Indiana Business Startup Guides
Open a Business in Lowell, Indiana
Need help starting a business in Lowell, Indiana? We've got the information you need to open a business in Lowell.
Are You Sure You Want to Do This?
Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Reach out to other entrepreneurs in Lowell. Ask them candidly what it's like to run a business.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Lowell, Indiana Demographic Information
Lowell has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lowell demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lowell.
As a new Lowell entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lowell 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.
Have You Considered Buying an Existing Lowell Business?
We've created a useful website page for those who want to Buy a Business in Indiana. Follow that link and you might discover several good businesses for sale in Lowell.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Forming a Company in Lowell, Indiana
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will decide among many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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 Indiana, you don't necessarily have to incorporate in Indiana. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 How to Incorporate. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Lowell, Indiana, our web page covering Incorporating in Indiana may be a useful resource if you decide to incorporate in Indiana.
The Art of Selling
Being able to sell is essential to your business success. Whether you are focused on selling local customers in Lowell or are selling to customers throughout Indiana, the United States or even the world, you have to be able to sell.
Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Improving Your Entrepreneurial Skillset
Successful business owners recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Lowell, Indiana, you should get information on some of the learning programs at local Indiana educational institutions. Another way to keep up on your learning is to investigate networking groups or organizations in which Lowell entrepreneurs get together to network and trade their business experiences.
You have a dream -- starting a business in Lowell. 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 Lowell businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Lowell, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Lowell, Indiana
Here are more links that we believe will help you be successful in starting a business in Lowell.
- Resources for Lowell, Indiana Entrepreneurs - Browse a variety of resources we've collected to assist Lowell entrepreneurs.
- Indiana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Indiana.
- Indiana Small Business Development Center - The Indiana Small Business Development Center assists Indiana entrepreneurs and small businesses through one on one counseling, education and business resources.
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