Wisconsin Business Startup Guides
Start a Business in Marshfield, Wisconsin
Are you starting a business in Marshfield, Wisconsin? This article discusses the most important things to consider when opening a business in Marshfield.
Do You Have What It Takes?
Most new businesses don't make it, in part because the founder did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Marshfield. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
What Type of Business Should You Start?
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read How to Evaluate a Business Idea.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Chimney Tops & Caps Business guide or our Starting an International Marketing Business guide.
Remember that you are starting a business in Marshfield. The business you want to start may already be well-represented in Marshfield. Study Marshfield demographics and do a competitive analysis as part of your startup planning process.
Marshfield, Wisconsin Demographic Information
Marshfield has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Marshfield demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Marshfield.
Businesses
As a new Marshfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Marshfield 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
Is Franchising a Better Option?
As you drive around Marshfield, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our recommendation is that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Common Franchisee Mistakes. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include L & W Investigations and Granite Transformations. Alternatively, you can browse franchise categories, such as Child Photos and Portraits Franchises and Financial Services Franchises.
Note on Marshfield Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Marshfield.
Selecting a Name For Your Startup
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.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
There's one other important factor when naming a business. Since you are starting a business in Marshfield, it's imperative that you check now that no other Wisconsin company is using the business name you want to use.
Company Formation in Marshfield, Wisconsin
It's essential that you choose the right legal structure for your new entity. 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.
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 Wisconsin, you don't necessarily have to incorporate in Wisconsin. As it turns out, 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Company Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Marshfield, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Startup Financing Basics
Getting your Marshfield business the capital it needs to succeed will be harder than you might expect. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Take advantage of our many articles on raising capital, such as Getting a Small Business Loan.
For Marshfield entrepreneurs with great ambition but a shortage of investment capital, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.
Now It's Up To You
Most new Marshfield businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Marshfield 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 Marshfield, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Marshfield.
- Resources for Marshfield, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Marshfield entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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