Pennsylvania Business Startup Guides
Start a Business in Corry, Pennsylvania
Are you starting a business in Corry, Pennsylvania? This article discusses the most important things to consider when opening a business in Corry.
Are You Sure You Want to Do This?
An entrepreneurial life is demanding, much more challenging than working as an employee. Are you positive you want to start a business?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Reach out to other entrepreneurs in Corry. Ask them candidly what it's like to run a business.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Corry, Pennsylvania Demographic Information
Corry has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Corry demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Corry.
Businesses
As a new Corry entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Corry 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
What About Buying an Existing Corry Business?
If you have some capital to play with, you may want to Buy a Business in Pennsylvania. Follow that link and you might discover several good businesses for sale in Corry.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
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.
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.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
As a final piece of advice, remember that because you are opening a business in Corry, it's critical that you ensure that no Pennsylvania company has already registered the company name you have selected.
Forming a Company in Corry, Pennsylvania
It's essential that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
When forming a company, you will decide among many company types, such as 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, you don't necessarily have to incorporate in Pennsylvania. 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 Getting an EIN. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Corry, Pennsylvania, our web page covering Incorporating in Pennsylvania may be a useful resource if you decide to incorporate in Pennsylvania.
The Role of the Business Plan
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 is a recipe for disaster.
To learn more about business plans, read Business Plan Software. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Pennsylvania.
Raising Money for Your New Venture
Obtaining startup financing for your Corry business will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Angel Investors.
For Corry entrepreneurs on the hunt for startup funding, check out our List of Pennsylvania Angel Investors and our List of Pennsylvania Venture Capital Firms.
Next Steps
As an entrepreneur in Corry, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Corry businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Corry, Pennsylvania
Here are more links that we believe will help you be successful in starting a business in Corry.
- Resources for Corry, Pennsylvania Entrepreneurs - Browse a variety of resources we've collected to assist Corry entrepreneurs.
- Pennsylvania Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Pennsylvania.
- Pennsylvania Small Business Development Center - Pennsylvania SBDCs help aspiring entrepreneurs turn ideas into businesses, help small firms expand, and provide the information every business person needs to make critical decisions. There is no charge for their assistance and their free help can make the difference between business success and failure.
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