Nebraska Business Startup Guides
Opening a Business in Humphrey, Nebraska
Contemplating starting a business in Humphrey, Nebraska? We walk you through the process of opening a business in Humphrey.
Will You Be a Successful Entrepreneur?
Most startup companies don't make it, in part because the founder did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Humphrey. 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.
Humphrey, Nebraska Demographic Information
Humphrey has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Humphrey demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Humphrey.
As a new Humphrey entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Humphrey 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.
Have You Considered Franchising?
As you drive around Humphrey, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Most business experts recommend that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Evaluating Franchise Opportunities. 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.
Note on Humphrey Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Humphrey.
Is Buying an Existing Humphrey Business a Good Strategy?
An excellent way to get started in business is to Buy a Business in Nebraska. Follow that link and you may find several good businesses for sale in Humphrey.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Selecting a Name For Your Venture
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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Humphrey, it's imperative that you check now that no other Nebraska company is using the business name you want to use.
Company Formation in Humphrey, Nebraska
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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. Just because you are starting a business in Nebraska, you don't necessarily have to incorporate in Nebraska. In fact, you are allowed to 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Humphrey, Nebraska, our information on Incorporating in Nebraska may be a useful resource if you decide to incorporate in Nebraska.
Don't Skip the Business Plan
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 is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Nebraska.
Most new Humphrey 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.
This site is all about helping entrepreneurs in Humphrey and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Humphrey, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Humphrey, Nebraska
Here are more links that we believe will help you be successful in starting a business in Humphrey.
- Resources for Humphrey, Nebraska Entrepreneurs - Browse a variety of resources we've collected to assist Humphrey entrepreneurs.
- Nebraska Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Nebraska.
- Nebraska Small Business Development Center - Nebraska Small Business Development Centers provided start-up, management and technical assistance to Nebraska entrepreneurs and Nebraska small business owners from offices throughout the state.
Starting-a-Business Guides for Other Cities in Nebraska
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