Let Illinois workNet guide you through what you need to know before you start a business

1. Illinois workNet®
Starting a Business

2. DecisionsDecide
What is
your
business
going to
do?
Plan
Create
a plan,
follow
the
steps.
Resources
Where
can you
access
help?

3. What is your plan?
 What is your vision/mission?
 What is your
 Product?
 Service?
 What is your unique selling proposition?
 What is your competition and where do you fit?

4. What is your function?
Entrepreneur
Manager
Technician
If you
cannot do
all three
functions,
hire
someone to
help you!

5. Need to Hire?
Will you be hiring staff?
Full-Time
Part-Time
Consultants
Recruiting
Hiring Credits

6. Resources
 Organizations that can help you establish your
plan include:
 Small Business Development Centers
 Small Business Administration
 Small Business Advocacy Council
 Women’s Business Development Center
 Veterans Business Outreach Centers
 Senior Corps of Retired Executives
 Look for more resources at
http://www.illinoisworknet.com/startup
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7. Other Decisions
 In addition to your business plan, there are logistical
considerations:
 Business location
 Home based
 Commercial location
 Business Registration
 Sole Proprietor, LLC, or S-Corp
 Tax Identification Number
 Financing
 Bank Loans
 Small Business Loans
 Tax Credits
 Grants
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8. Demonstration
Time