January 14, 2021  
 
  Entrepreneurial Resources - Advice for South Carolina Entrepreneurs  
  Marion, South Carolina Resources for Entrepreneurs  
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Opening a Business in Marion, South Carolina

Contemplating starting a business in Marion, South Carolina? We walk you through the process of opening a business in Marion.

Is Becoming an Entrepreneur Right for You?

Before you get too far along in the process, 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:

  • Talk to other entrepreneurs in Marion. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Marion, South Carolina Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 10127
5-9 Employees 3971
10-19 Employees 2508
20-49 Employees 1197
50-99 Employees 342
100-249 Employees 285
250-499 Employees 114
500-999 Employees 57
1000+ Employees 0
All Marion Businesses 18601

As a new Marion entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Marion 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
Ambulance Services 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 7
Automotive Transmission Repair 1
Beer, Wine, and Liquor Stores 2
Boat Building 1
Broadwoven Fabric Mills 1
Business Associations 1
Car Washes 1
Caterers 3
Cemeteries and Crematories 1
Child Day Care Services 5
Collection Agencies 1
Computer and Software Stores 2
Confectionery and Nut Stores 1
Consumer Lending 10
Convenience Stores 2
Diet and Weight Reducing Centers 1
Discount Department Stores 1
Drywall and Insulation Contractors 1
Educational Support Services 1
Electric Power Distribution 2
Electrical Contractors 2
Elementary and Secondary Schools 1
Exterminating and Pest Control Services 1
Family Clothing Stores 2
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Flooring Contractors 1
Food (Health) Supplement Stores 1
Framing Contractors 1
Full-Service Restaurants 10
Funeral Homes and Funeral Services 3
Furniture Stores 1
General Automotive Repair 3
General Freight Trucking, Local 4
General Rental Centers 1
General Warehousing and Storage 1
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Hardware Stores 2
Home Health Care Services 1
Household Appliance Stores 3
Insurance Agencies and Brokerages 6
Janitorial Services 1
Jewelry Stores 2
Kidney Dialysis Centers 1
Land Subdivision 2
Landscaping Services 1
Limited-Service Restaurants 12
Livestock Merchant Wholesalers 1
Logging 2
Machine Shops 1
Manufactured (Mobile) Home Dealers 2
Masonry Contractors 1
Men's Clothing Stores 1
Motor Vehicle Body Manufacturing 1
Motor Vehicle Towing 1
Motorcycle Dealers 1
Nursing Care Facilities 2
Office Administrative Services 1
Office Equipment Merchant Wholesalers 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 2
Offices of Dentists 5
Offices of Lawyers 9
Offices of Optometrists 2
Optical Goods Stores 1
Outdoor Power Equipment Stores 1
Paint and Coating Manufacturing 1
Periodical Publishers 1
Pharmacies and Drug Stores 4
Polystyrene Foam Product Manufacturing 1
Real Estate Credit 2
Recreational Vehicle Dealers 1
Residential Property Managers 1
Residential Remodelers 1
Reupholstery and Furniture Repair 1
Roofing Contractors 2
Savings Institutions 1
Securities Brokerage 1
Sheer Hosiery Mills 1
Shoe Stores 1
Site Preparation Contractors 1
Sporting Goods Stores 1
Spring (Heavy Gauge) Manufacturing 1
Temporary Help Services 1
Tire Dealers 1
Tire Retreading 1
Tobacco Stores 1
Used Car Dealers 5
Used Merchandise Stores 1
Veterinary Services 1
Video Tape and Disc Rental 2
Water Supply and Irrigation Systems 1
Wired Telecommunications Carriers 2
Women's Clothing Stores 2
Wood Container and Pallet Manufacturing 1

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.

There's one other important factor when naming a business. Since you are planning on starting a business in Marion, it's very important that you make sure no other South Carolina company is using the business name you want to use.

Forming a Company in Marion, South Carolina

It's very important that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

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 South Carolina, it doesn't mean you are required to incorporate in South Carolina. In fact, you can incorporate in the state of your choosing. 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 Corporate Formalities. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Marion, South Carolina, our information on Incorporating in South Carolina may be a useful resource if you decide to incorporate in South Carolina.

Make Sure You Have a Business Plan

Creating a business plan is vital in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan

To learn more about business plans, read Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in South Carolina.

Raising Funding for Your Venture

Getting your Marion business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.

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

For Marion entrepreneurs in need of startup financing, check out our List of South Carolina Angel Investors and our List of South Carolina Venture Capital Firms.

Bring in Revenues

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Marion or are selling to customers throughout South Carolina, 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? Let us help you refine your selling techniques through our many useful sales advice tips.

The Art of Customer Referrals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Moving Forward

You have a dream -- starting a business in Marion. 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.

This site is all about helping entrepreneurs in Marion and elsewhere to achieve real success. 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 Marion, South Carolina

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

 

 

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