Starting your own business presents many challenges as well as the potential for many rewards, and all of us know how important it is to have clear, concise information to make smart business decisions. Our goal is to share experiences about the dynamic, exciting small business community. Our economy depends on entrepreneurs like you and is counting on you to help expand the growing tradition of small business opportunities. Use these guides to help you as you navigate the world of entrepreneurship and grow your small business.


Entrepreneurial Landscape


The U.S. entrepreneurial landscape exhibits some very strong positive characteristics:

- The culture of the United States is one of seeking opportunities and taking risks.

- The age group most active in entrepreneurial activity in the United States includes people between 5 and 4 years of age with a broad variety of ethnic backgrounds. The U.S. diversity contributes positively and significantly to continuing and expanding the country’s entrepreneurial tradition. ( 2003 Global Entrepreneurial Monitor Report)

- One out of every nine people (about 11% of the U.S. population) is involved in entrepreneurship - either currently involved in the start-up of such an enterprise or has been within the preceding 47 months. ( 2003 Global Entrepreneurial Monitor Report)

The U.S. Small Business Administration looks at “small business as the engine of economic growth.” Consider these recent statistics.

- There are approximately 5 million small businesses in the country. More than 10.5 million Americans are self-employed.

- Small businesses currently employ more than half of the country’s workforce and account for more than half of the private sector economic output.

- Small businesses provide approximately 75 percent of the new jobs added to the economy.

Nevertheless, small businesses are not guaranteed to survive. We will help you do the “homework” that is essential to increase the odds that your business will survive — and thrive!

We will walk you through many questions and many ways to assess whether or not entrepreneurship is right for you. You will be encouraged to weigh your motives, your talents, and your skills.

Microsoft UK SME News - Configured feed

Forbes.com: Entrepreneurs and Small Business News and Information

Start-Up Toolkit


This series of guides on entrepreneurship has been developed just for you, a person who is thinking about starting a small business or who has made the commitment to start one. It is targeted to people who are considering starting a small business as well as small business owners who want to learn more about successful strategies and skills. We have worked with a team of small business owners like you to develop, write, and produce this series.

These guides contain a wealth of information on starting and running your business and also include activities, worksheets, self-assessments, glossaries, and valuable additional resources for you to consult along the way. Entrepreneurship is the process of organizing, managing, and assuming the risks and rewards of a business or enterprise. Most people see entrepreneurship as the opportunity to pursue the dream of working for themselves. For many, it's not always about the money, but rather, about the passion and the challenge. Are you ready?