June 1, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Black Earth, Wisconsin Resources for Entrepreneurs  
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Opening a Business in Black Earth, Wisconsin

Contemplating starting a business in Black Earth, Wisconsin? We walk you through the process of opening a business in Black Earth.

Black Earth, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 143
5-9 Employees 27
10-19 Employees 27
20-49 Employees 18
50-99 Employees 3
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Black Earth Businesses 218

As a new Black Earth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Black Earth 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
Bowling Centers 1
Business Associations 1
Child Day Care Services 1
Computer and Software Stores 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 1
Finish Carpentry Contractors 2
Flooring Contractors 1
Framing Contractors 1
Full-Service Restaurants 3
Graphic Design Services 1
Janitorial Services 2
Landscaping Services 2
Masonry Contractors 1
Meat Markets 1
New Car Dealers 2
Newspaper Publishers 2
Offices of Dentists 1
Offices of Lawyers 1
Painting and Wall Covering Contractors 3
Periodical Publishers 1
Pet Care (except Veterinary) Services 1
Public Relations Agencies 1
Residential Property Managers 1
Residential Remodelers 3
Reupholstery and Furniture Repair 1
Shoe Stores 1
Sign Manufacturing 1
Steel Investment Foundries 1
Tire Dealers 1
Used Car Dealers 1
Wired Telecommunications Carriers 1

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

There's one other important factor when naming a business. Since you are planning on starting a business in Black Earth, it's imperative that you check now that no other Wisconsin company is using the business name you want to use.

Forming a Company in Black Earth, Wisconsin

It's very important that you are forming a legal entity that operates independently from you. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

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, it doesn't mean you are required to incorporate in Wisconsin. As it turns out, you are allowed to incorporate in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Black Earth, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Where to Get Money to Start a Company

Getting your Black Earth business the capital it needs to succeed requires strong organization skills and perseverance. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Take advantage of our many articles on raising capital, such as Only Idiots Send Venture Capitalists Business Plans.

For Black Earth entrepreneurs who need startup capital, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.

Marketing Your New Venture

To grow your Black Earth business, having an excellent marketing plan is fundamental to your business achieving its goals.

You can learn plenty about marketing on our site. Print Advertising Costs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Learning More About Entrepreneurship

Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.

With your business being located in Black Earth, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Black Earth entrepreneurs get together to network and trade their business experiences.

Moving Forward

Most new Black Earth businesses underestimate the number of challenges they will face.

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 Black Earth 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 Black Earth, Wisconsin

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

 

 

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