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October Events at the Business Development Center - Schoolcraft College

The following October events are schedule at the Business Development Center at Schoolcraft College, a great resource for small business owners and entrepreneurs. For details regarding any of these programs, contact the BDC at 734-462-4438.
  • Small Business Loan Workshop — Tuesday, October 9, 2:00–4:00 PM, No Charge
  • Social Networking for Small Businesses, Tuesday, October 23, 6:00-9:00 PM, $45
  • Working for Yourself: The Ins & Outs of Becoming a Consultant, a Contractor, or other Service Provider, Wednesday, October 24, 9:30 AM–12:30 PM, $45

National Small Business Week Tip #2 - Good Records Are a Good Bet

Each year, the U.S. Small Business Administration recognizes the contributions of small businesses to the success of the economy. This week, National Small Business Week is May 23-29.

Today's tip is to keep good records for success. By keeping good records, small business owners can:
  • Monitor the progress of their business
  • Prepare their financial statements
  • Identify source of receipts
  • Keep track of deductible expenses
  • Prepare their tax returns
  • Support items reported on tax returns
For more information, see IRS Publication 583, Starting a Business and Keeping Records.