Illinois Business Startup Guides
Open a Business in Bartonville, Illinois
Need help starting a business in Bartonville, Illinois? We've got the information you need to open a business in Bartonville.
Are You Sure You Want to Do This?
Being an entrepreneur is difficult, much harder than working as an employee. Are you positive you want to start a business?
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Grab a meal or cofee with other entrepreneurs in Bartonville. Ask them candidly what it's like to run a business.
- Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Bartonville, it's critical that you ensure that no Illinois company has already registered the company name you have selected.
Forming a Company in Bartonville, Illinois
It's very important that you are forming a legal entity that operates independently from you. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Illinois, it doesn't mean you are required to incorporate in Illinois. In fact, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Dissolving a Corporation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Bartonville, Illinois, our web page covering Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.
Make Sure You Have a Business Plan
A business plan is vital to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Software. You should also take advantage of free business counselors available to you through your local SCORE chapter in Illinois.
Raising Capital for Your Venture
Obtaining startup financing for your Bartonville business is a difficult chore. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Only Idiots Send Venture Capitalists Business Plans.
For Bartonville entrepreneurs on the hunt for startup funding, check out our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.
The Art of Selling
Do you know how to sell? In order to attract customers to your new Bartonville business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.
Anticipating Prospect Responses is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Next Steps
As an entrepreneur in Bartonville, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Bartonville and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Bartonville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Bartonville, Illinois
Here are more links that we believe will help you be successful in starting a business in Bartonville.
- Resources for Bartonville, Illinois Entrepreneurs - Browse a variety of resources we've collected to assist Bartonville entrepreneurs.
- Illinois Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Illinois.
- Illinois Small Business Development Center - Illinois Small Business Development Centers located throughout the state provide assistance to new and existing small businesses.
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