Louisiana Business Startup Guides
Opening a Business in Hammond, Louisiana
Contemplating starting a business in Hammond, Louisiana? We walk you through the process of opening a business in Hammond.
Is Becoming an Entrepreneur Right for You?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Hammond. 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.
Hammond, Louisiana Demographic Information
Hammond has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Hammond demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hammond.
As a new Hammond entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hammond 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.
Is Franchising a Better Option?
Browse the Yellow Pages for Hammond and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Our advice is to look into purchasing a franchise. We have many articles on franchises, such as Franchising Mistakes. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Note on Hammond Franchise Opportunities: To find out if a franchise you are interested in is available in Hammond, you will need to get in direct contact with the franchisor.
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.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
There's one other important factor when naming a business. Since you are opening a business in Hammond, it's very important that you make sure no other Louisiana company is using the business name you want to use.
Forming a Company in Hammond, Louisiana
It's very important that you form your business as a legal structure. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation 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 Louisiana, it doesn't mean you are required to incorporate in Louisiana. In fact, you can incorporate in the state of your choosing. 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 Pre-Incorporation Agreements. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Hammond, Louisiana, our information on Incorporating in Louisiana may be a useful resource if you decide to incorporate in Louisiana.
Ramping Up Sales
Being able to sell is essential to your business success. Whether you are focused on selling local customers in Hammond or are selling to customers throughout Louisiana, the United States or even the world, you have to be able to sell.
Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.
You have a dream -- starting a business in Hammond. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Hammond businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Hammond 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 Hammond, Louisiana
Here are more links that we believe will help you be successful in starting a business in Hammond.
- Resources for Hammond, Louisiana Entrepreneurs - Browse a variety of resources we've collected to assist Hammond entrepreneurs.
- Louisiana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Louisiana.
- Louisiana Small Business Development Center - The Louisiana Small Business Development Center (LSBDC Network) provides low- or no-cost guidance and training for small business owners and potential owners.
More Business Startup Guides for Louisiana
Share this article
Additional Resources for Entrepreneurs