May 29, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Lac du Flambeau, Wisconsin Resources for Entrepreneurs  
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Open a Business in Lac du Flambeau, Wisconsin

Need help starting a business in Lac du Flambeau, Wisconsin? We've got the information you need to open a business in Lac du Flambeau.

What Type of Business Should You Start?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading 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 Starting an Unlicensed Nurses Business guide or our Opening a Manholes & Manhole Covers Business guide.

Always keep in mind that your new startup will be located in Lac du Flambeau. Some businesses will do better in Lac du Flambeau than others. Don't forget to review Lac du Flambeau demographics to see if there's a market for what you want to sell.

Lac du Flambeau, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 85
5-9 Employees 18
10-19 Employees 0
20-49 Employees 6
50-99 Employees 3
100-249 Employees 3
250-499 Employees 3
500-999 Employees 0
1000+ Employees 0
All Lac du Flambeau Businesses 118

As a new Lac du Flambeau entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lac du Flambeau 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
Beer, Wine, and Liquor Stores 1
Business Associations 1
Casino Hotels 1
Consumer Lending 1
Continuing Care Retirement Communities 1
Drinking Places (Alcoholic Beverages) 1
Full-Service Restaurants 1
General Automotive Repair 1
Limited-Service Restaurants 2
Real Estate Credit 1
Residential Remodelers 1
Site Preparation Contractors 1
Solid Waste Collection 1
Solid Waste Combustors and Incinerators 1
Sporting Goods Stores 1
Tobacco Stores 1

Forming a Company in Lac du Flambeau, Wisconsin

It's very important that you choose the right legal structure for your new entity. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation 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, you don't necessarily have to incorporate in Wisconsin. 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 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 Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lac du Flambeau, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Do You Need a Business Plan?

A business plan is essential to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Not having 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. You can also get free counseling sessions provided by your local SCORE chapter in Wisconsin.

Getting the Word Out About Your New Business

Whether your goal is to attract Lac du Flambeau customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your business achieving its goals.

There are myriad resources on this site to help you with your marketing plan. Planning an Event is a good read to get your marketing ideas flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

How to Sell

Being able to sell is essential to your business success. Whether you are focused on selling local customers in Lac du Flambeau or are selling to customers throughout Wisconsin, the United States or even the world, you have to be able to sell.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

The Art of Customer Referrals offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Advancing Your Entrepreneurial Skills

The best entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Lac du Flambeau, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Lac du Flambeau entrepreneurs.

Now It's Up To You

You have a dream -- starting a business in Lac du Flambeau. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

We are here to help Lac du Flambeau businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Lac du Flambeau 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 Lac du Flambeau, Wisconsin

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

 

 

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