January 14, 2021  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Washburn, Wisconsin Resources for Entrepreneurs  
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Starting a Business in Washburn, Wisconsin

Thinking about starting a business in Washburn, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Washburn.

Which Business to Choose?

Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening an Engineering Reports Business guide or our Starting a Roofing Hatches & Scuttles Business guide.

Don't forget that you are starting a business in Washburn. Some businesses will do better in Washburn than others. A critical consideration is whether Washburn demographics mesh well with your startup concept.

Washburn, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 824
5-9 Employees 216
10-19 Employees 72
20-49 Employees 36
50-99 Employees 24
100-249 Employees 12
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Washburn Businesses 1184

As a new Washburn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Washburn 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
Art Dealers 1
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 1
Business Associations 1
Caterers 1
Child Day Care Services 1
Coin-Operated Laundries and Drycleaners 1
Confectionery Merchant Wholesalers 1
Copper Foundries (except Die-Casting) 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 4
Electrical Contractors 3
Fitness and Recreational Sports Centers 1
Flooring Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 2
Hardware Stores 1
Homes for the Elderly 1
Industrial Pattern Manufacturing 1
Insurance Agencies and Brokerages 1
Iron Foundries 1
Janitorial Services 1
Landscaping Services 1
Limited-Service Restaurants 4
Logging 1
Masonry Contractors 1
Museums 1
Newspaper Publishers 1
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Certified Public Accountants 1
Offices of Dentists 1
Offices of Lawyers 1
Outdoor Power Equipment Stores 1
Painting and Wall Covering Contractors 3
Pharmacies and Drug Stores 1
Professional Employer Organizations 2
Residential Remodelers 1
Sporting Goods Stores 1
Theater Companies and Dinner Theaters 1
Used Car Dealers 1
Used Merchandise Stores 1

Have You Considered Buying an Existing Washburn Business?

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

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

Company Formation in Washburn, Wisconsin

It's very important that you form your business as a legal structure. Doing so will shield 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.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Wisconsin, it doesn't mean you are required to incorporate in Wisconsin. 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Washburn, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Raising Money for Your New Venture

Finding the funds to fuel the growth of your Washburn business is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on raising money, such as 504 Loans.

For Washburn entrepreneurs in need of startup financing, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.

Marketing Your New Venture

To rise above the crowd in Washburn and build your business, you need a solid marketing plan.

You can learn all about marketing on our site. How to Write a Marketing Plan is a good read to get your marketing juices flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Learning More About Entrepreneurship

The best entrepreneurs know that they don't know everything.

As an entrepreneur who lives in Washburn, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. We also recommend you look into Washburn networking organizations.

What's Next?

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

From this point on, you control your own destiny.

We are here to help Washburn businesses to be successful. 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 Washburn, Wisconsin

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

 

 

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