SBA's Online Business Assessment Usage Tops 125,000

WASHINGTON -- More than 125,000 entrepreneurs interested in starting or expanding a business have used the Small Business Administration's newest online assessment resources.

The Small Business Readiness assessment tool helps prospective entrepreneurs determine their level of preparedness for venturing into a new business through a series of automated questions. It helps them evaluate their skills, characteristics, and experience as they relate to starting a business.

Based on their scores, entrepreneurs are directed to the SBA training resources that support the identified needs to improve business preparedness. The Small Business Readiness assessment tool

is available on the SBA's Web site at http://www.sba.gov/assessmenttool/index.html, or by clicking the "Assessment Tool" icon under the spotlight heading on the SBA home page.

The SBA is helping hundreds of prospective entrepreneurs each day through two online assessment tools, the "Small Business Readiness" and the 8(a) Business Development assessment tools. In just over three months, more than 125,000 budding entrepreneurs have benefited from the latest Web applications, the agency reported.

"These new tools represent a changing SBA, where more Web applications are being used to better serve our small business customers so they can have information when they need and wherever they are doing business," said SBA Associate Administrator Anoop Prakash.

The new Web-based tools take about 10 minutes to complete, according to SBA.

--msamaad@cutimes.com

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