Illinois Business Startup Guides
Start a Business in Bartlett, Illinois
Are you starting a business in Bartlett, Illinois? This article discusses the most important things to consider when opening a business in Bartlett.
Are You Sure You Want to Do This?
Most new businesses fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you open a 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.
- Speak with other entrepreneurs in Bartlett. Ask them candidly what it's like to run a business.
- You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
- Talk it over with a close friend or partner. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Bartlett, Illinois Demographic Information
Bartlett has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Bartlett demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Bartlett.
As a new Bartlett entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Bartlett 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.
What About Buying an Existing Bartlett Business?
An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Bartlett.
If you are intent on buying a business, you may want to read this article: How to Buy a Business.
Picking a Business Name
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 Business.
As a final piece of advice, remember that because you are opening a business in Bartlett, it's imperative that you check now that your company name has not already been claimed by another Illinois business.
Make Sure You Have a Business Plan
Having a business plan is vital 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. Failure to write 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. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Illinois.
Where to Get Money to Start a Company
Raising money to fund your new Bartlett business is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
Building Up Your Sales
Mastering the art of selling is essential if you want your new Bartlett business to do well.
The key to selling is to set sales goals goals and monitor your progress towards those goals. Let us help you refine your selling techniques through our many useful sales advice tips.
Most new Bartlett 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 Bartlett 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 Bartlett, Illinois
Here are more links that we believe will help you be successful in starting a business in Bartlett.
- Resources for Bartlett, Illinois Entrepreneurs - Browse a variety of resources we've collected to assist Bartlett 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.
Starting-a-Business Guides for Other Cities in Illinois
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