Lori Chillingworth with Zion’s Bank Women’s Financial Group points us in the right direction.
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You’ve got a fabulous idea for a small business! And you want to put the idea to work for you, but you need some funding to get the idea off the ground. Where can you go for help with funding?
Business ownership can be exciting, but it also means a lot of work. New businesses may face financial difficulties until the business becomes profitable, which could take months or years. Despite these challenges, however, small businesses do have some excellent business resources available to them.
Avoid the common financing mistakes some small business owner make:
•Don’t borrow money for your “big” idea with credit cards
• Don’t borrow from friends and family (dialing for dollars)
Instead follow these steps to put yourself in a strong financial position.
• Decide if you have what it takes to be an entrepreneur
• Write a business plan
•Identify what makes your idea different/better than competitors.
To provide entrepreneurs additional support, the Zions Business Resource Center offers small business owners and managers convenient access to information, seminars and workshops—all for FREE. Located at 310 South Main Street. in Salt Lake City, the Resource Center provides multi-media business resources — including a computer lab for research and for writing business plans, a library of business startup guides, and other books and publications that offer advice, ideas, and information. www.resources.zionsbank.com
Other Resources for Entrepreneurs & Small Business Owners:
• Small Business Administration (SBA) (www.sba.gov)
• Utah MicroEnterprise Loan Fund (UMLF) www.umlf.org
• The Pete Suazo Business Center www.petesuazocenter.org
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