Washington Business Startup Guides
Start a Business in Auburn, Washington
Are you starting a business in Auburn, Washington? This article discusses the most important things to consider when opening a business in Auburn.
Will You Be a Successful Entrepreneur?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Talk to other entrepreneurs in Auburn. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.
Auburn, Washington Demographic Information
Auburn has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Auburn demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Auburn.
Businesses
As a new Auburn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Auburn 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 Buying an Existing Auburn Business?
An excellent way to get started in business is to Buy a Business in Washington. Follow that link and you may find several good businesses for sale in Auburn.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Auburn, it's very important that you make sure your company name has not already been claimed by another Washington business.
Forming a Company in Auburn, Washington
It's essential 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.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Washington, you don't necessarily have to incorporate in Washington. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 ESOP Formation. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Auburn, Washington, our web page covering Incorporating in Washington may be a useful resource if you decide to incorporate in Washington.
Make Sure You Have a Business Plan
Having a business plan is critical in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read The Art of the Executive Summary. You can also get free counseling sessions provided by your local SCORE chapter in Washington.
Increase Your Entrepreneurial Knowledge
The best business owners recognize that they don't know everything.
As an entrepreneur who lives in Auburn, Washington, you should investigate some of the learning programs at local Washington educational institutions. You should also check if there are any Auburn networking organizations.
What's Next?
You have a dream -- starting a business in Auburn. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Auburn and elsewhere to achieve real success. 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 Auburn, Washington
Here are more links that we believe will help you be successful in starting a business in Auburn.
- Resources for Auburn, Washington Entrepreneurs - Browse a variety of resources we've collected to assist Auburn entrepreneurs.
- Washington Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Washington.
- Washington Small Business Development Center - Washington Small Business Development Centers promote economic vitality by providing advice, training and research to Washington entrepreneurs and existing Washington businesses.
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