Even if someone carefully plans out their financial costs when they start a small business, there are always other expenses that arise. That is why nearly every small business owner looks to experts and other established small business owners for their advice on how to cut costs, sustain a viable business, and become profitable in a short period of time. Considering the following small business tools could help with all of these.
The Institute for Local Self-Reliance (ILSR)
This dynamic organization offers a wealth of information and resources for small business owners. They publish data based on research that most small business owners will find relevant to their needs. In their most recent online content, there are articles on the statistics on municipal broadband and the asset it is to local communities, the superiority of local delivery to the use of big-app delivery, and the role that anti-trust laws play in the energy market today. They also have a podcast, Building Local Power, for small business owners who prefer to take in pertinent information on their way to work or while at the gym.
US Small Business Administration (SBA)
This government entity was created to offer every small business owner the most up-to-date information on not only how to start a small business, but how to maintain it—all at no cost to the business owner. The site organizes its information into a business guide broken down phases of business ownership: plan your business, launch your business, manage your business, and grow your business. It also offers guidance on where to go for business loans, grants and even help in times when disaster relief is needed. Other information includes tips on how to bid on contracts, hire contractors, and where to find local aid in a small business owner’s community for a variety of needs.
Networking and Business Meetups
There is nothing more crucial to the success of a small business than learning from other business owners, especially local ones. The best organizations to look for this kind of support are the local Chamber of Commerce that any small business owner can join. Once a small business registers with the state, the Chamber of Commerce will usually send a welcome packet and invite each new business to a Chamber event to meet other local business people. There are also online networks or “meetups” to chat with small business owners like Startup Nation, ONLE, and Opportunity.