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Dallas Small Business Development Center Business Start-up Workshop Hosted by the Dallas County Community College District’s Bill Priest Institute Director:

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Presentation on theme: "Dallas Small Business Development Center Business Start-up Workshop Hosted by the Dallas County Community College District’s Bill Priest Institute Director:"— Presentation transcript:

1 Dallas Small Business Development Center Business Start-up Workshop Hosted by the Dallas County Community College District’s Bill Priest Institute Director: Jeff Blatt 1402 Corinth Street Dallas, TX Phone: (214) Fax: (214) Visit us at the Dallas SBDC Website at: SBDC Presentation created by: Cynthia Nevels, CFE CET Business Management Counselor The Dallas Small Business Development Center is a partnership program of the U.S. Small Business Administration and the Dallas County Community College District.

2 Dallas Small Business Development Center Business Start-up Workshop Dallas Small Business Development Center presents Business Start-up Workshop taller del start-up del negocio Contents Part One (parte una) –Common Sense Start-up Questions –Home Based Business Questions Part Two (parte dos) –Business Start-up Checklist –Business Financing –What Steps do I take Next? –Business Plan Outline Part Three (parte tres) –Request for Free Business Counseling

3 Dallas Small Business Development Center Business Start-up Workshop Common Sense Business Start-up Self Assessment Gravamen Del Uno mismo Del Start-up Del Negocio Del Sentido Común Contents Questions one should ask themselves. –Should I start a small business? –How do I start a small business? –What business should I start? –Can I operate a small business from my home? –How long will it take to start a small business? –How much money will I need to start? –Can I get a grant to start a small business? –Can I get assistance in starting a small business? –Should I buy an existing business or purchase a franchise? –How do I choose a name for my business or can I use my own? –Which form of business organization should I pick? –What is an “S” Corporation?

4 Dallas Small Business Development Center Business Start-up Workshop Starting Your Business at Home Comenzando su negocio en el país Contents Questions one should ask themselves. –Do you have the appropriate space? –Are city or county permits required; if so, how much will it cost? –Have you written a business plan? –Are there distractions at home? –Would you feel isolated if you did not have other workers around you? –How will this business be financed? –Are you a self-starter? –Are there zoning restrictions on some types of home-based businesses? –What about the neighbors? –How big can the business get before it needs larger quarters? Association: National Association of Home Based Businesses Magazines: Business 2.0, Inc., Fortune, Money Magazine Websites: Entrepreneur.com, SBA.gov, Microsoft.com (free templates)

5 Dallas Small Business Development Center Business Start-up Workshop Operating a Business Funcionamiento de un negocio Operating your business to be successful will depend on: –A practical plan built on a solid foundation dedication, –Perseverance, –Willingness to sacrifice to reach your goal, –Technical skills, –And, a basic knowledge of management, market analysis, finance and record keeping

6 Dallas Small Business Development Center Business Start-up Workshop Vision and Mission Visión y misión Can you picture it? Where do you see the business going? What problem are you resolving? Is the market large enough? Can you live off business revenue alone? How’s your credit, is it well enough to attain a business loan.

7 Dallas Small Business Development Center Business Start-up Workshop Resource List for Entrepreneurs Lista del recurso para los empresarios –Texas Alcoholic Beverage Commission –www.tabc.state.tx.us –Corporation/UCC Information –www.sos.state.tx.us or –Marketing Trends/Research –www.census.gov Paula Wright www.census.gov – North Central Texas Council of Governmentwww.nctcog.org –Employment Taxes –www.twc.state.tx.uswww.twc.state.tx.us –Tax Identification Number/Income Tax Requirements/Payroll Taxes –www.irs.govwww.irs.gov –Food Inspection and Permits – City of Dallas Food Protection & Education –Licensing & Regulation –www.license.state.tx.us www.license.state.tx.us

8 Dallas Small Business Development Center Business Start-up Workshop Funding Sources Fuentes De Financiamiento –Personal Funds –Family and Friends –SBA Commercial Loan from Financial Institution (Washington Mutual, Chase, Wachovia, Wells Fargo, Texans CU) –Micro loan from Micro Enterprise Lender (ACCION Texas, Texas Mezzanine Fund) –Community Loan Fund (Southern Dallas Development Corp. or The Plan Fund) –IDA Savings Match Funds (YWCA of Dallas or Foundation Communities) –Venture Capitalists –Revenue from test sales –Factoring (talk to Business Counselor for more details)

9 Dallas Small Business Development Center Business Start-up Workshop What Steps Do I Take Next? ¿Qué Medidas Tomo Después? –Seek Business Counseling from SBDC –Secure the funding –Conduct adequate research and market analysis –Test the market –Decide on the name of the business –Decide on the legal form of the business –Apply for the Employer I.D. number from the IRS –Apply for the Sales Tax number (if needed) from the Texas State Comptrollers office –Open a business checking account Free templates at Microsoft.com visit

10 Dallas Small Business Development Center Business Start-up Workshop Thank You SBDC thanks you for taking the time to learn more on how to launch your start-up. If you would like more help, please contact the Small Business Development Center at Ask for any one of the other qualified counselors there to assist you. SBDC le agradece por tomar la época de aprender más en cómo lanzar su start-up. Si usted quisiera más ayuda, entre en contacto con por favor el centro del desarrollo de la pequeña empresa en Pida Cynthia Nevels o cualquiera de los otros consejeros cualificados allí asistirle.


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