September 30, 2020  
 
  Entrepreneurial Resources - Advice for West Virginia Entrepreneurs  
  Winfield, West Virginia Resources for Entrepreneurs  
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Starting a Business in Winfield, West Virginia

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

Is Becoming an Entrepreneur Right for You?

Before you get too far along in the process, consider your entrepreneurial instincts and capabilities.

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 Winfield. 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.

Winfield, West Virginia Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1566
5-9 Employees 729
10-19 Employees 405
20-49 Employees 378
50-99 Employees 27
100-249 Employees 0
250-499 Employees 27
500-999 Employees 0
1000+ Employees 0
All Winfield Businesses 3132

As a new Winfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Winfield 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
Apprenticeship Training 1
Automotive Parts and Accessories Stores 1
Business Associations 1
Cafeterias 1
Convenience Stores 1
Couriers 1
Electric Power Distribution 2
Fine Arts Schools 1
Fitness and Recreational Sports Centers 2
Florists 1
Full-Service Restaurants 1
Furniture Stores 1
General Freight Trucking, Local 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Home Health Care Services 1
Homes for the Elderly 1
Hydroelectric Power Generation 2
Landscaping Services 3
Limited-Service Restaurants 8
Marinas 1
Masonry Contractors 1
Natural Gas Distribution 1
New Housing Operative Builders 2
Offices of Dentists 2
Offices of Lawyers 3
Offices of Optometrists 1
Payroll Services 1
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 2
Ready-Mix Concrete Manufacturing 2
Recreational Vehicle Dealers 1
Residential Remodelers 3
Roofing Contractors 1
Siding Contractors 1
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 1
Sporting Goods Stores 1
Veterinary Services 2
Video Tape and Disc Rental 1
Vocational Rehabilitation Services 2
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Have You Considered Buying an Existing Winfield Business?

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

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

Do You Need a Business Plan?

A business plan is vital in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.

To learn more about business plans, read The Art of the Executive Summary. You can also get free business counselors available to you through your local SCORE chapter in West Virginia.

Raising Money for Your New Venture

Raising money to fund your new Winfield business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Borrowing Money from Friends and Family.

For Winfield entrepreneurs who need startup capital, check out our List of West Virginia Angel Investors and our List of West Virginia Venture Capital Firms.

The Art of Selling

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Winfield or are selling to customers throughout West Virginia, the United States or even the world, you have to be able to sell.

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Training offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Improving Your Entrepreneurial Skillset

Good business owners recognize that they need to continually improve.

Given that you are starting a business in Winfield, West Virginia, you should check out some of the many programs available at nearby West Virginia universities, colleges and community colleges. You should also check if there are any Winfield networking organizations.

Moving Forward

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

This site is all about helping entrepreneurs in Winfield and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Winfield, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Winfield, West Virginia

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

 

 

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