Small businesses are the heart of a community.
There can be a lot of clutter and an overwhelming amount of resources for an entrepreneur to review. Miami County wants to help reduce the hassle by letting entrepreneurs and small business owners focus on their strengths while being supported by the right resources.
More than 80% of Miami County’s businesses have few than 20 employees. The partners invested in developing Miami County’s creative ecosystem provide assistance in ways that help owners leverage their time and investments.
Starting a new business venture can be an exciting, yet stressful, time. There are so many variables involved in making a business successful that evaluating each step of the process is important.
Steps to Success
Steps to Success is drafted by the Kansas Department of Commerce and provides a detailed list of important factors to consider and resources for your research. We suggest that while doing your homework, you utilize as many resources as possible to gather input on your vision.
However, do not overlook the need for professional advice. Missing a step early in the process can create future headaches, while skipping critical steps can lead to failure.
- Research and try to gain experience in the type of business you are interested in pursuing.
(Resource: Industry partners)
- Assess your strengths and weaknesses.
(Resources: Miami County Economic Development, Kansas Small Business Development Center, and SCORE)
- Obtain business management training.
(Resources: Fort Scott Community College, Miami County Economic Development, and Kansas Small Business Development Center)
- Research necessary licenses and permits.
(Resources: Miami County Planning, Miami County Economic Development, local community planning office, Kansas Department of Commerce, Kansas Secretary of State, Kansas Department of Revenue, and Kansas Small Business Development Center)
- Determine optimal legal structure.
(Resources: Professional attorney, professional accountant, Small Business Administration)
- Craft a comprehensive business plan that includes detailed marketing, financial, and operations plan.
( Resources: Miami County Economic Development, Kansas Small Business Development Center, and SCORE)
- Create a record-keeping system.
(Resources: Professional attorney, professional accountant, and Kansas Small Business Development Center)
- Develop a network of mentors and professional advisors.
(Resources: Banker, professional attorney, professional accountant, and Kansas Small Business Development Center)
Many of the resources listed above are available at little or no cost and were created to help you succeed. Remember: you don’t have to do this alone. Be wise and use existing resources and experience available to you. Preparation and the right team are keys to your business success.
All of these resources are also available to existing Miami County businesses.