January 26, 2021  
 
  Entrepreneurial Resources - Advice for Virginia Entrepreneurs  
  Staunton, Virginia Resources for Entrepreneurs  
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Opening a Business in Staunton, Virginia

Contemplating starting a business in Staunton, Virginia? We walk you through the process of opening a business in Staunton.

Is Becoming a Business Owner Right for You?

Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.

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:

  • Speak with other entrepreneurs in Staunton. Get their take on what it's really like to be an entrepreneur.
  • You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
  • Involve a spouse, family member or trusted friend in the decision. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Staunton, Virginia Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 5511
5-9 Employees 1782
10-19 Employees 1350
20-49 Employees 945
50-99 Employees 315
100-249 Employees 108
250-499 Employees 18
500-999 Employees 27
1000+ Employees 0
All Staunton Businesses 10056

As a new Staunton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Staunton 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
Advertising Agencies 2
Ambulance Services 2
Amusement Arcades 1
Appliance Repair and Maintenance 1
Architectural Services 1
Art Dealers 1
Automotive Glass Replacement Shops 3
Automotive Parts and Accessories Stores 9
Baked Goods Stores 1
Beauty Salons 18
Bed-and-Breakfast Inns 4
Beer, Wine, and Liquor Stores 5
Book Stores 3
Bottled Water Manufacturing 1
Bowling Centers 1
Business Associations 2
Cable and Other Program Distribution 4
Cafeterias 1
Camera and Photographic Supplies Stores 1
Canvas and Related Product Mills 1
Car Washes 3
Carpet and Upholstery Cleaning Services 2
Caterers 5
Cemeteries and Crematories 2
Charter Bus Industry 1
Child and Youth Services 3
Child Day Care Services 4
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 8
Claims Adjusting 2
Clothing Accessories Stores 1
Coin-Operated Laundries and Drycleaners 2
Collection Agencies 1
Commercial Lithographic Printing 2
Community Food Services 2
Computer Systems Design Services 1
Consumer Lending 2
Convenience Stores 2
Cosmetology and Barber Schools 1
Court Reporting and Stenotype Services 1
Credit Unions 3
Curtain and Drapery Mills 1
Custom Computer Programming Services 5
Direct Mail Advertising 1
Direct Title Insurance Carriers 2
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 2
Electric Power Distribution 1
Electrical Contractors 11
Elementary and Secondary Schools 2
Emergency and Other Relief Services 1
Engineering Services 4
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 1
Facilities Support Services 1
Family Clothing Stores 4
Farm Supplies Merchant Wholesalers 1
Fine Arts Schools 2
Finish Carpentry Contractors 2
Fitness and Recreational Sports Centers 4
Floor Covering Stores 5
Flooring Contractors 7
Florists 3
Folding Paperboard Box Manufacturing 1
Food (Health) Supplement Stores 2
Food Service Contractors 3
Framing Contractors 5
Freight Transportation Arrangement 2
Full-Service Restaurants 32
Funeral Homes and Funeral Services 1
Furniture Stores 4
General Automotive Repair 13
General Freight Trucking, Local 5
General Rental Centers 2
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 11
Glass and Glazing Contractors 2
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Graphic Design Services 3
Hand and Edge Tool Manufacturing 1
Hardware Stores 2
Heating Oil Dealers 1
Historical Sites 1
Hobby, Toy, and Game Stores 2
Home Centers 1
Home Health Care Services 3
Homes for the Elderly 2
Household Appliance Stores 2
Industrial Launderers 3
Insurance Agencies and Brokerages 20
Interior Design Services 1
Investigation Services 1
Investment Advice 5
Janitorial Services 7
Jewelry Stores 7
Kidney Dialysis Centers 1
Land Subdivision 3
Landscaping Services 16
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 27
Livestock Merchant Wholesalers 1
Local Messengers and Local Delivery 1
Machine Shops 3
Mail-Order Houses 2
Marketing Consulting Services 1
Masonry Contractors 4
Meat Markets 4
Media Buying Agencies 1
Medical Laboratories 1
Men's Clothing Stores 1
Metal Household Furniture Manufacturing 1
Motor Vehicle Towing 2
Motorcycle Dealers 1
Museums 2
Music Publishers 1
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 1
Musical Instrument Manufacturing 2
Nail Salons 1
Natural Gas Distribution 1
New Car Dealers 10
New Housing Operative Builders 3
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 3
Office Administrative Services 2
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 3
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 11
Offices of Chiropractors 9
Offices of Dentists 15
Offices of Lawyers 19
Offices of Optometrists 2
Offices of Other Holding Companies 1
Offices of Podiatrists 2
Offices of Real Estate Appraisers 4
One-Hour Photofinishing 1
Optical Goods Stores 4
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 3
Pet and Pet Supplies Stores 5
Pet Care (except Veterinary) Services 2
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 8
Photography Studios, Portrait 1
Precision Turned Product Manufacturing 1
Professional Organizations 2
Radio Stations 3
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 7
Remediation Services 1
Residential Property Managers 6
Residential Remodelers 15
Reupholstery and Furniture Repair 5
Roofing Contractors 5
Savings Institutions 1
Securities Brokerage 4
Shoe Stores 5
Siding Contractors 2
Site Preparation Contractors 6
Skiing Facilities 1
Snack and Nonalcoholic Beverage Bars 6
Solid Waste Collection 1
Sporting Goods Stores 3
Sports and Recreation Instruction 2
Tax Preparation Services 3
Telecommunications Resellers 1
Temporary Help Services 1
Temporary Shelters 1
Testing Laboratories 1
Theater Companies and Dinner Theaters 2
Tire Dealers 3
Title Abstract and Settlement Offices 5
Tour Operators 2
Travel Agencies 1
Used Car Dealers 8
Used Merchandise Stores 6
Vending Machine Operators 1
Veterinary Services 3
Video Tape and Disc Rental 2
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 4
Wired Telecommunications Carriers 7
Women's Clothing Stores 3

Is a Franchise Opportunity Right For You?

Visit the business district of Staunton and you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Multi-Unit Franchising. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Planet Popolicious Franchises and Cash America Pawn. Alternatively, you can browse franchise categories, such as Construction Franchises and Handyman Services Franchises.

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

What About Buying an Existing Staunton Business?

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

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

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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.

There's one other important factor when naming a business. Since you are opening a business in Staunton, it's very important that you make sure your company name has not already been claimed by another Virginia business.

Forming a Company in Staunton, Virginia

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.

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 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 Virginia, it doesn't mean you are required to incorporate in Virginia. As it turns out, you can 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. To learn the fundamentals of company formation, browse articles on our site, such as Offshore Company Formation. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Staunton, Virginia, our web page covering Incorporating in Virginia may be a useful resource if you decide to incorporate in Virginia.

Moving Forward

You have a dream -- starting a business in Staunton. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

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

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

 

 

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