Wisconsin Business Startup Guides
Opening a Business in Denmark, Wisconsin
Contemplating starting a business in Denmark, Wisconsin? We walk you through the process of opening a business in Denmark.
Will You Be a Successful Entrepreneur?
Most startup businesses fail, in part because the founder did not have the tenacity and/or the skills to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
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:
- Talk to other entrepreneurs in Denmark. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Finding Your Niche in Life.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Kosher Catering Business guide or our Starting a Scientific Instruments & Supplies Dealers Business guide.
Remember that Denmark is the place where you are starting a business. Some businesses will do better in Denmark than others. Don't forget to review Denmark demographics to see if there's a market for what you want to sell.
Denmark, Wisconsin Demographic Information
Denmark has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Denmark demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Denmark.
Businesses
As a new Denmark entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Denmark 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.
Businesses
What About Buying an Existing Denmark Business?
An excellent way to get started in business is to Buy a Business in Wisconsin. Follow that link and you might discover several good businesses for sale in Denmark.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
Company Formation in Denmark, Wisconsin
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be 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. Just because you are starting a business in Wisconsin, you don't necessarily have to incorporate in Wisconsin. As it turns out, you can incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Denmark, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Raising Money for Your Business
Getting your Denmark business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on raising capital, such as 504 Loans.
For Denmark entrepreneurs on the hunt for startup funding, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.
Marketing Your New Business
To grow your Denmark business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Sponsoring Local Events discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
What's Next?
Most new Denmark businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Denmark and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Denmark, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Denmark, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Denmark.
- Resources for Denmark, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Denmark entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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