Big Sky Economic Development
When starting a business, not many entrepreneurs think to ask themselves questions such as: How good am I at making decisions? Am I prepared if necessary to temporarily lower my standard of living until my business is firmly established? Or how will my business affect my family?
Big Sky Economic Development recently released, for the first time, a New Business Startup Kit – a 28-page resource guide - complete with everything a business needs to get started in Yellowstone County. The new guide asks entrepreneurs business questions and provides a directory of resources needed to get their business established before actually putting ideas into action.
The New Business Startup Kit includes the “The New Business Checklist,” which provides entrepreneurs with a balance of questions that help guide what the business will be, its structure and how it will be funded. Then the kit walks through starting a formal business plan encouraging future business owners to complete a feasibility strategy, determine cash needs, research demographic information, legal aspects, zoning and employer tax responsibilities. The guide goes so far as sharing how to connect to utilities and includes a complete glossary of terms.
“We always encourage entrepreneurs to reach out to resources such as the Small Business Development Center when thinking about launching a business,” said Rebecca Hedegaard, the director of the SBDC housed at Big Sky Economic Development, “but the New Business Startup Kit provides some really great on-the-ground information all in one document.”
Steve Arveschoug, BSED’s executive director, says small business growth is part of Big Sky Economic Development’s core mission and the organization saw a real need for this guide.
“Entrepreneurship and small business development are vital to the success of a strong growing economy in Yellowstone County,” Arveschoug said, “It can be daunting starting up a new business as entrepreneurs search for all kinds of information. We hope this startup kit is just one more tool in our organization’s arsenal to encourage and support business startups.”
The New Business Startup Kit was completely underwritten through advertising in the guide. The new resource can be found at Big Sky Economic Development at 222 N. 32nd St. (second Floor) in Billings or at City Hall, the Downtown Billings Association or Billings Job Service.