January 16, 2021  
 
  Entrepreneurial Resources - Advice for Virginia Entrepreneurs  
  Goochland, Virginia Resources for Entrepreneurs  
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Starting a Business in Goochland, Virginia

Thinking about starting a business in Goochland, Virginia? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Goochland.

Will You Be a Successful Entrepreneur?

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

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Goochland. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. Others sometimes know you better than you know yourself.

Choosing the Right Company to Start

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Finding Your Niche in Life.

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 startup will be located in Goochland. The business you want to start may already be well-represented in Goochland. Only by spending some time analyzing Goochland demographics can you decide if there will be strong demand for your business idea.

As a new Goochland entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Goochland 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 Glass Replacement Shops 1
Automotive Parts and Accessories Stores 2
Beauty Salons 2
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Business Associations 1
Car Washes 1
Child and Youth Services 1
Child Day Care Services 2
Convenience Stores 2
Custom Computer Programming Services 1
Direct Title Insurance Carriers 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 4
Engineering Services 1
Facilities Support Services 1
Fine Arts Schools 1
Fitness and Recreational Sports Centers 1
Flooring Contractors 1
Food Service Contractors 1
Framing Contractors 1
Freight Transportation Arrangement 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
Grantmaking Foundations 1
Historical Sites 1
Home Health Care Services 1
Insurance Agencies and Brokerages 2
Investigation Services 1
Janitorial Services 2
Landscaping Services 8
Limited-Service Restaurants 1
Masonry Contractors 2
New Car Dealers 1
New Housing Operative Builders 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 1
Offices of Dentists 2
Offices of Lawyers 4
One-Hour Photofinishing 1
Painting and Wall Covering Contractors 3
Payroll Services 1
Pharmacies and Drug Stores 2
Residential Remodelers 4
Site Preparation Contractors 2
Video Tape and Disc Rental 1
Vocational Rehabilitation Services 1
Wired Telecommunications Carriers 1

What About Franchising Opportunities?

Examine a list of Goochland businesses and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchise Due Diligence. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing 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 Goochland Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Goochland.

What About Buying an Existing Goochland Business?

We've created a helpful website page for those who want to Buy a Business in Virginia. Follow that link and you may find several good businesses for sale in Goochland.

If you are going to be buying a business, you may want to read this article: Buying a Business.

Naming the Company

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.

We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.

For other considerations regarding naming a company, we recommend this article: Naming a Business.

As a final piece of advice, remember that because you are starting a business in Goochland, it's imperative that you check now that no other Virginia company is using the business name you want to use.

Forming a Company in Goochland, Virginia

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

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

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 Virginia, you don't necessarily have to incorporate in Virginia. As it turns out, you can incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

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 Corporate Formalities. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Goochland, Virginia, our information on Incorporating in Virginia may be a useful resource if you decide to incorporate in Virginia.

The Role of the Business Plan

Creating a business plan is critical in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Virginia.

Raising Capital for Your Venture

Getting your Goochland business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on finding startup capital, such as 504 Loans.

For Goochland entrepreneurs who need startup capital, browse our List of Virginia Angel Investors and our List of Virginia Venture Capital Firms.

Marketing Your New Venture

To rise above the crowd in Goochland and grow your business, you'll need to have a good marketing plan.

We have some useful resources on this site for entrepreneurs who are working on marketing plans. Marketing Versus Sales discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Selling Tips

Mastering the art of selling is a must if you want your new Goochland business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Mastering the Complex Sale is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Advancing Your Entrepreneurial Skills

The best business owners recognize that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Goochland, Virginia, you will want to take advantage of the many programs available at nearby Virginia universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Goochland entrepreneurs.

What's Next?

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

Our goal here is to promote the vitality and growth of small businesses in Goochland and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Goochland, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Goochland, Virginia

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

 

 

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