Alabama Business Startup Guides
Starting a Business in Linden, Alabama
Thinking about starting a business in Linden, Alabama? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Linden.
Linden, Alabama Demographic Information
Linden has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Linden demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Linden.
Businesses
As a new Linden entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Linden 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.
Businesses
Forming a Company in Linden, Alabama
It's essential that you choose the right legal structure for your new entity. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. 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 Alabama, it doesn't mean you are required to incorporate in Alabama. In fact, you can 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 Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Linden, Alabama, our information on Incorporating in Alabama may be a useful resource if you decide to incorporate in Alabama.
Do You Need a Business Plan?
Having a business plan is critical in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Alabama.
Getting Money to Start a Business
Getting your Linden 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.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Linden entrepreneurs in need of startup financing, we have assembled a List of Alabama Angel Investors and our List of Alabama Venture Capital Firms.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Linden or are selling to customers throughout Alabama, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Effective Sales Presentations 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
Successful entrepreneurs recognize that they don't know everything.
With your business being located in Linden, Alabama, you will want to take advantage of the many programs available at nearby Alabama universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Linden entrepreneurs get together to network and trade their business experiences.
What's Next?
You have a dream -- starting a business in Linden. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Linden and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Linden, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Linden, Alabama
Here are more links that we believe will help you be successful in starting a business in Linden.
- Resources for Linden, Alabama Entrepreneurs - Browse a variety of resources we've collected to assist Linden entrepreneurs.
- Alabama Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Alabama.
- Alabama Small Business Development Center - Alabama's Small Business Development Center (SBDC) counsels and trains business people in a wide variety of business topics and provides comprehensive information services and access to experts in many fields. Counseling is provided free of charge to all Alabama small business owners.
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