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Library Resources for BUS101 Douglas & Judith Krupp Library Fall 2010 Colleen Anderson, Reference Librarian

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Presentation on theme: "Library Resources for BUS101 Douglas & Judith Krupp Library Fall 2010 Colleen Anderson, Reference Librarian"— Presentation transcript:

1 Library Resources for BUS101 Douglas & Judith Krupp Library Fall 2010 Colleen Anderson, Reference Librarian

2 Components of Business Plan Research The Business Plan An Industry Overview and Forecast The Target Market and Demographics Location and Traffic Counts The Competition Developing Financials and Locating Capital Registering Your Business Licensing and Business Regulations Risk Management and Insurance Colleen Anderson

3 The Business Plan Bplans.com …place your cursor over Sample Plans to retrieve 100 sample business plans. Writing the Business Plan U.S. Small Business Admin. Writing the Business Plan …a step-by-step guide on how to write a business plan. Select the Small Business Planner module and click on Write a Business Plan. How to Start a Business in Rhode Island REF HD62.5.H …everything you need to know about starting a business in Rhode Island, from Your Duties as an Employer to forms you’ll need to start a business. How to Start a Business in Rhode Island Colleen Anderson

4 The Business Plan Business Plans Handbook REF HD62.7.B865 (1 st level) …a collection of business plans compiled by entrepreneurs seeking funding for small businesses. Business Plan Write …a tutorial on how to write a business plan from Business Resource Software. The free tutorial includes the needed components of the plan and an example of how each should be used. Business Plan WriteBusiness Resource Software Entrepreneurship Database. Business Plan Samples …look under the Start-up Tools section to locate links to Business Plan Samples; Guides, Templates & Tools, and a Tips & Advice video. Entrepreneurship Database Colleen Anderson

5 Sites for Business Planning Support U.S. Small Business Administration U.S. Small Business Administration …includes a Small Business Planner containing information and resources to help you start, manage and exit your business. The Write a Business Plan section of the Planner includes a short video course on writing a business plan.Small Business Planner Wall Street Journal. Small Business Section. Wall Street Journal …includes a small business how-to guide with tips on all aspects of starting a business, reports on creative new business start-ups, and additional articles covering all aspects of starting and running a business. Colleen Anderson

6 An Industry Overview and Forecast About NAICS How to identify your industry What is NAICS? NAICS, the North American Industry Classification System, is a numericalNorth American Industry Classification System classification system that assigns a number to each industry. This number is commonly reported as a 6-digit number. Why use NAICS? The NAICS number can be useful for locating competitors within your particular industry. Many electronic and print reference products organize industry information by this number. The economic census also records information using this system. Colleen Anderson

7 Example of a NAICS industry number for Landscaping Services Colleen Anderson

8 Industry Overview & Forecast Locating Industry Overviews and Trends IBIS World IBIS World Click on the Industry Market Research tab to gain access to comprehensive market research reports. First Research Industry Profiles (located in Proquest Business Databases) Industry Information Resources from ValuationResources.com …click on a broad industry category to expand your industry selections. Select your industry to gain access to a mixture of free and fee resources, including links to prominent trade associations and many free reports with industry overviews and trends. First Research Industry Profiles Proquest Business Databases Industry Information Resources Standard & Poor’s Industry Surveys In-depth overviews and forecasts for more than 50 major industries.Industry Surveys ***Remember to search for articles from business news and trade publications for current information on specific industries of interest. Colleen Anderson

9 Industry Overview & Forecast: Trade Journals Using trade associations & journals for industry research What is a trade association? A trade association is an association of companies operating within the same industry who band together to promote legislation, educate their members on industry regulations, collect industry data, develop directories promoting their members, and more. Trade association websites are often valuable sources for industry information. What is a trade journal? A trade journal is a journal devoted to covering the news from a particular industry. The articles in trade journals include industry news, company rankings & ratings, competitive information, and more. Colleen Anderson

10 Industry Overview & Forecast Example of a Trade Association Website Colleen Anderson

11 Industry Overview & Forecast Example of a Trade Association Website Colleen Anderson

12 Industry Overview & Forecast How to Locate Trade Associations American Society of Association Executives Gateway to Associations …search for trade and professional associations using the available search tools from ASAE. American Society of Association Executives Gateway to Associations Industry Information Resources from ValuationResources.com …select your industry and click on Industry Overview, Issues, Trends & Outlook. Arrow down on the page to locate links to associations. Industry Information Resources from ValuationResources.com National Trade and Professional Associations of the United States (REF HD2425.D ) …a listing of major trade associations with their contact information. National Trade and Professional Associations of the United States Colleen Anderson

13 Industry Overview & Forecast How to Locate Articles Using Proquest Business Databases, the Newspapers Database, and the Entrepreneurship DatabaseProquest Business Databases Newspapers DatabaseEntrepreneurship Database Colleen Anderson

14 Industry Overview and Forecast How to Locate Articles Using Business Source CompleteBusiness Source Complete Colleen Anderson

