Mind Your Own Business

BUILD…make it happen

Make it legal.

We live in a country where the rule of law is an important part of society. How will the legal system affect your business? How can you protect yourself, your business ideas, and you? Do you know your federal, state, and local tax laws?

Researching and selecting the right legal structure for your type of business is very important.
Name your business and product - your customers will recognize your product by that name.
Understand the concept of the free enterprise system and how to use the concept of “profit” to your advantage.

Organize it.

How will your business get things done?
Who does what?
What is the structure of your business?
How are tasks divided?

Manage your money.

Where will your money come from?
How will it come in and out of your business?
Will you invest back into your business?
How much cash do you need to operate and pay expenses?
What profit do you expect?

Create your image.

Marketing – How will your customers locate you and your business?
Know where your customers are and design a plan to find them and keep them coming back.
Keep track of your competitors.
Have a good strategy.

Being a small business is an advantage: You’re small, you’re flexible, and you can quickly adapt to market changes. Plan to stay on top of it.

You are your businesses best sales representative.

Read more about building and financing your business:

Cha-Ching: Money Matters

Avoiding Legal Business Hassles

Financial Management Series and Marketing Series

Financial Basics

Plan Your Finances

Legal Basics

SBA and JA are working together to encourage youth entrepreneurship. SBA's programs and services are targeted specifically to small businesses. JA is the world's largest organization educating young people about business, economics and free enterprise. Working together, SBA and JA can maximize support for the next generation of entrepreneurs.

SBA’s participation in this cosponsorship is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs, services and cosponsored activities are extended to the public on a nondiscriminatory basis. Neither SBA, nor the United States Government, nor any of their employees, makes any warranty, express or implied, including warranties of merchantability and fitness for a particular purpose, or assumes any legal liability for the accuracy, completeness, or usefulness of any information from this server or the links to servers on the HotList.