Minnesota Business Startup Guides
Opening a Business in Janesville, Minnesota
Contemplating starting a business in Janesville, Minnesota? We walk you through the process of opening a business in Janesville.
Janesville, Minnesota Demographic Information
Janesville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Janesville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Janesville.
Businesses
As a new Janesville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Janesville 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
Is Franchising a Better Option?
As you drive around Janesville, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?
Our recommendation is that you investigate buying a franchise. We have many articles on franchises, such as Multi-Unit Franchising. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Representative franchise opportunities include Brooke Franchise Corporation and Altratouch Systems. Alternatively, you can browse franchise categories, such as Franchises that Serve Liquor and Hair Styling Franchises.
Note on Janesville Franchise Opportunities: To find out if a franchise you are interested in is available in Janesville, you will need to get in direct contact with the franchisor.
Have You Considered Buying an Existing Janesville Business?
If you have some capital to play with, you may want to Buy a Business in Minnesota. Follow that link and you can review several good businesses for sale in Janesville.
Before buying a business, be sure to read this article: Buying a Business.
Picking a Business Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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 Company.
On a final note, given that you are starting a business in Janesville, it's very important that you make sure you will be the only Minnesota company using the business name you have chosen.
Forming a Company in Janesville, Minnesota
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.
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 Minnesota, it doesn't mean you are required to incorporate in Minnesota. In fact, you are allowed to 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 Janesville, Minnesota, our information on Incorporating in Minnesota may be a useful resource if you decide to incorporate in Minnesota.
Do You Need a Business Plan?
A business plan is vital to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Find Sample Business Plans Online. You can also get face-to-face free consulting available from your local SCORE chapter in Minnesota.
What's Next?
You have a dream -- starting a business in Janesville. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Janesville and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Janesville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Janesville, Minnesota
Here are more links that we believe will help you be successful in starting a business in Janesville.
- Resources for Janesville, Minnesota Entrepreneurs - Browse a variety of resources we've collected to assist Janesville entrepreneurs.
- Minnesota Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Minnesota.
- Minnesota Small Business Development Center - The Minnesota Small Business Development Centers provide no-cost, professional business consulting to Minnesota small businesses covering a variety of business needs.
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