AMI’s interview series features conversations with local Arizona small business owners, offering insights into their entrepreneurial journeys as part of our ongoing effort to provide meaningful educational resources

This regularly-updated guide gives an overview of funding resources available to small business owners in Arizona. Arizona Microcredit Initiative Microloans Overview Arizona Microcredit Initiative (AMI) is a 501(c)(3) nonprofit that empowers underserved entrepreneurs to start or expand businesses through low-interest microloans that are tailored to fit your business needs. Qualifications Loan funds must be used to purchase revenue-generating assets Fulfill collateral Agree to

Setting the foundations for the purpose of your operations. Overview Business mission statements and vision statements are short descriptions of a business or organization that articulates the goals, objectives, and values of an organization; this is an important tool for making decisions and plans about a business. An organization can have one complete statement that describes its mission and values or two separate mission and vision statements. Business Mission Statement vs

An essential part of your business plan is being able to calculate your net income by identifying your business's revenue and expenses. These may include revenues, expenses, gains, losses, and net income. Revenues This is income generated from normal business activities over a period of time. This is typically calculated as the amount of goods/services sold multiplied by the price it was sold for. Expenses The costs associated with normal business activities that are subtract

Having a business idea is a great first step to eventually creating what may become a full-fledged business. But in order to get there, you must first take the steps to ensure you abide by all the legal concerns. In this blog post, we will teach you how to register a small business and we will go over the information and the concerns that are noteworthy in your decisions to set up your business. 1. Determine What Type of Business You Want to Register As Sole proprietor: A so

The Business Model Canvas is a simple, effective tool to create a plan for your business, no matter which stage you are in. It will help you describe, design, assess, and change your business model. By creating a simple one-page document covering your business's critical aspects, you can become more aware of your business’s current strengths and where its possible weaknesses can be addressed. In this post, we will go over how you can start building your business. Building You