Georgia Business Startup Guides
Start a Business in Edison, Georgia
Are you starting a business in Edison, Georgia? This article discusses the most important things to consider when opening a business in Edison.
Do You Have What It Takes?
Before you get too far along in the process, 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 Edison. Get their candid feedback on what it takes to start a successful business.
- 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. 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.
Edison, Georgia Demographic Information
Edison has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Edison demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Edison.
As a new Edison entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Edison 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
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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
On a final note, given that you are planning on starting a business in Edison, it's very important that you make sure you will be the only Georgia company using the business name you have chosen.
Forming a Company in Edison, Georgia
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.
Incorporation 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 Georgia, you don't necessarily have to incorporate in Georgia. In fact, you are allowed to 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Edison, Georgia, our information on Incorporating in Georgia may be a useful resource if you decide to incorporate in Georgia.
Do You Need a Business Plan?
A business plan is vital in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
Learning More About Entrepreneurship
Successful entrepreneurs recognize that they don't know everything.
Given that you are starting a business in Edison, Georgia, you will want to take advantage of the many programs available at nearby Georgia universities, colleges and community colleges. We also suggest you look into networking groups or organizations in which Edison entrepreneurs get together to network and trade their business experiences.
Now It's Up To You
You have a dream -- starting a business in Edison. 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 Edison and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Edison 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 Edison, Georgia
Here are more links that we believe will help you be successful in starting a business in Edison.
- Resources for Edison, Georgia Entrepreneurs - Browse a variety of resources we've collected to assist Edison entrepreneurs.
- Georgia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Georgia.
- Georgia Small Business Development Center - The Georgia SBDC program helps Georgia entrepreneurs with developing business plans, providing financial analysis, identifying sources of capital, and assessing marketing strategies.
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