Resources You Need For A Successful Business


Starting a business can be daunting, but many people open successful businesses each year. Those who do succeed typically spend significant time raising capital, doing market research and developing a realistic business plan before launching their new company. Of course, careful preparation isn't an absolute guarantee of success, but it can improve your chances enormously. Take stock of your resources and be prepared to meet the challenges you'll encounter.

Tip The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.

  • Financial Resources: Funding
    The most important element in starting a business is funding. Even the most basic home business incurs a multitude of startup costs, including registering a business name, obtaining a business telephone line and printing business cards. Financial resources can be obtained from a variety of sources, the easiest being from the personal accounts of the company’s founder. Alternatively, loans and lines of credit may be granted from financial institutions, friends and relatives, private investors and even the United States government. In addition, many grants are offered from private and public sources to entrepreneurs of all demographics and personal situations.
  • Human Resources: Employees
    The success of an organization is heavily reliant on the talent and strength of its employees. The hiring of experienced professionals with track records of excellence within their area of expertise ensures that the mission and goals of the company will be carried out efficiently and with competence. Strong team members can be recruited using a variety of methods. Staffing agencies and executive search firms specialize in placing talent of all levels within every industry. An alternative is to find employees through referrals from individuals whose judgment is trusted.
  • Educational Resources: Industry Know How
    Perhaps the greatest thing an entrepreneur can do when establishing a new business is to gain as much education possible. By understanding her competition and gaining an in-depth knowledge of her industry, she will be better prepared to make smarter decisions regarding the direction of her firm. Educational resources can be found through professional trade associations that are geared toward her industry, her local chamber of commerce as well as the Small Business Administration.
  • Physical Resources: Premises and Equipment
    Whether a small home business or a retail operation with multiple locations, every organization must have the appropriate physical resources to survive. This includes a proper work space, working telephone line, adequate information systems and effective marketing materials. This aspect of business planning can be one of the costliest. As such, it is important for an entrepreneur to realistically assess his needs before making any purchases.
  • Emotional Resources: Support Systems
    Starting a business can be an extremely stressful endeavor for an entrepreneur to undertake. To maintain her sanity as well as stay motivated, it is important she have a support team that can give her inspirations and guidance as needed. This team may be composed of friends and family as well as a mentor or professional group.
ZMChamber Business Resources Foodworks Alliance

Foodworks Alliance

We are a regional food hub and kitchen incubator located in Zanesville, Ohio, serving Muskingum and surrounding counties. Our mission is to support the development of meaningful, community-based business and employment opportunities in the areas of sustainable local food supply and preparation.

ZMChamber Business Resources Zane State Idea Lab

Zane State Idea Lab

If you’ve always had a passion for creation but never had access to the equipment you need, this is your chance. Start a new hobby or improve upon an old one. Create items you can sell (or keep for yourself). Turn your concept into a prototype and pitch it to a company, or start a company yourself. The possibilities are endless.

ZMChamber Business Resources Ohio SBDC

Small Business Development Center (SBDC)

Comprehensive business management and education services. Free, confidential, in-depth, one-on-one counseling and low- or no-cost training.
  • Strategic Planning
  • eCounseling
  • Technical Assistance
  • Quality-Based Assessments
  • Information about Federal, State and Local Programs
  • Loan Packaging Assistance
  • Cambridge, Ohio Regional Office

ZMChamber Business Resources Lights Regional Innovation

Lights Regional Innovation

LIGHTS provides expertise, training and resources to the region's workforce, entrepreneurs, companies and local communities. LIGHTS is for individuals, that live or work in the 28-county territory, with an interest in building a product and/or creating a business. LIGHTS partners with various regional gateways that give our team the ability to make your ideas happen.

ZMChamber Business Resources Tech Growth Ohio

TechGROWTH Ohio

Delivers intensive operational assistance through Executives in Residence who validate opportunities and prepare companies for investment. In addition, TechGROWTH provides small, competitive Growth Grants to qualifying companies to overcome targeted commercialization obstacles, pre-seed investments providing first-in funding for technology startups, and access to a regional network of angel investors for follow-on capital needs as well as access to venture capital markets to fund the scale up of production, sales and marketing.

ZMChamber Business Resources Ohio Supercomputer Center

Ohio Supercomputer Center

The Ohio Supercomputer Center empowers a wide array of groundbreaking innovation and economic development activities in the fields of bioscience, advanced materials, data exploitation and other areas of state focus by providing a powerful high performance computing, research and educational cyberinfrastructure for a diverse statewide/regional constituency.

ZMChamber Business Resources Ohio Secretary Of State

State of Ohio

The Ohio Secretary of State is an elected executive position in the Ohio state government. The secretary is the state's chief election officer and keeper of the state seal. They license businesses and corporations and keep records of all official gubernatorial actions.

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