By BRUCE FREEMAN, Scripps Howard News Service

Dear Professor Bruce: I am about to start my own small business. There are so many things to know and do that I am considering a partner. What do you think?

Dear Professor Bruce: As a small business owner, I'm constantly concerned with following federal regulations. How do I guarantee that I'm meeting every requirement?

Answer: Small business faces regulatory compliance costs that are 45 percent more than their larger counterparts, according to research conducted by the Small Business Administration.

Dear Professor Bruce: I just developed a new product and I am concerned about people making knock-offs or copying my product. How do I get a patent or trademark for my brand/product? How much does it cost?

Dear Professor Bruce:

I'm about to be a first-time small business owner, and am wondering how to go about getting a good deal on a lease for office space. How can I make sure I don't get too much space or overspend?

Answer:

Dear Professor Bruce: I'm a small business owner and am finding it difficult to get a bank loan. I've heard of something called factoring. What is it and when is it time to consider alternatives to traditional bank loans?

Dear Professor Bruce: I'm a small business owner and have a great opportunity to work on a project with a large technology leader. They want a confidentiality agreement; but, I hate contracts and am afraid that if I try to negotiate I'll lose the deal. What should I do?

Dear Professor Bruce:

As a small business owner trying to find ways to "save" during this recession, I am interested in tools that will help me stay organized. Do you have any free products or services available that will help me run my business?

Dear Professor Bruce:

Q: I am a small business owner in a service business. I feel that when I am dealing with my clients and my vendors I am at a disadvantage because I have never had any formal training in how to negotiate. Can you give me a few tips that will help me become a better negotiator?

Dear Professor Bruce:

Q: I have a small public relations firm and I am trying to get increased exposure for my clients. I have been successful in getting them local press, but need to push for national exposure. Any suggestions?

Dear Professor Bruce: I am about to open my own small computer repair and consulting business. I could use some advice to set the business up the right way, but I have limited resources. Do I need an attorney right away? What steps should I take before I hire one?

Answer: