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Starting a Business
Helpful Links
Choosing the Legal Form of Ownership for Your
Business
Grant Information
Hiring Employees - What You Need to Know
Marketing - Do's and Don'ts
Marketing for Small Businesses
SBDC Loan Packet Information - PDF File
Starting a new business can be exciting and
challenging. There is much to be done during the
idea and planning phase of opening a new
business. This stage of business development is
critical to the long term success of the
business. It is common knowledge that failure
rates for new businesses are high. However,
business owners that plan properly before
opening the business increase their chances of
success.
Starting a new business requires extensive
planning and preparation which is quite time
consuming. To assist in this process, Arkansas
Small Business Development Center offers a
variety of services to assist new business
owners.
Recommended Action Steps for Starting a New
Business
For those of you who are planning to start a
new business, the ASBDC recommends that you
follow these action steps. These steps will help
you as you determine whether or not you want to
start a business as well as consider the
feasibility of your chosen business.
These steps are designed to help you learn about
the critical issues related to starting a new
business and guide you through the planning
process.
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Step 1: Attend the Starting a
Business in Arkansas Seminar -
Live and
Online
This seminar is offered by ASBDC on
a regular basis at locations
throughout the state. It is highly
recommended to those who are new to
small business ownership. This
seminar covers topics such as issues
to consider when going into
business, business feasibility and
planning,
license, permits, and tax
requirements, and financing
considerations.
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Step 2: Develop a Business Plan -
Writing a Business Plan
Developing a business plan is one of
the most critical steps in starting
a new business. Not only will
developing a plan improve chances
for business success, but it can
also serve as a communication tool
for potential lenders in obtaining
financing for the business. To view
a sample business plan, please click
here. Other articles obtaining
to writing a business plan include:
"Do's and Don'ts of Writing a
Business Plan"
"Business
Plan Outline"
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Step 4: Finalize Start-Up
Requirements
Once you have secured financing for
the business, you can take care of
issues such as obtaining licenses
and permits, signing leases, making
purchases, and opening.
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Training Opportunities
The ASBDC offers a wide variety of
live
and online classes
to those who are interested in starting a
business. The first course recommended to
those who are considering starting a
business is
"Starting a Business in Arkansas".
Frequently Asked Questions
The ASBDC provides answers to common
questions often asked by those who are
considering starting a business.
Arkansas Residents - If you need
additional assistance in answering questions
about starting a business, please contact
your local SBDC
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