Thinking about starting a business in Geneva, Alabama? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Geneva.
Are You Ready for Entrepreneurship?
Most new businesses don't make it, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Geneva. Listen closely to their experiences and see if you think you too can be successful.
- 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Geneva, Alabama Demographic Information
Geneva has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Geneva demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Geneva.
| Business Size | # of Businesses |
| 1-4 Employees |
4116 |
| 5-9 Employees |
1368 |
| 10-19 Employees |
828 |
| 20-49 Employees |
468 |
| 50-99 Employees |
144 |
| 100-249 Employees |
36 |
| 250-499 Employees |
36 |
| 500-999 Employees |
36 |
| 1000+ Employees |
0 |
| All Geneva Businesses |
7032 |
As a new Geneva entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Geneva 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 |
| Art Dealers |
1 |
| Automotive Parts and Accessories Stores |
2 |
| Beauty Salons |
2 |
| Beer, Wine, and Liquor Stores |
1 |
| Boat Dealers |
1 |
| Broadwoven Fabric Mills |
1 |
| Business Associations |
1 |
| Child Day Care Services |
2 |
| Commercial Lithographic Printing |
1 |
| Consumer Lending |
1 |
| Continuing Care Retirement Communities |
1 |
| Convenience Stores |
1 |
| Court Reporting and Stenotype Services |
1 |
| Credit Unions |
1 |
| Diagnostic Imaging Centers |
2 |
| Discount Department Stores |
1 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
1 |
| Family Clothing Stores |
2 |
| Finish Carpentry Contractors |
1 |
| Fitness and Recreational Sports Centers |
1 |
| Floor Covering Stores |
1 |
| Flooring Contractors |
1 |
| Florists |
1 |
| Food Service Contractors |
2 |
| Footwear Merchant Wholesalers |
1 |
| Full-Service Restaurants |
3 |
| Funeral Homes and Funeral Services |
2 |
| Furniture Merchant Wholesalers |
1 |
| Furniture Stores |
4 |
| General Automotive Repair |
1 |
| General Freight Trucking, Local |
6 |
| General Medical and Surgical Hospitals |
1 |
| Golf Courses and Country Clubs |
1 |
| Hardware Stores |
1 |
| Home Health Care Services |
2 |
| Homes for the Elderly |
1 |
| Institutional Furniture Manufacturing |
2 |
| Insurance Agencies and Brokerages |
4 |
| Jewelry Stores |
1 |
| Landscaping Services |
2 |
| Limited-Service Restaurants |
6 |
| Logging |
3 |
| Masonry Contractors |
2 |
| Mortgage and Nonmortgage Loan Brokers |
1 |
| Nail Salons |
1 |
| New Car Dealers |
2 |
| Newspaper Publishers |
1 |
| Offices of Certified Public Accountants |
4 |
| Offices of Chiropractors |
1 |
| Offices of Dentists |
2 |
| Offices of Lawyers |
10 |
| Offices of Optometrists |
2 |
| Outdoor Power Equipment Stores |
1 |
| Periodical Publishers |
1 |
| Pharmacies and Drug Stores |
3 |
| Photography Studios, Portrait |
1 |
| Ready-Mix Concrete Manufacturing |
1 |
| Residential Property Managers |
1 |
| Roofing Contractors |
1 |
| Sheet Metal Work Manufacturing |
1 |
| Tax Preparation Services |
1 |
| Tobacco Stores |
1 |
| Tour Operators |
1 |
| Used Car Dealers |
2 |
| Vending Machine Operators |
1 |
| Veterinary Services |
2 |
| Video Tape and Disc Rental |
1 |
Picking a Company Name
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
On a final note, given that you are planning on starting a business in Geneva, it's imperative that you check now that your company name has not already been claimed by another Alabama business.
Letting the World Know You Exist
To rise above the crowd in Geneva and build your business, having an excellent marketing plan is fundamental to your business achieving its goals.
We have some great resources on this site for entrepreneurs who are working on marketing plans. Marketing Research discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Mastering the art of selling is priority one if you want your new Geneva business to do well.
So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.
Cold Call Selling is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Advancing Your Entrepreneurial Skills
Good business owners recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Geneva, Alabama, you should get information on some of the many programs available at nearby Alabama universities, colleges and community colleges. You should also check if there are any Geneva networking organizations.
Never Give Up
Most new Geneva businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Geneva businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Geneva 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 Geneva, Alabama
Here are more links that we believe will help you be successful in starting a business in Geneva.
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