Wisconsin Business Startup Guides
Opening a Business in Florence, Wisconsin
Contemplating starting a business in Florence, Wisconsin? We walk you through the process of opening a business in Florence.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Business Ideas That Don't Make Sense.
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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.
Always keep in mind that your new business will be in Florence. If Florence already has plenty of the kind of business you want to start, you might want to change your plans. Study Florence demographics and do a competitive analysis as part of your startup planning process.
Florence, Wisconsin Demographic Information
Florence has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Florence demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Florence.
As a new Florence entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Florence 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.
Is Franchising a Better Option?
As you drive around Florence, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Is there a franchise opportunity out there that makes sense for you?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchising My Business. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Note on Florence Franchise Opportunities: To find out if a franchise you are interested in is available in Florence, you will need to get in direct contact with the franchisor.
Selecting a Name For Your Business
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
As a final piece of advice, remember that because you are starting a business in Florence, it's very important that you make sure no Wisconsin company has already registered the company name you have selected.
Company Formation in Florence, Wisconsin
It's essential that you form your business as a legal structure. 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 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. Just because you are starting a business in Wisconsin, it doesn't mean you are required to incorporate in Wisconsin. In fact, you can 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's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Dissolving a Corporation. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Florence, Wisconsin, our web page covering Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Improving Your Entrepreneurial Skillset
The best entrepreneurs know that what they know now may not be enough to ensure their future success.
With your business being located in Florence, Wisconsin, you should investigate some of the learning programs at local Wisconsin educational institutions. Another way to keep up on your learning is to investigate networking groups or organizations in which Florence entrepreneurs get together to network and trade their business experiences.
You have a dream -- starting a business in Florence. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Florence businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Florence, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Florence, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Florence.
- Resources for Florence, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Florence entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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