The Basics of Business

Welcome to The Performer's Guide Think Like a Business course! This course is designer for budding Enreprenuers to learn the basics of business planning from the ground up!

Included in this Course:

  • The Basics of Business
  • Entrepreneurial Mindset 
  • Business Structure Options 
  • Naming Your Business
  • Filing Your Business Paperwork 
  • Business Model Canvas 
  • Business Planning
  • Funding Your Business
  • Non Profit Organizations 
  • Managing Your Business 
  • Filing Business Taxes

Please watch this introductory video before you get started! If you have any questions during the course pleasw feel free to comment on the module! If you need more help, you may schedule a Q&A call with Krystin Railing.

If this is your first business, please watch these additional videos from the SBA about Young Entrepreneurs

In order to complete this peogram and receive a certification of completion, you must complete the following tasks.

What is a Small Business?

According to the Department of State "To be a small business, vendors must adhere to industry standards  established by the U.S. Small Business Administration (SBA) .

  • Is organized for profit
  • Has a place of business in the US
  • Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor
  • Is independently owned and operated and is not dominant in its field on a national basis

The SBA defines a small business either in terms of the

  • average number of employees over the past 12 months
  • average annual receipts over time

The business may be

  • a sole proprietorship
  • partnership
  • corporation
  • or any other legal form

In determining what constitutes a small business, the definition will vary to reflect industry differences – especially size standards.

Arts and Entertainment Size Standard:

This chart corresponds to the North American Industry Classification System (NAICS) and defines the size limit of the Arts and Entertainment Industry, which is $7 million.

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