January 26, 2021  
 
  Entrepreneurial Resources - Advice for Ohio Entrepreneurs  
  Bucyrus, Ohio Resources for Entrepreneurs  
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Starting a Business in Bucyrus, Ohio

Thinking about starting a business in Bucyrus, Ohio? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Bucyrus.

Is Becoming an Entrepreneur Right for You?

Before announcing to the world that you are going to start your own business, take inventory of your entrepreneurial instincts and capabilities.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Bucyrus. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Bucyrus, Ohio Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1168
5-9 Employees 624
10-19 Employees 240
20-49 Employees 234
50-99 Employees 60
100-249 Employees 66
250-499 Employees 24
500-999 Employees 6
1000+ Employees 0
All Bucyrus Businesses 2422

As a new Bucyrus entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Bucyrus 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
Animal (except Poultry) Slaughtering 1
Automotive Parts and Accessories Stores 4
Automotive Transmission Repair 1
Ball and Roller Bearing Manufacturing 1
Beauty Salons 5
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 2
Boat Building 2
Bowling Centers 1
Business Associations 1
Carpet and Upholstery Cleaning Services 2
Caterers 1
Cemeteries and Crematories 1
Child and Youth Services 1
Child Day Care Services 4
Civic and Social Organizations 7
Commercial Lithographic Printing 1
Construction Machinery Manufacturing 1
Consumer Lending 2
Convenience Stores 2
Convention and Visitors Bureaus 1
Diagnostic Imaging Centers 1
Drinking Places (Alcoholic Beverages) 3
Electrical Contractors 2
Emergency and Other Relief Services 1
Engineering Services 1
Family Clothing Stores 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 2
Floor Covering Stores 1
Florists 2
Food (Health) Supplement Stores 1
Food Service Contractors 3
Fossil Fuel Electric Power Generation 1
Framing Contractors 1
Fruit and Vegetable Canning 1
Full-Service Restaurants 9
Funeral Homes and Funeral Services 2
Furniture Stores 1
General Automotive Repair 4
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
General Rental Centers 1
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 3
Golf Courses and Country Clubs 2
Grantmaking Foundations 1
Hardware Stores 1
Hobby, Toy, and Game Stores 1
Homes for the Elderly 3
Household Appliance Stores 1
Ice Manufacturing 1
Industrial Building Construction 1
Industrial Pattern Manufacturing 1
Insurance Agencies and Brokerages 18
Internet Service Providers 1
Iron and Steel Forging 1
Janitorial Services 4
Jewelry (except Costume) Manufacturing 1
Jewelry Stores 2
Kidney Dialysis Centers 1
Landscaping Services 3
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 16
Machine Shops 2
Masonry Contractors 2
Meat Markets 1
Metal Tank (Heavy Gauge) Manufacturing 1
Miscellaneous Intermediation 1
New Car Dealers 3
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 2
Offices of Certified Public Accountants 3
Offices of Chiropractors 3
Offices of Dentists 7
Offices of Lawyers 10
Offices of Optometrists 2
Offices of Other Holding Companies 1
Offices of Podiatrists 1
Outdoor Power Equipment Stores 1
Packaging and Labeling Services 1
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 3
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 3
Quick Printing 1
Radio Stations 1
Residential Remodelers 7
Rooming and Boarding Houses 1
Savings Institutions 4
Securities Brokerage 2
Shoe Stores 2
Siding Contractors 1
Silverware and Hollowware Manufacturing 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 4
Solid Waste Collection 1
Solid Waste Landfill 1
Tax Preparation Services 1
Temporary Help Services 1
Tire Dealers 2
Tobacco Stores 1
Tour Operators 1
Travel Agencies 1
Used Car Dealers 1
Veterinary Services 2
Video Tape and Disc Rental 2
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 2
Wired Telecommunications Carriers 3
Women's Clothing Stores 2

Is Buying an Existing Bucyrus Business a Good Strategy?

We've created a helpful website page for those who want to Buy a Business in Ohio. Follow that link and you may find several good businesses for sale in Bucyrus.

If you are serious about buying a business, you may want to read this article: How to Buy a Business.

Naming the Business

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.

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.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

As a final piece of advice, remember that because you are opening a business in Bucyrus, it's very important that you make sure no other Ohio company is using the business name you want to use.

Forming a Company in Bucyrus, Ohio

It's very important 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.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Ohio, you don't necessarily have to incorporate in Ohio. In fact, you can 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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Bucyrus, Ohio, our information on Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.

Learning More About Entrepreneurship

Good entrepreneurs recognize that they don't know everything.

With your business being located in Bucyrus, Ohio, you will want to take advantage of the learning programs at local Ohio educational institutions. It's also smart to see if there are any Bucyrus networking organizations.

Moving Forward

You have a dream -- starting a business in Bucyrus. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Bucyrus and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Bucyrus, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Bucyrus, Ohio

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

 

 

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