Thinking about starting a business in Glidden, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Glidden.
Do You Have What It Takes?
Most new businesses fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, 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 Glidden. 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.
What Business to Start
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading 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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.
Remember that Glidden is the place where you are starting a business. Some businesses will do better in Glidden than others. Study Glidden demographics and do a competitive analysis as part of your startup planning process.
Glidden, Wisconsin Demographic Information
Glidden has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Glidden demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Glidden.
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|All Glidden Businesses
As a new Glidden entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Glidden 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.
Drinking Places (Alcoholic Beverages)
Vocational Rehabilitation Services
Have You Considered Franchising?
Visit the business district of Glidden and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Buying an Existing Franchise. 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.
Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.
Note on Glidden Franchise Opportunities: To find out if a franchise you are interested in is available in Glidden, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Glidden Business?
An excellent way to get started in business is to Buy a Business in Wisconsin. Follow that link and you may find several good businesses for sale in Glidden.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Picking a Business Name
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 need to be easy to spell, easy to pronounce, and easy to remember.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
On a final note, given that you are starting a business in Glidden, it's imperative that you check now that your company name has not already been claimed by another Wisconsin business.
Forming a Company in Glidden, Wisconsin
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your 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 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, 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 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 should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Glidden, Wisconsin, our web page covering Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Do You Need a Business Plan?
Having a business plan is vital 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. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Plan Mistakes. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Wisconsin.
Raising Money for Your New Venture
Raising money to fund your new Glidden 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.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Glidden entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.
Letting the World Know You Exist
Whether your goal is to attract Glidden customers or you plan on selling elsewhere, you need a excellent marketing plan.
There are myriad resources on this site to help you with your marketing plan. Advertising on Google discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Mastering the art of selling is a must if you want your new Glidden business to do well.
Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.
Selling on the Phone 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.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Glidden, Wisconsin, you should investigate some of the learning programs at local Wisconsin educational institutions. You should also check if there are any Glidden networking organizations.
Now It's Up To You
Most new Glidden businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Glidden businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Glidden, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Glidden, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Glidden.