West Virginia Business Startup Guides
Start a Business in Marlinton, West Virginia
Are you starting a business in Marlinton, West Virginia? This article discusses the most important things to consider when opening a business in Marlinton.
Is Becoming an Entrepreneur Right for You?
Most new ventures do not succeed, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Reach out to other entrepreneurs in Marlinton. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Marlinton, West Virginia Demographic Information
Marlinton has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Marlinton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Marlinton.
As a new Marlinton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Marlinton 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.
What About Franchising Opportunities?
Browse the Yellow Pages for Marlinton and you may be surprised to see how many franchises there are in the area. Is franchising maybe a better way for you to start your business?
We advise the entrepreneurs we work with to consider franchising as an option. This site has dozens of articles on franchising, such as Franchise Tradeshows. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Representative franchise opportunities include Wingate Inns and Adventures in Advertising. Alternatively, you can browse franchise categories, such as Car Wash Franchises and Healthy Alternative Foods Franchises.
Note on Marlinton Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Marlinton.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
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.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are planning on starting a business in Marlinton, it's imperative that you check now that no other West Virginia company is using the business name you want to use.
Forming a Company in Marlinton, West Virginia
It's essential that your business is formed as a legal entity that is separate from its owners. 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.
Incorporation 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 West Virginia, you don't necessarily have to incorporate in West Virginia. As it turns out, 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 Subchapter S Corporations. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Marlinton, West Virginia, our information on Incorporating in West Virginia may be a useful resource if you decide to incorporate in West Virginia.
Advancing Your Entrepreneurial Skills
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
With your business being located in Marlinton, West Virginia, you will want to take advantage of the many programs available at nearby West Virginia universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Marlinton entrepreneurs.
Most new Marlinton businesses underestimate the number of challenges they will face.
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 Marlinton and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Marlinton entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Marlinton, West Virginia
Here are more links that we believe will help you be successful in starting a business in Marlinton.
- Resources for Marlinton, West Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Marlinton entrepreneurs.
- West Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in West Virginia.
- West Virginia Small Business Development Center - The West Virginia Small Business Development Center (WVSBDC) promotes economic development through a program of practical, interrelated services, providing assistance to existing West Virginia small businesses and the emerging West Virginia entrepreneur.
More Startup Articles for West Virginia Cities
Share this article
Additional Resources for Entrepreneurs