June 3, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Elroy, Wisconsin Resources for Entrepreneurs  
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Starting a Business in Elroy, Wisconsin

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

Is Becoming a Business Owner Right for You?

Before you get too far along in the process, consider 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.

  • Reach out to other entrepreneurs in Elroy. Get their take on what it's really like to be an entrepreneur.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Elroy, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 216
5-9 Employees 30
10-19 Employees 42
20-49 Employees 36
50-99 Employees 24
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Elroy Businesses 348

As a new Elroy entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Elroy 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
Automotive Parts and Accessories Stores 1
Barber Shops 1
Child Day Care Services 2
Drinking Places (Alcoholic Beverages) 1
Full-Service Restaurants 2
Furniture Stores 1
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 1
Insurance Agencies and Brokerages 2
Jewelry Stores 1
Logging 1
Metal Heat Treating 2
Metal Tank (Heavy Gauge) Manufacturing 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 1
Offices of Lawyers 1
Pharmacies and Drug Stores 1
Savings Institutions 1
School and Employee Bus Transportation 1
Used Car Dealers 1
Vending Machine Operators 1
Wholesale Trade Agents and Brokers 1

What About Franchising Opportunities?

Examine a list of Elroy businesses and you'll notice that many local entrepreneurs have gone the franchising route. So, it probably makes sense for you to consider franchising too.

We advise the entrepreneurs we work with to evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Franchising Scams. Become a franchising expert of sorts by reading more of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Chester's International, LLC and JEI Learning Centers. Alternatively, you can browse franchise categories, such as Wine Franchises and Framing Store Franchises.

Note on Elroy Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Elroy.

Naming the Company

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.

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.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

On a final note, given that you are opening a business in Elroy, it's very important that you make sure you will be the only Wisconsin company using the business name you have chosen.

Raising Money for Your Business

Finding the funds to fuel the growth of your Elroy business is not an easy task. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on raising capital, such as How Much Venture Capital Is There?.

For Elroy entrepreneurs with great ambition but a shortage of investment capital, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.

Learning More About Entrepreneurship

Good entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Elroy, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. We also suggest you look into networking groups or organizations in which Elroy entrepreneurs get together to network and trade their business experiences.

Moving Forward

You have a dream -- starting a business in Elroy. 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.

We are here to help Elroy businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Elroy 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 Elroy, Wisconsin

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

 

 

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