Georgia Business Startup Guides
Open a Business in Lawrenceville, Georgia
Need help starting a business in Lawrenceville, Georgia? We've got the information you need to open a business in Lawrenceville.
Lawrenceville, Georgia Demographic Information
Lawrenceville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lawrenceville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lawrenceville.
Businesses
As a new Lawrenceville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lawrenceville 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
Should You Franchise?
As you drive around Lawrenceville, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Should you be giving franchising serious consideration?
Most business experts recommend that you consider franchising as an option. This site has dozens of articles on franchising, such as Franchisees Versus Licensees. 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.
Representative franchise opportunities include Club 50 Fitness and Doubletree. Alternatively, you can browse franchise categories, such as Wedding Franchises and Food and Drink Franchises.
Note on Lawrenceville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Lawrenceville.
Forming a Company in Lawrenceville, Georgia
A critical step is ensuring that you form your business as a legal structure. 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.
Incorporating 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 Georgia, you don't necessarily have to incorporate in Georgia. 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. To learn the fundamentals of company formation, browse articles on our site, such as Incorporation Advice. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lawrenceville, Georgia, our information on Incorporating in Georgia may be a useful resource if you decide to incorporate in Georgia.
Don't Forget to Create a Business Plan
A business plan is essential to the health of your new business. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Find Sample Business Plans Online. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Georgia.
Getting Money to Start a Business
Finding the funds to fuel the growth of your Lawrenceville business is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
On the bright side, this site contains dozens of articles on raising money, including one we recommend entitled Borrowing Money from Friends and Family.
For Lawrenceville entrepreneurs who want to raise money for a new venture, check out our List of Georgia Angel Investors and our List of Georgia Venture Capital Firms.
Bring in Revenues
Mastering the art of selling is a must if you want your new Lawrenceville business to do well.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Compensating Sales People offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
What's Next?
Most new Lawrenceville businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Lawrenceville and elsewhere to achieve real success. 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 Lawrenceville, Georgia
Here are more links that we believe will help you be successful in starting a business in Lawrenceville.
- Resources for Lawrenceville, Georgia Entrepreneurs - Browse a variety of resources we've collected to assist Lawrenceville entrepreneurs.
- Georgia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Georgia.
- Georgia Small Business Development Center - The Georgia SBDC program helps Georgia entrepreneurs with developing business plans, providing financial analysis, identifying sources of capital, and assessing marketing strategies.
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