January 24, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Liberty, Illinois Resources for Entrepreneurs  
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Open a Business in Liberty, Illinois

Need help starting a business in Liberty, Illinois? We've got the information you need to open a business in Liberty.

Is Becoming a Business Owner Right for You?

Being an entrepreneur is demanding, much more challenging than working as an employee. Are you sure you have the stamina and skills to succeed on your own?

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

  • Talk to other entrepreneurs in Liberty. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Liberty, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1305
5-9 Employees 540
10-19 Employees 90
20-49 Employees 0
50-99 Employees 0
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Liberty Businesses 1935

As a new Liberty entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Liberty 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
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 1
Farm Supplies Merchant Wholesalers 1
Full-Service Restaurants 1
General Automotive Repair 2
General Freight Trucking, Local 2
Insurance Agencies and Brokerages 2
Newspaper Publishers 1
Painting and Wall Covering Contractors 1
Petroleum Bulk Stations and Terminals 1
Residential Remodelers 2
Site Preparation Contractors 1
Solid Waste Landfill 1
Tire Dealers 1

Is a Franchise Opportunity Right For You?

As you drive around Liberty, you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?

Our advice is to consider franchising as an option. We have many articles on franchises, such as Why Franchises Fail. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Window Gang and Fiducial Franchises, Inc.. Alternatively, you can browse franchise categories, such as Home Décor Franchises and Mexican Restaurant Franchises.

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

What About Buying an Existing Liberty Business?

An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you might discover several good businesses for sale in Liberty.

Before buying a business, be sure to read this article: Buying a Business.

Don't Forget to Create a Business Plan

A business plan is essential in maximizing the prospects of your new company. In effect, 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 Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in Illinois.

Where to Get Money to Start a Company

Getting your Liberty business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Line of Credit.

For Liberty entrepreneurs who want to raise money for a new venture, check out our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

Moving Forward

As an entrepreneur in Liberty, you won't be working for the boss anymore. You are the boss.

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

This site is all about helping entrepreneurs in Liberty and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Liberty 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 Liberty, Illinois

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

 

 

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