SBA Revamps Website to Help Entreprenuers

Recently the Small Business Administration or SBA has upgraded the way they do business online, with the introduction of their user friendly browsing tools specifically designed for emerging business owners. These tools will allow them to add to their customer base while expanding on their recruitment of new employees. The SBA Learning Center has simplified it's search catalog, so that anyone can use it therefore spending less time going through loads of pages to find specific instructive videos or classes that they are searching for. The SBA has become 'a one stop shop' for emerging business owners to do everything from creating their business plan to quickly finding out the exact information they need to market their business.

Business owners can enjoy SBA's affiliate partner resources which include access to e learning material for their businesses from other third party colleges and organizations. The great thing about these SBA affiliated programs is that business owners will have access to both the tools as well as friendly counselors who are their to assist with any questions that may arise. It's a win win situation for all! Being that the internet is so cost effective for start up business marketing and attracting a loyal following globally, both the SBA and their affiliate partners are committed to training business owners on the most current social media applications that are being used for business.

The site now offers:

Online Classes

Tips for Disaster Planning and Recovery

Step-by-step Help For Creating a Business Plan

Marketing Planning Tips

Connection to Local Counselors

Event Calendar for Local Events

If you have questions about structuring your business or what licenses and permits you need, this is a good place to start.

Visit SBA.gov, for help.

Related posts:

Start a Business Journal

Free Marketing: 101 Low and No Cost Ways to Grow Your Business Online

Taking Your Business Into 2012

Read More

How to Overcome Isolation when Working at Home

There are immeasurable benefits when working from home including having a flexible schedule, making your own decisions, reduced stress, and increased productivity. If you ask home-based entrepreneurs, they will usually tell you that the advantages far outweigh the disadvantages. But, one downside to working at home is isolation. You may start to miss the hustle and bustle of a busy office, having lunch with co-workers, social interactions during the day, and a structured workday. Here are a few suggestions to help you avoid the “home alone” syndrome as a home-based business owner.





Make Local Connections

We often get so caught up in what we are doing that we simply forget to reach out to our community for support. Even if your business doesn’t rely on local customers, you can still benefit from networking locally. Join small business networking groups, civic groups, the Chamber of Commerce, or if you are female, a women’s business group. Your objective is not necessarily to find clients but to make contacts. You may meet a banker who can help you with a small business loan, an accountant who can answer simple questions for you, or an insurance agent who can help you find more affordable health insurance. Once people in your community learn what you do for a living, they may ask you to sell things on consignment for them or to teach them how to sell on line. Many times, you can trade services with another local business and everybody wins.



Create a Daily Schedule

Having a daily schedule will help you be more productive as well as keep you focused. Granted, one advantage to working for yourself is the ability to have a flexible schedule. But if your day is too unstructured, you may find yourself drifting from one task to another and nothing is accomplished. Set aside certain times of the day for specific projects, or certain days for specific tasks. For example, some sellers do their shipping in the morning, listings in the afternoon, and set aside 2 days a week strictly for acquiring inventory. Do what works for you, but try to create a pattern and some continuity in your workdays.



Do Something Recreational

Just because you work at home doesn’t mean you have to work 18 hours a day and are not allowed to have a life! Join a gym or yoga studio, take Zumba classes, join a book club, or volunteer at the animal shelter. Get out and get away from your computer a few times a week. Not only will you relieve stress but you can do something personally fulfilling and meet new people at the same time. Who knows, you may even make some valuable business connections, too.



Be an Organizer

If you can’t find local functions or groups that you like, why not create them? Visit the website MeetUp.com and check out the types of groups others have created. You’ll find common interest groups including eCommerce, entrepreneurs, tennis lovers, networking mixers, single moms, home schoolers, green living, book discussion groups, and much more. You can create your own group and invite your friends (both local and online), post it on your Facebook page, or advertise your group in community publications.

Read More

It Takes Money to Make Money

In order to succeed in online sales you have to spend money. While you can try to find free items to resell on sites such as Freecycle and Craigslist, it’s difficult and very time consuming. Unfortunately, there is no way to get around the need to purchase inventory in order to sell online. But, there are some guidelines that you can follow to save yourself money and still build a successful business.

Start by selling items that you have in your possession already. This lets you build up some cash to buy more inventory without creating debt. It can also motivate you because you won’t be able to keep any of your profits until your business grows. You’ll have a great reason to keep expenses low and stay focused.

Don’t quit your day job. By working during the day, you can pay your living expenses while building a replacement income on the side. This allows you to put all your initial profits back into your business. Be fair to your current employer though - don’t situate yourself as their competition and always make sure that your job performance isn’t affected.

While you may need cash to put into building your business, it’s always a good idea not to borrow from your friends and family. They may be happy to help, but getting money involved in your relationship can cause problems quickly.

If you are interested in a loan, the SBA’s Microloan Program can be a great option. The loan is administered through lenders in your local area. You will likely be required to put up collateral, and you will also need to make a personal guarantee. Most loans are for around $10,500; however, there are loans available for up to $35,000. If you are interested in finding a participating organization in your area, check out the Small Business Association’s website.


Related Articles:

Free and Confidential Mentoring for Your Small Business

Does Your Home Based Business Need a License?

Small Business Networking, What it Means and How to Do It

Read More

Does Your Home-Based eBay Business Need a License?

As a business owner, it’s important to follow all laws and ordinances. But sometimes it can be difficult to know which laws apply to you. Determining if you need a business license is an important issue that can easily be confusing.
Start by researching the zoning laws in your area. Some cities or even apartment complexes prohibit home based businesses in certain areas.

One thing to keep in mind is the type of activities that take place for your business. If your business receives a lot of deliveries or you have customers come to you, there may be a problem if you rent.

There may still be restrictions if you own your home, depending on your area. The zoning restrictions may also depend on the type of business you’re running. If you work alone and don’t have any clients come to your home, you are less likely to have a problem.

Your business name also plays a role. If your work is considered to be “creative services”, you are not as likely to need a license because you are not required to prove your ability to practice (like a lawyer does). However, if you choose to name your business something other than your legal given name, you will likely be required to file paperwork with the county clerk.

Keep in mind that a business name will not protect you from liability. Unless you form a corporation or LLC, you will be personally liable. If you feel this will be a problem for your business, you should seek the advice of an accountant and a business attorney.


Related Articles:

Free and Confidential Mentoring for Your Small Business

Start a Business Journal

eBay Business Time Management Tip

Read More