Thinking about starting a business in Fort McPherson, Georgia? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Fort McPherson.
Are You Ready for the Challenges of Being an Entrepreneur?
Being an entrepreneur is demanding, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Reach out to other entrepreneurs in Fort McPherson. Listen closely to their experiences and see if you think you too can be successful.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- Get feedback from somebody whom you trust. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Choosing the Right Company to Start
An important decision is what kind of business you want to start. We recommend that you 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.
Don't forget that starting a business in Fort McPherson has some implications. The business you want to start may already be well-represented in Fort McPherson. Study Fort McPherson demographics and do a competitive analysis as part of your startup planning process.
What About Franchising Opportunities?
As you drive around Fort McPherson, it's apparent that franchising has become a very popular way to start a business. So, it probably makes sense for you to consider franchising too.
Our recommendation is that you consider franchising as an option. On our site, you can read many articles about franchising, such as Franchising and Veterans. 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.
Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.
Note on Fort McPherson Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Fort McPherson.
Have You Considered Buying an Existing Fort McPherson Business?
An excellent way to get started in business is to Buy a Business in Georgia. Follow that link and you may find several good businesses for sale in Fort McPherson.
Before buying a business, be sure to read this article: How to Buy a Business.
Naming the 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.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
On a final note, given that you are opening a business in Fort McPherson, it's critical that you ensure that no other Georgia company is using the business name you want to use.
Forming a Company in Fort McPherson, Georgia
It's essential that you choose the right legal structure for your new entity. Doing so will separate 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 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 can incorporate wherever you want. 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 Subchapter S Corporations. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Fort McPherson, 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 critical in laying a solid foundation for your business success. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Georgia.
Raising Capital for Your Venture
Getting your Fort McPherson business the capital it needs to succeed is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Fort McPherson entrepreneurs with great ambition but a shortage of investment capital, browse our List of Georgia Angel Investors and our List of Georgia Venture Capital Firms.
Marketing Your New Venture
To grow your Fort McPherson business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Toll Free Numbers is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
Ramping Up Sales
Do you know how to sell? In order to attract customers to your new Fort McPherson business, you need to focus on sales.
Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.
Tips on Customer Referrals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Improving Your Entrepreneurial Skillset
Good business owners recognize that they need to continually improve.
With your business being located in Fort McPherson, Georgia, you will want to take advantage of the many programs available at nearby Georgia universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Fort McPherson entrepreneurs.
Never Give Up
As an entrepreneur in Fort McPherson, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Fort McPherson businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Fort McPherson, Georgia
Here are more links that we believe will help you be successful in starting a business in Fort McPherson.