Is now the right time to start your own business? The path to small business ownership can be challenging. With a proper plan and resources, your goal may be achievable.
There is much to successfully running a small business that you may not be aware of yet. That’s okay, everyone starts somewhere. While you may have a great depth of knowledge and expertise for your specialty, there are many additional topics you need to understand. For example:
- Choosing your business structure and register it.
- Required licenses and permits.
- Create a business plan.
- Secure funding.
- Define and develop your marketing.
- Ongoing financials and record keeping.
- Operations issues and policies.
- Human Resource requirements.
- IT requirements and support.
Tenacity and faith in an idea can take you far. But successful business owners know how to prioritize, delegate and ask for help when they need it.
The New Jersey Small Business Development Center is a resource you should connect with. You can get expert advice and attend training to help you better understand how to grow your business. The SBDC helps established small business owners and aspiring entrepreneurs to create and expand their business enterprises which will, in turn, result in sustainable growth, job creation and statewide economic development and prosperity.