Oregon Business Startup Guides
Opening a Business in Florence, Oregon
Contemplating starting a business in Florence, Oregon? We walk you through the process of opening a business in Florence.
What Type of Business Should You Start?
There are many businesses that you can start. How do you know which type of business is right for you? To help you decide on a business type, we encourage you to read Free Business Ideas.
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 Opening an Epoxies Business guide or our Starting a Meteorological Consultants Business guide.
Remember that your new startup will be located in Florence. Some businesses will do better in Florence than others. A critical consideration is whether Florence demographics mesh well with your startup concept.
Florence, Oregon Demographic Information
Florence has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Florence demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Florence.
Businesses
As a new Florence entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Florence 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
Forming a Company in Florence, Oregon
It's very important that you form your business as a legal structure. Doing so will insulate you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation is a very popular way to form a business. 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 Oregon, it doesn't mean you are required to incorporate in Oregon. In fact, you can incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Florence, Oregon, our information on Incorporating in Oregon may be a useful resource if you decide to incorporate in Oregon.
The Role of the Business Plan
A business plan is vital to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. 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 face-to-face free consulting available from your local SCORE chapter in Oregon.
Raising Capital for Your Business
Getting your Florence business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled Business Credit Evaluation.
For Florence entrepreneurs on the hunt for startup funding, browse our List of Oregon Angel Investors and our List of Oregon Venture Capital Firms.
Promoting Your New Company
Whether your goal is to attract Florence customers or you plan on selling elsewhere, you need a excellent marketing plan.
You can learn quite a bit about marketing on our site. Advertising Campaigns 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 taste of the many useful articles we have on Marketing a Small Business.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Florence, Oregon, you will want to take advantage of the many programs available at nearby Oregon universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Florence entrepreneurs get together to network and trade their business experiences.
What's Next?
Most new Florence businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Florence and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Florence, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Florence, Oregon
Here are more links that we believe will help you be successful in starting a business in Florence.
- Resources for Florence, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Florence entrepreneurs.
- Oregon Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oregon.
- Oregon Small Business Development Center - Oregon Small Business Development Centers use a client-centered approach to deliver counseling, training, information and technical assistance in all aspects of small business management. There is no fee for their assistance.
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