Wisconsin Business Startup Guides
Opening a Business in Sun Prairie, Wisconsin
Contemplating starting a business in Sun Prairie, Wisconsin? We walk you through the process of opening a business in Sun Prairie.
Sun Prairie, Wisconsin Demographic Information
Sun Prairie has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Sun Prairie demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Sun Prairie.
As a new Sun Prairie entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sun Prairie 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.
Have You Considered Franchising?
As you drive around Sun Prairie, it's apparent that franchising has become a very popular way to start a business. Would going with a franchise be a good idea for you?
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Franchise Versus Business Opportunity. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Gemini Tub Repair and Lincoln Log Homes. Alternatively, you can browse franchise categories, such as Asian Restaurant Franchises and Environmental Testing Franchises.
Note on Sun Prairie Franchise Opportunities: To find out if a franchise you are interested in is available in Sun Prairie, you will need to get in direct contact with the franchisor.
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 should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are opening a business in Sun Prairie, it's critical that you ensure that your company name has not already been claimed by another Wisconsin business.
Forming a Company in Sun Prairie, Wisconsin
It's very important 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 decide among many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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. As it turns out, you can incorporate wherever you want. 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 Registered Agents. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Sun Prairie, Wisconsin, our web page covering Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Make Sure You Have a Business Plan
A business plan is essential to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.
Raising Money for Your New Venture
Raising money to fund your new Sun Prairie 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.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
Do you know how to sell? In order to attract customers to your new Sun Prairie business, you need to focus on sales.
Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Never Give Up
As an entrepreneur in Sun Prairie, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Sun Prairie businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Sun Prairie, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Sun Prairie, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Sun Prairie.
- Resources for Sun Prairie, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Sun Prairie entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
Starting-a-Business Guides for Other Cities in Wisconsin
Share this article
Additional Resources for Entrepreneurs