Welcome to the Small Business Information Center

Small Success Story

Click here to watch a video showcasing a Small Business Success story about Wyre Naturals, a local company that makes beautiful, handmade soaps.

Top 10 List

Why Businesses Go Under: The Most Common Mistakes

 

From the Service Corps of Retired Executives: www.score.org

 

  • Going into business with litte or no experience, and without first learning anything about it
  • Failing to keep complete and accurate records, drifting into trouble without being aware of it 
  • Plunging without first testing ideas on a small scale 
  • Under pricing
  • Underestimating the time it will take to build a market  
  • Underestimating competition  
  • Too little capital 
  • Not allowing for inevitable setbacks and unexpected expenses
  • Extending credit too freely  
  • Expanding too rapidly 

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    Free Online Courses:

    Are you thinking of starting your own business and want to learn all you can about being your own boss? Try taking some free online courses from the websites below.  Topics include writing a business plan, accounting, tax preparation, preparing a loan package, and many more.