Wisconsin Business Startup Guides
Start a Business in Oconomowoc, Wisconsin
Are you starting a business in Oconomowoc, Wisconsin? This article discusses the most important things to consider when opening a business in Oconomowoc.
Oconomowoc, Wisconsin Demographic Information
Oconomowoc has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Oconomowoc demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Oconomowoc.
Businesses
As a new Oconomowoc entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Oconomowoc 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
Have You Considered Franchising?
As you drive around Oconomowoc, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Franchising Scams. Become a franchising expert of sorts by reading more of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Stone to Foam and Batteries Plus. Alternatively, you can browse franchise categories, such as Child Care Franchises and Cleaning and Maintenance Franchises.
Note on Oconomowoc Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Oconomowoc.
Forming a Company in Oconomowoc, Wisconsin
It's very important 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.
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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Wisconsin, you don't necessarily have to incorporate in Wisconsin. As it turns out, 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 Why Incorporate in Delaware. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Oconomowoc, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Raising Money for Your New Venture
Getting your Oconomowoc business the capital it needs to succeed 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.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled Business Line of Credit.
For Oconomowoc entrepreneurs who want to raise money for a new venture, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.
Marketing Your New Business
To grow your Oconomowoc business, you'll need to have a good marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Business Logo Design 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.
The Art of Selling
Mastering the art of selling is a must if you want your new Oconomowoc business to do well.
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.
Effective Sales Presentations is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Moving Forward
Most new Oconomowoc businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Oconomowoc 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 Oconomowoc, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Oconomowoc.
- Resources for Oconomowoc, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Oconomowoc entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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