So you want to start a business?


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There's some great resources out there for anyone seeking to launch their own business, you just need to know where to look!

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So you want to start a business?

  1. 1. So you want to start a business? (Or you’re just trying to pass BUS 380)
  2. 2. Where do I start? <ul><li>There is help out there! </li></ul>? !
  3. 3. <ul><li>Office in Harrisburg </li></ul><ul><li>Services are free </li></ul><ul><li>Personal consulting: </li></ul><ul><ul><li>Evaluating or refining your business plan </li></ul></ul><ul><ul><li>Incorporating new technology </li></ul></ul><ul><ul><li>Conducting market research </li></ul></ul><ul><ul><li>Identifying funding sources </li></ul></ul><ul><ul><li>Understanding regulatory requirements </li></ul></ul><ul><ul><li>Weighing sales opportunities or franchise options </li></ul></ul>
  4. 4. <ul><li>Exceptional online training webinars, workshops, and calls: </li></ul><ul><ul><li>The First Step: How To Start And Operate a Small Business </li></ul></ul><ul><ul><li>The First Step Conference Call </li></ul></ul><ul><ul><li>Business Planning Part I - Business Plan for Success </li></ul></ul><ul><ul><li>Certification Made Simple </li></ul></ul><ul><ul><li>Business Plan Now Part I: The Pitch </li></ul></ul><ul><ul><li>Business Plan Now Part II: The Plan </li></ul></ul><ul><ul><li>Business Plan Now Part III: The Numbers </li></ul></ul><ul><ul><li>Business Planning Part IV - Financing the Business and Feasibility Decision </li></ul></ul>
  5. 5. <ul><li>Business Information Center in Harrisburg </li></ul><ul><ul><li>Extensive small business text library, videotape library and reading room for client research </li></ul></ul><ul><li>Counseling </li></ul><ul><ul><li>Personal one-on-one counseling and email counseling are available to SCORE clients. </li></ul></ul><ul><li>Mentoring Programs </li></ul><ul><li>Workshops   </li></ul><ul><ul><li>Business Startup (pre-business planning)  Creating a Business Plan, Management Accounting, Financing, Marketing and Sales Strategies  </li></ul></ul>
  6. 6. <ul><li>Limited amount of free technology assistance and information to help resolve specific technical questions or needs: </li></ul><ul><ul><li>Environmental Assistance </li></ul></ul><ul><ul><li>Food Industry Assistance </li></ul></ul><ul><ul><li>Information Technology/e-Business Assistance </li></ul></ul><ul><ul><li>NASA Technology Transfer Assistance </li></ul></ul><ul><ul><li>Occupational Safety and Health Assistance </li></ul></ul><ul><ul><li>Product Development Assistance </li></ul></ul><ul><ul><li>Statistical Data and Analyses </li></ul></ul><ul><li>  </li></ul>
  7. 7. <ul><li>Community First Fund provides loans, business training, and one-on-one counseling to entrepreneurs of all sizes </li></ul><ul><li>The Women’s Business Center </li></ul><ul><ul><li>Provides training, customized business counseling, loan capital, and advocacy support to small business enterprises </li></ul></ul><ul><ul><li>Workshops on Computer Usage, State and Federal Procurement, Business 101, Technology Basics, Marketing and Networking </li></ul></ul><ul><li>  </li></ul>
  8. 8. <ul><li>Provide a variety of loans to individuals committed to starting or expanding small or mid-sized businesses </li></ul><ul><li>Small Business Loans </li></ul><ul><ul><li>Up to $35,000 for the starting of new businesses or expansion of existing businesses. Uses may include machinery and equipment purchases, site improvements, working capital, inventory, materials and supplies, and expansion. </li></ul></ul><ul><li>Mid-sized Business Loans </li></ul><ul><ul><li>From $35,000 to $500,000+ for businesses that have typically been in business for two years or more. Loans are used to support the increased capital needs of maturing businesses and may be used for such things as expanding or improving the business site and services provided, increasing supplies, materials and/or staff. </li></ul></ul><ul><li>  </li></ul>
  9. 9. <ul><li>“ One stop&quot; access to business information: </li></ul><ul><ul><li>Financial incentives </li></ul></ul><ul><ul><li>Important forms necessary to start and expand a business </li></ul></ul><ul><ul><li>Electronically register a business </li></ul></ul><ul><ul><li>Business structure </li></ul></ul><ul><ul><li>Entrepreneur Guide </li></ul></ul>
  10. 10. Entrepreneur's Guide: Starting and Growing a Business in Pennsylvania <ul><li>Write a business plan that includes your management, marketing, production and financial strategies </li></ul><ul><li>Identify an attorney, accountant and insurance professional whose skills will complement your needs </li></ul><ul><li>Secure financing if needed </li></ul><ul><li>Determine the best type of business structure for your venture: sole proprietorship, partnership, or corporation. For registration help, call the Pennsylvania Department of State, Corporation Bureau, 717-787-1057 </li></ul>
  11. 11. Starting and Growing a Business in Pennsylvania (CONTINUED) <ul><li>If you will employ one or more people, obtain federal, state and local forms </li></ul><ul><li>Obtain a Federal Employer Identification Number (EIN) from the Internal Revenue Service:1-800-TAX-1040 or visit </li></ul><ul><li>Lots more helpful information at </li></ul>
  12. 12. <ul><li>So now that you have a formidable business plan . . . </li></ul><ul><ul><li>(and you’re done with BUS 380) </li></ul></ul>Win some cash!
  13. 13. College Venture Challenge 2008-2009 <ul><li>Graduate Winner - $5,000 </li></ul><ul><li>Undergraduate First Place - $2,000 </li></ul><ul><li>Undergraduate Second Place - $1,000 </li></ul><ul><li>*plus an advisory panel of area business leaders will assist with further development of your business venture </li></ul>
  14. 14. College Venture Challenge 2008-2009 <ul><li>Time Commitment: </li></ul><ul><li>January 16 : Registration deadline for the Learning Seminar </li></ul><ul><li>January 22 : Learning Seminar - topics include marketing & competitive analysis, business plan structure and finance </li></ul><ul><li>February 5 : Concept papers due </li></ul><ul><li>February 17 : Semi-finalists announced and invited to submit a business plan </li></ul><ul><li>March 16 : Business plans due </li></ul><ul><li>April 8 : Finalists announced and invited to present business plans during the final presentation event </li></ul><ul><li>April 28 : Final presentation event and winners announced </li></ul>
  15. 15. College Venture Challenge 2008-2009 Dickinson College Penn State Harrisburg Millersville University Last year: $1,000 $5,000 $ 2,000
  16. 16. <ul><li>This year: </li></ul>College Venture Challenge 2008-2009 Undergraduate 1 st Place: Undergraduate 2 nd Place: