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Starting Your Business

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Starting your Business

Being your own boss can be rewarding, but it certainly isn’t for everyone. Sure, to some degree, you have more freedoms working for yourself than you do working for someone else. But often new entrepreneurs find that the workload and the stress of having to continually perform to keep their young business viable can be too much for them.

It's true that, statistically in the U.S., more new businesses fail than succeed. You shouldn't let that discourage you but if you're thinking about starting your own business, there are some important things you should think about before making your decision.

Essential Reading

Checklist business sign capital

Do I Really Need a Business Plan?

6 Tips for Borrowing Startup Funds
from Friends or Family



Launch of a New Self-Employment Assistance Website

The entrepreneurial spirit is what drives this country. In fact, small businesses and start-ups are responsible for creating two out of every three new jobs in the United States. And more than half of all working Americans own or work for a small business. That’s why helping to create an environment where more businesses are easily able to start and succeed has been an important goal for this administration. » Read More

Additional Resources

Publications

Demographic Data
Can Help you Plan your Startup

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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