Many people dream of starting their own business but are daunted by the risks and costs.
Freebies online can help you start and manage your business.
I’ve been down this road. Back in the day, I blundered around with marketing. I worried about making the payroll. Fortunately, it eventually worked out.
Help was available. Without the Internet, though, it was harder to find. Today, things are different. The Web delivers it right to your computer. You still need a few good ideas, and you have to work hard. But here are some things that will help fill in those potholes.
Loan guarantees
Financing is perhaps the biggest obstacle to starting a business. You could seek outside investors or ask family members for a loan. Either is better than maxing out your credit cards.
The best solution is probably a bank loan. Before you visit your banker, visit the Small Business Administration’s website (www.sba.gov).
The SBA offers a wealth of business information. Quizzes will help you determine whether you’re suited for business ownership and will help you consider your business’ needs.
The SBA also offers funding programs. It will guarantee your bank loan. You need a good business plan and a solid credit rating, but a guarantee from the SBA will help open bankers’ doors.
Business advice
The Service Corps of Retired Executives provides business advice on its website (www.score.org). Despite the organization’s name, some members are still working. You can arrange to meet with business owners and executives for free advice. You can meet in person or communicate via e-mail. SCORE also sponsors entrepreneurial workshops for which it charges a small fee.
Tax information
Believe it or not, the Internal Revenue Service also has freebies.
Search the IRS’s home page (www.irs.gov) for “Tax Calendar.” You’ll find the Small Business Tax Calendar. It provides instructions and options for filing business taxes. It also lists filing deadlines.
You’ll also want to check out the IRS’s introduction to federal taxes for new businesses. You can watch the video on the IRS site or order a free CD.
Accounting software
Small-business owners often have difficulty managing money. Tracking accounts payable and receivables can be a headache.
Microsoft offers free accounting software designed for small businesses. Office Accounting Express (download- able at www.ideawins.com) helps you create quotes and invoices. It also tracks employee time and business expenses.
Shipping help
If you ask, the U.S. Postal Service (www.usps.com) will send you shipping materials. You can get boxes in all shapes and sizes. Additionally, free forms and stickers will help you prepare mailings.
The USPS also provides information on direct-mail marketing. It offers templates for creating your own mailing pieces. Or, you can find links to private providers.
Contact Kim Komando at gnstech@gns.gannett.com.
