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New Businesses

Starting a new business can be exciting and challenging. There is much to be done during the idea and planning phase of opening a new business. This stage of business development is critical to the long term success of the business. It is common knowledge that failure rates for new businesses are high. However, businesses owners that plan properly before opening the business increase their chances of success.

Starting a new business requires extensive planning and preparation which is quite time consuming. To assist in this process, Arkansas Small Business Development Center offers a variety of services to assist new business owners.

How to Start a New Business
Recommended Action Steps

For those who are planning to start a new business, the ASBDC recommends that you follow the ASBDC Recommended Action Steps for Starting a New Business. These steps will help you as you determine whether or not you want to start a business as well as consider the feasibility of your chosen business.

• Recommended Action Steps for Starting a New Business

Training

The first course recommended to those who are considering starting a business is "Starting a Business in Arkansas". The ASBDC also offers other training programs of interest to those who are starting a business. Live classes as well as online courses are available.

• Starting a Business in Arkansas instructor-led course

• Starting a Business online course

Articles, Information, and Tools

The ASBDC offers helpful information and tools to those who are starting a business. A great deal of information is available online.

• Articles, Information and Tools for New Businesses

Financing for Start Up Businesses

Obtaining financing to start a business can be challenging. Therefore, it is important to consider the realities of obtaining financing. Information on obtaining financing can be found at the following links:

• Obtaining Small Business Financing

• Can I Qualify for a Business Loan?

Writing a Business Plan

Writing a business plan is an important step in starting a new business. The ASBDC offers a variety of services to those who are in the process of writing a plan. The following link provides more information and tools for those in the process of writing a business plan:

• Writing a Business Plan

Frequently Asked Questions

The ASBDC provides answers to common questions often asked by those that are starting a new business.

• Frequently Asked Questions

Answers to Questions

Arkansas residents who need additional assistance in answering questions about starting a business, contact your local SBDC office.

• SBDC offices

 
 

Arkansas Small Business and Technology Development Center
University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: 501.683.7700   Fax: 501.683.7720

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The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.