New York SBDC Research Network

The Library of Congress Business Reference Services has Frequently Asked Business Questions dealing with these topics: 1. Can you tell me if my old stock certificate has any value? 2. What is the cost of living today compared with X years ago? 3. How can I get a sample business plan? 4. How can I get information on foreign exchange rates? 5. Where can I find the history of a company? 6. Where can I find standard industry ratios so I can compare the performance of company X to others in the industry? 7. What are NAICS and SIC codes? 8. Where can I find information on starting a small business? I'm particularly interested in government loans and grants. 9. I am planning to start a new company and want to be sure the name I choose will be unique and protected nationwide.

Back in early December 2007, I sent out an email to the advisor population of the New York State SBDC. It concerned how advisors used norms and ratios data when working with clients. Over 120 people were asked this question, and I received 37 responses. What I didn't do, obviously, was tell you about the answers. In short, the question was this: We at the library typically provide you with the last three calendar years of norms and ratios data. We have four distinct sources for this information, but "norms and ratios" has seemingly become synonymous with "RMA". Did you, however, actually need three years' worth, or was the most current year enough? Four were squarely on the fence, where one year or three years applied, depending on the circumstances. Of the remaining 33, there were 19 who said that one year was more than adequate, while the other 14 said that three years of data was still necessary. Back in the early 90s, in the infancy of our library,...