One of life's most exciting and rewarding challenges is owning your
own business. It is as much a part of the American dream as
owning your own home. Small business owners represent the fastest
growing segment of the business community. While the risks are
great, the opportunities and rewards are even greater.
Information included is both general to the state of California and
specific to San Luis Obispo County. This guide outlines the different
forms of business organization and the establishment of a basic
business plan. It assists you in securing adequate financial
support, complying with federal, state and local tax obligations and
obtaining necessary licenses and permits. Most of all this guide
tells you where to find assistance and whom to call for answers to
Idea into a Business supplies some guidelines for judging business opportunities (startup, franchise, existing business).
Ready to Start provides
information on the advantages and disadvantages of starting your own
business, and guidelines to determine if you are ready to start and run
Steps to Start furnishes appropriate procedures to start a business.
Marketing provides information on marketing and guidelines for developing a Market Plan.
Structure discusses the various forms of organizations, and their advantages and disadvantages.
Legal Requirements presents some of the legal factors in which the organization will need to survive.
Financing furnishes information on the financing process and optional financing vehicles.
Accounting shows why accurate record keeping is important and how to do that.
Taxes discusses the various forms of taxes, and how to conform to taxation requirements.
Insuring provides information on the various forms of taxes and why they are important to the health of the business.
Hiring furnishes information on how to attract and keep good employees and the various types of employees.
Outside Assistance provides information on local organizations that provide support to small businesses.
Business Planning provides guidelines for writing a business plan. (See, also, Business Plan)
Financials defines and discusses the financials needed to manage the business.
Tips furnishes helpful hints provided by a successful local entrepreneur.
countywide contacts (county, city and financial institutions) and
research resources helpful in starting and running a business.
How to Start a Business in San Luis Obispo County is designed to give you the information you need before you open your business.
Remember that getting off to a successful start requires much
hard--and somewhat frustrating--work. There are many agencies and
organizations whose primary responsibility is to assist you in
beginning or expanding your business. Don't be afraid to ask for
help. Take advantage of the numerous addresses and telephone
numbers included in the following pages.
The preparers of this booklet gratefully acknowledge the significant
help from its own members and the Fresno County SCORE organization.
This book is available on-line, and as a CD.
San Luis Obispo County SCORE, Chapter 597
Web site: www.sloscore.org