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Resources | Small Business

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On this page, you will find an introduction to small business. This guide directs potential small-business owners to Web pages that answer common business questions. Scan the questions below and click on the section headings to go to the answers.

What Is a Small Business?

A small business is one that is independently owned and operated and is not dominant in its field of operation. The definition of a small business varies from industry to industry. The Small Business Administration develops and recommends small-business size standards. Consult the table of size standards to determine the classification of your organization.

Some experts define a microbusiness as a firm with four to 19 employees, and a small and emerging business as a firm with 25 or fewer employees or less than $500,000 in annual sales revenue. Read SBA's full definition.

Questions for Potential Small-Business Owners to Ask

Starting Out

  • Should I start a small business?
  • How do I start a small business?
  • What business should I choose?

Training and Assistance

  • Where can I get assistance to start a small business?
  • When are training events and workshops?

Legal Issues

  • Where and how do I register a name for my new business?
  • Where do I obtain an employee tax identification number?
  • What legal structure should I choose?

Permits and Licenses

  • Do I need any permits or licenses?
  • Will I need special food licenses?
  • Will I need special liquor licenses?

Money Matters

  • What will my startup costs be?
  • Where can I obtain financial assistance?
  • Where can I get information related to grants?
  • What are my tax obligations?
  • Where can I get basic information about SBA loans?

Planning and Strategy

  • What is a business plan and do I need one?
  • How can a small business expand globally?
  • What is a market analysis?
  • What is a feasibility study?
  • Where can I get information about procurement?

Special Interests

  • What organizations offer assistance geared toward women entrepreneurs, veterans, Native Americans, minorities and young entrepreneurs?
  • What organizations offer assistance in other languages?
  • Where can I get training assistance?
Go to Starting Out Next

 

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Revitalization Web Site Last Updated June 25, 2008

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