Virginia Business Startup Guides
Opening a Business in Accomac, Virginia
Contemplating starting a business in Accomac, Virginia? We walk you through the process of opening a business in Accomac.
Will You Be a Successful Entrepreneur?
Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Accomac. They are usually very willing to share their insights on the ups and downs of being 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. Others sometimes know you better than you know yourself.
Accomac, Virginia Demographic Information
Accomac has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Accomac demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Accomac.
Businesses
As a new Accomac entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Accomac 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.
Businesses
Naming the Business
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
As a final piece of advice, remember that because you are planning on starting a business in Accomac, it's very important that you make sure no other Virginia company is using the business name you want to use.
Forming a Company in Accomac, Virginia
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will insulate 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.
Incorporation 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 Virginia, it doesn't mean you are required to incorporate in Virginia. As it turns out, 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 ESOP Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Accomac, Virginia, our information on Incorporating in Virginia may be a useful resource if you decide to incorporate in Virginia.
Don't Forget to Create a Business Plan
Having 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. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Presentations. You can also get face-to-face free consulting available from your local SCORE chapter in Virginia.
Raising Money for Your Company
Getting your Accomac business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Take advantage of our many articles on securing funding, such as 504 Loans.
For Accomac entrepreneurs who need startup capital, you'll want to take a look at our List of Virginia Angel Investors and our List of Virginia Venture Capital Firms.
Ramping Up Sales
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Accomac or are selling to customers throughout 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. Let us help you refine your selling techniques through our many useful sales advice tips.
Sales Training is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
You have a dream -- starting a business in Accomac. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Accomac businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Accomac, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Accomac, Virginia
Here are more links that we believe will help you be successful in starting a business in Accomac.
- Resources for Accomac, Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Accomac entrepreneurs.
- Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Virginia.
- Virginia Small Business Development Center - Virginia Small Business Development Centers offer professional business counseling, training and information resources to help grow and strengthen Virginia businesses.
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