Don't paint yourself into a corner when you start a new business. We have assembled this page as a resource for you in planning for your business. The first step in starting or acquiring a new business is a look inward at the entrepreneur. Below, you will find articles and resources, including those related to helping you in the process of determining whether you have what is needed to survive the business start-up phase and go on to see a new business reach profitability. Additionally, other articles and resources are provided in other business planning areas. We have not created, contributed to, maintained, nor verified the accuracy or usefulness of some of these outside "resources." We simply provide links to them as a potential starting point for your own research. By using them, you agree that we are not responsible for their accuracy nor for the results of your use of these resources. The terms of our Web site disclaimer also apply to these links.

(Starting your own business is almost totally different than working for someone else or working in a large, established business. This article discusses characteristics, qualities, and barriers to entry, for a successful business start-up entrepreneur.)

Decide if You Should Buy an Existing Business

(Comparison of options to start a new business from scratch, buying an existing business, or buying into a franchise.)

Selecting a Name for Your Business; Domain Names, Trademarks, Service Marks, etc.

(Discussion of various issues related to picking a name for your new company, including marketing advantages and liability risks.)

Entrepreneurism: Starting a New Business; Ways to Get it Done, Partners, Employees, Consultants, Independent Contractors

(There are only so many hours in the day and only so many skill sets per entrepreneur. This article discusses various options to increase the leverage you need to start or grow your business.)

Raising Money to Start a New Business

(There are lots of ways to raise money to start a new business. Some are better than others. This article discusses some options and provides links to related resources.)

Entrepreneurial Death Traps Very good article by Frederick J. Beste III, which gives a summary of 25 of the most common errors made by entrepreneurs. This link will take you to the Venture Capital Institute Web site.

(Business First Article by Terry Boyd)

Franchising Facts; Making a Decision to Open a Franchise Means Juggling a Lot of Options

(Business First Article by Terry Boyd)

Business Research from the Global Entrepreneurship Institute

Great set of links to business research sites on the Web

 

MoneyCentral Stock Quote

Enter Symbol(s)

(Kentucky's Small Business Development Centers' Web site posts a nice Adobe format guide for building your own business plan.) Worth a look!

SBA Links

Are You Ready to Start a Business? SBA self-assessment test. Scoring is automatic and, based on your score, generates a statement of Suggested Next Steps, directing you to the most appropriate SBA resources to help improve your business preparedness.

Once the decision is made to start a business, often the next decision is either to buy an existing business or start a new venture from scratch. There are advantages and disadvantages to both options.

• Buying A Business
  The pros and cons of buying an existing business versus starting fresh.
• Choosing A Business
  Finding a profitable business to buy.
• Purchase Research
  Before making the final purchase, examine the business carefully. Use of a qualified attorney is important.
• Determining Value
  Know the elements to examine when calculating a business' value.
• Sales Agreement
  Essential elements that should be on the final sales agreement.
• Due Diligence
  Know the legal aspects of owning a business; includes zoning laws, permits, and the environment.
• Closing Checklist
  Make sure you and your attorney review the final points of the sale.
• Buying A Business FAQs
  Learn the answers to commonly asked questions regarding buying a business.