Small Business Resource Toolkit
This Small Business Resource Toolkit serves as a reference source for small business owners throughout Massachusetts, who may not have the ability or time to access resources to create or maintain their business. The purpose of this toolkit is to provide important information related to business planning, maintenance, and growth.
Which phase of business development are you in right now?
Find resources below for every step of your journey.
Planning Your Business
Whether you are starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions.Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.
Be mindful that each loan, grant, and venture capital program is different. It is important to make sure you conduct research on all available options to find the one that is right for your business. Factors such as funding type, industry type, business type and more can further determine the kinds of financial support available.
Managing Your Business
It's important to assess how you will manage your business moving forward – will your focus be on maintenance or growth? Having a strong sense of how your business is operating in regard to finance, people management, and sales can be useful in determining where your business is and your capability for development.
Small business accounting is done by recording all the income and expenses your company generates and using that information to make forecasts, generate invoices, complete payroll, and file taxes. While accounting may not be your favorite part of the job, it is vital for business success.