15 The Target Market and Demographics Locating State & Local Populations American Factfinder from the U.S. Census Bureau American Factfinder …type in a town, city, county or zip code to retrieve a statistical fact sheet with demographic data that allows you to compare your selected area to the national data. Rhode Island Economic Development Corporation Every state has an association or group interested in promoting the economic progress of the state. This group is often an excellent source for gathering data about towns and communities within the state. Rhode Island Economic Development Corporation Community Sourcebook of Zip Code Demographics REF HA203.S66 Community Sourcebook of Zip Code Demographics …economic & social demographics for each zip code area. Colleen Anderson

16 The Target Market and Demographics Locating Best Customers for Your Product Best Customers: Demographics of Consumer Demand REF HC79.C6 R (library 1 st level) …best customers to target for particular products. Household Spending: Who spends How Much on What REF HC110.C6.A (library 1 st level) …a comprehensive analysis of spending by Americans in the year Analyzes spending trends at the individual household level. Who’s Buying…. See Ready Reference Shelf 3 for this series that provides demographics on consumers of groceries, transportation, apparel, beverages and more. Ask a librarian if you need assistance locating these publications. Colleen Anderson

17 Selecting a Location Traffic Counts & Commercial Real Estate Traffic Counts from the Traffic Flow Map 2009 R.I. Department of Transportation. Federal Highway Administration. Traffic Counts Rhode Island Commercial Real Estate from Cityfeet Cityfeet is a leading online commercial real estate site that connects tenants, investors and brokers with property owners, brokers, and other real estate professionals. Rhode Island Commercial Real EstateCityfeet Colleen Anderson

18 The Competition: How to Find Competitors County Business Patterns …to locate the number of establishments similar to your own located in a particular zip code area. ReferenceUSA …a directory with profiles on 12 million US businesses. You can limit your search to a NAICS industry code number and then limit to a particular geographic area. Don’t forget the yellow pages! ReferenceUSA Colleen Anderson

19 Developing Your Financial Statements Anatomy of a Business Plan by Linda Pinson REF HD30.28.P (library 1 st level) Anatomy of a Business Plan …see chapter 6, Financial Documents. Microsoft Excel Template Library …click on the Office button icon in the upper left hand corner of the ribbon and select New. You will retrieve the template library. Scroll down until you see the Statements option. Select Statements to access templates for a 12 month cash flow statement, a 1 year income statement, profit and loss statement, statement of cash flows and more. SCORE Templates for Your Business … Essential forms for start-up and management of a small business. Forms include start-up expenses, cash flow statement (12 months and 4 years), a break-even calculation, and more. SCORE Templates for Your Business Colleen Anderson

20 Locating Start-Up Capital Financing Your Start-Up from the U.S. SBA …learn how to figure the amount of financing you need to start your business and where to obtain the financing you need. Financing Your Start-Up Best Banks for Entrepreneurs …select a state to display that state’s top microbusiness-friendly banks. Microbusiness loans are defined as business loans of less than $100,000. Best Banks for Entrepreneurs vFinance.com … Free tools to help find venture capital firms and angel investors. Business plans can be posted for viewing by more than 100,000 potential investors. vFinance.com Colleen Anderson

21 Registering Your Business R.I. Business Information Center FAQ …answers to frequently asked questions regarding starting a business. Business Registration State of Rhode Island. Division of Taxation. …where to register your business in Rhode Island to provide the state with income tax withholding and taxes from retail sales, to set up R.I. unemployment insurance accounts, and more. Corporate Name Availability Form RI.gov for Business …a listing of links to support for businesses. Colleen Anderson

22 Complying with Labor Laws in R.I. Labor Laws in Rhode Island …an employer handbook that contains labor laws in Rhode Island. Labor Laws in Rhode Island RI State Department of Labor and Training …the department to go to in RI to obtain information on workers’ compensation insurance requirements. RI State Department of Labor and Training The Rhode Island Directory of New Hires …the department to go to in RI to report new hires and returning employees living and working in RI. Newly hired employees must be reported within 14 days of the employee’s first day on the job. Colleen Anderson

23 Licensing and Business Regulations Rhode Island Licensed Occupations …a listing of occupations and businesses in Rhode Island that require a license. Rhode Island Licensed Occupations Department of Business Regulation. Rhode Island. Department of Business Regulation …go to the appropriate regulation department in each state to view regulations and business licensing requirements. Business.gov Business Types and Industries Link. …select Business Types & Industries from the right bar menu and then page down to select your industry of interest to view resources explaining how to comply with federal regulations that apply to your selected industry. Business.gov Colleen Anderson

24 Risk Management and Insurance Risk Management Strategies from Small Business Notes Edited by Judith Kautz. Risk Management Strategies …a summary of strategies to manage risk. Insurance Management from Small Business Notes Edited by Judith Kautz. Insurance Management …an excellent summary of what types of insurance a small business needs to cover and why. Colleen Anderson

25 Need Help? Librarians Have Answers! Contact a Reference Librarian By Phone: By By Chat: Bryantlibchat Text a Librarian at ( 401) Colleen Anderson


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