August 8, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Evansville, Wisconsin Resources for Entrepreneurs  
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Opening a Business in Evansville, Wisconsin

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

Do You Have What It Takes?

Most new companies do not succeed, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

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 Evansville. 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.

Evansville, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1980
5-9 Employees 684
10-19 Employees 252
20-49 Employees 144
50-99 Employees 54
100-249 Employees 36
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Evansville Businesses 3150

As a new Evansville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Evansville 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
Automotive Transmission Repair 1
Barber Shops 1
Beauty Salons 3
Business Associations 1
Child Day Care Services 6
Civic and Social Organizations 1
Coin-Operated Laundries and Drycleaners 1
Commercial Screen Printing 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 1
Electrical Contractors 3
Facilities Support Services 1
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 2
Fine Arts Schools 1
Finish Carpentry Contractors 4
Fitness and Recreational Sports Centers 1
Florists 2
Framing Contractors 2
Full-Service Restaurants 6
Funeral Homes and Funeral Services 1
General Automotive Repair 2
Golf Courses and Country Clubs 1
Hobby, Toy, and Game Stores 1
Homes for the Elderly 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 4
Janitorial Services 4
Land Subdivision 4
Landscaping Services 3
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 3
Limousine Service 1
Machine Shops 1
Masonry Contractors 1
New Car Dealers 2
New Housing Operative Builders 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 2
Offices of Lawyers 4
Offices of Optometrists 1
Offices of Real Estate Appraisers 1
Pet Care (except Veterinary) Services 1
Roofing Contractors 2
School and Employee Bus Transportation 2
Sheet Metal Work Manufacturing 1
Siding Contractors 3
Sports and Recreation Instruction 1
Used Household and Office Goods Moving 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wood Window and Door Manufacturing 1

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.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

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

As a final piece of advice, remember that because you are planning on starting a business in Evansville, it's imperative that you check now that you will be the only Wisconsin company using the business name you have chosen.

Forming a Company in Evansville, Wisconsin

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.

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

Incorporation 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, you don't necessarily have 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 Nevada Incorporation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Evansville, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Don't Forget to Create a Business Plan

Creating a business plan is vital to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan

If you want more information on writing business plans, we recommend reading Find Sample Business Plans Online. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Wisconsin.

Ramping Up Sales

Mastering the art of selling is priority one if you want your new Evansville business to do well.

Not knowing how to sell can result in lost customers and minimal market share. Let us help you refine your selling techniques through our many useful sales advice tips.

Selling with Questions offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Now It's Up To You

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

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

This site is all about helping entrepreneurs in Evansville and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Evansville 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 Evansville, Wisconsin

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

 

 

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