Georgia Business Startup Guides
Opening a Business in Sylvania, Georgia
Contemplating starting a business in Sylvania, Georgia? We walk you through the process of opening a business in Sylvania.
Are You Ready for the Challenges of Being an Entrepreneur?
Before quitting your day job, assess your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Sylvania. Listen closely to their experiences and see if you think you too can be successful.
- 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Sylvania, Georgia Demographic Information
Sylvania has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Sylvania demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Sylvania.
Businesses
As a new Sylvania entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sylvania 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 a Franchise Opportunity Right For You?
Visit the business district of Sylvania and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Would going with a franchise be a good idea for you?
Our advice is to consider franchising as an option. This site has dozens of articles on franchising, such as Franchise Due Diligence. 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 Prime Hotels and Resorts and Cheeburger Cheeburger Restaurants, Inc.. Alternatively, you can browse franchise categories, such as Business Services Franchises and Pet Franchises.
Note on Sylvania Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Sylvania.
Company Formation in Sylvania, Georgia
It's very important that you are forming a legal entity that operates independently from you. Doing so will insulate 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.
Incorporation is a very common way to legally create a business entity. 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. Just because you are starting a business in Georgia, you don't necessarily have to incorporate in Georgia. 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's a lot to know about 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 attorney. Finally, if you are starting a business in Sylvania, Georgia, our information on Incorporating in Georgia may be a useful resource if you decide to incorporate in Georgia.
Don't Skip the Business Plan
Having a business plan is essential to the health of your new business. Indeed, a business plan is a written description of the future you envision for your business. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Find Sample Business Plans Online. You can also get free counseling sessions provided by your local SCORE chapter in Georgia.
Where to Get Money to Start a Company
Finding the funds to fuel the growth of your Sylvania business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on finding startup capital, such as Business Credit Evaluation.
For Sylvania entrepreneurs who need startup capital, you'll want to take a look at our List of Georgia Angel Investors and our List of Georgia Venture Capital Firms.
Getting the Word Out About Your New Company
To grow your Sylvania business, you need a solid marketing plan.
There are myriad resources on this site to help you with your marketing plan. Customer Loyalty is a good read to get your marketing juices flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Never Give Up
You have a dream -- starting a business in Sylvania. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Sylvania businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Sylvania 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 Sylvania, Georgia
Here are more links that we believe will help you be successful in starting a business in Sylvania.
- Resources for Sylvania, Georgia Entrepreneurs - Browse a variety of resources we've collected to assist Sylvania entrepreneurs.
- Georgia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Georgia.
- Georgia Small Business Development Center - The Georgia SBDC program helps Georgia entrepreneurs with developing business plans, providing financial analysis, identifying sources of capital, and assessing marketing strategies.
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