Economics: Today and Tomorrow © 2012

"Going Pro:Getting Your Small BusinessinBusiness"

Introduction
Your brother has turned his passion for skateboarding into a full time job: he sells more than 10 custom-built skate boards each week. He wants to expand his business, but he needs some pointers as well as some start-up revenue. When he asks you for advice on starting and running a small business, you direct him to the Small Business Administration Website.

Destination Title: Small Business Administration

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Directions
Start at the Small Business Administration Web site

• Roll your cursor over the "Small Business Planner" and click on "Plan Your Business".
• Read through the site, taking notes as you go. To make sure you get the basics of business start up, make certain to read through the information on the following topics: "Get Ready," "Write Your Business Plan" and "Start Your Business".

1			What is a business plan, and what are its components? Why should a business owner have one?
2			From your research, you've found that the Small Business Administration does not loan money directly to entrepreneurs. How do they provide financial assistance to small business owners?
3			What other kinds of assistance, besides financial, can the Small Business Administration provide?
4			What government regulations can affect a business?
5			Most new businesses need cash for startup supplies. Use this Web site's tips on making an effective presentation to write a proposal to a local banker asking for a small loan to cover startup costs.