1. You must have a business plan.
For assistance on putting together a business plan call:
William Brigham, Director
NYS Small Business Development Center
1220 Washington Ave
Building 7A Suite 500 Albany, NY 12226
518-485-7647 www.nyssbdc.org
This office offers FREE advice and counseling and can provide you with all the information necessary if you are considering starting a new business. You can also find direction on writing a business plan on the NYS Loves Business Website: www.nylovessmallbiz.com/startingabusiness/businessplan.asp
2. You must be willing to invest personal assets to fund the project. AGAIN, you need a business plan to figure how much money you need for the project. Financial Sources of assistance include your local banks and credit unions. Local banks interested in your commercial project are:
NBT Bank, N.A. 518-773-7348 or 736-2200
First Niagara Bank 518-773-7502 or 762-3947
Key Bank, N.A. 725-7141
3. You will need other people on your team, and should be willing to consult with them prior to your business venture.
Attorneys: Legal questions regarding liability, offer assistance as to what form of business (proprietorship, partnership, corporation, LLC).
Accountants: Financial projections, assistance with business plan, registration with tax authorities (IRS, NYS, Sales Tax, NYS DOL)
Insurance Companies: Coverage for your business; fire, theft, Workers Comp., Disability Insurance, Health Insurance
Local Chamber of Commerce: Training programs, advertising, Health Insurance Cooperatives, networking www.fultoncountyny.org 518-725-0641
NYS Dept. of Labor: Required postings, permits, insurance, training benefits, employees, SCORE Programs
Other helpful websites:
New York State Government: www.state.ny.us
New York State Department of Labor: www.labor.state.ny.us
Workforce Solutions: www.fmsworkforcesolutions.org
