Support Systems
This clip focuses on the importance of having a strong support system of family and friends during the stressful early years of a new business.
Franchising Opportunities
This clip explains that, by its very nature, franchising is a way of taking a successful business and packaging it in a system that can be duplicated. Franchises are popular with many entrepreneurs because they offer the chance to own and manage a b...
Proprietorships
This clip explores the advantages and disadvantages of setting up a business as a sole proprietorship. While this approach does afford the maximum flexibility, it also generally exposes the owner to more risk than other forms of legal organization.
Obtaining a Bank Loan
This clip looks at the challenges involved in securing a bank loan. It also touches on the role of the Small Business Administration in giving banks an incentive to make longer term loans, with less collateral and less of an equity requirement.
Characteristics of the Entrepreneur
This clip explores the personal characteristics of the "typical" entrepreneur, as well as the challenges and opportunities that come with operating a small business.
Entrepreneurship and Managing
This clip points out that the long-term success of a small business is dependent on a number of factors, including sound management.
Setting Up a Business: Legal Options
The clip looks at how to legally set up a new business, and presents three of the most common approaches: proprietorships, partnerships, and corporations.
Small Business Incubators
This clip talks about the option of starting a company as part of a small business incubator, which is essentially a shared facility of resources.
Small Business Innovation Research Program
This clips talks about the Small Business Innovation Research program, which provides research and development grants for prospective entrepreneurs.
Sources of Capital
This clip looks at potential sources of capital for getting a new business off the ground. Apart from tapping one's own savings or other personal resources, the other options generally fall into two broad categories; debt and equity.