January 24, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Goreville, Illinois Resources for Entrepreneurs  
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Starting a Business in Goreville, Illinois

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

Goreville, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 96
5-9 Employees 33
10-19 Employees 18
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Goreville Businesses 147

As a new Goreville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Goreville 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 Parts and Accessories Stores 1
Child Day Care Services 1
Direct Mail Advertising 1
Electrical Contractors 1
Full-Service Restaurants 4
Hardware Stores 1
Insurance Agencies and Brokerages 1
Janitorial Services 1
Limited-Service Restaurants 2
Livestock Merchant Wholesalers 2
Offices of Certified Public Accountants 1
Offices of Dentists 1
Painting and Wall Covering Contractors 1
Siding Contractors 2
Site Preparation Contractors 2

Is a Franchise Opportunity Right For You?

As you drive around Goreville, it's apparent that franchising has become a very popular way to start a business. Should you be giving franchising serious consideration?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Common Franchisee Mistakes. Get a thorough education on franchising by browsing all of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Sample franchise opportunities include Pizza Pizza and Extreme Pita. Alternatively, you can browse franchise categories, such as Ice Cream Franchises and Pest Control Franchises.

Note on Goreville Franchise Opportunities: To find out if a franchise you are interested in is available in Goreville, you will need to get in direct contact with the franchisor.

Is Buying an Existing Goreville Business a Good Strategy?

If you have some capital to play with, you may want to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Goreville.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Forming a Company in Goreville, Illinois

A critical step is ensuring 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 traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating 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 Illinois, it doesn't mean you are required to incorporate in Illinois. In fact, you can incorporate in any state you would like to. 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. To learn the fundamentals of company formation, browse articles on our site, such as Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Goreville, Illinois, our information on Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Where to Get Money to Start a Company

Finding the funds to fuel the growth of your Goreville business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.

To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.

For Goreville entrepreneurs who want to raise money for a new venture, check out our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Goreville business, you need to focus on sales.

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.

Anticipating Prospect Responses is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

As an entrepreneur in Goreville, 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 Goreville businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Goreville entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Goreville, Illinois

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

 

 

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