February 16, 2020  
 
  Entrepreneurial Resources - Advice for Pennsylvania Entrepreneurs  
  Wynnewood, Pennsylvania Resources for Entrepreneurs  
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Starting a Business in Wynnewood, Pennsylvania

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

Do You Have Entrepreneurial Drive and Passion?

Being an entrepreneur is hard work, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?

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

  • Talk to other entrepreneurs in Wynnewood. Get their candid feedback on what it takes to start a successful business.
  • 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. 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.

What Business Are You Starting?

An important decision is what kind of business you want to start. We recommend that you read Business Ideas That Don't Make Sense.

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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that you are starting a business in Wynnewood. Some businesses will do better in Wynnewood than others. A critical consideration is whether Wynnewood demographics mesh well with your startup concept.

Wynnewood, Pennsylvania Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 688
5-9 Employees 189
10-19 Employees 126
20-49 Employees 69
50-99 Employees 33
100-249 Employees 45
250-499 Employees 6
500-999 Employees 0
1000+ Employees 3
All Wynnewood Businesses 1159

As a new Wynnewood entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wynnewood 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
Appliance Repair and Maintenance 1
Architectural Services 1
Barber Shops 2
Beauty Salons 7
Book Stores 2
Cable and Other Program Distribution 2
Camera and Photographic Supplies Stores 1
Car Washes 1
Caterers 1
Child and Youth Services 1
Child Day Care Services 1
Civic and Social Organizations 1
Claims Adjusting 1
Collection Agencies 1
Computer Systems Design Services 5
Confectionery and Nut Stores 1
Custom Computer Programming Services 4
Direct Title Insurance Carriers 1
Document Preparation Services 1
Drywall and Insulation Contractors 1
Electrical Contractors 1
Electronic Shopping 1
Elementary and Secondary Schools 5
Employment Placement Agencies 2
Engineering Services 1
Family Clothing Stores 2
Fitness and Recreational Sports Centers 4
Floor Covering Stores 1
Food (Health) Supplement Stores 2
Food Service Contractors 2
Full-Service Restaurants 7
General Automotive Repair 2
General Medical and Surgical Hospitals 1
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 1
Grantmaking Foundations 2
Home Furnishing Merchant Wholesalers 3
Home Health Care Services 1
Industrial Launderers 2
Insurance Agencies and Brokerages 6
Interior Design Services 1
Investment Advice 1
Janitorial Services 1
Jewelry Stores 2
Kidney Dialysis Centers 2
Landscape Architectural Services 2
Landscaping Services 1
Limited-Service Restaurants 4
Marketing Consulting Services 2
Masonry Contractors 1
Medical Laboratories 1
Motion Picture and Video Distribution 1
Motion Picture and Video Production 1
Music Publishers 1
Nail Salons 2
New Car Dealers 2
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 1
Office Administrative Services 3
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 4
Offices of Chiropractors 1
Offices of Dentists 11
Offices of Lawyers 9
Offices of Optometrists 3
Offices of Podiatrists 1
Offices of Real Estate Appraisers 3
Painting and Wall Covering Contractors 2
Periodical Publishers 1
Pet and Pet Supplies Stores 1
Pharmacies and Drug Stores 6
Portfolio Management 1
Public Relations Agencies 1
Real Estate Investment Trusts 1
Residential Property Managers 2
Residential Remodelers 1
Roofing Contractors 1
Rooming and Boarding Houses 1
Sales Financing 1
Savings Institutions 1
Securities Brokerage 4
Siding Contractors 1
Snack and Nonalcoholic Beverage Bars 3
Software Publishers 1
Taxi Service 1
Temporary Help Services 1
Testing Laboratories 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Used Merchandise Stores 1
Voluntary Health Organizations 2
Wholesale Trade Agents and Brokers 1

Is a Franchise Opportunity Right For You?

As you drive around Wynnewood, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Franchise Tradeshows. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

Note on Wynnewood Franchise Opportunities: To find out if a franchise you are interested in is available in Wynnewood, you will need to get in direct contact with the franchisor.

Have You Considered Buying an Existing Wynnewood Business?

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

If you are serious about buying a business, you may want to read this article: Buying a Business.

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Wynnewood, it's critical that you ensure that no other Pennsylvania company is using the business name you want to use.

Forming a Company in Wynnewood, Pennsylvania

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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Pennsylvania, it doesn't mean you are required to incorporate in Pennsylvania. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Dissolving a Corporation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Wynnewood, Pennsylvania, our information on Incorporating in Pennsylvania may be a useful resource if you decide to incorporate in Pennsylvania.

Don't Forget to Create a Business Plan

A business plan is vital in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.

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

Where to Get Money to Start a Company

Getting your Wynnewood 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.

Take advantage of our many articles on raising capital, such as 504 Loans.

For Wynnewood entrepreneurs with great ambition but a shortage of investment capital, check out our List of Pennsylvania Angel Investors and our List of Pennsylvania Venture Capital Firms.

Marketing Your New Venture

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

You can learn quite a bit about marketing on our site. Advertising on Google is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Wynnewood business, you need to focus on sales.

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Training is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Learning More About Entrepreneurship

Good entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Wynnewood, Pennsylvania, you will want to take advantage of the many programs available at nearby Pennsylvania universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Wynnewood entrepreneurs.

Now It's Up To You

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

Owning your own business will be a daunting task, but you can do it.

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

More Entrepreneurial Resources for Starting a Business in Wynnewood, Pennsylvania

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

 

 

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