January 15, 2021  
 
  Entrepreneurial Resources - Advice for Washington Entrepreneurs  
  Sedro Woolley, Washington Resources for Entrepreneurs  
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Starting a Business in Sedro Woolley, Washington

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

Are You Ready for Entrepreneurship?

Most new ventures do not succeed, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Sedro Woolley. Listen closely to their experiences and see if you think you too can be successful.
  • We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
  • Have a candid conversation with friends and family. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

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 Business Ideas That Don't Make Sense.

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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that starting a business in Sedro Woolley has some implications. Some businesses will do better in Sedro Woolley than others. A critical consideration is whether Sedro Woolley demographics mesh well with your startup concept.

As a new Sedro Woolley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sedro Woolley 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
Apprenticeship Training 1
Architectural Services 1
Automotive Parts and Accessories Stores 4
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Book Stores 1
Business Associations 2
Car Washes 2
Carpet and Upholstery Cleaning Services 2
Cemeteries and Crematories 1
Child and Youth Services 1
Child Day Care Services 8
Civic and Social Organizations 2
Coin-Operated Laundries and Drycleaners 1
Computer and Software Stores 1
Computer Systems Design Services 1
Concrete Pipe Manufacturing 1
Construction Sand and Gravel Mining 1
Convenience Stores 1
Cut Stock, Resawing Lumber, and Planing 1
Dental Laboratories 1
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 3
Electrical Contractors 9
Engineering Services 1
Environmental Consulting Services 1
Exam Preparation and Tutoring 1
Family Clothing Stores 1
Finfish Fishing 3
Finish Carpentry Contractors 4
Fitness and Recreational Sports Centers 1
Flooring Contractors 2
Food (Health) Supplement Stores 1
Food Product Machinery Manufacturing 1
Framing Contractors 10
Full-Service Restaurants 10
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 4
General Freight Trucking, Local 4
General Medical and Surgical Hospitals 1
Golf Courses and Country Clubs 2
Hardware Stores 3
Hobby, Toy, and Game Stores 1
Home Centers 2
Homes for the Elderly 8
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 4
Investment Advice 2
Janitorial Services 2
Jewelry Stores 1
Land Subdivision 2
Landscaping Services 11
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 11
Limousine Service 1
Local Messengers and Local Delivery 1
Logging 13
Machine Shops 2
Masonry Contractors 1
Medical Laboratories 1
New Car Dealers 2
New Housing Operative Builders 3
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 1
Office Administrative Services 1
Office Equipment Merchant Wholesalers 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 8
Offices of Lawyers 4
Offices of Optometrists 1
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 3
Passenger Car Rental 1
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 2
Residential Remodelers 6
Roofing Contractors 2
Savings Institutions 1
Sawmills 3
Securities Brokerage 1
Septic Tank and Related Services 1
Shellfish Fishing 1
Siding Contractors 3
Sign Manufacturing 1
Site Preparation Contractors 7
Snack and Nonalcoholic Beverage Bars 5
Sporting Goods Stores 1
Sports and Recreation Instruction 2
Support Activities for Forestry 1
Tax Preparation Services 2
Temporary Help Services 1
Textile Bag Mills 1
Tire Dealers 1
Tobacco Stores 1
Truss Manufacturing 1
Used Car Dealers 2
Used Household and Office Goods Moving 1
Veterinary Services 1
Video Tape and Disc Rental 3
Vocational Rehabilitation Services 1
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Is a Franchise Opportunity Right For You?

As you drive around Sedro Woolley, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchising Scams. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Have You Considered Buying an Existing Sedro Woolley Business?

We've created a useful website page for those who want to Buy a Business in Washington. Follow that link and you may find several good businesses for sale in Sedro Woolley.

If you are serious about buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Company

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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

On a final note, given that you are planning on starting a business in Sedro Woolley, it's imperative that you check now that no Washington company has already registered the company name you have selected.

Forming a Company in Sedro Woolley, Washington

It's very important that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.

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

Incorporation 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 Washington, it doesn't mean you are required to incorporate in Washington. In fact, you can 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 Incorporation Advice. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Sedro Woolley, Washington, our web page covering Incorporating in Washington may be a useful resource if you decide to incorporate in Washington.

Don't Skip the Business Plan

A business plan is vital to the health of your new business. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Free Business Plan Templates. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Washington.

Where to Get Money to Start a Company

Obtaining startup financing for your Sedro Woolley business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.

To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.

For Sedro Woolley entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Washington Angel Investors and our List of Washington Venture Capital Firms.

Promoting Your New Company

To grow your Sedro Woolley business, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Introduction to Advertising 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 taste of the many useful articles we have on Marketing a Small Business.

Selling Tips

Mastering the art of selling is essential if you want your new Sedro Woolley business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling Stuff on the Web offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Advancing Your Entrepreneurial Skills

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

With your business being located in Sedro Woolley, Washington, you should investigate some of the many programs available at nearby Washington universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking organizations for Sedro Woolley entrepreneurs.

Never Give Up

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

From this point on, you control your own destiny.

We are here to help Sedro Woolley businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Sedro Woolley 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 Sedro Woolley, Washington

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

 

 

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