April 21, 2019  
 
  Entrepreneurial Resources - Advice for Iowa Entrepreneurs  
  La Porte City, Iowa Resources for Entrepreneurs  
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Start a Business in La Porte City, Iowa

Are you starting a business in La Porte City, Iowa? This article discusses the most important things to consider when opening a business in La Porte City.

Are You Sure You Want to Do This?

Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.

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 La Porte City. Ask them candidly what it's like to run a business.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

La Porte City, Iowa Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 186
5-9 Employees 60
10-19 Employees 12
20-49 Employees 12
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All La Porte City Businesses 270

As a new La Porte City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in La Porte City 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 1
Beauty Salons 1
Cemeteries and Crematories 1
Child Day Care Services 3
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Flight Training 1
Floor Covering Stores 1
Florists 1
Food Service Contractors 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Home Health Care Services 1
Industrial Pattern Manufacturing 1
Insurance Agencies and Brokerages 3
Landscaping Services 1
Limited-Service Restaurants 1
Meat Processed from Carcasses 1
Men's Clothing Stores 1
New Car Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 1
Offices of Dentists 1
Offices of Lawyers 1
Offices of Other Holding Companies 1
Photography Studios, Portrait 1
Residential Remodelers 2
Retail Bakeries 1
Roofing Contractors 1
Site Preparation Contractors 1
Tax Preparation Services 1
Veterinary Services 2
Wholesale Trade Agents and Brokers 3
Wired Telecommunications Carriers 1

Forming a Company in La Porte City, Iowa

It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.

When forming a company, you will choose from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating 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. If you are starting a business in Iowa, you don't necessarily have to incorporate in Iowa. In fact, you are allowed to 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 Subchapter S Corporations. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in La Porte City, Iowa, our web page covering Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.

Raising Money for Your New Venture

Raising money to fund your new La Porte City business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on securing funding, such as Getting a Small Business Loan.

For La Porte City entrepreneurs with great ambition but a shortage of investment capital, check out our List of Iowa Angel Investors and our List of Iowa Venture Capital Firms.

Marketing Your New Company

To grow your La Porte City business, having an excellent marketing plan is fundamental to your business achieving its goals.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Advertising on Google is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Bring in Revenues

Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in La Porte City or are selling to customers throughout Iowa, the United States or even the world, you have to be able to sell.

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.

Next Steps

You have a dream -- starting a business in La Porte City. To achieve your dream, you have to persevere, even when the odds are against you.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in La Porte City and throughout the United States . We want to be there for you to answer your business questions, whether you are a new La Porte City 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 La Porte City, Iowa

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

  • Resources for La Porte City, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist La Porte City 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