 |
|
 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
|
|
Business start-up information:
• Types of business organizations
• The top ten entrepreneurial traps/mistakes
• Take these steps before you start your business
• Business regulations
Helpful Websites:
• CT: Chapters and Chambers of Commerce
• CT Economic Development Commissions (download word document)
Business plans:
• Case study
• Business plans outline (download word document)
• Business plans workbook (download word document)
• Business plan checklist (download word document)
• Risk management
• Excel Spreadsheets for starting your Business Plan
Risk management:
Risk Management Improves the Performance of a Small Business
“Thus, risk management is important to small business because it improves performance -- and, ultimately, the bottom line. For example,
Through effective contingency planning, a business can continue to serve its customers even after an adverse event affecting the business, its suppliers, its customers, or the entire community.
A strong quality-control program can improve a business' goods or services, reducing the potential for lawsuits and improving the business' competitive position in the marketplace.
An accident-prevention program can help ensure that a business' resources are put to their best possible use, instead of being diverted to make up for accident-related losses.
By carefully monitoring the market, a business can prepare to respond rapidly and effectively to changing needs.
Advance agreements with lenders for access to financial resources can reduce the likelihood of a cash-flow crisis.
Advice from professionals, such as accountants and attorneys, can improve a business' financial position and its compliance with legal and regulatory requirements.
By working with neighboring businesses, civic associations, chambers of commerce, and local governments to address community needs, a business can help to improve the overall business environment. “
From Risk Management for Small Business, by Claire Lee Reiss, J.D., A.R.M., Public Entity Risk Institute, Fairfax, Virginia 2004. Reproduced with permission. For copies of the full monograph, contact PERI. 11350 Random Hills Road, Suite 210, Fairfax, VA 22030. Telephone: 703-352-1846 Website: www.riskinstitute.org