Illinois Business Startup Guides
Open a Business in Murphysboro, Illinois
Need help starting a business in Murphysboro, Illinois? We've got the information you need to open a business in Murphysboro.
What Business to Start
Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Business Ideas That Don't Make Sense.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Saddlery & Harness Repair Business guide or our Opening a Bookcases & Bookstands Business guide.
Remember that your new startup will be located in Murphysboro. The business you want to start may already be well-represented in Murphysboro. Study Murphysboro demographics and do a competitive analysis as part of your startup planning process.
Murphysboro, Illinois Demographic Information
Murphysboro has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Murphysboro demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Murphysboro.
Businesses
As a new Murphysboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Murphysboro 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 Buying an Existing Murphysboro Business?
If you have some capital to play with, you may want to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Murphysboro.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Murphysboro, Illinois
It's essential 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 traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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 Illinois, it doesn't mean you are required to incorporate in Illinois. In fact, you are allowed to 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 Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Murphysboro, Illinois, our information on Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.
Do You Need a Business Plan?
Writing a business plan is critical in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan will greatly reduce your chances of business success.
If you want more information on writing business plans, we recommend reading Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in Illinois.
Promoting Your New Business
Whether your goal is to attract Murphysboro customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. How to Market to Accountants and CPAs is a good read to get your marketing creativity flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Moving Forward
You have a dream -- starting a business in Murphysboro. 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 Murphysboro and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Murphysboro, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Murphysboro, Illinois
Here are more links that we believe will help you be successful in starting a business in Murphysboro.
- Resources for Murphysboro, Illinois Entrepreneurs - Browse a variety of resources we've collected to assist Murphysboro entrepreneurs.
- Illinois Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Illinois.
- Illinois Small Business Development Center - Illinois Small Business Development Centers located throughout the state provide assistance to new and existing small businesses.
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