January 16, 2021  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  Laguna Woods, California Resources for Entrepreneurs  
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Opening a Business in Laguna Woods, California

Contemplating starting a business in Laguna Woods, California? We walk you through the process of opening a business in Laguna Woods.

Are You Sure You Want to Do This?

Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Grab a meal or cofee with other entrepreneurs in Laguna Woods. Ask them candidly what it's like to run a business.
  • Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Free Business Ideas.

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 a Boat Transport Business guide or our How to Start a Custom Printed Shirts Business guide.

Always keep in mind that Laguna Woods is the place where you are starting a business. If Laguna Woods already has plenty of the kind of business you want to start, you might want to change your plans. Don't forget to review Laguna Woods demographics to see if there's a market for what you want to sell.

Laguna Woods, California Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 92
5-9 Employees 12
10-19 Employees 12
20-49 Employees 9
50-99 Employees 3
100-249 Employees 0
250-499 Employees 0
500-999 Employees 3
1000+ Employees 0
All Laguna Woods Businesses 131

As a new Laguna Woods entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Laguna Woods 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
Civic and Social Organizations 1
Couriers 1
Elementary and Secondary Schools 1
Fine Arts Schools 1
Freight Transportation Arrangement 1
Full-Service Restaurants 1
General Automotive Repair 1
Insurance Agencies and Brokerages 1
Investment Advice 1
Mortgage and Nonmortgage Loan Brokers 1
Offices of Certified Public Accountants 2
Offices of Dentists 1
Private Mail Centers 1
Real Estate Credit 1
Residential Property Managers 1
Residential Remodelers 1
Sales Financing 1
Savings Institutions 2
Securities Brokerage 3
Snack and Nonalcoholic Beverage Bars 1
Travel Agencies 1
Used Car Dealers 1
Video Tape and Disc Rental 1

Is a Franchise Opportunity Right For You?

As you drive around Laguna Woods, you'll notice that many local entrepreneurs have gone the franchising route. Evidently, there must be some significant advantages to purchasing a franchise.

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Benefits of Owning A Franchise. 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.

Sample franchise opportunities include Senior Helpers and ACE Hardware. Alternatively, you can browse franchise categories, such as Auto Parts and Tools Franchises and Landscaping Franchises.

Note on Laguna Woods Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Laguna Woods.

Forming a Company in Laguna Woods, California

It's very important that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

When forming a company, you will pick from many company types, such as 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 California, you don't necessarily have to incorporate in California. In fact, you can incorporate wherever you want. 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. To learn the fundamentals of company formation, browse articles on our site, such as Company Formation. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Laguna Woods, California, our web page covering Incorporating in California may be a useful resource if you decide to incorporate in California.

The Role of the Business Plan

A business plan is essential to the health of your new business. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Expert Advice on Business Plans. You can also get face-to-face free consulting available from your local SCORE chapter in California.

Building Up Your Sales

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Laguna Woods or are selling to customers throughout California, the United States or even the world, you have to be able to sell.

Why should customers buy from you instead of buying from competitors? The good news is we can help you to make selling a big competitve advantage for your new firm.

Landing Big Customers is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Laguna Woods and throughout the United States . 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 Laguna Woods, California

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

 

 

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