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  2. Apr 22, 2024 · Learn what it means to be an entrepreneur and the different types of businesses they create. Find out the challenges, opportunities, and financing options for starting a new venture.

    • Determine Your Business Concept. Most business advice tells you to monetize what you love, but it misses two other very important elements: it needs to be profitable and something you’re good at.
    • Research Your Competitors and Market. Most entrepreneurs spend more time on their products than they do getting to know the competition. If you ever apply for outside funding, the potential lender or partner wants to know: what sets you (or your business idea) apart?
    • Create Your Business Plan. A business plan is a dynamic document that serves as a roadmap for establishing a new business. This document makes it simple for potential investors, financial institutions and company management to understand and absorb.
    • Choose Your Business Structure. When structuring your business, it’s essential to consider how each structure impacts the amount of taxes you owe, daily operations and whether your personal assets are at risk.
  3. Oct 27, 2023 · Learn the key steps to start a small business, from market research and business plan to funding and legal requirements. Find out how to understand your target audience, assess market trends and opportunities, and choose the right legal structure for your business.

    • Dorothy Neufeld
  4. Feb 1, 2024 · Learn about different types of entrepreneurship, the mindset that leads to success, and how to explore it. Find out how entrepreneurship can benefit society and the economy, and what skills you need to cultivate.

    • Cultivate an Entrepreneurial Mindset. It might come as a surprise that the first step in becoming an entrepreneur doesn’t focus on a practical business skill or task, but rather developing three key traits: resilience, adaptability and a growth mindset.
    • Identify Your Niche. This step combines an introspective look at what drives you (your interests and strengths) with thorough market research to provide insights into consumer demands, emerging trends and underserved areas that are key to uncovering ideal opportunities.
    • Develop a Business Plan. Creating a business plan is more than a strategic exercise. Your business plan is an ever-evolving blueprint laying out the foundations of your venture’s success—and while it’s commonly associated with piquing the interest of lenders and investors, it’s a vital document even if you aren’t in need of funding.
    • Obtain Funding. It’s possible to start a business without a lot of money, but most entrepreneurial ventures will require some startup funding. Securing the funds you need begins with an in-depth analysis of your financial needs, such as initial startup costs, ongoing expenses and a buffer for unexpected costs.
  5. May 3, 2023 · Learn how to plan, fund, register, and operate your own business with this guide from the SBA. Find out how to conduct market research, choose a business structure, pick a name, and more.

  6. Learn how to start, pivot, or grow your small business with SBA's online learning programs. Find courses, development programs, and coaching for women, veterans, and disadvantaged entrepreneurs.

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