January 24, 2021  
 
  Entrepreneurial Resources - Advice for Ohio Entrepreneurs  
  New Washington, Ohio Resources for Entrepreneurs  
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Opening a Business in New Washington, Ohio

Contemplating starting a business in New Washington, Ohio? We walk you through the process of opening a business in New Washington.

Which Business to Choose?

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 How to Evaluate a Business Idea.

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 Garage Builders Business guide or our Opening an Eyewear Business guide.

Remember that you are starting a business in New Washington. Some businesses will do better in New Washington than others. Study New Washington demographics and do a competitive analysis as part of your startup planning process.

New Washington, Ohio Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 180
5-9 Employees 99
10-19 Employees 54
20-49 Employees 45
50-99 Employees 18
100-249 Employees 9
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All New Washington Businesses 405

As a new New Washington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New Washington 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
Aluminum Foundries (except Die-Casting) 1
Commercial Lithographic Printing 1
Custom Roll Forming 1
Fitness and Recreational Sports Centers 1
Food Service Contractors 1
Full-Service Restaurants 1
Funeral Homes and Funeral Services 1
Golf Courses and Country Clubs 1
Institutional Furniture Manufacturing 1
Insurance Agencies and Brokerages 1
Landscaping Services 2
Limited-Service Restaurants 2
Masonry Contractors 1
Offices of Chiropractors 1
Offices of Dentists 1
Painting and Wall Covering Contractors 1
Periodical Publishers 1
Savings Institutions 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 2

Is Franchising a Better Option?

As you drive around New Washington, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Would going with a franchise be a good idea for you?

Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as Credit and Franchise Purchasing. 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.

Sample franchise opportunities include Barmetrix Canada and Homes & Land Publishing, Ltd.. Alternatively, you can browse franchise categories, such as Cell Phone Franchises and Automotive Services Franchises.

Note on New Washington Franchise Opportunities: To find out if a franchise you are interested in is available in New Washington, you will need to get in direct contact with the franchisor.

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 need to be easy to spell, easy to pronounce, and easy to remember.

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

There's one other important factor when naming a business. Since you are starting a business in New Washington, it's very important that you make sure no other Ohio company is using the business name you want to use.

Forming a Company in New Washington, Ohio

It's very important that you are forming a legal entity that operates independently from you. 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. If you are starting a business in Ohio, it doesn't mean you are required to incorporate in Ohio. As it turns out, 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 Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in New Washington, Ohio, our information on Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.

Startup Financing Basics

Getting your New Washington business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.

Take advantage of our many articles on raising capital, such as Getting a Small Business Loan.

For New Washington entrepreneurs in need of startup financing, check out our List of Ohio Angel Investors and our List of Ohio Venture Capital Firms.

Now It's Up To You

You have a dream -- starting a business in New Washington. To achieve your dream, you have to persevere, even when the odds are against you.

From this point on, you control your own destiny.

We are here to help New Washington businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in New Washington, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in New Washington, Ohio

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

 

 

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