August 2, 2020  
 
  Entrepreneurial Resources - Advice for Iowa Entrepreneurs  
  Jewell, Iowa Resources for Entrepreneurs  
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Starting a Business in Jewell, Iowa

Thinking about starting a business in Jewell, Iowa? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Jewell.

Will You Be a Good Entrepreneur?

Most new businesses don't make it, in part because the entrepreneur 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.

To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:

  • Talk to other entrepreneurs in Jewell. They are usually very willing to share their insights on the ups and downs of being 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. Others sometimes know you better than you know yourself.

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 Free Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Remember that starting a business in Jewell has some implications. Think about what needs are currently being underserved in Jewell. Study Jewell demographics and do a competitive analysis as part of your startup planning process.

Jewell, Iowa Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 90
5-9 Employees 33
10-19 Employees 12
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Jewell Businesses 135

As a new Jewell entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jewell 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
Barber Shops 1
Child Day Care Services 1
Drinking Places (Alcoholic Beverages) 2
Electric Power Distribution 1
Ethyl Alcohol Manufacturing 1
Full-Service Restaurants 1
Funeral Homes and Funeral Services 1
General Automotive Repair 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Janitorial Services 1
Leather and Hide Tanning and Finishing 1
Libraries and Archives 1
Marketing Consulting Services 1
New Housing Operative Builders 1
Newspaper Publishers 1
Offices of Lawyers 3
Pharmacies and Drug Stores 1
Ready-Mix Concrete Manufacturing 1
Siding Contractors 1
Used Car Dealers 1
Veterinary Services 2

Is Franchising a Better Option?

As you drive around Jewell, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Would going with a franchise be a good idea for you?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchisees Versus Licensees. 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.

Representative franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

Note on Jewell Franchise Opportunities: To find out if a franchise you are interested in is available in Jewell, you will need to get in direct contact with the franchisor.

Is Buying an Existing Jewell Business a Good Strategy?

We've created a useful website page for those who want to Buy a Business in Iowa. Follow that link and you might discover several good businesses for sale in Jewell.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Choosing 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.

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.

For other considerations regarding naming a company, we recommend this article: Naming a Business.

On a final note, given that you are starting a business in Jewell, it's imperative that you check now that no Iowa company has already registered the company name you have selected.

Company Formation in Jewell, Iowa

It's very important that you are forming a legal entity that operates independently from you. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will decide among many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.

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 Iowa, it doesn't mean you are required to incorporate in Iowa. 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'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. On a final note, since you will be starting a business in Jewell, Iowa, our web page covering Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.

Make Sure You Have a Business Plan

A business plan is essential in laying a solid foundation for your business success. Simply put, 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 is a recipe for disaster.

To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Iowa.

Startup Financing Basics

Obtaining startup financing for your Jewell business 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 raising capital, such as Realistic Debt Financing Options.

For Jewell entrepreneurs who need startup capital, check out our List of Iowa Angel Investors and our List of Iowa Venture Capital Firms.

Marketing Your New Business

Whether your goal is to attract Jewell customers or you plan on selling elsewhere, you need a excellent marketing plan.

You can learn quite a bit about marketing on our site. Point-of-Sale Displays 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.

The Art of Selling

Mastering the art of selling is priority one if you want your new Jewell business to do well.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Anticipating Prospect Responses offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

How to Improve Your Entrepreneurial Abilities

Good business owners know that they don't know everything.

As an entrepreneur who lives in Jewell, Iowa, you should get information on some of the many programs available at nearby Iowa universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking groups or organizations in which Jewell entrepreneurs get together to network and trade their business experiences.

What's Next?

Most new Jewell 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 Jewell and elsewhere to achieve real success. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Jewell, Iowa

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

  • Resources for Jewell, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist Jewell entrepreneurs.
  • Iowa Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Iowa.
  • Iowa Small Business Development Center - The Iowa SBDC conducts research, counsels, and trains business people in management, financing, and operating small businesses. They provide comprehensive information services and access to experts in a variety of fields. This is a great resource for Iowa entrepreneurs!
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Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety