Step $1$: Research Local Small Businesses Objective: Identify potential small businesses in your community that could benefit from managerial accounting consultation. Action Plan: Use Local Resources: Explore local business directories, community boards, or social media to find potential businesses. Prioritize businesses that are accessible and open to collaboration. Selection Criteria: Focus on businesses that have unique products or services but face operational or financial challenges, such as local bakeries, independent retail stores, or service providers like salons and auto repair shops. Recommendation: Choose a business that aligns with your interests and offers clear opportunities to apply managerial accounting principles, such as cost management or budgeting improvement