January 13, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Silvis, Illinois Resources for Entrepreneurs  
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Start a Business in Silvis, Illinois

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

Do You Have Entrepreneurial Drive and Passion?

Most new companies fail, in part because the founder 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.

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Silvis. Get their candid feedback on what it takes to start a successful business.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. 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.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? We recommend that you read Good Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening an Abandoned Tank Filling Business guide or our Opening a Hula Supplies Business guide.

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

Silvis, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 162
5-9 Employees 75
10-19 Employees 54
20-49 Employees 21
50-99 Employees 15
100-249 Employees 6
250-499 Employees 0
500-999 Employees 3
1000+ Employees 0
All Silvis Businesses 336

As a new Silvis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Silvis 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
Automobile Manufacturing 1
Automotive Parts and Accessories Stores 3
Automotive Transmission Repair 1
Child Day Care Services 4
Civic and Social Organizations 2
Consumer Lending 1
Continuing Care Retirement Communities 2
Credit Unions 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 4
Electrical Contractors 1
Exam Preparation and Tutoring 1
Fitness and Recreational Sports Centers 1
Food (Health) Supplement Stores 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 2
General Medical and Surgical Hospitals 1
Golf Courses and Country Clubs 1
Graphic Design Services 1
Home Health Care Services 2
Insurance Agencies and Brokerages 1
Limited-Service Restaurants 4
Motorcycle Dealers 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Chiropractors 3
Offices of Dentists 1
Offices of Lawyers 1
Offices of Optometrists 1
Pharmacies and Drug Stores 3
Railroad Rolling Stock Manufacturing 1
Residential Property Managers 1
Residential Remodelers 2
Snack and Nonalcoholic Beverage Bars 1
Sporting Goods Stores 1
Tobacco Stores 1
Used Car Dealers 1
Video Tape and Disc Rental 1
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 1

Have You Considered Buying an Existing Silvis Business?

An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you can assess several good businesses for sale in Silvis.

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

Forming a Company in Silvis, Illinois

A critical step is ensuring 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.

When forming a company, you will select one of many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporation is a very common way to legally create a business entity. 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 Illinois, you don't necessarily have to incorporate in Illinois. In fact, you can incorporate in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as How to Incorporate. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Silvis, Illinois, our web page covering Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Getting the Word Out About Your New Company

To grow your Silvis business, you need a excellent marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Advertising on the Web 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.

Ramping Up Sales

Mastering the art of selling is priority one if you want your new Silvis business to do well.

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling on the Phone is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Now It's Up To You

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

From this point on, you control your own destiny.

We are here to help Silvis businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Silvis, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Silvis, Illinois

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

 

 

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