June 6, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Lodi, Wisconsin Resources for Entrepreneurs  
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Opening a Business in Lodi, Wisconsin

Contemplating starting a business in Lodi, Wisconsin? We walk you through the process of opening a business in Lodi.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? We recommend that you 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 Bath Scales Business guide or our How to Start a Tractor Equipment & Parts Dealers Business guide.

Remember that you are opening your new business in Lodi. The business you want to start may already be well-represented in Lodi. Don't forget to review Lodi demographics to see if there's a market for what you want to sell.

Lodi, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1755
5-9 Employees 630
10-19 Employees 405
20-49 Employees 195
50-99 Employees 30
100-249 Employees 15
250-499 Employees 15
500-999 Employees 0
1000+ Employees 0
All Lodi Businesses 3045

As a new Lodi entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lodi 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
Automobile Driving Schools 1
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Boat Dealers 1
Bowling Centers 1
Child Day Care Services 5
Civic and Social Organizations 1
Coin-Operated Laundries and Drycleaners 1
Commercial Lithographic Printing 2
Continuing Care Retirement Communities 1
Custom Computer Programming Services 1
Dental Laboratories 1
Digital Printing 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 1
Educational Support Services 1
Electrical Contractors 5
Fine Arts Schools 1
Finish Carpentry Contractors 3
Flooring Contractors 2
Food Product Machinery Manufacturing 2
Framing Contractors 4
Fruit and Vegetable Canning 2
Full-Service Restaurants 12
Funeral Homes and Funeral Services 1
General Automotive Repair 4
General Freight Trucking, Local 1
Gift, Novelty, and Souvenir Stores 2
Golf Courses and Country Clubs 1
Homes for the Elderly 2
Household Appliance Stores 1
Industrial Launderers 1
Insurance Agencies and Brokerages 2
Janitorial Services 1
Jewelry Stores 2
Landscape Architectural Services 1
Landscaping Services 5
Limited-Service Restaurants 2
Local Messengers and Local Delivery 1
New Car Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Chiropractors 2
Offices of Dentists 2
Offices of Lawyers 2
Painting and Wall Covering Contractors 1
Periodical Publishers 1
Pharmacies and Drug Stores 1
Photography Studios, Portrait 1
Port and Harbor Operations 1
Precision Turned Product Manufacturing 1
Private Mail Centers 1
Recreational Vehicle Dealers 1
Residential Remodelers 3
Roofing Contractors 2
School and Employee Bus Transportation 1
Securities Brokerage 1
Septic Tank and Related Services 1
Siding Contractors 2
Sign Manufacturing 1
Snack and Nonalcoholic Beverage Bars 1
Tax Preparation Services 1
Temporary Help Services 1
Tile and Terrazzo Contractors 1
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 3
Wired Telecommunications Carriers 1

Have You Considered Buying an Existing Lodi Business?

We've created a useful website page for those who want to Buy a Business in Wisconsin. Follow that link and you may find several good businesses for sale in Lodi.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Forming a Company in Lodi, Wisconsin

A critical step is ensuring 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.

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

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. If you are starting a business in Wisconsin, it doesn't mean you are required 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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Lodi, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

The Role of the Business Plan

A business plan is essential to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Find Sample Business Plans Online. You can also get free business counselors available to you through your local SCORE chapter in Wisconsin.

Startup Financing Basics

Finding the funds to fuel the growth of your Lodi business is a difficult chore. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Getting a Small Business Loan.

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

Building Up Your Sales

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

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Prospecting is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

What's Next?

You have a dream -- starting a business in Lodi. 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 Lodi 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 Lodi, Wisconsin

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

 

 

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