10 Tools and Resources to Take Your Business Further
by sarahmillican, Community Moderator
- Created: October 21, 2010, 7:04 am
If yo;re thinking about launching
a new venture or looking for ways to expand or improve your business, check out
some of the invaluable financial tools and resources listed below:
- Savings Calculator: Adopting
consistent saving habits can have huge returns down the road. Whether you are using
personal savings to get your building off the ground, want to put some money
aside for new equipment, or just want to plan ahead, use this savings
calculator by the Financial Inventory Regulatory Authority (FINRA) to help determine
a consistent and realistic savings approach.
- Investment Scam Meter: FINR-s
website also features a-Scam Meter' where you can answer a series of
questions to help understand and avoid common investment scams.
- Business-Ready Assessment
Tool: The SBA designed this tool to help potential business owners better
understand whether or not they are ready to start a business. The
tool is simple to use (it takes less than 5 minutes) and asks a series of
questions that evaluate skills, characteristics and experience as they relate
to your preparedness for starting a business. Upon submission, your responses
are automatically scored to determine a readiness'profile' along with a list
of resources that are appropriate for your readiness stage.
- Risk Meter: FINR's
Risk Meter allows you to answer a series of questions to see whether you share
characteristics and behavior traits that have been shown to make some investors
vulnerable to investment fraud.
- Business.gov Gadget:
place this powerful gadget on your website
homepage to search and receive immediate access to essential online tools
and resources to help you run your small business' including videos from
government experts and other small business owners, loans and grants
information, and licensing requirements.
Plan 101: Developing a solid plan can be the key to your success. For assistance in creating a business plan, check
out this SBA guide that helps walk you through the entire process, from strategic
planning to carving out your busines's niche.
The guide also includes an online workshop to help you start a new plan,
or improve your current one.
- Business Template Directory:
SCORE provides user-friendly templates to help new and established
business owners plan and manage financial operations, including cash flow, sales projections, and
Your Business from Start to Finish: The SB's Small Business Planner provides
information and resources to help you learn more about general financing opportunities
and accounting responsibilities at any stage of the business lifecycle.
- SCORE Podcast Series: Listen to
SCORE's online podcasts for discussions on variety of relevant business topics
and some of toda's hot topics like:
- Creating a Profit
and Loss Statement: SCORE's free online business workshop will help you outline a profit and
loss statement for your business and help you gain greater insight into the growth
and financial health of your business.
Dreaming is easy, but
bringing your ideas to life requires research, preparation and the proper
execution and management. As the Chinese proverb goes, To open a shop is easy,
to keep it open is an art. Master your art by taking advantage of the tools
listed above. Related articles can be found at business.gov:
Media Tools for Business Owners
Tools to Stay Enthusiastically Motivated in Your Business
Legal Tools for Employers
About the AuthorI'm a digital strategy consultant with ENC Strategy (www.encstrategy.com) and work full-time to support the Small Business Administration in growing and developing this online community to the best that it can be.
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