Small Business Resources
Demographic information about people in particular areas includes such characteristics as age, education, income, and gender. The prime source for demographic information is the U.S. Census. In addition, there are a number of other privately published demographic sources available in the Department.
Included in the pages below are some of the paper sources available in the Business and Sciences Department, as well as some WWW links that will be helpful to anyone seeking demographic information.
Specialized Small Business Resources
(These resources are available in PRINT in the Business & Science Department. Please ask for assistance at the Reference Desk.)
The Almanac of Business and Industrial Financial Ratios uses “the latest available IRS figures on U.S. and international companies, and tracks 50 operating and financial factors in 192 industries.” It provides “competitive norms in dollar amounts of revenue and provides other critical financial factors in percentage, including debt ratio, return on assets, return on equity, profit margin, and more.”
RMA Annual Statement Studies is a source of detailed industry financial data for comparing businesses to industry in valuation reports, company/industry ratio analyses and credit decisions.
The Small Business Sourcebook is “a guide to the information services and sources provided to many small businesses by associations, consultants, educational programs, franchisers, government agencies (federal, state, and local), reference works, statisticians, suppliers, trade shows, and venture capital firms.” When other sources fail to provide information on a specific business, the Small Business Sourcebook often has useful resources.
Dun & Bradstreet’s Regional Business Directory provides business listings for providers of business services; finance, insurance and real estate; transportation, communication, & public utilities; retail trade; wholesale trade; manufacturing; construction; and mining. Each business listed includes the company name, address, telephone, D-U-N-S number, primary line of business, SIC codes, number of employees by location and by company, annual sales volume, key officers, date established and/or ticker symbol if publicly traded. The directory is arranged in three volumes. The first volume organizes information geographically (alphabetically by city and, within each city, sorted by zip code). The second volume organizes the information by industry for easy cross-reference. Finally, the third volume organizes company names alphabetically for quick cross-reference.
(These resources are available in PRINT in the Business & Science Department and ONLINE. Please ask for assistance at the Reference Desk.)
The Census Bureau’s website (www.census.gov) provides a wealth of information for business people. It contains the official statistics of the U.S. Census Bureau, and a wide variety of demographics for Memphis, as well as for other areas of Tennessee and the rest of the country. This site can provide much help to any business owner, anyone doing market research, or anyone who is writing a business plan. By starting at American FactFinder (see the left column on the Census homepage), a street address can be entered to find Census 2000 data on the local level. To obtain basic demographic data, consult Summary File 1. Summary File 2 provides detailed data about racial groups in America and Summary File 3 provides social, economic and housing data accessible for all geographic levels.
In addition, the Census Business Builder (online only) offers a suite of services that provide selected demographic and economic data from the Census Bureau tailored to specific types of users in a simple to access and use format.
County Business Patterns (http://www.census.gov/econ/cbp/index.html) is useful for studying the economic activity of small areas such as counties (Shelby County, for example), metropolitan statistical areas (such as Memphis, TN-AR-MS MSA), by zip code(s) and/or by the United States. Find out the number of similar businesses in your area and their size. Also allows you to compare with other geographical areas. Use the data to analyze market potential, measure the effectiveness of sales and advertising programs, set sales quotas, and develop budgets.
The Economic Census, compiled every 5 years, is a great resource for detailed information about businesses by sector and location. Your business can use this resource to gauge competition, calculate market share, determine sales territories and quotas, and evaluate opportunities. For example, you can find the number of establishments, sales, annual payroll, and number of paid employees by zip code for your industry or business type.
(These resources below are available only ONLINE.)
The Memphis Area Chamber of Commerce website offers helpful economic and demographic information about the Metro area. From its home page, the Memphis Area Chamber of Commerce provides insight to living and working in Memphis. Additionally, the website offers insight into Memphis business that includes information on taxes, training, location selection, incentives and much more.
The Small Business Administration offers a variety of resources for market research and data collection. Free statistics are readily available to help prospective small business owners. Additionally, SBA’s Office of Advocacy includes State Profiles which gather the latest federal economic data into snapshots of small business economic activity.Print This Page