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Are you interested in starting a business? Creating a business plan is one of the most important steps you will take because the plan serves as your road map for the early years of your business. The business plan generally projects 3-5 years ahead and outlines the route a company intends to take to reach its yearly milestones, including revenue projections. A well thought out plan also helps you to step-back and think objectively about the key elements of your business venture and informs your decision-making on a regular basis.
SBA's Business Plan Tool provides you with a step-by-step guide to help you get started. All of your information entered into this tool can only be viewed by accessing your account using the password you have specified. Not only can you save your plan as a PDF file, you can also update it at any time, making this a living plan to which you can often refer.
They’re the backbone of the U.S. economy and an elite group of risk takers, innovators, and job creators. Entrepreneurs are the key drivers of the U.S. economy, particularly minority business enterprises (MBEs). According to the U.S. Census Survey of Business Owners, there are 8 million MBEs in the U.S. who generate total gross revenues exceeding $1.4 trillion. These numbers reflect a 38 percent increase between 2007 and 2012.
In this month's issue, we'll focus on another aspect of the holiday season: that new device you get or give during the holidays. Whether it's a smartphone, laptop, desktop, tablet, or another device, check out the below tips to help you protect your new technology and secure your personal data.
As tax filing season approaches, the Internal Revenue Service wants taxpayers who are self-employed or involved in the sharing economy to know about free resources that are available to help them with their taxes.
Sole proprietors and independent contractors can get helpful information from the IRS Small Business and Self-Employed Tax Center. This resource includes online tools such as the Tax Calendar for Businesses and Self-Employed, which has key tax dates and necessary actions for each month of the year.
U.S. Federal Government contracts represent a tremendous sales and revenue opportunity for small businesses.
Here are five steps to get started as a contractor:
Qualifying as a Small Business
You may take it for granted that your company is a "small business". The distinction is important if you wish to register for government contracting as a small business.