Considering Starting a Business

Starting a business can be an exciting venture offering many rewards. However, you must be prepared and you must understand the basics. Entrepreneurship is, by its very nature and definition, risky. You can improve your chances of success with good planning and preparation.

Starting your own business is not something to rush into. Careful, advanced planning can ensure the success of your venture. You may have an idea of the type of business you want to start and how you would run your own business. But it is still a good practice to formulate a business plan to guide the execution of your idea. A well developed plan will assist you in obtaining financing, or the interest of potential business partners and suppliers.

Test Your Business Idea

Do you have a business idea? More importantly, will it work?

How many customers are there for your product/service?
How easy is it to find your customers?

This and many other questions need to be considered before starting your business. The free Entrepreneur Monkey mobile app can walk you through these steps.

Download the free Entrepreneur Monkey mobile app for your iPhone

Business Plan

A business plan defines your business in precise terms, identifies your specific goals, and serves as your firm’s resume. The basic components of a business plan include:

  • an introduction and overview of the business
  • the skills and experience of the business owner
  • details on the products or services offered
  • an analysis of the potential market for those products or services
  • specific information that sets the business apart from the competition
  • information on how the public will learn about the business
  • an income statement and cash flow analysis for the business
  • details on how the business will be managed on a day-to-day basis
  • a summary of why the business is likely to be successful

Start a Business Guide

The Dalton-Whitfield County Joint Development Authority has created a free guide to help entrepreneurs with starting a business in Dalton. Click here to download your free guide to starting a business.

Small businesses and entrepreneurs play a large role in the past and future success of Dalton. There are a variety of programs to directly assist small businesses, ranging from providing detailed information on local and regional services to help with start up questions and providing assistance with permitting issues. Information about these programs can be found on this website.

Funding & Loan Programs

Opening a new business will require capital to cover inventory, lease space, purchase marketing and other start-up expenses. Fortunately, there are many funding options for businesses both old and new. Consider contacting friends and family for investments or talk to your local bank. Loan programs exist through the Small Business Administration, Georgia State Small Business Credit Initiative, Northwest Georgia Regional Commission and many other non-profit organizations. Visit www.businessloanfunds.com/Georgia/whitfield to look over the various programs available for funding. Also, ask your banker if there are other programs available.

Local Resources

There are multiple non-profit organizations in the Greater Dalton area that can offer assistance to those launching a business. A list of these organizations can be found on the Resource Map page.

If you need personal assistance during any phase of your small business development, please contact the Dalton-Whitfield County Joint Development Authority at 706.278.7373.