Set your business up for success

Set your business up for success

There are several platforms that offer free business advice for startup businesses. A major part of this advice consists of training and educating entrepreneurs on different business aspects including budgeting, organization handling, getting online tax IDs, marketing, and growth planning.

A number of public and private sector based agencies offer free quality business advice or free. Some of these have been detailed below:

Small Business Administration (SBA)- Government based

The primary source of information for small scale business startups comes from SBA. SBA offers detailed business assistance programs and offer online tips on how to budget your business and what costs can be estimated during the startup phase. The best advice according to your requirements on which business company to choose from Limited Liability Companies, C Corporation and S Corporation to partnership and/or sole proprietorship is also given by SBA.

Furthermore, Small Business Development Centers (SBDC) has been set up by SBA throughout US to help small business owners with the sort of complications they face or if owners want to have a meeting face to face.  SBDC has partnered with various public and private sector organizations.

SCORE

A confidential and free counseling service for startup business owners, SCORE offers in person as well online advice to entrepreneurs. SCORE operates in 364 offices across the country and has 12,400 working as well as retired business executives and owners. SCORE remains to be one of the largest nonprofit private sector organizations to offer free business startup help and advice. Their network is huge and their volunteers are reliable as it also serves as resource partner with SBA.

Low technology grants and interest loans

When starting up a business, business owners are always in the need of loans at a low interest rate. Even though organizations like SBA back the idea of low interest based loans but they do not provide any.

The provision of such loans is made possible by the federal government through programs such as the Small Business Technology Transfer (STTR) Program or Small Business Innovation Research Program (SBIR). These organizations provide loans for specified areas of interest or usually technology based, innovative ideas that a business owner wants to incorporate in his or her business.

Private help can also be sought through various internet sites where people have offered individualized help for different types of business. Businessownersideacafe.com is one such site that gives a lot of information on different issues linked with startup businesses. Occasional information is also uploaded on funding opportunities.