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People with Disabilities can be successful Business Owners

By Mary Wilson
   Taking the plunge into business ownership takes a lot of dedication and research. If done correctly, owners can reap the fruits of their labor. People living with a disability are no exception. There are many resources to help you learn the ropes, develop a strategic plan and launch a successful business.
Develop a business plan
   The planning stages of starting a business are the most important. You may go through several ideas before settling on one, so write them out to see you processes and changes. Do some research into what type of businesses are in your area that might be competitors and learn from them. Building relationships and networking will provide you with valuable insight as you are taking steps to launch your new venture.
Look for funding
   Most entrepreneurs don’t use their own money, so you might want to consider investors or grants that will help a person living with a disability get a startup off the ground. You’ll also need to make sure you have some money set aside to get you through at least the first 12 months, unless you intend to keep a job on the side for income. Do some research to find more information about grants, and research online for grants specific to your state.
Setting up shop
    The beauty of starting your own business is that you can set your own hours and choose where you want to work from. It’s especially helpful if you have a service dog or are thinking about getting one. Even though these animals have the right to be in any public space, it can be tricky to put them on a rigorous work schedule at your side. Working from home eliminates those decisions and allows you to get the maximum benefit from a wonderful companion.
Get some help
    You may be tempted to do as much as you can yourself, but it’s a good idea to get a professional opinion when it comes to taxes and financial concerns. Depending on what state you live in, there may be special tax issues or breaks for a disabled entrepreneur, so check with an accountant to make sure all your bases are covered. You should also look into local LLC regulations and requirements; if this part seems daunting, you can hire companies that can get your paperwork filed allowing you to focus on other tasks.
Find out your benefits
    It’s essential to know your rights as someone with a disability, Find out what benefits you are entitled to as a small business owner and how your state can help you succeed.
    It takes a lot of work to start a business, so reach out for help when you need it. Garner support from friends and family who can assist with growing your company and provide moral support when you need it most.

LINC has three offices to serve you. www.lincidaho.org

1182 Eastland Drive North
Suite C
Twin Falls ID 83301
(208) 733-1712 VOICE
(208) 733-7711 TDD

1878 West Overland Road
Boise ID 83705
(208) 336-3335 VOICE
(208) 336-3335 TDD
(208) 384-5037 FAX

703 S. Kimball Ave
Caldwell ID 83605
(208) 454-5511 VOICE
(208) 454-5511 TDD
(208) 454-5515 FAX