| Small Business Administration is an organization | | | | as understanding what are the various forms of |
| funded by the American government which | | | | ownership, checklists, understanding how franchise |
| provides loans to entrepreneurs and businessmen | | | | works and also knowledge about product basics. |
| to set up their small businesses. In addition to that | | | | Planning is an important aspect and you will be |
| the organization also provides some grants and | | | | guided on things like writing a business plan, |
| training for the efficient running of business. | | | | understanding what business you are in and the |
| Another important feature is that they provide | | | | ways in which you are going to use this plan. |
| legal and administrative help in establishing a | | | | Financing is probably the most important part for |
| business to entrepreneurs who are likely to get | | | | without it the business will not take off. You will |
| entangled in the web of laws and taxes if they do | | | | need to know where to look for capital, how to |
| not have proper guidance along the way. | | | | estimate costs and understand financial |
| They conduct various training for different sets | | | | statements. |
| of audiences like entrepreneurs, women business | | | | Small Business Administration also deals with |
| ownership and international trade. | | | | education about marketing and the various forms |
| The most used and availed service however is | | | | of keeping your customers happy, conducting |
| one of obtaining loans and grants for doing | | | | research and doing competitive analysis. |
| business. Apart from giving loans out themselves, | | | | Employees will make or break your company and |
| Small Business Administration will also stand as | | | | any help on finding the right people, what to pay |
| surety for people and help them get loans from | | | | them and what is needed to retain them is |
| elsewhere. In the case of natural disasters the | | | | welcome. |
| organization also provides members with grants | | | | Legal aspects like licenses and permits and |
| so that they can 'get going' again and are able to | | | | business laws need the understanding of an |
| face troubled times. | | | | expert and you would definitely seek some |
| Small Business Administration also helps businesses | | | | guidance in this area. |
| in contracting and it ranges from Business | | | | Taxes like State Tax, local tax , Sales and Use |
| Development, HUB Zone and Government | | | | tax not only form a big part of your cost |
| contracting to name a few. | | | | structure. If not handled carefully, it could get you |
| The organization also helps businesses to deal with | | | | on the wrong side of the law as well. It is |
| Advocacy and law related matters. | | | | therefore imperative to seek the utmost clarity |
| How do I get in touch with the Small Business | | | | here. |
| Administration? | | | | As is seen above when you are going to do your |
| You can get in touch with them by visiting their | | | | own business there is a host of things that you |
| website and calling up their number and speaking | | | | need to take care of and Small Business |
| with an associate their. Apart from this the site | | | | Administration can help you there, over and |
| has also got a local office locater which you can | | | | above getting the money for you to start off. |
| use to track down the office that is closest to | | | | What is important to keep in mind is that most |
| you and then call them up, make an appointment | | | | entrepreneurs and business men are most of the |
| and meet them in person. | | | | times busy just scampering for funds that they |
| I need helping in understanding business better? | | | | lose track of most of the other things that |
| While Small Business Administration takes care of | | | | happen and because of that, one thing or the |
| loans and helps out people who have been turned | | | | other will go wrong and they will unfortunately |
| down at other places for money, they also deal | | | | have to repent later. |
| with a whole host of educational material and | | | | If you are managing a small business chances are |
| training programs. These training programs are | | | | that it's a one man show and apart from planning |
| aimed at people who want to learn more about | | | | and strategizing you have to do the running |
| the different functions of business. | | | | around after suppliers and authorities to get the |
| What can I learn using SBA: | | | | necessary approvals etc. In such cases it is best |
| You will find resources that will help you to learn | | | | to leverage on the experience of an organization |
| about the basics in starting up your business, such | | | | like the Small Business Administration. |