Library Resources for BUS101 Douglas & Judith Krupp Library Fall 2010

1. Library Resources for BUS101Douglas & Judith Krupp LibraryFall 2010 Colleen Anderson , Reference Librarian canderso@bryant.edu

2. Components of Business Plan Research • The Business Plan • An Industry Overview and Forecast • The Target Market and Demographics • Location and Traffic Counts • The Competition • Developing Financials and Locating Capital • Registering Your Business • Licensing and Business Regulations • Risk Management and Insurance Colleen Anderson canderso@bryant.edu

3. The Business Plan • Bplans.com …place your cursor over Sample Plans to retrieve 100 sample business plans. • Writing the Business Plan U.S. Small Business Admin. …a step-by-step guide on how to write a business plan. Select the Small Business Planner module and click on Write a Business Plan. • How to Start a Business in Rhode IslandREF HD62.5 .H685553 2004…everything you need to know about starting a business in Rhode Island, from Your Duties as an Employer to forms you’ll need to start a business. Colleen Anderson canderso@bryant.edu

4. The Business Plan • Business Plans Handbook REF HD62.7 .B865 (1st level) …a collection of business plans compiled by entrepreneurs seeking funding for small businesses. • Business Plan Write…a tutorial on how to write a business plan from Business Resource Software. The free tutorial includes the needed components of the plan and an example of how each should be used. • Entrepreneurship Database. Business Plan Samples…look under the Start-up Tools section to locate links to Business Plan Samples; Guides, Templates & Tools, and a Tips & Advice video. Colleen Anderson canderso@bryant.edu

5. Sites for Business Planning Support • U.S. Small Business Administrationhttp://www.sba.gov/ …includes a Small Business Planner containing information and resources to help you start, manage and exit your business. The Write a Business Plan section of the Planner includes a short video course on writing a business plan. • Wall Street Journal. Small Business Section.http://online.wsj.com …includes a small business how-to guide with tips on all aspects of starting a business, reports on creative new business start-ups, and additional articles covering all aspects of starting and running a business. Colleen Anderson canderso@bryant.edu

6. An Industry Overview and ForecastAbout NAICS How to identify your industry What is NAICS? http://www.census.gov/epcd/www/naics.html NAICS, the North American Industry Classification System, is a numerical classification system that assigns a number to each industry. This number is commonly reported as a 6-digit number. Why use NAICS? The NAICS number can be useful for locating competitors within your particular industry. Many electronic and print reference products organize industry information by this number. The economic census also records information using this system. Colleen Anderson canderso@bryant.edu

7. Example of a NAICS industry number for Landscaping Services Colleen Anderson canderso@bryant.edu

8. Industry Overview & ForecastLocating Industry Overviews and Trends IBIS WorldClick on the Industry Market Research tab to gain access to comprehensive market research reports.First Research Industry Profiles (located in Proquest Business Databases)Industry Information Resources from ValuationResources.com…click on a broad industry category to expand your industry selections. Select your industry to gain access to a mixture of free and fee resources, including links to prominent trade associations and many free reports with industry overviews and trends. Standard & Poor’s Industry SurveysIn-depth overviews and forecasts for more than 50 major industries. ***Remember to search for articles from business news and trade publications for current information on specific industries of interest. Colleen Anderson canderso@bryant.edu

9. Industry Overview & Forecast: Trade JournalsUsing trade associations & journals for industry research What is a trade association? A trade association is an association of companies operating within the same industry who band together to promote legislation, educate their members on industry regulations, collect industry data, develop directories promoting their members, and more. Trade association websites are often valuable sources for industry information. What is a trade journal? A trade journal is a journal devoted to covering the news from a particular industry. The articles in trade journals include industry news, company rankings & ratings, competitive information, and more. Colleen Anderson canderso@bryant.edu

10. Industry Overview & Forecast Example of a Trade Association Website Colleen Anderson canderso@bryant.edu

11. Industry Overview & Forecast Example of a Trade Association Website Colleen Anderson canderso@bryant.edu

12. Industry Overview & Forecast How to Locate Trade Associations • American Society of Association Executives Gateway to Associations…search for trade and professional associations using the available search tools from ASAE. • Industry Information Resources from ValuationResources.com…select your industry and click on Industry Overview, Issues, Trends & Outlook. Arrow down on the page to locate links to associations. • National Trade and Professional Associations of the United States(REF HD2425 .D53 2010)…a listing of major trade associations with their contact information. Colleen Anderson canderso@bryant.edu

13. Industry Overview & Forecast How to Locate Articles Using Proquest Business Databases, the Newspapers Database, and the Entrepreneurship Database Colleen Anderson canderso@bryant.edu

14. Industry Overview and ForecastHow to Locate Articles Using Business Source Complete Colleen Anderson canderso@bryant.edu

