Are you starting a business in Graettinger, Iowa? This article discusses the most important things to consider when opening a business in Graettinger.
Is Becoming an Entrepreneur Right for You?
Being an entrepreneur is hard work, much more challenging than working as an employee. Are you positive you are ready to take on this challenge?
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 Graettinger. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Graettinger, Iowa Demographic Information
Graettinger has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Graettinger demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Graettinger.
|Business Size||# of|
|All Graettinger Businesses
As a new Graettinger entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Graettinger 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.
Child Day Care Services
Drywall and Insulation Contractors
Finish Carpentry Contractors
Funeral Homes and Funeral Services
Insurance Agencies and Brokerages
Offices of Chiropractors
Wired Telecommunications Carriers
Choosing a Company Name
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
There's one other important factor when naming a business. Since you are planning on starting a business in Graettinger, it's critical that you ensure that no other Iowa company is using the business name you want to use.
Company Formation in Graettinger, Iowa
It's very important that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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. Just because you are starting a business in Iowa, you don't necessarily have to incorporate in Iowa. In fact, you are allowed to 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Graettinger, Iowa, our information on Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.
The Role of the Business Plan
Having a business plan is vital in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan makes you more prone to becoming a business failure statistic.
If writing a business plan is on your to-do list, be sure to read Business Presentations. You should also take advantage of free business counselors available to you through your local SCORE chapter in Iowa.
How to Sell
Do you know how to sell? In order to attract customers to your new Graettinger business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
The Art of Customer Referrals 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.
As an entrepreneur in Graettinger, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Graettinger and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Graettinger 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 Graettinger, Iowa
Here are more links that we believe will help you be successful in starting a business in Graettinger.
- Resources for Graettinger, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist Graettinger 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!