January 10, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Belvidere, Illinois Resources for Entrepreneurs  
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Start a Business in Belvidere, Illinois

Are you starting a business in Belvidere, Illinois? This article discusses the most important things to consider when opening a business in Belvidere.

Are You Sure You Want to Do This?

Running your own business is hard work, much harder than working as an employee. Are you positive you want to go into business for yourself?

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Grab a meal or cofee with other entrepreneurs in Belvidere. Ask them candidly what it's like to run a business.
  • Take a look at Business Failure. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Involve a spouse, family member or trusted friend in the decision. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Belvidere, Illinois Demographic Information

Belvidere has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Belvidere demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Belvidere.

Business Size# of
Businesses
1-4 Employees 3924
5-9 Employees 1452
10-19 Employees 912
20-49 Employees 660
50-99 Employees 252
100-249 Employees 120
250-499 Employees 12
500-999 Employees 24
1000+ Employees 12
All Belvidere Businesses 7368

As a new Belvidere entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Belvidere 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.

Business Type # of
Businesses
Architectural Services 2
Automobile Driving Schools 1
Automobile Manufacturing 2
Automotive Exhaust System Repair 1
Automotive Parts and Accessories Stores 6
Beauty Salons 6
Beer, Wine, and Liquor Stores 3
Book Publishers 1
Bowling Centers 2
Business Associations 2
Cable and Other Program Distribution 1
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Cemeteries and Crematories 2
Child Day Care Services 6
Civic and Social Organizations 4
Clothing Accessories Stores 1
Commercial Screen Printing 1
Computer Systems Design Services 1
Concrete Pipe Manufacturing 1
Confectionery Merchant Wholesalers 1
Construction Machinery Manufacturing 1
Consumer Lending 5
Convenience Stores 3
Convention and Visitors Bureaus 1
Credit Unions 1
Direct Title Insurance Carriers 1
Discount Department Stores 4
Document Preparation Services 1
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 1
Electrical Contractors 7
Electronic Shopping 1
Engineering Services 3
Environmental Consulting Services 1
Finish Carpentry Contractors 4
Fitness and Recreational Sports Centers 3
Flooring Contractors 1
Florists 3
Folding Paperboard Box Manufacturing 1
Food Service Contractors 2
Framing Contractors 7
Freight Transportation Arrangement 1
Full-Service Restaurants 16
Funeral Homes and Funeral Services 2
Furniture Stores 3
General Automotive Repair 11
General Freight Trucking, Local 12
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 2
Graphic Design Services 1
Hardware Merchant Wholesalers 1
Hardware Stores 2
Home Furnishing Merchant Wholesalers 1
Homes for the Elderly 2
Industrial Building Construction 1
Insurance Agencies and Brokerages 14
Internet Service Providers 1
Janitorial Services 9
Landscaping Services 9
Lessors of Other Real Estate Property 3
Limited-Service Restaurants 19
Limousine Service 1
Local Messengers and Local Delivery 1
Machine Shops 8
Manufactured (Mobile) Home Dealers 2
Masonry Contractors 2
Mobile Food Services 1
Motor Vehicle Towing 2
Museums 1
New Car Dealers 6
Newspaper Publishers 2
Nursing Care Facilities 2
Office Administrative Services 2
Office Supplies and Stationery Stores 1
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 4
Offices of Dentists 11
Offices of Lawyers 13
Offices of Optometrists 2
Offices of Real Estate Appraisers 1
Outdoor Power Equipment Stores 3
Packaging and Labeling Services 2
Packing and Crating 2
Painting and Wall Covering Contractors 6
Paper (except Newsprint) Mills 1
Passenger Car Rental 1
Periodical Publishers 1
Pet Care (except Veterinary) Services 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 2
Plate Work Manufacturing 1
Precision Turned Product Manufacturing 1
Private Mail Centers 1
Professional Organizations 1
Quick Printing 2
Ready-Mix Concrete Manufacturing 2
Real Estate Credit 1
Recreational Vehicle Dealers 1
Refrigerated Warehousing and Storage 1
Remediation Services 1
Residential Remodelers 10
Reupholstery and Furniture Repair 1
Roofing Contractors 3
Sales Financing 1
Savings Institutions 1
Securities Brokerage 1
Sheet Metal Work Manufacturing 1
Shoe Stores 2
Siding Contractors 1
Sign Manufacturing 1
Site Preparation Contractors 4
Snack and Nonalcoholic Beverage Bars 4
Solid Waste Landfill 1
Sound Recording Studios 1
Sporting Goods Stores 1
Spring (Light Gauge) Manufacturing 1
Tax Preparation Services 2
Temporary Help Services 3
Tire Dealers 1
Title Abstract and Settlement Offices 2
Tobacco Stores 2
Travel Agencies 1
Used Car Dealers 2
Veterinary Services 1
Video Tape and Disc Rental 2
Voluntary Health Organizations 1
Wholesale Trade Agents and Brokers 3
Wired Telecommunications Carriers 2
Women's Clothing Stores 1
Wood Container and Pallet Manufacturing 1

Have You Considered Buying an Existing Belvidere 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 Belvidere.

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

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.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

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 starting a business in Belvidere, it's critical that you ensure that no other Illinois company is using the business name you want to use.

Raising Money for Your New Venture

Getting your Belvidere business the capital it needs to succeed is a difficult chore. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Take advantage of our many articles on finding startup capital, such as 504 Loans.

For Belvidere entrepreneurs who need startup capital, check out our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

Marketing Your New Venture

To rise above the crowd in Belvidere and advance your business, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Making the Most of Trade Shows is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Advancing Your Entrepreneurial Skills

The best business owners recognize that they don't know everything.

As an entrepreneur who lives in Belvidere, Illinois, you will want to take advantage of the learning programs at local Illinois educational institutions. It's also beneficial to see if there are any networking groups or organizations in which Belvidere entrepreneurs get together to network and trade their business experiences.

Next Steps

As an entrepreneur in Belvidere, you won't be working for the boss anymore. You are the boss.

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 Belvidere 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 Belvidere, Illinois

Here are more links that we believe will help you be successful in starting a business in Belvidere.

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety