Starting a Profitable Small Business

1 Do you have the “right stuff” to open a small business?
• What small business is all about
• How to determine if you should be a business owner
• 5,000+ business ideas

2. How to determine the right business for you
• How to determine the right industry
• How to determine the right product/service
• How to protect your idea
• Buying a business
• Buying a franchise (how to avoid unnecessary risks, rip-offs, and pie-in-the-sky schemes)

3. How to determine if “opportunity if knocking.”
• Where to get customer information (when to take a risk, and when to pass).
• Where to locate your business
• What to name your business.
• How to price your product/service.

4. How to determine if your business will be profitable.
• Determining the right amount of inventory.
• Finding and working with vendors.
• Finding furniture and equipment
• Determining your start-up costs
• Calculating future profits and controlling cash flow.
• Record-keeping.

5. Other things to worry about
• Determining your legal form.
• Licenses, permits and government regulations.
• How to find and keep good employees
• Finding professional help.

6. Where and how to get the money
• Determining how much money you will need.
• Where to find investors/lenders
• How to put together a business plan.