Use market research to find customers

SBA.GOV Market research blends consumer behavior and economic trends to confirm and improve your business idea. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye. Gather demographic information to better understand opportunities and limitations for gaining […]

Continue reading

Office of Women’s Business Ownership (OWBO)

SBA.GOV The Office of Women’s Business Ownership helps women entrepreneurs through programs coordinated by SBA district offices. Programs include business training, counseling, federal contracts, and access to credit and capital. The OWBO oversees Women’s Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world. Businesses […]

Continue reading

Office of Veterans Business Development (OVBD)

Devoted exclusively to promoting veteran entrepreneurship, the OVBD facilitates the use of all SBA programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors. SBA programs provide access to capital and preparation for small business opportunities. They can also connect veteran small business owners with federal procurement and […]

Continue reading

Office of Native American Affairs (ONAA) For Business

The SBA’s Office of Native American Affairs facilitates full access to business growth and expansion tools for small businesses owned by Native Americans. ONAA engages in tribal consultations, produces promotional materials, and participates in national economic development conferences. American Indians, Alaska Natives, and Native Hawaiians can use our local assistance tool to find nearby offices and resources. There, […]

Continue reading

Prepare to request more funding

SBA.gov Anyone who gives you funds wants to feel confident that their investment will pay off. Prepare a business case and financial statements to convince lenders, crowdfunders, or investors to fund your small business. Make your business case You’ll need to make a solid business case for more funding. Produce a short statement with the […]

Continue reading

Benefits of business bank accounts

SBA.GOV As soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts include a checking account, savings account, credit card account, and a merchant services account. Merchant services accounts allow you to accept credit and debit card transactions from your customers. You can open a […]

Continue reading