Florida Business Startup Guides
Opening a Business in Englewood, Florida
Contemplating starting a business in Englewood, Florida? We walk you through the process of opening a business in Englewood.
Are You Sure You Want to Do This?
Most new companies fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Talk to other entrepreneurs in Englewood. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Englewood, Florida Demographic Information
Englewood has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Englewood demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Englewood.
Businesses
As a new Englewood entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Englewood 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
Is Franchising a Better Option?
Visit the business district of Englewood and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Franchise Versus Business Opportunity. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include New World Coffee and Conte's Bicycle & Fitness Equipment. Alternatively, you can browse franchise categories, such as Security Franchises and Coffee Shop Franchises.
Note on Englewood Franchise Opportunities: To find out if a franchise you are interested in is available in Englewood, you will need to get in direct contact with the franchisor.
Naming the Company
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 should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
As a final piece of advice, remember that because you are planning on starting a business in Englewood, it's imperative that you check now that your company name has not already been claimed by another Florida business.
Forming a Company in Englewood, Florida
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 corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Florida, it doesn't mean you are required to incorporate in Florida. In fact, you can incorporate in the state of your choosing. 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 Subchapter S Corporations. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Englewood, Florida, our web page covering Incorporating in Florida may be a useful resource if you decide to incorporate in Florida.
Startup Financing Basics
Raising money to fund your new Englewood business will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on finding startup capital, such as Business Line of Credit.
For Englewood entrepreneurs who need startup capital, we have assembled a List of Florida Angel Investors and our List of Florida Venture Capital Firms.
Bring in Revenues
Mastering the art of selling is essential if you want your new Englewood business to do well.
The key to selling is to set sales goals goals and monitor your progress towards those goals. Let us help you refine your selling techniques through our many useful sales advice tips.
How to Build and Motivate a Sales Team is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
Most new Englewood businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Englewood businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Englewood 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 Englewood, Florida
Here are more links that we believe will help you be successful in starting a business in Englewood.
- Resources for Englewood, Florida Entrepreneurs - Browse a variety of resources we've collected to assist Englewood entrepreneurs.
- Florida Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Florida.
- Florida Small Business Development Center - The Florida Small Business Development Center Network (FSBDCN) is a statewide economic development partnership between higher education and other stakeholder organizations dedicated to providing entrepreneurs and established businesses with the assistance needed to start, grow and succeed, contributing to the Florida economy.
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