May 31, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Mayville, Wisconsin Resources for Entrepreneurs  
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Start a Business in Mayville, Wisconsin

Are you starting a business in Mayville, Wisconsin? This article discusses the most important things to consider when opening a business in Mayville.

Are You Ready for Entrepreneurship?

Running your own business is demanding, and can be orders of magnitude more strenuous than working as an employee. Are you certain you have the stamina and skills to succeed on your own?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Talk to other entrepreneurs in Mayville. Listen closely to their experiences and see if you think you too can be successful.
  • 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

Which Business to Choose?

There are many businesses that you can start. How do you know which type of business is right for you? To help you decide on a business type, we encourage you to read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Folding Tables Retail Business guide or our Starting a Survival Games Business guide.

Remember that your new startup will be located in Mayville. Some businesses will do better in Mayville than others. Study Mayville demographics and do a competitive analysis as part of your startup planning process.

Mayville, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1052
5-9 Employees 432
10-19 Employees 216
20-49 Employees 228
50-99 Employees 36
100-249 Employees 84
250-499 Employees 0
500-999 Employees 24
1000+ Employees 0
All Mayville Businesses 2072

As a new Mayville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Mayville 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
Appliance Repair and Maintenance 1
Automotive Parts and Accessories Stores 2
Beauty Salons 3
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Business Associations 1
Cemeteries and Crematories 2
Cheese Manufacturing 2
Child Day Care Services 2
Coin-Operated Laundries and Drycleaners 1
Commercial Lithographic Printing 1
Construction Machinery Manufacturing 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 3
Elementary and Secondary Schools 1
Engineering Services 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 2
Floor Covering Stores 1
Florists 2
Framing Contractors 2
Fruit and Vegetable Canning 1
Full-Service Restaurants 10
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 2
General Freight Trucking, Local 1
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Hardware Stores 1
Ice Manufacturing 1
Insurance Agencies and Brokerages 4
Janitorial Services 2
Landscaping Services 1
Limited-Service Restaurants 2
Limousine Service 1
Machine Shops 1
Masonry Contractors 3
Medical Laboratories 1
Metal Stamping 2
New Car Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 2
Offices of Certified Public Accountants 1
Offices of Chiropractors 3
Offices of Dentists 2
Offices of Lawyers 1
Offices of Optometrists 1
Optical Goods Stores 1
Periodical Publishers 1
Pharmacies and Drug Stores 2
Plastics Plumbing Fixture Manufacturing 1
Residential Property Managers 1
Residential Remodelers 3
Retail Bakeries 1
Roofing Contractors 1
Savings Institutions 1
School and Employee Bus Transportation 1
Securities Brokerage 1
Sheet Metal Work Manufacturing 2
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Tax Preparation Services 1
Tire Dealers 1
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Naming the Company

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

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.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

As a final piece of advice, remember that because you are opening a business in Mayville, it's critical that you ensure that no other Wisconsin company is using the business name you want to use.

Forming a Company in Mayville, Wisconsin

It's very important that you form your business as a legal structure. Doing so will separate 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. 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 Wisconsin, you don't necessarily have to incorporate in Wisconsin. In fact, you can incorporate in any state you would like to. 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 Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Mayville, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Promoting Your New Company

To rise above the crowd in Mayville and accelerate your business, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Working with an Advertising Agency is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.

Never Give Up

As an entrepreneur in Mayville, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Mayville businesses to be successful. 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 Mayville, Wisconsin

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

 

 

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