So you want to start a business but don’t know where to start – don’t worry, we’re here to help! In our evolving economy many people have decided to create a business to continue to do the work that they love. No matter what the motivation is to be your own boss, you can start today.
Entrepreneurial ventures and small businesses have thrived in Austin, which has a number of angel investment groups that focus on startup businesses. Here are some helpful tips and resources that will help you start and grow your business in Austin.
BizAid Business Orientation – This orientation is a great no-cost opportunity to meet with business professionals who can provide you with basic information and guidance. Orientation provides the following services:
- Business Plan Review & Development Assistance
- Marketing Plan Review & Development Assistance
- Financial Readiness Assessment
- Business Management Technical Assistance
In Austin, you would file your paperwork for your Assumed Name, Doing Business As (DBA) at the Travis County Clerk’s Office. A DBA ensures the business name you plan to use is not being used by someone else in Travis County. The Assumed Name is good for 10 years unless changes are made.
MBE/WBE Certification – The City of Austin’s Small & Minority Business Resources Department’s Certification Division is responsible for the initial and annual review of all certification applications. All certifications offered by the City of Austin are FREE. Contact 512-974-7645 for more information or visit www.austintexas.gov/department/certification.
Historically Underutilized Business (HUB) Program – HUB Certification is contingent on MBE/WBE approval if proof of citizenship or naturalization and a Federal Tax Identification number are provided. Apply for HUB Certification
Financial Options for Your Business
Peoplefund – A proud supporter of GABC, Peoplefund creates economic opportunity and financial stability for underserved people by providing access to capital, education and resources to build healthy small businesses. Visit Peoplefund TODAY!
Family Business Loan Program – The Family Business Loan Program is a public-private partnership between the City of Austin, HUD, and participating private lenders to offer low-interest loans to qualified small businesses that are expanding and creating jobs. View the Family Business Loan Program Information Sheet.
Crowdfunding – Crowdfunding is the practice of funding a project or business by raising money from a large number of people, usually through the internet. Sites such as GoFundMe, Kickstarter and Indiegogo make it easy for you to create an opportunity for the masses to donate to your new business venture.