Resources for small business owners

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If you currently operate, or are considering opening a small business, an important issue will be where to get the money to finance your operation. Most likely, you will work with a bank, for financing and to handle your business accounts. It is a good idea to have an established relationship with a bank to help you deal with any unforeseen emergencies, or even to help finance a sudden growth spurt. To find a bank to handle your small business needs, you may begin by talking to the bank where you have your personal accounts. Other resources include your local Chamber of Commerce. The chamber can help you with sales leads, information about local ordinances, demographic data, and other information you’ll find helpful in running your business. The public library also has a wealth of information. The reference sections of most libraries have special industry magazines, textbooks on marketing and finance, industry overviews, and other helpful information. You can also ask at the library reference desk for listings on financial institutions that can help finance your business. Finally, trade associations are a great source of information about what’s happening in your industry and the special challenges you may face. If you don’t know about a trade association for your field, check the Encyclopedia of Associations at the library. For more information, contact your local Small Business Administration office.

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