June 3, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Prescott, Wisconsin Resources for Entrepreneurs  
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Opening a Business in Prescott, Wisconsin

Contemplating starting a business in Prescott, Wisconsin? We walk you through the process of opening a business in Prescott.

What Business Are You Starting?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading How to Evaluate a Business Idea.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Addiction Information & Treatment Service guide or our Opening a Bomb Disposal Services Business guide.

Always keep in mind that starting a business in Prescott has some implications. Some businesses will do better in Prescott than others. Only by spending some time analyzing Prescott demographics can you decide if there will be strong demand for your business idea.

Prescott, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1824
5-9 Employees 576
10-19 Employees 336
20-49 Employees 336
50-99 Employees 24
100-249 Employees 48
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Prescott Businesses 3144

As a new Prescott entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Prescott 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
Beauty Salons 4
Beer and Ale Merchant Wholesalers 1
Business Associations 1
Car Washes 1
Child Day Care Services 1
Commercial Lithographic Printing 2
Consumer Lending 1
Convenience Stores 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 1
Electrical Contractors 1
Fitness and Recreational Sports Centers 1
Framing Contractors 2
Full-Service Restaurants 5
General Automotive Repair 2
General Freight Trucking, Local 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Hobby, Toy, and Game Stores 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 2
Limited-Service Restaurants 4
Marinas 1
Marketing Consulting Services 1
Metal Stamping 1
New Car Dealers 1
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 2
Offices of Lawyers 1
Offices of Real Estate Appraisers 2
Packaging and Labeling Services 1
Pharmacies and Drug Stores 1
Plastics Bag Manufacturing 1
Residential Remodelers 1
Reupholstery and Furniture Repair 1
Roofing Contractors 1
Securities Brokerage 1
Siding Contractors 1
Site Preparation Contractors 2
Tax Preparation Services 1
Testing Laboratories 1
Tile and Terrazzo Contractors 1
Used Household and Office Goods Moving 1
Veterinary Services 1
Wholesale Trade Agents and Brokers 1

Choosing a Company Name

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

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.

On a final note, given that you are starting a business in Prescott, it's imperative that you check now that no other Wisconsin company is using the business name you want to use.

Promoting Your New Company

Whether your goal is to attract Prescott customers or you plan on selling elsewhere, you need a excellent marketing plan.

You can learn quite a bit about marketing on our site. Advertising in the Yellow Pages discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Selling Tips

Mastering the art of selling is a must if you want your new Prescott business to do well.

Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.

Anticipating Prospect Responses offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Improving Your Entrepreneurial Skillset

Good entrepreneurs know that what they know now may not be enough to ensure their future success.

Given that you are starting a business in Prescott, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Prescott entrepreneurs get together to network and trade their business experiences.

What's Next?

Most new Prescott businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

This site is all about helping entrepreneurs in Prescott and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Prescott entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Prescott, Wisconsin

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

 

 

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