where your target market will be, what facilities will be needed to serve them, and where your prime location will be.

The Doing Business in Carroll County guide will answer many of your questions and provide needed resource referrals.  Next, the Checklist for New Businesses is a great tool for setting up your business legally and in accordance with state and federal tax guidelines.

You will also need to prepare a business plan, which is a formal document explaining in some detail your plans to develop a financially successful business. The following reasons stress why this is so important:      

1.  Preparing a business plan will force you think through every aspect of your business.

2.  A business plan will serve as your assessment tool, and help you keep track of where you are and where you are going.

3.  A business plan will be required if you need the help of outside investors or private lenders.

 
For assistance in developing a business plan, our partners at the Small Business Development Center (SBDC) at the University of West Georgia, provide a required 'Starting a Business' class.  To register for this affordable training call 678-839-5082, or visit www.uwgsbdc.org for additional information and training schedules. 

SCORE Counseling is another resource that can provide you one-on-one assistance.

Other resources:

SBA Business Assessment Tool

No Free Money

Georgia Small Business Helpful Links