If you're planning to start a small business, then you're in good company. According to the Small Business Administration (SBA) more than 600,000 new businesses are launched every year. Many of these businesses had some help getting started, which is important because the SBA says that more than 50 percent of small businesses fail within their first five years of operation. Before you launch your fishing rod & reel repair business, there are resources you will want to tap in order to ensure your business gets off to a solid start.
- The Small Business Administration says that they offer "programs and services to help you start, grow and succeed." This is important, because the SBA is the federal government entity working on behalf of small businesses. The SBA website is a good place to begin, as they offer free planning tools, podcasts, standard operation procedures (SOPs) and the forms necessary to seek financial assistance. Visit the SBA site to get started.
- Also known as the Service Corps for Retired Executives, SCORE is known as "counselors to America's small businesses" and is a service partner of the SBA. A non-profit organization, SCORE is staffed by volunteers who provide free business mentoring for small business owners. These volunteers were executives themselves who share their experiences to help businesses succeed. Contact SCORE at (800) 634-0245 to find a chapter in your area.
- Each state offers varying levels of support for small businesses. For example, in New York there are 24 regional centers of the Small Business Development Center that offer business training and counseling for New Yorkers planning to start a business or improve their existing business.
In Missouri, the state offers detailed instructions from the Secretary of State's office on how to do business, including what forms, fees and documents are needed. The state also provides links to other resources benefiting small businesses, including extension programs from the University of Missouri, Missouri Business Development programs, loan information from financial institutions and more.
Check with your Secretary of State to learn what programs are offered where you live. - For specific support regarding establishing a rod and reel business, consider purchasing an ebook titled, "How To Start Your Own Rod & Reel Repair Business." This 70-page book offers details about supplies and equipment; suggested office supplies; marketing your rod & reel business; the reel repair process; and more. Visit www.rodreelrepair.com to learn if this book might be of help to you.
- Business plan software can help you lay a foundation for your start-up. Consider joining a local rod and reel club to network with other members and to gauge demand for your business. Learn who your competitors are and gather as much information as possible about your niche before you move forward with your plans. The more thorough the planning, the more likely you'll know what to expect once you launch your business.
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