Washington Business Startup Guides
Starting a Business in East Wenatchee, Washington
Thinking about starting a business in East Wenatchee, Washington? This step-by-step guide walks you through the major decisions you should consider before opening a new business in East Wenatchee.
East Wenatchee, Washington Demographic Information
East Wenatchee has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for East Wenatchee demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in East Wenatchee.
As a new East Wenatchee entrepreneur, you may also be interested in the table below. It shows how many businesses there are in East Wenatchee 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 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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
As a final piece of advice, remember that because you are starting a business in East Wenatchee, it's critical that you ensure that your company name has not already been claimed by another Washington business.
Forming a Company in East Wenatchee, Washington
It's very important that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Washington, it doesn't mean you are required to incorporate in Washington. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Incorporation Advice. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in East Wenatchee, Washington, our web page covering Incorporating in Washington may be a useful resource if you decide to incorporate in Washington.
Don't Forget to Create a Business Plan
Writing a business plan is vital to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan will greatly reduce your chances of business success.
Raising Money for Your Venture
Raising money to fund your new East Wenatchee business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
The good news is this site contains dozens of articles on raising money, including one we recommend entitled Attracting Investors.
Bring in Revenues
Do you know how to sell? In order to attract customers to your new East Wenatchee business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
As an entrepreneur in East Wenatchee, 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.
We are here to help East Wenatchee 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 East Wenatchee, Washington
Here are more links that we believe will help you be successful in starting a business in East Wenatchee.
- Resources for East Wenatchee, Washington Entrepreneurs - Browse a variety of resources we've collected to assist East Wenatchee entrepreneurs.
- Washington Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Washington.
- Washington Small Business Development Center - Washington Small Business Development Centers promote economic vitality by providing advice, training and research to Washington entrepreneurs and existing Washington businesses.
Starting-a-Business Guides for Other Cities in Washington
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