Wisconsin Business Startup Guides
Starting a Business in Green Bay, Wisconsin
Thinking about starting a business in Green Bay, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Green Bay.
What Business Are You Starting?
An important decision is what kind of business you want to start. If you are struggling with what type of business to start, 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 Opening a Cable Assemblies Business guide or our How to Start a Petroleum Consultants Business guide.
Remember that your new startup will be located in Green Bay. Some businesses will do better in Green Bay than others. Only by spending some time analyzing Green Bay demographics can you decide if there will be strong demand for your business idea.
Green Bay, Wisconsin Demographic Information
Green Bay has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Green Bay demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Green Bay.
As a new Green Bay entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Green Bay 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.
What About Franchising Opportunities?
As you drive around Green Bay, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Understanding Franchise Contracts. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Perfect Pizza - UK and Angel's Gourmet Hot Dog Franchise. Alternatively, you can browse franchise categories, such as Cleaning and Maintenance Franchises and Personal Services Franchises.
Note on Green Bay Franchise Opportunities: To find out if a franchise you are interested in is available in Green Bay, you will need to get in direct contact with the franchisor.
What About Buying an Existing Green Bay 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 Green Bay.
If you are serious about buying a business, you may want to read this article: How to Buy 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.
As a final piece of advice, remember that because you are planning on starting a business in Green Bay, it's imperative that you check now that your company name has not already been claimed by another Wisconsin business.
Forming a Company in Green Bay, Wisconsin
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will insulate you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Wisconsin, it doesn't mean you are required to incorporate in Wisconsin. As it turns out, you can incorporate in any state you would like to. 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 C Corp Versus S Corp. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Green Bay, Wisconsin, our web page covering Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Getting the Word Out About Your New Company
To grow your Green Bay business, you need a excellent marketing plan.
We have some great resources on this site for entrepreneurs who are working on marketing plans. Business Cards discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a taste of the many useful articles we have on Marketing a Small Business.
Most new Green Bay businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Green Bay businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Green Bay, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Green Bay, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Green Bay.
- Resources for Green Bay, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Green Bay entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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