Virginia Business Startup Guides
Opening a Business in Marion, Virginia
Contemplating starting a business in Marion, Virginia? We walk you through the process of opening a business in Marion.
Marion, Virginia 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.
Businesses
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.
Businesses
Have You Considered Franchising?
As you drive around Marion, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Is it perhaps smarter to franchise a business instead of doing it from scratch.
Our advice is to consider franchising as an option. We have many articles on franchises, such as Growth Trends in Franchising. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Virginia Barbeque and Cambridge Educational Centers. Alternatively, you can browse franchise categories, such as Auto Repair Franchises and Print and Sign Franchises.
Note on Marion Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Marion.
Have You Considered Buying an Existing Marion Business?
An excellent way to get started in business is to Buy a Business in Virginia. Follow that link and you may find several good businesses for sale in Marion.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Choosing a Company Name
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.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
As a final piece of advice, remember that because you are opening a business in Marion, it's imperative that you check now that your company name has not already been claimed by another Virginia business.
Company Formation in Marion, Virginia
It's essential that you form your business as a legal structure. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will pick from many company types, such as 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. Just because you are starting a business in Virginia, you don't necessarily have to incorporate in Virginia. In fact, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as LLC Advantages. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Marion, Virginia, our web page covering Incorporating in Virginia may be a useful resource if you decide to incorporate in Virginia.
Do You Need a Business Plan?
A business plan is critical 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 is a recipe for disaster.
To learn more about business plans, read Business Plan Mistakes. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Virginia.
Marketing Your New Venture
To rise above the crowd in Marion and build your business, having an excellent marketing plan is fundamental to your beating the competition.
We have some great resources on this site for entrepreneurs who are working on marketing plans. Effective Direct Mail Campaigns discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Moving Forward
Most new Marion businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Marion businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Marion, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Marion, Virginia
Here are more links that we believe will help you be successful in starting a business in Marion.
- Resources for Marion, Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Marion entrepreneurs.
- Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Virginia.
- Virginia Small Business Development Center - Virginia Small Business Development Centers offer professional business counseling, training and information resources to help grow and strengthen Virginia businesses.
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