15. The Target Market and DemographicsLocating State & Local Populations • American Factfinder from the U.S. Census Bureau …type in a town, city, county or zip code to retrieve a statistical fact sheet with demographic data that allows you to compare your selected area to the national data. • Rhode Island Economic Development CorporationEvery state has an association or group interested in promoting the economic progress of the state. This group is often an excellent source for gathering data about towns and communities within the state. • Community Sourcebook of Zip Code DemographicsREF HA203 .S66 …economic & social demographics for each zip code area. Colleen Anderson canderso@bryant.edu

16. The Target Market and DemographicsLocating Best Customers for Your Product • Best Customers: Demographics of Consumer Demand REF HC79 .C6 R87 2008 (library 1st level) …best customers to target for particular products. • Household Spending: Who spends How Much on What REF HC110 .C6 .A666 2008 (library 1st level) …a comprehensive analysis of spending by Americans in the year 2000. Analyzes spending trends at the individual household level. • Who’s Buying….See Ready Reference Shelf 3 for this series that provides demographics on consumers of groceries, transportation, apparel, beverages and more. Ask a librarian if you need assistance locating these publications. Colleen Anderson canderso@bryant.edu

17. Selecting a LocationTraffic Counts & Commercial Real Estate • Traffic Counts from the Traffic Flow Map 2009R.I. Department of Transportation. Federal Highway Administration. • Rhode Island Commercial Real Estate from CityfeetCityfeet is a leading online commercial real estate site that connects tenants, investors and brokers with property owners, brokers, and other real estate professionals. Colleen Anderson canderso@bryant.edu

18. The Competition: How to Find Competitors • County Business Patterns …to locate the number of establishments similar to your own located in a particular zip code area. • ReferenceUSA…a directory with profiles on 12 million US businesses. You can limit your search to a NAICS industry code number and then limit to a particular geographic area.Don’t forget the yellow pages! Colleen Anderson canderso@bryant.edu

19. Developing Your Financial Statements • Anatomy of a Business Plan by Linda PinsonREF HD30.28 .P5 2005 (library 1st level) …see chapter 6, Financial Documents. • Microsoft Excel Template Library…click on the Office button icon in the upper left hand corner of the ribbon and select New. You will retrieve the template library. Scroll down until you see the Statements option. Select Statements to access templates for a 12 month cash flow statement, a 1 year income statement, profit and loss statement, statement of cash flows and more. • SCORE Templates for Your Business…Essential forms for start-up and management of a small business. Forms include start-up expenses, cash flow statement (12 months and 4 years), a break-even calculation, and more. Colleen Anderson canderso@bryant.edu

20. Locating Start-Up Capital • Financing Your Start-Up from the U.S. SBA…learn how to figure the amount of financing you need to start your business and where to obtain the financing you need. • Best Banks for Entrepreneurs…select a state to display that state’s top microbusiness-friendly banks. Microbusiness loans are defined as business loans of less than $100,000. • vFinance.com… Free tools to help find venture capital firms and angel investors.  Business plans can be posted for viewing by more than 100,000 potential investors. Colleen Anderson canderso@bryant.edu

21. Registering Your Business • R.I. Business Information Center FAQ …answers to frequently asked questions regarding starting a business. • Business Registration State of Rhode Island. Division of Taxation. …where to register your business in Rhode Island to provide the state with income tax withholding and taxes from retail sales, to set up R.I. unemployment insurance accounts, and more. • Corporate Name Availability Form • RI.gov for Business …a listing of links to support for businesses. Colleen Anderson canderso@bryant.edu

22. Complying with Labor Laws in R.I. • Labor Laws in Rhode Island…an employer handbook that contains labor laws in Rhode Island. • RI State Department of Labor and Training …the department to go to in RI to obtain information on workers’ compensation insurance requirements. • The Rhode Island Directory of New Hires …the department to go to in RI to report new hires and returning employees living and working in RI. Newly hired employees must be reported within 14 days of the employee’s first day on the job. Colleen Anderson canderso@bryant.edu

23. Licensing and Business Regulations • Rhode Island Licensed Occupations…a listing of occupations and businesses in Rhode Island that require a license. • Department of Business Regulation. Rhode Island. …go to the appropriate regulation department in each state to view regulations and business licensing requirements. • Business.govBusiness Types and Industries Link.…select Business Types & Industries from the right bar menu and then page down to select your industry of interest to view resources explaining how to comply with federal regulations that apply to your selected industry. Colleen Anderson canderso@bryant.edu

24. Risk Management and Insurance • Risk Management Strategiesfrom Small Business NotesEdited by Judith Kautz. …a summary of strategies to manage risk. • Insurance Managementfrom Small Business Notes Edited by Judith Kautz. …an excellent summary of what types of insurance a small business needs to cover and why. Colleen Anderson canderso@bryant.edu

25. Contact a Reference Librarian By Phone: 401-232-6299 By Email:refdesk@bryant.edu By Chat: Bryantlibchat Text a Librarian at (401) 595-7306 Need Help? Librarians Have Answers! Colleen Anderson canderso@bryant.edu