SBA helping young entrepreneurs create their own jobs
If you’re early in your career, you might have your eye on a certain company you’d love to work for. But if you can’t find quite the right fit with a job that already exists, why not create a new job for yourself with help from the U.S. Small Business Administration?
Our mission at the SBA is to help small business owners succeed. And we’ve got great tools to help young people start businesses based on their ideas and visions.
Across our region, young people are taking the plunge into entrepreneurship, looking to start the next social media phenomenon, adding value in marketing and graphic design or inventing brand new products that make the world a better place. Sometimes the best business ideas come from people who might be new to building a business, and that’s where the SBA can help.
Through a network of offices and partner organizations, the SBA offers proven tools and resources to help new entrepreneurs succeed. More specifically, our resources include the three Cs — capital, counseling and contracting.
Our loan and equity investment programs put more capital in the hands of small businesses through a network of partner banks, credit unions, certified development companies and venture capital funds. Using our programs, our lending partners can provide everything from financing for a multi-million dollar piece of manufacturing equipment through our 504 loan program to a low-cost loan for a few thousand dollars through our microloan program.
The SBA offers counseling on such topics as accounting, finance and marketing to more than a million aspiring entrepreneurs each year. This free and confidential assistance can boost the chances your business will turn a profit and you’ll secure the kind of financing you could need to grow.
Finally, the SBA helps small business owners pursue contracting opportunities with the federal government, offering additional incentives and resources for women, veterans and disadvantaged businesses.
The SBA knows young entrepreneurs have different needs. More than other age groups, young people tend to be online and mobile. They’re starting different kinds of businesses while working out of cafes or even dorm rooms. So we’ve launched a new set of online tools with links to resources and free online courses geared specifically toward young entrepreneurs. Check it out at www.sba.gov/content/young-entrepreneurs.
Take a course or listen to a podcast about the essential steps in starting a business. These and other SBA resources will stimulate your thinking and move you forward on the path toward entrepreneurship. In addition, the new SBA online community posts articles and advice from thousands of small business owners and fledgling entrepreneurs. Sometimes the best advice comes not from the experts, but from other young business people facing the same issues. Join the conversation at www.sba.gov/community.
If you’d prefer to explore these issues face-to-face or on the phone with an SBA advisor or resource partner, get in touch with your closest SBA office at www.sba.gov/direct.
We know from Facebook and Google and countless other businesses across the country that young people are changing the world and strengthening our economy through entrepreneurship. At the SBA, we’re working hard so that more young people can not only find jobs, but also create their own