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The Small Business Start-Up Guide: A Surefire Blueprint to Successfully Launch Your Own Business
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About The Small Business Start-Up Guide: A Surefire
Product Description Filled with essential checklists, worksheets, and advice, The Small Business Start-Up Guide will get you up and running! The Small Business Start-Up Guide is a must-have for anyone starting a business. A complete overview of everything you need to know to start successfully, it will save you time, effort, and money. Discover: Which business entity is right for you How to formulate a complete business plan The ins and outs of bank laons and government assistance The pros and cons of franchising Which professionals to consult and when Everything you need to know about taxes and insurance Plus, get a great time-saving information, including: A checklist of all the things you must do when starting a business Many helpful resources, including worksheets and a complete list of state guidelines for starting a small business Where to find the best sources of information concerning all of your specific business questions and concerns Tips for finding loans and investors "The pluses and minuses for each type of organization a start-up can assume."―Wall Street Journal Right now is the time to start building the business you want! About the Author Matthew Thompson and Michael Giabrone have been partners in their successful small business for over 10 years. They live in the Chicago area with their families. Excerpt. © Reprinted by permission. All rights reserved. Introduction Small business is the backbone of the American economy. In a sense, it always has been. From the first shopkeepers of the thirteen colonies to the local restaurateurs of today, small business has been the one constant economic force in America. Today, fully one-half of all workers in the private sector are employed by the nation’s twenty-nine million small businesses. Since you’ve picked up this book, it’s likely that you are one of the millions of Americans employed by a large company, the government, or an agriculture or a nonprofit organization, or you are unemployed and looking for a change. Whatever your reason or current employment situation, you have decided to purchase this book―and by doing so, you have decided to join the small business economic juggernaut. Maybe your business will be part-time and home based. Maybe you will decide to chuck it all and go full-time, sinking all your time and money into it. Whatever you decide, you have picked our book to help guide you through the start-up, and we will do just that. The Small Business Start-Up Guide is a fact-filled account of the dos and don’ts of starting a small business in the twenty-first century. The pertinent information is presented without the clutter of gregarious psychological booster material. You can get that somewhere else. However, it is necessary to be serious and excited about your proposed business, which is why we wrote this book in a style that is easy to follow and quick to read. Although this book is intended for a beginner, an established businessperson also can use it as a reference guide or, better yet, give it to another potential entrepreneur to read. The more people who know the basic facts about starting a business, the better. What Is a Small Business? The first eye-opening fact about small business is that there’s really not much that’s small about it at all. Let’s start with the basics: according to the latest figures from the U.S. Small Business Administration, a small business is any independent company that employs fewer than five hundred workers. But small businesses also • Represent 99.7 percent of all employer firms • Employ about half of all private-sector employees • Pay 43 percent of the total U.S. private payroll • Have generated 65 percent of net new jobs over the past seventeen years • Create more than half of the nonfarm private gross domestic product • Hire 43 percent of high-tech workers (scientists, engineers, computer programmers, and others) • Are 52 percent home based and 2 percent franchises • Made up 97.5 percent of all identified e
