According to
U.S. Small Business Administration, there are approximately 25 million small business in
United States. They account for 47% of all sales, 55% of innovations, and 35% of all federal contracts. And
rate of small business bankruptcies are at
lowest point in 19 years!Taken together,
SBA's research points toward one big conclusion: starting your small business today, including small home-based "micro-enterprises", is a great idea!
Assuming you are in
United States,
SBA, and its affiliated organizations SCORE (Service Corps of Retired Executives) and SBDCs (Small Business Development Centers), are perhaps
most valuable sources of advice and education available to
micro-entrepreneur.
After you've decided what your ideal small business will be, how do you find out what resources are available for you at
SBA?
One of
first steps is to call
SBA (1-800-827-5722, 9am-7pm East Coast time) and request publication OPC-2, "Your Business and
SBA". This publication is a summary of
large array of services available to you from
SBA.
Next, go to you local library, and ask
reference librarian for a copy of
SBA's "How to Start a Business in [your state]". It contains all
state- specific details, such as licensing requirements, for every state.