Illinois Business Startup Guides
Starting a Business in Lisle, Illinois
Thinking about starting a business in Lisle, Illinois? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lisle.
Lisle, Illinois Demographic Information
Lisle has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lisle demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lisle.
Businesses
As a new Lisle entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lisle 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
Is Franchising a Better Option?
As you drive around Lisle, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
We highly recommend you consider franchising as an option. On our site, you can read many articles about franchising, such as How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Floor Coverings International and Moving Solutions Franchise. Alternatively, you can browse franchise categories, such as Senior Care Franchises and Child Entertainment Franchises.
Note on Lisle Franchise Opportunities: To find out if a franchise you are interested in is available in Lisle, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Lisle Business?
We've created a helpful website page for those who want to Buy a Business in Illinois. Follow that link and you can assess several good businesses for sale in Lisle.
If you are headed down the path of buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Lisle, Illinois
It's essential that you are forming a legal entity that operates independently from you. The main 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 Illinois, it doesn't mean you are required to incorporate in Illinois. 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 Pre-Incorporation Agreements. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Lisle, Illinois, our information on Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.
The Role of the Business Plan
A business plan is critical to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Business Presentations. You can also get free business counselors available to you through your local SCORE chapter in Illinois.
Bring in Revenues
Being able to sell is a key enabler to your business success. Whether you are focused on selling local customers in Lisle or are selling to customers throughout Illinois, the United States or even the world, you have to be able to sell.
So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.
Effective Sales Presentations 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.
Never Give Up
You have a dream -- starting a business in Lisle. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Lisle 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 Lisle, Illinois
Here are more links that we believe will help you be successful in starting a business in Lisle.
- Resources for Lisle, Illinois Entrepreneurs - Browse a variety of resources we've collected to assist Lisle entrepreneurs.
- Illinois Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Illinois.
- Illinois Small Business Development Center - Illinois Small Business Development Centers located throughout the state provide assistance to new and existing small businesses.
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