January 24, 2021  
 
  Entrepreneurial Resources - Advice for Virginia Entrepreneurs  
  Fincastle, Virginia Resources for Entrepreneurs  
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Opening a Business in Fincastle, Virginia

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

What Business to Start

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Open an Acupuncture and Acupressure Practice guide or our How to Start a Perforating Machinery Business guide.

Remember that Fincastle is the place where you are starting a business. Think about what needs are currently being underserved in Fincastle. Study Fincastle demographics and do a competitive analysis as part of your startup planning process.

Fincastle, Virginia Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 366
5-9 Employees 108
10-19 Employees 60
20-49 Employees 18
50-99 Employees 12
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Fincastle Businesses 564

As a new Fincastle entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fincastle 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
Business Associations 1
Civic and Social Organizations 2
Computer and Software Stores 1
Computer Systems Design Services 1
Direct Title Insurance Carriers 1
Engineering Services 2
Florists 1
Full-Service Restaurants 1
Furniture Merchant Wholesalers 1
General Automotive Repair 1
Historical Sites 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 1
Investigation Services 1
Janitorial Services 1
Land Subdivision 1
Landscaping Services 6
Limited-Service Restaurants 2
Mail-Order Houses 1
Motor Vehicle Towing 1
Museums 1
Nursing Care Facilities 2
Offices of Dentists 1
Offices of Lawyers 4
Pharmacies and Drug Stores 1
Residential Remodelers 1
Siding Contractors 1
Site Preparation Contractors 1
Sporting Goods Stores 1
Tile and Terrazzo Contractors 1
Used Car Dealers 1
Veterinary Services 1

Have You Considered Franchising?

As you drive around Fincastle, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?

We highly recommend you consider franchising as an option. This site has dozens of articles on franchising, such as Detecting 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 AmeriSpec Home Inspection Service and E.P.I.C. Systems. Alternatively, you can browse franchise categories, such as Blind Repair and Sales Franchises and Flooring Franchises.

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

Don't Skip the Business Plan

A business plan is vital to the health of your new business. 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.

To learn more about business plans, read Expert Advice on Business Plans. You can also get face-to-face free consulting available from your local SCORE chapter in Virginia.

Raising Money for Your New Venture

Raising money to fund your new Fincastle business will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Fincastle entrepreneurs who need startup capital, check out our List of Virginia Angel Investors and our List of Virginia Venture Capital Firms.

Promoting Your New Business

To grow your Fincastle business, you'll need to have a good marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Customer Loyalty Programs is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Now It's Up To You

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

From this point on, you control your own destiny.

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

More Entrepreneurial Resources for Starting a Business in Fincastle, Virginia

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

 

 

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