June 4, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Stanley, Wisconsin Resources for Entrepreneurs  
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Open a Business in Stanley, Wisconsin

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

Stanley, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1344
5-9 Employees 462
10-19 Employees 252
20-49 Employees 84
50-99 Employees 21
100-249 Employees 21
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Stanley Businesses 2184

As a new Stanley entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Stanley 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
Architectural Services 1
Automotive Exhaust System Repair 1
Automotive Parts and Accessories Stores 2
Beauty Salons 2
Cheese Manufacturing 2
Child Day Care Services 2
Direct Life Insurance Carriers 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 5
Electrical Contractors 1
Elementary and Secondary Schools 1
Ethyl Alcohol Manufacturing 1
Farm Supplies Merchant Wholesalers 1
Fitness and Recreational Sports Centers 1
Florists 1
Framing Contractors 2
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
Furniture Stores 2
General Automotive Repair 1
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 1
Hardware Stores 1
Heating Oil Dealers 1
Homes for the Elderly 1
Hunting and Trapping 1
Insurance Agencies and Brokerages 1
Janitorial Services 1
Landscaping Services 3
Limited-Service Restaurants 1
Logging 1
Machine Shops 1
Offices of Chiropractors 2
Offices of Dentists 1
Painting and Wall Covering Contractors 1
Residential Remodelers 1
Savings Institutions 1
Securities Brokerage 1
Siding Contractors 2
Tax Preparation Services 1
Tile and Terrazzo Contractors 1
Tire Dealers 1
Used Car Dealers 1
Veterinary Services 1

Is a Franchise Opportunity Right For You?

As you drive around Stanley, it's apparent that franchising has become a very popular way to start a business. Is franchising maybe a better way for you to start your business?

Our recommendation is that you evaluate the possibility of your buying a franchise opportunity. This site has dozens of articles on franchising, such as Questions to Ask Franchisors. 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 Nothing But Noodles and Batteries Plus. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Meal Preparation Franchises.

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

Have You Considered Buying an Existing Stanley Business?

If you have some capital to play with, you may want to Buy a Business in Wisconsin. Follow that link and you can assess several good businesses for sale in Stanley.

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

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.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

There's one other important factor when naming a business. Since you are opening a business in Stanley, it's critical that you ensure that no other Wisconsin company is using the business name you want to use.

Forming a Company in Stanley, Wisconsin

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Wisconsin, it doesn't mean you are required 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 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 Dissolving a Corporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Stanley, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Where to Get Money to Start a Company

Getting your Stanley business the capital it needs to succeed is a difficult chore. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

The good news is this site contains dozens of articles on raising money, including one we recommend entitled Business Cash Advances.

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

Marketing Your New Startup

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

You can learn quite a bit about marketing on our site. Local Search is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Never Give Up

As an entrepreneur in Stanley, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

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

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

 

 

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