August 3, 2020  
 
  Entrepreneurial Resources - Advice for Ohio Entrepreneurs  
  Sugarcreek, Ohio Resources for Entrepreneurs  
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Opening a Business in Sugarcreek, Ohio

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

Do You Have What It Takes?

Most startup companies don't make it, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, 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:

  • Talk to other entrepreneurs in Sugarcreek. 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.

Sugarcreek, Ohio Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 808
5-9 Employees 330
10-19 Employees 192
20-49 Employees 138
50-99 Employees 42
100-249 Employees 30
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Sugarcreek Businesses 1540

As a new Sugarcreek entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sugarcreek 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 1
Automotive Parts and Accessories Stores 3
Beauty Salons 1
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Bowling Centers 1
Car Washes 1
Cheese Manufacturing 1
Commercial Gravure Printing 1
Commercial Lithographic Printing 2
Confectionery and Nut Stores 2
Cut Stock, Resawing Lumber, and Planing 1
Direct Mail Advertising 1
Drinking Places (Alcoholic Beverages) 2
Dry Pasta Manufacturing 1
Electrical Contractors 1
Elementary and Secondary Schools 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 6
Floor Covering Stores 1
Florists 1
Footwear and Leather Goods Repair 1
Framing Contractors 4
Freight Transportation Arrangement 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 2
Furniture Stores 5
General Automotive Repair 1
General Freight Trucking, Local 5
Gift, Novelty, and Souvenir Stores 6
Golf Courses and Country Clubs 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 2
Landscaping Services 3
Limited-Service Restaurants 4
Locksmiths 1
Logging 2
Machine Shops 1
Mail-Order Houses 1
Masonry Contractors 3
Meat Markets 3
Metal Stamping 1
Metal Window and Door Manufacturing 2
Museums 1
New Car Dealers 2
Newspaper Publishers 1
Nonresidential Property Managers 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Lawyers 1
Offices of Optometrists 1
Ophthalmic Goods Manufacturing 1
Painting and Wall Covering Contractors 2
Pharmacies and Drug Stores 1
Ready-Mix Concrete Manufacturing 1
Roofing Contractors 3
Sawmills 4
Sheet Metal Work Manufacturing 1
Siding Contractors 3
Site Preparation Contractors 2
Storage Battery Manufacturing 1
Support Activities for Coal Mining 1
Tax Preparation Services 4
Tire Dealers 1
Used Car Dealers 1
Vending Machine Operators 1
Veterinary Services 1
Wholesale Trade Agents and Brokers 1
Wood Container and Pallet Manufacturing 2
Wood Window and Door Manufacturing 1

Naming the Business

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

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.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

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

Forming a Company in Sugarcreek, Ohio

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.

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.

Incorporating 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 Ohio, you don't necessarily have to incorporate in Ohio. In fact, 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Nevada Incorporation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Sugarcreek, Ohio, our web page covering Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.

The Role of the Business Plan

Having a business plan is critical in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Ohio.

Getting Money to Start a Business

Obtaining startup financing for your Sugarcreek business requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

The good news is this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

For Sugarcreek entrepreneurs who need startup capital, we have assembled a List of Ohio Angel Investors and our List of Ohio Venture Capital Firms.

The Art of Selling

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

Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.

Anticipating Prospect Responses 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 Sugarcreek businesses underestimate the number of challenges they will face.

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

This site is all about helping entrepreneurs in Sugarcreek and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Sugarcreek 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 Sugarcreek, Ohio

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

  • Resources for Sugarcreek, Ohio Entrepreneurs - Browse a variety of resources we've collected to assist Sugarcreek entrepreneurs.
  • Ohio Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Ohio.
  • Ohio Small Business Development Center - Whether you're starting your business, expanding your business, or just looking to stay in business, the Small Business Development Centers of Ohio (SBDCs of Ohio) can help with professional guidance by connecting you with research, financing sources, and training opportunities.
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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