June 3, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Wrightstown, Wisconsin Resources for Entrepreneurs  
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Starting a Business in Wrightstown, Wisconsin

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

What Business to Start

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 How to Evaluate a Business Idea.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Garbage Disposal Depots & Plants guide or our How to Start a Bowling Lane Refinishing & Repair Business guide.

Don't forget that your new business will be in Wrightstown. Some businesses will do better in Wrightstown than others. Study Wrightstown demographics and do a competitive analysis as part of your startup planning process.

Wrightstown, Wisconsin Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 178
5-9 Employees 78
10-19 Employees 30
20-49 Employees 12
50-99 Employees 6
100-249 Employees 12
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Wrightstown Businesses 316

As a new Wrightstown entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wrightstown 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
Beauty Salons 1
Bowling Centers 2
Child Day Care Services 4
Credit Unions 1
Electrical Contractors 2
Flooring Contractors 1
Full-Service Restaurants 3
Funeral Homes and Funeral Services 1
General Automotive Repair 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 2
Limited-Service Restaurants 2
Offices of Dentists 2
Photography Studios, Portrait 1
Sign Manufacturing 1
Software Publishers 1
Surface-Coated Paperboard Manufacturing 1
Veterinary Services 1

Naming the Company

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

As a final piece of advice, remember that because you are starting a business in Wrightstown, it's imperative that you check now that you will be the only Wisconsin company using the business name you have chosen.

Forming a Company in Wrightstown, Wisconsin

It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.

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. 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 Wisconsin, you don't necessarily have to incorporate in Wisconsin. As it turns out, 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Dissolving a Corporation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Wrightstown, 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

Having a business plan is critical 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. Failure to write a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Outsourcing. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Wisconsin.

Advancing Your Entrepreneurial Skills

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

As an entrepreneur who lives in Wrightstown, Wisconsin, you will want to take advantage of the learning programs at local Wisconsin educational institutions. We also recommend you look into networking groups or organizations in which Wrightstown entrepreneurs get together to network and trade their business experiences.

Next Steps

Most new Wrightstown 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.

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

More Entrepreneurial Resources for Starting a Business in Wrightstown, Wisconsin

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

 

 

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