Best resources to help start your small home business
Starting a small home business can be an exciting undertaking. The ability to make money working from your own home, doing what you love, and being your own boss is appealing to many people.
However, few people realize what they are actually getting into when they start a small or home-based business. Between legal requirements, licensing issues, new tax requirements, insurance, and other legal aspects that must be taken into consideration, starting a home business can also be intimidating and exhausting.
Fortunately, there are a number of excellent resources for those who are starting a small or home-based business. The following are some of the best:
Small Business Administration (SBA)
The United States Small Business Administration has an office in every state and was created as an independent agency of the federal government. The sole purpose of the SBA is to look out for the needs and interests of small businesses and is an excellent resource for you to use when starting a small or home-based business. They work to help entrepreneurs start up their businesses by assisting with all aspects of the start-up, including funding options (although they do not provide funding), laws and regulations in the state, tax requirements, and other necessary information. IN addition, they work to increase the number of women and minorities who begin small businesses by offering them special programs and help. One of the first things you should do when starting a small business is visit the Small Business Administration office in your area.
The Office of Small Business Development Centers (SBDC) is another excellent resource for small/home business owners. As a branch of the Small Business Administration, the Small Business Development Centers work to specifically provide management help and advice to current small business owners as well as those actively considering starting a home business. The SBDC is a result of the combined efforts of private individuals, educational institutions, and federal, state and local governments.
There is at least one SBDC in every state, so you should not have trouble finding one. Larger states, like Texas and California, have numerous branches. These branches are staffed with a number of people to help with management efforts for your small business, including staff and volunteers. For those who need specialized assistance with their small business, the SBCD utilizes paid consultants. This can include engineers, laboratories, and other specialized fields.
NASE, or the National Association for the Self-Employed, is another resource you will definitely want to check out if you have a small or home-based business. NASE works specifically to advise and help small business owners compete successfully with larger organizations and corporations. Theyhelp small businesses in a number of ways, including helping those who are self-employed by assisting them in finding the tools and resources needed to compete in a larger market, representing small and home business owners among legislators and law makers in Washington DC when it comes to issues and laws that will directly affect small business owners, as well as providing access to health and financial benefits.
When starting a small home business, you'll most likely notice that there are many challenges and obstacles associated with starting a business. However, there are many resources available specifically to help you start, build, and grow your new business. The ones listed above are just a few of many.