June 6, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Shell Lake, Wisconsin Resources for Entrepreneurs  
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Open a Business in Shell Lake, Wisconsin

Need help starting a business in Shell Lake, Wisconsin? We've got the information you need to open a business in Shell Lake.

Are You Ready for Entrepreneurship?

Most new companies fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Reach out to other entrepreneurs in Shell Lake. Listen closely to their experiences and see if you think you too can be successful.
  • Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
  • Get feedback from somebody whom you trust. 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.

Choosing the Right Company to Start

An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read 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 Mosquito Control Business guide or our Starting a Water Consultants Business guide.

Always keep in mind that you are opening your new business in Shell Lake. Some businesses will do better in Shell Lake than others. A critical consideration is whether Shell Lake demographics mesh well with your startup concept.

Shell Lake, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 120
5-9 Employees 42
10-19 Employees 18
20-49 Employees 12
50-99 Employees 15
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Shell Lake Businesses 207

As a new Shell Lake entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Shell Lake 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 1
Drinking Places (Alcoholic Beverages) 3
Electric Power Distribution 1
Fine Arts Schools 1
Flooring Contractors 1
Florists 1
Freight Transportation Arrangement 1
Full-Service Restaurants 3
General Automotive Repair 1
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Home Health Care Services 1
Homes for the Elderly 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 1
Landscaping Services 1
Masonry Contractors 1
New Housing Operative Builders 2
Nursing Care Facilities 1
Offices of Chiropractors 1
Offices of Dentists 1
Pharmacies and Drug Stores 1
Radio Stations 1
Residential Remodelers 1
Siding Contractors 1
Site Preparation Contractors 2

Is a Franchise Opportunity Right For You?

Examine a list of Shell Lake businesses and you may be surprised to see how many franchises there are in the area. So, it probably makes sense for you to consider franchising too.

Most business experts recommend that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Franchise Tradeshows. Get a thorough education on franchising by browsing all of our Articles on Franchising.

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

Sample franchise opportunities include Physicians Weight Loss and The Entrepreneur's Source. Alternatively, you can browse franchise categories, such as Healthcare Franchises and Miscellaneous Franchises.

Note on Shell Lake Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Shell Lake.

Have You Considered Buying an Existing Shell Lake Business?

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

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

Company Formation in Shell Lake, Wisconsin

It's essential that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

The entity you form can be 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. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Wisconsin, you don't necessarily have to incorporate in Wisconsin. In fact, you are allowed to 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 Why Incorporate in Delaware. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Shell Lake, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Advancing Your Entrepreneurial Skills

Good entrepreneurs know that they don't know everything.

With your business being located in Shell Lake, Wisconsin, you will want to take advantage of the learning programs at local Wisconsin educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which Shell Lake entrepreneurs get together to network and trade their business experiences.

Never Give Up

Most new Shell Lake 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.

We are here to help Shell Lake 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 Shell Lake, Wisconsin

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

 

 

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