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Start a Business in Granville, Illinois

Are you starting a business in Granville, Illinois? This article discusses the most important things to consider when opening a business in Granville.

Is Becoming a Business Owner Right for You?

An entrepreneurial life is hard work, much harder than working as an employee. Are you certain you want to start a business?

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Talk to other entrepreneurs in Granville. Get their take on what it's really like to be an entrepreneur.
  • 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Granville, Illinois Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
612
5-9 Employees
144
10-19 Employees
162
20-49 Employees
0
50-99 Employees
0
100-249 Employees
0
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Granville Businesses
918

As a new Granville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Granville 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
Cemeteries and Crematories
1
Convenience Stores
1
Drinking Places (Alcoholic Beverages)
1
Electrical Contractors
2
Floor Covering Stores
1
Framing Contractors
1
Full-Service Restaurants
1
Gift, Novelty, and Souvenir Stores
1
Insurance Agencies and Brokerages
2
Janitorial Services
1
Landscaping Services
3
Manifold Business Forms Printing
1
Marketing Consulting Services
1
Newspaper Publishers
1
Offices of Certified Public Accountants
1
Offices of Chiropractors
1
Offices of Dentists
1
Offices of Lawyers
1
Petroleum Bulk Stations and Terminals
1
Residential Remodelers
1

What About Buying an Existing Granville Business?

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

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Forming a Company in Granville, Illinois

It's very important 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.

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.

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, you don't necessarily have to incorporate in Illinois. As it turns out, 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Granville, Illinois, our web page covering Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Make Sure You Have a Business Plan

Writing a business plan is vital to the health of your new business. In effect, 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 will greatly reduce your chances of business success.

To learn more about business plans, read The Art of the Executive Summary. You should also take advantage of free business counselors available to you through your local SCORE chapter in Illinois.

Marketing Your New Venture

Whether your goal is to attract Granville customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your succeeding.

There are myriad resources on this site to help you with your marketing plan. Pros and Cons of Advertising is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

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

Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.

The Art of Customer Referrals offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Moving Forward

As an entrepreneur in Granville, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Granville and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Granville 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 Granville, Illinois

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

More Startup Articles for Illinois Cities

Starting a Business in Goreville
Starting a Business in Grayslake

Browse All Business Startup Guides for Illinois
Starting a Business Guides for Other States

 

 

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