April 26, 2019  
 
  Entrepreneurial Resources - Advice for Iowa Entrepreneurs  
  De Witt, Iowa Resources for Entrepreneurs  
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Start a Business in De Witt, Iowa

Are you starting a business in De Witt, Iowa? This article discusses the most important things to consider when opening a business in De Witt.

De Witt, Iowa Demographic Information

De Witt has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for De Witt demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in De Witt.

Business Size# of
Businesses
1-4 Employees 2262
5-9 Employees 630
10-19 Employees 702
20-49 Employees 432
50-99 Employees 72
100-249 Employees 108
250-499 Employees 18
500-999 Employees 0
1000+ Employees 0
All De Witt Businesses 4224

As a new De Witt entrepreneur, you may also be interested in the table below. It shows how many businesses there are in De Witt for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.

Business Type # of
Businesses
Animal (except Poultry) Slaughtering 1
Appliance Repair and Maintenance 1
Automotive Parts and Accessories Stores 3
Barber Shops 1
Beauty Salons 5
Bowling Centers 1
Business Associations 2
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Child Day Care Services 2
Coin-Operated Laundries and Drycleaners 1
Community Food Services 2
Computer and Software Stores 1
Computer Systems Design Services 1
Construction Sand and Gravel Mining 1
Credit Unions 1
Dental Laboratories 1
Document Preparation Services 1
Drinking Places (Alcoholic Beverages) 3
Electric Power Distribution 1
Electrical Contractors 3
Environmental Consulting Services 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Flat Glass Manufacturing 1
Floor Covering Stores 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 1
General Automotive Repair 3
General Freight Trucking, Local 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 1
Hardware Stores 1
Heating Oil Dealers 2
Home Health Care Services 3
Homes for the Elderly 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 8
Janitorial Services 2
Jewelry Stores 1
Landscape Architectural Services 1
Landscaping Services 2
Limited-Service Restaurants 4
Livestock Merchant Wholesalers 1
Logging 1
Machine Shops 3
Mail-Order Houses 1
Manifold Business Forms Printing 1
Masonry Contractors 2
Meat Markets 1
Men's Clothing Stores 1
Motor Vehicle Towing 1
Nail Salons 1
New Car Dealers 3
Newspaper Publishers 1
Nonresidential Property Managers 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 4
Offices of Dentists 2
Offices of Lawyers 2
Offices of Optometrists 2
Offices of Podiatrists 1
Optical Goods Stores 1
Painting and Wall Covering Contractors 1
Pharmacies and Drug Stores 2
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 1
Recreational Vehicle Dealers 1
Residential Remodelers 1
Securities Brokerage 1
Site Preparation Contractors 3
Snack and Nonalcoholic Beverage Bars 1
Sports and Recreation Instruction 1
Temporary Help Services 1
Tire and Tube Merchant Wholesalers 1
Used Car Dealers 3
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 2
Wood Container and Pallet Manufacturing 2

Have You Considered Buying an Existing De Witt Business?

If you have some capital to play with, you may want to Buy a Business in Iowa. Follow that link and you can review several good businesses for sale in De Witt.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Naming the Business

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

Numerous company naming issues are discussed in more detail in this article: Naming a Company.

As a final piece of advice, remember that because you are planning on starting a business in De Witt, it's very important that you make sure your company name has not already been claimed by another Iowa business.

Forming a Company in De Witt, Iowa

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will separate you from personal liability for business debts and obligations.

When forming a company, you will choose from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporation 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 Iowa, it doesn't mean you are required to incorporate in Iowa. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as LLC Advantages. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in De Witt, Iowa, our web page covering Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.

Don't Skip the Business Plan

Writing a business plan is essential in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan will greatly reduce your chances of business success.

Before you start writing a business plan, we suggest you skim Expert Advice on Business Plans. You can also get free business counselors available to you through your local SCORE chapter in Iowa.

Marketing Your New Company

Whether your goal is to attract De Witt customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your successs.

There are myriad resources on this site to help you with your marketing plan. National TV Spot Advertising Rates is a good read to get your marketing thoughts flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Now It's Up To You

You have a dream -- starting a business in De Witt. To achieve your dream, you have to persevere, even when the odds are against you.

If you choose the right business and love what you do, you will greatly increase your odds of success.

Our goal here is to promote the vitality and growth of small businesses in De Witt and throughout the United States . We want to be there for you to answer your business questions, whether you are a new De Witt entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in De Witt, Iowa

Here are more links that we believe will help you be successful in starting a business in De Witt.

  • Resources for De Witt, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist De Witt entrepreneurs.
  • Iowa Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Iowa.
  • Iowa Small Business Development Center - The Iowa SBDC conducts research, counsels, and trains business people in management, financing, and operating small businesses. They provide comprehensive information services and access to experts in a variety of fields. This is a great resource for Iowa entrepreneurs!
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Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety