RESEARCH YOUR INDUSTRY

BANK OF AMERICA - SIMPLE STEPS FOR STARTING YOUR OWN BUSINESS
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Section 2 -
Use these tools to research your industry:

● The North American Industry Classification System (NAICS) is the standard system federal agencies use to classify businesses. Search it online .

● Trade associations also have valuable industry information. Search for associations online or consult the National Trade and Professional Associations (NTPA) Directory, on line 

● Risk Management Association (RMA) Annual Statement Studies, available at libraries or online  provides benchmark financial ratios for businesses in over 370 industries.