Monday, February 19 , 2018, 6:01 am | Fair 48º

Sports: A Noozhawk Partnership with The Lab and American Riviera Bank
The LabAmerican Riviera Bank

Is Business Ownership The Right Choice for You?

Before you start, make sure you do your homework.

“Should I start a business?”

That’s a difficult question, one only you can answer. To start and manage a successful small business, you must be chief executive, purchasing agent, personnel officer, bookkeeper, advertising manager and sales director. Sometimes, you even need to be the janitor as well.

Facing such a challenge may sound stimulating to some, but wanting to be an entrepreneur is a far cry from actually being one. Before taking the plunge, you should conduct an honest and thorough self-assessment of your experience, education and business background. Remember: your review must consider your weaknesses as well as strengths.

Basic business skills are important to the success of small business operations. Your background should include record keeping, money management, personnel management, market analysis, knowledge of the product or service, communication skills and taxes. Don’t worry if you are not adept at all these skills. Many schools offer courses in the aspects of operating a small business. Invest a few dollars and some time to attend a basic business class.


Santa Barbara SCORE meets every Wednesday, from 8:30-11:30 a.m., at 402 E. Gutierrez St., Santa Barbara. No appointment is necessary. For more information, call 805.563.0084, visit or register for counseling online at

In addition, the Santa Barbara SCORE Chapter publishes a great tool for aspiring entrepreneurs, How to Start a Business in Santa Barbara County.

Remember, too, that the decision to open a business requires months, perhaps even years of planning and preparation. A new business will require a considerable investment of your personal assets. You will also need to invest many, many hours in study, planning and learning if you are to minimize your risk of failure. Rushing into a venture in hopes of easy success almost ensures failure.

You should also consider counseling as just one more step in your plan to open your business. Business counseling is a source of confidential advice that will help you develop a business idea, business plan and a timetable for business start-up. This objective perspective has led many people to realize that the risk, start-up time and demands of business ownership don’t suit their lifestyles. This is valuable information to have before opening a business. A well-informed decision is the first step in successful entrepreneurship. If you have decided to pursue business ownership, begin assembling your resources.

You can plug into a wealth of business know-how by contacting your Santa Barbara chapter of SCORE “Counselors to America’s Small Business.” SCORE counselors offer free, confidential advice about every aspect of starting, running and growing a successful business, even mentoring.


  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click here to get started >

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made through PayPal below, or click here for information on recurring credit-card payments.

Thank you for your vital support.

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >