Wisconsin Business Startup Guides
Start a Business in Hurley, Wisconsin
Are you starting a business in Hurley, Wisconsin? This article discusses the most important things to consider when opening a business in Hurley.
Do You Have What It Takes?
Most new ventures don't make it, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Hurley. Get their candid feedback on what it takes to start a successful business.
- 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
What Business Are You Starting?
An important decision is what kind of business you want to start. We recommend that you read Business Ideas That Don't Make Sense.
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 Pianos & Organs Retail Business guide or our Opening a Trailers Rental & Leasing Business guide.
Don't forget that your new business will be in Hurley. Some businesses will do better in Hurley than others. Make sure you fully understand Hurley demographics before you lock in on your business idea.
Hurley, Wisconsin Demographic Information
Hurley has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Hurley demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hurley.
As a new Hurley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hurley 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.
Naming the Business
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Hurley, it's imperative that you check now that no other Wisconsin company is using the business name you want to use.
Forming a Company in Hurley, Wisconsin
It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
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. 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. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Company Formation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Hurley, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Raising Money for Your New Venture
Getting your Hurley business the capital it needs to succeed is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Take advantage of our many articles on securing funding, such as 504 Loans.
Now It's Up To You
Most new Hurley businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Hurley and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Hurley 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 Hurley, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Hurley.
- Resources for Hurley, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Hurley 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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