Oregon Business Startup Guides
Start a Business in Hood River, Oregon
Are you starting a business in Hood River, Oregon? This article discusses the most important things to consider when opening a business in Hood River.
Hood River, Oregon Demographic Information
Hood River has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Hood River demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hood River.
Businesses
As a new Hood River entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hood River 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
Choosing a Business 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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
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 opening a business in Hood River, it's imperative that you check now that you will be the only Oregon company using the business name you have chosen.
Company Formation in Hood River, Oregon
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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. Just because you are starting a business in Oregon, you don't necessarily have to incorporate in Oregon. 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. To learn the basics of company formation, browse articles on our site, such as Offshore Company Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Hood River, Oregon, our information on Incorporating in Oregon may be a useful resource if you decide to incorporate in Oregon.
Do You Need a Business Plan?
A business plan is essential in maximizing the prospects of your new company. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Find Sample Business Plans Online. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Oregon.
Getting Money to Start a Business
Finding the funds to fuel the growth of your Hood River business will be harder than you might expect. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Hood River entrepreneurs who need startup capital, you'll want to take a look at our List of Oregon Angel Investors and our List of Oregon Venture Capital Firms.
Marketing Your New Business
To grow your Hood River business, you need a excellent marketing plan.
You can learn quite a bit about marketing on our site. Creating a Press Kit discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
How to Improve Your Entrepreneurial Abilities
Good business owners know that they don't know everything.
As an entrepreneur who lives in Hood River, Oregon, you will want to take advantage of the many programs available at nearby Oregon universities, colleges and community colleges. We also suggest you look into networking organizations for Hood River entrepreneurs.
Next Steps
Most new Hood River 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 Hood River and elsewhere to achieve real success. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Hood River, Oregon
Here are more links that we believe will help you be successful in starting a business in Hood River.
- Resources for Hood River, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Hood River entrepreneurs.
- Oregon Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oregon.
- Oregon Small Business Development Center - Oregon Small Business Development Centers use a client-centered approach to deliver counseling, training, information and technical assistance in all aspects of small business management. There is no fee for their assistance.
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