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10 Tools and Resources to Take Your Business Further

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10 Tools and Resources to Take Your Business Further

Published: October 21, 2010

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Business.gov Gadget: place this powerful gadget on your website or iGoogle 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.
  6. Business 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.
  7. 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 financial statements.
  8. Manage 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.
  9. 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:
  10. 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:

About the Author:

Sarah Millican
I'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.


Hrmm that was weird, my comment got eaten. Anyway I wanted to say that it's nice to know that someone else also mentioned this as I had trouble finding the same info elsewhere. This was the first place that told me the answer. Thanks.
the tools are really useful after reading these i get a lot of things from them thank your for sharing these with us  i believe they may have a effect on my later business

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