June 5, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Woodville, Wisconsin Resources for Entrepreneurs  
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Open a Business in Woodville, Wisconsin

Need help starting a business in Woodville, Wisconsin? We've got the information you need to open a business in Woodville.

Do You Have What It Takes?

Most new companies 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.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Grab a meal or cofee with other entrepreneurs in Woodville. Get their candid feedback on what it takes to start a successful business.
  • Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
  • Reach out to a trusted acquaintance. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

Woodville, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 1080
5-9 Employees 135
10-19 Employees 270
20-49 Employees 162
50-99 Employees 81
100-249 Employees 27
250-499 Employees 27
500-999 Employees 0
1000+ Employees 0
All Woodville Businesses 1782

As a new Woodville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Woodville 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
Aluminum Foundries (except Die-Casting) 1
Appliance Repair and Maintenance 1
Beauty Salons 1
Caterers 1
Couriers 1
Drinking Places (Alcoholic Beverages) 2
Electrical Contractors 1
Engineering Services 1
Finish Carpentry Contractors 5
Floor Covering Stores 1
Flooring Contractors 1
Framing Contractors 1
Full-Service Restaurants 2
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 1
Landscaping Services 2
Limited-Service Restaurants 1
Machine Shops 2
Medical Laboratories 1
Metal Stamping 1
Motor and Generator Manufacturing 1
New Housing Operative Builders 1
Nursing Care Facilities 1
Offices of Dentists 1
Offices of Lawyers 1
Outdoor Power Equipment Stores 1
Remediation Services 1
Residential Remodelers 1
Site Preparation Contractors 2
Wholesale Trade Agents and Brokers 1

Forming a Company in Woodville, 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 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 Wisconsin, you don't necessarily have 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 are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Woodville, Wisconsin, our information on Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.

Don't Forget to Create a Business Plan

A business plan is vital to the health of your new business. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Wisconsin.

Raising Money for Your New Venture

Getting your Woodville business the capital it needs to succeed 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 504 Loans.

For Woodville entrepreneurs who want to raise money for a new venture, check out our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.

Marketing Your New Company

Whether your goal is to attract Woodville customers or you plan on selling elsewhere, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Television Advertising Rates discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Now It's Up To You

Most new Woodville businesses underestimate the number of challenges they will face.

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

We are here to help Woodville businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Woodville, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Woodville, Wisconsin

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

 

 

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