Home > Services > Initial Assessment for Start-up Businesses
In order to make your upcoming counseling session more effective, please answer all of the following questions, to the best of your ability. There are no right or wrong answers. Note: All information provided to the KSBDC is confidential.
How will owning and operating a business help you achieve your personal goals?
Describe your business idea in 25 words or less:
Have you determined if there is a market (customer need and base) for your idea? Yes No
List all products or services you plan to offer your customers:
List any items (equipment, inventory, building, land, etc.) you own that may be used in your business:
What legal form of business organization do you intend to utilize? Select One Sole Proprietorship Partnership Corporation SubChapter S Corporation Limited Liability Company Limited Liability Partnership Unknown
Why are you selecting this legal form of business organization?
When do you plan to open your business?
Describe any experience you or other members of your management team have in operating a business or the specific industry in which you will function:
Describe your credit history: Select One Excellent Good, past issues have been corrected Fair, I need to take care of some issues Poor Don't Know
Have you obtained and reviewed your credit report recently? Yes No
If no, please order one from one of the three national credit bureaus listed.
Have you had a bankruptcy in the past 5 yrs? Yes No If yes, why?
Have you been to or are any other organizations or resources currently assisting you? Yes No If yes, please list the other organizations or resources:
Will you need financing to start your business? Yes No If yes, please complete the Summary of Money needs form to the best of your ability and provide a copy of your credit report. Please note, most lenders will require you contribute approximately 25-30% cash.
