| Getting
Started
Starting a new business venture can be an exciting,
yet stressful, time. There are so many variables involved in making
a business successful, evaluating each step of the process is important.
Steps
to Success is drafted by the Kansas Department of Commerce and
provides a detailed list of important factors to consider and resources
for your research. While doing your homework, reach out to as many
resources as possible to gather input on your vision. However, do
not fail to overlook the need for professional advice. Missing a
step early in the process can create numerous headaches down the
road while overlooking critical steps can lead to failure.
Some
suggested steps:
- Research
and try to gain experience in the type of business you are interested
in pursuing. (resource: industry partners)
- Assess your
strengths and weaknesses. (resources: Miami County Economic Development,
Kansas Small Business Development Center and SCORE)
- Obtain business
management training. (resources: Fort Scott Community College,
Miami County Economic Development and Kansas Small Business Development
Center)
- Research
needed licenses and permits. (resources: Miami County Planning,
Miami County Economic Development, local community planning office,
First Stop Clearinghouse, Kansas Secretary of State, Kansas Department
of Revenue and Kansas Small Business Development Center)
- Determine
optimal legal structure. (resources: professional attorney, professional
accountant, Small Business Administration)
- Craft a comprehensive
business plan that includes: a marketing, financial and operations
plan in detail. (resources: Miami County Economic Development,
Kansas Small Business Development Center and SCORE)
- Create a
record keeping system. (resources: professional attorney, professional
accountant and Kansas Small Business Development Center)
- Develop a
network of mentors and professional advisors. (resources: banker,
professional attorney, professional accountant and Kansas Small
Business Development Center)
Many of the
resources listed above are available at little or no cost and were
created to help you succeed. Remember, you don’t have to do
this alone, be wise and use the resources and the experience available
to you.
These resources
are also available and recommended to existing businesses in Miami
County. Preparation and the right team are keys to your business
success.
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