August 7, 2020  
 
  Entrepreneurial Resources - Advice for Nebraska Entrepreneurs  
  Randolph, Nebraska Resources for Entrepreneurs  
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Start a Business in Randolph, Nebraska

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

What Type of Business Should You Start?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Good Business Ideas.

To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Opening a History Books Business guide or our Opening a Wines Wholesale & Manufacturers Business guide.

Don't forget that your new startup will be located in Randolph. Think about what needs are currently being underserved in Randolph. Don't forget to review Randolph demographics to see if there's a market for what you want to sell.

Randolph, Nebraska Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 920
5-9 Employees 180
10-19 Employees 90
20-49 Employees 30
50-99 Employees 30
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Randolph Businesses 1250

As a new Randolph entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Randolph 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
Automotive Parts and Accessories Stores 1
Drinking Places (Alcoholic Beverages) 2
Electrical Contractors 1
Full-Service Restaurants 1
General Automotive Repair 2
Hardware Stores 2
Insurance Agencies and Brokerages 1
Limited-Service Restaurants 1
Local Messengers and Local Delivery 1
Natural Gas Distribution 1
Offices of Dentists 1
Offices of Lawyers 1
Pharmacies and Drug Stores 1
Residential Remodelers 1
Site Preparation Contractors 1

Have You Considered Buying an Existing Randolph Business?

An excellent way to get started in business is to Buy a Business in Nebraska. Follow that link and you may find several good businesses for sale in Randolph.

Before buying a business, be sure to read this article: Buying a Business.

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.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

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

As a final piece of advice, remember that because you are starting a business in Randolph, it's imperative that you check now that no other Nebraska company is using the business name you want to use.

Forming a Company in Randolph, Nebraska

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

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 Nebraska, it doesn't mean you are required to incorporate in Nebraska. In fact, you are allowed to incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

There are many nuances to forming a company. To learn the basics of company formation, browse articles on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Randolph, Nebraska, our information on Incorporating in Nebraska may be a useful resource if you decide to incorporate in Nebraska.

Getting the Word Out About Your New Venture

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

We have some excellent resources on this site for entrepreneurs who are working on marketing plans. Advertising in Magazines discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

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

The key to selling is to set sales goals goals and monitor your progress towards those goals. Let us help you refine your selling techniques through our many useful sales advice tips.

Cold Call Selling 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.

What's Next?

Most new Randolph 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 Randolph and elsewhere to achieve real success. 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 Randolph, Nebraska

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

 

 

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