Oregon Business Startup Guides
Opening a Business in Lincoln City, Oregon
Contemplating starting a business in Lincoln City, Oregon? We walk you through the process of opening a business in Lincoln City.
Do You Have Entrepreneurial Drive and Passion?
Most new companies do not succeed, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
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 Lincoln City. Get their candid feedback on what it takes to start a successful business.
- 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Lincoln City, Oregon Demographic Information
Lincoln City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lincoln City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lincoln City.
Businesses
As a new Lincoln City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lincoln 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.
Businesses
Should You Franchise?
As you drive around Lincoln City, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Most business experts recommend that you consider franchising as an option. This site has dozens of articles on franchising, such as Franchisees Versus Licensees. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Rollerz and Industry Magazine. Alternatively, you can browse franchise categories, such as Dating Service Franchises and Mail and Shipping Services Franchises.
Note on Lincoln City Franchise Opportunities: To find out if a franchise you are interested in is available in Lincoln City, you will need to get in direct contact with the franchisor.
Naming the Business
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.
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: Naming a Business.
There's one other important factor when naming a business. Since you are planning on starting a business in Lincoln City, it's imperative that you check now that no Oregon company has already registered the company name you have selected.
Don't Forget to Create a Business Plan
A business plan is vital in maximizing the prospects of your new company. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.
To learn more about business plans, read Free Business Plan Templates. 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
Obtaining startup financing for your Lincoln City business is not an easy task. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Credit Evaluation.
For Lincoln City entrepreneurs who need startup capital, check out our List of Oregon Angel Investors and our List of Oregon Venture Capital Firms.
Letting the World Know You Exist
To rise above the crowd in Lincoln City and advance your business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Elevator Advertising discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Now It's Up To You
Most new Lincoln City 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 Lincoln City businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Lincoln City, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Lincoln City, Oregon
Here are more links that we believe will help you be successful in starting a business in Lincoln City.
- Resources for Lincoln City, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Lincoln City 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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