August 3, 2020  
 
  Entrepreneurial Resources - Advice for Washington Entrepreneurs  
  Winlock, Washington Resources for Entrepreneurs  
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Opening a Business in Winlock, Washington

Contemplating starting a business in Winlock, Washington? We walk you through the process of opening a business in Winlock.

Is Becoming an Entrepreneur Right for You?

Being an entrepreneur is difficult, much more arduous than working as an employee. Are you sure you want to go into business for yourself?

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 Winlock. Get their take on what it's really like to be an entrepreneur.
  • 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Type of Business Should You Start?

Choosing a business that is right for you is very important. If you are struggling with what type of business to start, read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Church of the Nazarene Church guide or our Opening a Compressed Natural Gas Business guide.

Remember that your new startup will be located in Winlock. The business you want to start may already be well-represented in Winlock. Don't forget to review Winlock demographics to see if there's a market for what you want to sell.

Winlock, Washington Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 213
5-9 Employees 42
10-19 Employees 12
20-49 Employees 15
50-99 Employees 3
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Winlock Businesses 285

As a new Winlock entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Winlock 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
Automotive Parts and Accessories Stores 2
Civic and Social Organizations 1
Confectionery and Nut Stores 1
Cut Stock, Resawing Lumber, and Planing 1
Drinking Places (Alcoholic Beverages) 2
Drywall and Insulation Contractors 2
Employment Placement Agencies 1
Finish Carpentry Contractors 1
Flooring Contractors 1
Food (Health) Supplement Stores 1
Food Service Contractors 3
Framing Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 3
General Freight Trucking, Local 1
Grantmaking Foundations 2
Hardware Stores 2
Homes for the Elderly 1
Janitorial Services 1
Landscaping Services 1
Logging 9
Metal Window and Door Manufacturing 1
Offices of Dentists 3
Offices of Optometrists 1
Painting and Wall Covering Contractors 1
Parking Lots and Garages 1
Pet Care (except Veterinary) Services 1
Residential Remodelers 1
Savings Institutions 2
Site Preparation Contractors 1
Title Abstract and Settlement Offices 1
Veterinary Services 1

Forming a Company in Winlock, Washington

A critical step is ensuring 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 common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Washington, it doesn't mean you are required to incorporate in Washington. In fact, you can incorporate in any state you would like to. 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 Why Incorporate in Delaware. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Winlock, Washington, our information on Incorporating in Washington may be a useful resource if you decide to incorporate in Washington.

Don't Forget to Create a Business Plan

Creating a business plan is essential in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Failure to write a business plan

To learn more about business plans, read Business Plan Outsourcing. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Washington.

Advancing Your Entrepreneurial Skills

The best business owners recognize that they don't know everything.

With your business being located in Winlock, Washington, you will want to take advantage of the many programs available at nearby Washington universities, colleges and community colleges. We also suggest you look into Winlock networking organizations.

Moving Forward

As an entrepreneur in Winlock, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

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

More Entrepreneurial Resources for Starting a Business in Winlock, Washington

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

 

 

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