Ever since our government created the SBA (Small Business Administration) back in 1953, it’s been working hard to promote, assist and protect America’s small business interests. Chief among its goals is to help entrepreneurs as they try to create and “grow” new companies.
During recent years, the SBA has been offering online courses that can help people focus in on creating viable business plans – while also securing adequate funding for their initial marketing and other needs. Whether your business is still in the planning stages – or already gaining traction – you can benefit by taking several of these courses.
SBA classes can greatly help many business owners
- The All Small Mentor-Protégé Program. Like most of the courses offered, this one allows you to glance at a course transcript or outline before starting the class. This 30-minute program is designed to help entrepreneurs decide if they’re businesses are ready to sell goods or services to the federal government. If you believe your business is ready, you can take this course and use the certification of completion while applying for acceptance into this mentor-protégé program;
- Business opportunities. This 30-minute class (offered on a self-paced basis), helps entrepreneurs learn how federal contract procedures work and what they must first do before trying to sell goods to the federal government;
- A course on gaining a competitive advantage for your company. This SBA class teaches students how to accurately evaluate their competition, create a brand, seek out potential customers and decide how best to set prices for their goods and services;
- Financing your business. There are many ways to come up with the money you’ll need besides funding it yourself or obtaining a bank loan. This class explains the basics facts about venture capital, crowdfunding, angel investors, grants and other sources. You’ll also gain a better idea how to figure out your exact start-up costs and other expenses;
- Legal requirements for a small business. This course explains many basic aspects of employment law that must be understood before trying to start a company. One key topic looks at how you must responsibly hire and fire employees. Be sure to speak with your Houston business law attorney during the earliest stages of starting your company to make sure you’re complying with all applicable state, local and federal laws;
- Social media marketing. Every small business owner must learn how to properly market goods and service to the public using social media platforms like Facebook, Twitter, Pinterest, LinkedIn, YouTube, Tumblr and others. This course also teaches students how to reach their prime or target audiences based on such factors as age and location;
- Growing an established company. At some point, most companies find themselves facing unexpected competition or a change in market forces that makes them need to retool their approach to winning new customers. This class will help you determine if your company is ready to expand and how to carry out that goal. It also teaches important growth strategies;
- A course on buying a company already in business. Terms like due diligence are explained so that students will understand the critical need to learn all they can about any business before buying it,
- The special cybersecurity needs of small businesses. This course helps acquaint owners with some of the ways they can try to protect themselves against major cyber threats that can take down websites and otherwise disrupt normal business transactions. There’s also a related class that describes useful ways to prevent general crimes from being committed against your company.
All the courses referenced above may prove useful to a large percentage of new businesses (or those needing to reinvent themselves). The following brief synopses are related to classes created for unique groups of entrepreneurs.
SBA classes designed for the needs of specific individuals and groups
- Special contracting opportunities for veteran entrepreneurs. Nearly one in ten U. S. businesses are owned by military veterans. Since these men and women often face special burdens after serving our country, the government has created unique programs to help them find profitable ways to support themselves and provide jobs to others;
- A course designed for Spanish-speaking young people. Titled Jovenes Emprendedores, this class provides key guidance for those who need business training materials taught and presented in Spanish). There is also a class designed for young entrepreneurs who are native English speakers;
- Business development class for Native American businesses. Students in this class will learn more about the 8 (a) Business Development Program that’s been specially set up to help many small business owners facing economic disadvantages;
- Entrepreneurship program for women over 50. Given the high number of seniors now needing to remain in the workforce past normal retirement age, this course is perfect for older women wanting to get new businesses off to a good start. Those who take this course may also want to review the materials designed for the more general WOSB (women-owned small business) Advantage class.
The courses referenced above are just a sampling of the roughly 63 free classes available to anyone who has 30 minutes (or more) to spend mastering these core topics. Should you decide to contact the SBA directly or online, they may be able to provide you with additional online and community resources that can help you get your business off to a promising start.
Please feel free to contact one of our Murray Lobb attorneys while trying to start up a new company – or purchasing one that’s already helping customers. We appreciate the opportunity to help all our clients succeed in all their new business endeavors.