Are you considering opening a small business? For stay at home moms trying to reenter the workforce, starting our own business may be the only option available for landing a job.
While starting up our own small business may sound intimidating, the process of starting a business really isn’t that hard at all. All it really takes is a great idea, long hours, the determination to see if through, and a few training workshops and classes to help your business succeed.
Back when I started my first small business in 1981, I was fortunate to have an Aunt Mims who trained me on the fly, so to speak, on small business basics. From her I learned how to set up a bookkeeping program and business plan for my company along with learning other critical skills such as hiring basics, effective advertising strategies, payroll, how to prepare tax returns, maintain an inventory, and a thousand other little details I would have never even known about. Between her expert guidance and a bit of help from the Small Business Administration, learning how to effectively manage my business made a difference in its success.
For those of you without an Aunt Mims nor the money to go to business college, the Internal Revenue Service (IRS) and US Small Business Administration (SBA) are the next best thing. Both these agencies have lots of free information, virtual workshops, and self training opportunities for a budding entrepreneur. .
Internal Revenue Service. For many people, figuring out the taxes is the most challenging part of running a small business. It certainly was for me back in 1981 when I kept the IRS on speed dial to answer the many tax related questions that would crop up in a normal business week.
The IRS website has made it totally easy for new business owners to self train on a wide range of tax related subjects. Self training is a great option for those of us who have to work our schedules around the kids or other jobs. A sampling of training programs accessed through the IRS website include:
–Free downloadable publications that can help with starting your new business and answer questions about payroll are available at “Small Business and Self Employment Tax Center” at irs.gov/businesses/small.
–The IRS sponsored Virtual Small Business Tax Workshop which includes 9 different, interactive lessons to help small business owners understand their tax responsibilities.
–An assortment of Video Portals found at irsvideos.com covers a wide range of topics and as video “mini workshops” to do on your own schedule.
–Lastly, the Small Business Tax Center contains links to webinars and phone forums for “real time” assistance.
The US Small Business Administration (SBA). Another valuable training resource is the Small Business Administration. The SBA website contains a wide range of programs and services geared to the small business owner.
Self help training programs which can be accessed through the home page found at sba.gov includes:
–The Small Business Planner.
–Service Resources desk filled with valuable information and links to grants, on-line training programs, financial assistance, laws & regulations and more.
–Small Business Training Network (SBTN), a virtual campus offering a wide range of classes covering business topic such as Financing & Accounting, “How to survive a down economy”, Marketing, and other. Classes are free, self paced, and can be completed in 30 minutes.
–Plus the “Local Resources” portal which can put you in touch with retired small business owners who can offer valuable assistance. For low income women breaking into small business, one additional resource found in the local resources section is the Office of Women’s Business Ownership Entrepreneurial Development (OWBO) which offers comprehensive training and development on a wide range of topics.
For women starting up a small home business, the free workshops and training provided by the IRS and SBA are valuable resources. While they might not be Aunt Mims, they can provide you with the assistance needed to make your new small business a success.
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