The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
Economic Development Specialist/Public Information Officer
U.S. Small Business Administration
10 Causeway Street, Room 265
Boston, MA 02222
Starting and managing a business takes motivation, desire and talent. It also takes research, planning and support along the way.
To increase your chance for success, take the time up front to explore and evaluate your business and personal goals. Then use this information to build a simple business plan that will help you reach these goals.
The process of developing a business plan will help you think through some important issues that you may not have considered yet. Your plan will become a valuable tool as you set out to raise money for your business. It should also provide milestones to measure your success.
Before starting out, list your reasons for wanting to go into business. Some of the most common reasons for starting a business are wanting to be your own boss, wanting to attain financial independence, wanting more creative freedom and wanting to be able to fully exploit your talents and skills.
Next you need to determine what business is “right for you.” Ask yourself a few questions, such as:
Then you should identify the niche your business will fill. Conduct the necessary research to answer these questions:
The final step before developing your plan is the pre-business checklist. You should answer these questions:
Your answers will help you create focused, wellresearched business plan that should serve as a blueprint. It should detail how the business will be operated, managed and capitalized.
The SBA Massachusetts District Office along with resource partners (Massachusetts Small Business Development Center, SCORE and Center for Women & Enterprise) regularly host FREE/low-cost educational workshops that can help you understand the process of starting a business. Please visit any of the resource partners to find out how you can get help launching your business today!