Nebraska Business Startup Guides
Start a Business in Wayne, Nebraska
Are you starting a business in Wayne, Nebraska? This article discusses the most important things to consider when opening a business in Wayne.
Is Becoming an Entrepreneur Right for You?
Most new ventures don't make it, in part because the entrepreneur 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.
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 Wayne. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Wayne, Nebraska Demographic Information
Wayne has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wayne demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wayne.
As a new Wayne entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wayne 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 Buying an Existing Wayne Business?
We've created a handy website page for those who want to Buy a Business in Nebraska. Follow that link and you may find several good businesses for sale in Wayne.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Forming a Company in Wayne, Nebraska
It's very important that your business is formed as a legal entity that is separate from its owners. 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 popular way to form a business. 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 Nebraska, you don't necessarily have to incorporate in Nebraska. In fact, you can 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 Subchapter S Corporations. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Wayne, Nebraska, our information on Incorporating in Nebraska may be a useful resource if you decide to incorporate in Nebraska.
Do You Need a Business Plan?
Writing a business plan is vital in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan will greatly reduce your chances of business success.
To learn more about business plans, read Business Presentations. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Nebraska.
Getting Money to Start a Business
Getting your Wayne business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Incubators.
Advancing Your Entrepreneurial Skills
The best business owners recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Wayne, Nebraska, you will want to take advantage of the many programs available at nearby Nebraska universities, colleges and community colleges. It's also worthwhile to see if there are any Wayne networking organizations.
Most new Wayne businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Wayne businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Wayne, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Wayne, Nebraska
Here are more links that we believe will help you be successful in starting a business in Wayne.
- Resources for Wayne, Nebraska Entrepreneurs - Browse a variety of resources we've collected to assist Wayne entrepreneurs.
- Nebraska Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Nebraska.
- Nebraska Small Business Development Center - Nebraska Small Business Development Centers provided start-up, management and technical assistance to Nebraska entrepreneurs and Nebraska small business owners from offices throughout the state.
Starting-a-Business Guides for Other Cities in Nebraska
Share this article
Additional Resources for Entrepreneurs