Most entrepreneurs and new business owners have questions about writing a business plan, understanding business structures, raising capital and conducting market research for your specific industry. The questions and answers below include links to additional helpful information.
Many answers to your questions on starting a business can be found in our start-up & resource guide.
1. Where can I find information on writing a business plan?
Click here for Business Plan information including links to online samples.
2. Are there grants for my business?
If you are starting a for-profit business, there generally aren’t any grants. Businesses are typically started with the business owner’s own capital or money from friends and family. A small business loan is another option. The Lone Star Small Business Development Center can help you determine your eligibility for a bank loan and assist you in putting together a loan application. Click here for more information on accessing start-up capital.
3. How do I obtain demographic information?
Visit the U.S. Census Bureau website’s American FactFinder section for 2000 actual data. The Census Bureau also has population projections by age and ethnicity. The Sourcebook of Zip Code Demographics offers projections based on income and spending potential.
4. How do I find about trends in my specific industry?
Encyclopedia of American Industries has industry statistics, overviews, and information on leading companies.
5. How do I find an association for my business and what can they do for me?
Look through the Encyclopedia of Associations or search on a specific ‘association’ on Google. Trade associations usually have industry statistics and other information to help you with your market research and strategy.
6. How do I find out about specific franchises?
Bond’s Franchise Guide or the International Franchise Association, Opportunities Franchise Guide have detailed descriptions on a variety of franchises. You can then visit the specific franchise websites for more information.