SBA Touts Online Assessment Tools

Look before you leap with small business tools

The US Small Business Administration placed a pair of web applications online to help entrepreneurs assess their readiness for running a small enterprise.

Three months has passed since the SBA introduced a pair of online tools for people to determine if they were in a good position to start a small business. The agency claims usage by over 125,000 people since that time.

One tool looks at eligibility for for the SBA’s 8(a) Business Development Program. This assessment tool asks the viewer a series of questions pertaining to 8(a) readiness.

Firms eligible for 8(a) status also gain certification as small disadvantaged businesses (SDB). The SBA designation helps those firms gain certain benefits in regards to federal procurement.

A more general readiness assessment tool helps would-be entrepreneurs look at their preparation, and determine if they look ready to make the leap into the small business world. SBA said the tool helps evaluate one’s skills, characteristics, and experience as they relate to starting a business.

There is 1 Comment. Add Yours.
  1. Stefan Leung

     I forecast that assessment tools would become more popular in the coming years but the tool itself will never replace the human business valuations experts that conduct and provide the analysis and have dedicated most of their years in developing valuation methods to meet the current business needs. 

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