Maine Business Startup Guides
Starting a Business in Turner, Maine
Thinking about starting a business in Turner, Maine? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Turner.
Are You Sure You Want to Do This?
An entrepreneurial life is demanding, much more arduous than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Turner. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Turner, Maine Demographic Information
Turner has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Turner demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Turner.
Businesses
As a new Turner entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Turner 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.
Businesses
Forming a Company in Turner, Maine
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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 Maine, you don't necessarily have to incorporate in Maine. In fact, you are allowed to incorporate wherever you want. 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 Where to Incorporate. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Turner, Maine, our information on Incorporating in Maine may be a useful resource if you decide to incorporate in Maine.
Make Sure You Have a Business Plan
Writing a business plan is essential in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Failure to write a business plan will greatly reduce your chances of business success.
If you want more information on writing business plans, we recommend reading Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Maine.
Raising Money for Your New Venture
Getting your Turner business the capital it needs to succeed is not an easy task. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Getting a Small Business Loan.
For Turner entrepreneurs who need startup capital, check out our List of Maine Angel Investors and our List of Maine Venture Capital Firms.
Marketing Your New Company
Whether your goal is to attract Turner customers or you plan on selling elsewhere, you need a great marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Avoiding Bad Product Launches is an article that will generate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Next Steps
As an entrepreneur in Turner, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Turner and throughout the United States . We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Turner, Maine
Here are more links that we believe will help you be successful in starting a business in Turner.
- Resources for Turner, Maine Entrepreneurs - Browse a variety of resources we've collected to assist Turner entrepreneurs.
- Maine Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Maine.
- Maine Small Business Development Center - Maine Small Business Development Centers and its technology-focused group, the Maine Small Business & Technology Development Centers, provide comprehensive business management assistance, training, resource and information services to Maine's entrepreneurs and small business owners.
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