So you are thinking about starting a small business. Or perhaps thinking about purchasing an existing business? Where do you start? How do you obtain financing? Do you need an attorney or an accountant
Owning a small business raises a lot of questions, and the Enterprise Small Business Resource Center, is designed to help you answer them. There are many reasons for wanting to own a small business. Some want to set their own schedules. Others look to gain financial independence. Some want the excitement of constantly learning new things and the challenges associated with the control of a small business.
As a small business owner, you will face many challenges. According to the U.S. Small Business Administration, 50% of businesses fail in the first year and 95% in the first five. You wonder, “How do I gauge if this is the right career decision for me?” It is important to evaluate yourself, your current needs, and your goals.