Oregon Business Startup Guides
Start a Business in Pacific City, Oregon
Are you starting a business in Pacific City, Oregon? This article discusses the most important things to consider when opening a business in Pacific City.
Are You Sure You Want to Do This?
Most new ventures fail, in part because the founder did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
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 Pacific City. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Pacific City, Oregon Demographic Information
Pacific City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Pacific City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Pacific City.
Businesses
As a new Pacific City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Pacific 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
Have You Considered Franchising?
Browse the Yellow Pages for Pacific City and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Franchising and Veterans. 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 The Mail Box Stores and Benetrends 401K IRA Rollover Plans. Alternatively, you can browse franchise categories, such as Retail Franchises and Frozen Yogurt Franchises.
Note on Pacific City Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Pacific City.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are opening a business in Pacific City, it's imperative that you check now that you will be the only Oregon company using the business name you have chosen.
Forming a Company in Pacific City, Oregon
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
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 Oregon, you don't necessarily have to incorporate in Oregon. In fact, you can incorporate wherever you want. 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 Offshore Company Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Pacific City, Oregon, our information on Incorporating in Oregon may be a useful resource if you decide to incorporate in Oregon.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Pacific City, Oregon, you will want to take advantage of the many programs available at nearby Oregon universities, colleges and community colleges. We also recommend you look into Pacific City networking organizations.
Next Steps
Most new Pacific City businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Pacific City 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 Pacific City, Oregon
Here are more links that we believe will help you be successful in starting a business in Pacific City.
- Resources for Pacific City, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Pacific 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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