January 26, 2021  
 
  Entrepreneurial Resources - Advice for Iowa Entrepreneurs  
  Newton, Iowa Resources for Entrepreneurs  
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Starting a Business in Newton, Iowa

Thinking about starting a business in Newton, Iowa? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Newton.

What Business Are You Starting?

An important decision is what kind of business you want to start. We recommend that you read Good 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 Starting an Economic Development Business guide or our Opening a Vibration Control & Measurement Business guide.

Always keep in mind that you are opening your new business in Newton. The business you want to start may already be well-represented in Newton. Make sure you fully understand Newton demographics before you lock in on your business idea.

Newton, Iowa Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 7755
5-9 Employees 3784
10-19 Employees 2376
20-49 Employees 1353
50-99 Employees 363
100-249 Employees 297
250-499 Employees 66
500-999 Employees 66
1000+ Employees 33
All Newton Businesses 16093

As a new Newton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newton 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
Art Dealers 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 5
Beauty Salons 7
Bed-and-Breakfast Inns 1
Book Stores 2
Bowling Centers 1
Business Associations 2
Car Washes 2
Carpet and Upholstery Cleaning Services 1
Cheese Manufacturing 1
Child and Youth Services 1
Child Day Care Services 4
Civic and Social Organizations 10
Commercial Lithographic Printing 3
Commercial Photography 1
Commercial Screen Printing 1
Computer and Software Stores 3
Computer Systems Design Services 1
Continuing Care Retirement Communities 1
Convenience Stores 1
Credit Unions 2
Custom Computer Programming Services 1
Dental Laboratories 1
Drinking Places (Alcoholic Beverages) 4
Electrical Contractors 3
Elementary and Secondary Schools 1
Family Planning Centers 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 3
Fitness and Recreational Sports Centers 2
Floor Covering Stores 2
Flooring Contractors 1
Florists 3
Food Service Contractors 2
Framing Contractors 1
Full-Service Restaurants 15
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 3
General Automotive Repair 5
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 3
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Graphic Design Services 1
Hardware Stores 3
Home Health Care Services 1
Household Appliance Stores 2
Industrial Launderers 1
Insurance Agencies and Brokerages 11
Janitorial Services 1
Jewelry Stores 1
Kidney Dialysis Centers 1
Landscaping Services 11
Limited-Service Restaurants 21
Machine Shops 2
Mail-Order Houses 1
Masonry Contractors 2
Men's Clothing Stores 1
Metal Stamping 1
Motor Vehicle Towing 1
Museums 1
Natural Gas Distribution 1
New Car Dealers 5
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 4
Office Supplies and Stationery Stores 1
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 3
Offices of Chiropractors 7
Offices of Dentists 8
Offices of Lawyers 6
Offices of Optometrists 4
Offices of Podiatrists 2
Offices of Real Estate Appraisers 1
Ophthalmic Goods Merchant Wholesalers 1
Paint and Wallpaper Stores 1
Periodical Publishers 1
Pet Care (except Veterinary) Services 3
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 3
Photography Studios, Portrait 2
Professional Organizations 2
Public Relations Agencies 1
Racetracks 1
Radio Stations 1
Real Estate Credit 1
Real Estate Investment Trusts 1
Residential Property Managers 3
Residential Remodelers 4
Roofing Contractors 1
Savings Institutions 3
Securities Brokerage 3
Shoe Stores 1
Siding Contractors 3
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 3
Solid Waste Collection 2
Sporting Goods Stores 2
Tax Preparation Services 1
Testing Laboratories 1
Tile and Terrazzo Contractors 1
Tire and Tube Merchant Wholesalers 1
Tire Dealers 1
Tire Manufacturing (except Retreading) 1
Title Abstract and Settlement Offices 1
Travel Agencies 1
Used Merchandise Stores 4
Veterinary Services 3
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 1
Warehouse Clubs and Supercenters 1
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 2
Wineries 1
Wired Telecommunications Carriers 2
Women's Clothing Stores 1

Have You Considered Buying an Existing Newton Business?

If you have some capital to play with, you may want to Buy a Business in Iowa. Follow that link and you can review several good businesses for sale in Newton.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Company Formation in Newton, Iowa

It's essential that you choose the right legal structure for your new entity. Among other things, forming a legal entity for the business limits your liabilities.

When forming a company, you will choose from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very common way to legally create a business entity. 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. Just because you are starting a business in Iowa, it doesn't mean you are required to incorporate in Iowa. In fact, 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'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 Incorporation Advice. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Newton, Iowa, our web page covering Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.

Promoting Your New Business

To rise above the crowd in Newton and accelerate your business, having an excellent marketing plan is fundamental to your successs.

There are myriad resources on this site to help you with your marketing plan. Radio Ads is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Newton business, you need to focus on sales.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Tips on Customer Referrals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Advancing Your Entrepreneurial Skills

Good business owners know that they don't know everything.

As an entrepreneur who lives in Newton, Iowa, you should get information on some of the learning programs at local Iowa educational institutions. You should also check if there are any networking groups or organizations in which Newton entrepreneurs get together to network and trade their business experiences.

What's Next?

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

Owning your own business will be a daunting task, but you can do it.

We are here to help Newton 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 Newton, Iowa

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

 

 

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