EntrepreneursResource for Entrepreneurs |
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America Needs Entrepreneurs!The United States is a country of entrepreneurs. One of every ten workers in America starts their own business; in England only one of every 33 does so, and in Japan only one of every 100. These people and the small companies they create account for the vast majority of US employment — over 99% — and generate trillions of dollars in annual revenue. |
| AL Abbeville | |||||
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| CA Irvine | |||||
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| IL Chicago | |||||
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| ME Hadley | |||||
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| OR Lake Oswego | |||||
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| OR Portland | |||||
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Initial Steps to Starting a Business1. Create a business plan - How will you do business? How will you attract clients? How much will you charge for your services or product? Who are your vendors? How long will it take to establish yourself? How long before you break even? 2. Construct a practical budget - Do you have the necessary funds to get your business started and to keep it running through your break-even point? Are you prepared to seek outside funds in the form of a loan or investment? How long can you survive without an income? 3. Will you set up office in your home initially, or rent space? - Working at home can save money. You may qualify for tax deductions. However, will it harm your professional image, and is your home space appropriate for your business? 4. Select the legal form for your business - This decision is crucial as it may affect your tax liability and method, your Social Security tax responsibilities, your privacy, and your personal liability for debts. |
Oregon Leads in EntrepreneurshipOregon ranks high in the number of its jobs tied to foreign export (8), it also ranks low in the amount of foreign investment in companies (35). In order to generate the economic might necessary to bridge this gap and compete globally, Oregon has by necessity become a state economy driven by start-up activity: Only one state in the US claims more gazelle-created jobs than Oregon.
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