Alabama Business Startup Guides
Start a Business in Scottsboro, Alabama
Are you starting a business in Scottsboro, Alabama? This article discusses the most important things to consider when opening a business in Scottsboro.
Do You Have What It Takes?
Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Speak with other entrepreneurs in Scottsboro. Get their candid feedback on what it takes to start a successful business.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Scottsboro, Alabama Demographic Information
Scottsboro has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Scottsboro demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Scottsboro.
Businesses
As a new Scottsboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Scottsboro 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
Should You Buy an Existing Scottsboro Business?
We've created a useful website page for those who want to Buy a Business in Alabama. Follow that link and you might discover several good businesses for sale in Scottsboro.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Choosing a Business 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.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Scottsboro, it's very important that you make sure no Alabama company has already registered the company name you have selected.
Do You Need a Business Plan?
A business plan is critical to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Software. You can also get free counseling sessions provided by your local SCORE chapter in Alabama.
Where to Get Money to Start a Company
Obtaining startup financing for your Scottsboro business is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Take advantage of our many articles on raising capital, such as SBIR Funding.
For Scottsboro entrepreneurs who need startup capital, you'll want to take a look at our List of Alabama Angel Investors and our List of Alabama Venture Capital Firms.
Now It's Up To You
You have a dream -- starting a business in Scottsboro. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Scottsboro businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Scottsboro 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 Scottsboro, Alabama
Here are more links that we believe will help you be successful in starting a business in Scottsboro.
- Resources for Scottsboro, Alabama Entrepreneurs - Browse a variety of resources we've collected to assist Scottsboro entrepreneurs.
- Alabama Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Alabama.
- Alabama Small Business Development Center - Alabama's Small Business Development Center (SBDC) counsels and trains business people in a wide variety of business topics and provides comprehensive information services and access to experts in many fields. Counseling is provided free of charge to all Alabama small business owners.
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