April 26, 2019  
 
  Entrepreneurial Resources - Advice for Iowa Entrepreneurs  
  Humboldt, Iowa Resources for Entrepreneurs  
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Open a Business in Humboldt, Iowa

Need help starting a business in Humboldt, Iowa? We've got the information you need to open a business in Humboldt.

Are You Ready for the Challenges of Being an Entrepreneur?

An entrepreneurial life is hard work, and can be orders of magnitude more strenuous than working as an employee. Are you sure you have the stamina and skills to succeed on your own?

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 Humboldt. 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.

Humboldt, Iowa Demographic Information

Humboldt has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Humboldt demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Humboldt.

Business Size# of
Businesses
1-4 Employees 2961
5-9 Employees 861
10-19 Employees 651
20-49 Employees 441
50-99 Employees 147
100-249 Employees 147
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Humboldt Businesses 5208

As a new Humboldt entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Humboldt 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
Automotive Parts and Accessories Stores 2
Beauty Salons 1
Business Associations 4
Canvas and Related Product Mills 1
Child Day Care Services 4
Civic and Social Organizations 1
Claims Adjusting 1
Computer and Software Stores 2
Computer Systems Design Services 1
Concrete Pipe Manufacturing 1
Credit Unions 1
Drinking Places (Alcoholic Beverages) 1
Electric Power Distribution 3
Electrical Contractors 3
Emergency and Other Relief Services 1
Exterminating and Pest Control Services 1
Farm Management Services 1
Farm Supplies Merchant Wholesalers 2
Florists 1
Food Service Contractors 1
Framing Contractors 1
Full-Service Restaurants 7
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 4
General Freight Trucking, Local 3
General Medical and Surgical Hospitals 1
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 2
Hardware Merchant Wholesalers 1
Heating Oil Dealers 1
Home Health Care Services 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 9
Jewelry Stores 1
Landscaping Services 2
Limited-Service Restaurants 9
Machine Shops 3
Meat Processed from Carcasses 1
Men's Clothing Stores 1
Motor Home Manufacturing 1
Motorcycle Dealers 1
New Car Dealers 2
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 2
Office Administrative Services 1
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 1
Offices of Chiropractors 4
Offices of Dentists 2
Offices of Lawyers 3
Offices of Optometrists 1
Offices of Other Holding Companies 1
Offices of Real Estate Appraisers 1
Periodical Publishers 2
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Plastics Bottle Manufacturing 1
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Residential Remodelers 1
Savings Institutions 1
Securities Brokerage 3
Shoe Stores 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 2
Title Abstract and Settlement Offices 2
Travel Agencies 1
Truck Trailer Manufacturing 1
Used Car Dealers 1
Used Merchandise Stores 1
Veterinary Services 2
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Is a Franchise Opportunity Right For You?

As you drive around Humboldt, it's apparent that franchising has become a very popular way to start a business. Would going with a franchise be a good idea for you?

We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Credit and Franchise Purchasing. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Sample franchise opportunities include Reading Friends Franchise and Entrepreneur's Source. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.

Note on Humboldt Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Humboldt.

Is Buying an Existing Humboldt Business a Good Strategy?

An excellent way to get started in business is to Buy a Business in Iowa. Follow that link and you can assess several good businesses for sale in Humboldt.

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Picking a Business 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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.

On a final note, given that you are starting a business in Humboldt, it's critical that you ensure that no other Iowa company is using the business name you want to use.

Forming a Company in Humboldt, Iowa

It's very important that you choose the right legal structure for your new entity. The primary advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal 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. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Iowa, you don't necessarily have to incorporate in Iowa. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Humboldt, Iowa, our information on Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.

Never Give Up

As an entrepreneur in Humboldt, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Humboldt businesses to be successful. 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 Humboldt, Iowa

Here are more links that we believe will help you be successful in starting a business in Humboldt.

  • Resources for Humboldt, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist Humboldt 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!
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Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety