Alabama Business Startup Guides
Starting a Business in Jacksonville, Alabama
Thinking about starting a business in Jacksonville, Alabama? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Jacksonville.
Is Becoming a Business Owner Right for You?
Most new businesses do not succeed, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Talk to other entrepreneurs in Jacksonville. Get their take on what it's really like to be 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Jacksonville, Alabama Demographic Information
Jacksonville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Jacksonville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Jacksonville.
Businesses
As a new Jacksonville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jacksonville 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
Have You Considered Franchising?
As you drive around Jacksonville, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We advise the entrepreneurs we work with to look into purchasing a franchise. We have many articles on franchises, such as Franchising Scams. 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 NYPD Pizza and Hawaii's Java Kai. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.
Note on Jacksonville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Jacksonville.
Forming a Company in Jacksonville, Alabama
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.
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 Alabama, you don't necessarily have to incorporate in Alabama. In fact, you can incorporate wherever you want. 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 Incorporation Advice. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Jacksonville, Alabama, our web page covering Incorporating in Alabama may be a useful resource if you decide to incorporate in Alabama.
Don't Forget to Create a Business Plan
A business plan is vital in maximizing the prospects of your new company. In effect, 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.
Before you start writing a business plan, we suggest you skim Expert Advice on Business Plans. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Alabama.
Increase Your Entrepreneurial Knowledge
Successful business owners recognize that they don't know everything.
Given that you are starting a business in Jacksonville, Alabama, you should get information on some of the learning programs at local Alabama educational institutions. You should also check if there are any networking organizations for Jacksonville entrepreneurs.
Moving Forward
Most new Jacksonville businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Jacksonville and throughout the United States . 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 Jacksonville, Alabama
Here are more links that we believe will help you be successful in starting a business in Jacksonville.
- Resources for Jacksonville, Alabama Entrepreneurs - Browse a variety of resources we've collected to assist Jacksonville entrepreneurs.
- Alabama Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Alabama.
- Alabama Small Business Development Center - Alabama's Small Business Development Center (SBDC) counsels and trains business people in a wide variety of business topics and provides comprehensive information services and access to experts in many fields. Counseling is provided free of charge to all Alabama small business owners.
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