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, businesses 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.
For those who are planning to start a new business, the ASBTDC recommends that you follow the ASBTDC Recommended Action Steps for Starting a New Business. 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.
The first course recommended to those who are considering starting a business is "Starting a Business in Arkansas". The ASBTDC also offers other training programs of interest to those who are starting a business. Live classes as well as online courses are available.
The ASBTDC offers helpful information and tools to those who are starting a business. A great deal of information is available online.
Obtaining financing to start a business can be challenging. Therefore, it is important to consider the realities of obtaining financing. Information on obtaining financing can be found at the following links:
Writing a business plan is an important step in starting a new business. The ASBTDC offers a variety of services to those who are in the process of writing a plan. The following link provides more information and tools for those in the process of writing a business plan:
The ASBTDC provides answers to common questions often asked by those that are starting a new business.
Arkansas residents who need additional assistance in answering questions about starting a business, contact your local SBTDC office.