Wisconsin Business Startup Guides
Start a Business in Berlin, Wisconsin
Are you starting a business in Berlin, Wisconsin? This article discusses the most important things to consider when opening a business in Berlin.
Do You Have Entrepreneurial Drive and Passion?
Before quitting your day job, consider your entrepreneurial instincts and capabilities.
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:
- Speak with other entrepreneurs in Berlin. Get their candid feedback on what it takes to start a successful 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
What Type of Business Should You Start?
There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Finding Your Niche in Life.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Cemeteries Equipment & Supplies Business guide or our Starting a Metal Buildings Dealers Business guide.
Remember that your new startup will be located in Berlin. Some businesses will do better in Berlin than others. A critical consideration is whether Berlin demographics mesh well with your startup concept.
Berlin, Wisconsin Demographic Information
Berlin has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Berlin demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Berlin.
As a new Berlin entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Berlin 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.
Naming the Business
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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
As a final piece of advice, remember that because you are starting a business in Berlin, it's very important that you make sure no other Wisconsin company is using the business name you want to use.
Forming a Company in Berlin, Wisconsin
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will separate 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 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 Wisconsin, you don't necessarily have to incorporate in Wisconsin. As it turns out, you can incorporate in any state you would like to. 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. To learn the fundamentals of company formation, browse articles on our site, such as Subchapter S Corporations. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Berlin, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Don't Skip the Business Plan
Having a business plan is critical in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan makes you more prone to becoming a business failure statistic.
Startup Financing Basics
Getting your Berlin business the capital it needs to succeed requires strong organization skills and perseverance. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Borrowing Money from Friends and Family.
Now It's Up To You
You have a dream -- starting a business in Berlin. 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 Berlin and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Berlin 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 Berlin, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Berlin.
- Resources for Berlin, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Berlin entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
More Startup Articles for Wisconsin Cities
Share this article
Additional Resources for Entrepreneurs