West Virginia Business Startup Guides
Open a Business in Logan, West Virginia
Need help starting a business in Logan, West Virginia? We've got the information you need to open a business in Logan.
Are You Ready for the Challenges of Being an Entrepreneur?
Most startup ventures fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Logan. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Logan, West Virginia Demographic Information
Logan has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Logan demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Logan.
Businesses
As a new Logan entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Logan 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?
Examine a list of Logan businesses and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
We highly recommend you look into purchasing a franchise. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Before Buying a Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Representative franchise opportunities include Talent Tree, Inc. and Jiffy Lube International, Inc.. Alternatively, you can browse franchise categories, such as Carpet Care Franchises and Leisure and Entertainment Franchises.
Note on Logan Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Logan.
Naming the Company
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.
Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
On a final note, given that you are opening a business in Logan, it's imperative that you check now that you will be the only West Virginia company using the business name you have chosen.
Raising Money for Your New Venture
Finding the funds to fuel the growth of your Logan business will be harder than you might expect. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Line of Credit.
For Logan entrepreneurs on the hunt for startup funding, check out our List of West Virginia Angel Investors and our List of West Virginia Venture Capital Firms.
Marketing Your New Startup
To grow your Logan business, you'll need to have a good marketing plan.
You can learn quite a bit about marketing on our site. Writing Contributed Articles discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
Never Give Up
Most new Logan businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Logan businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Logan entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Logan, West Virginia
Here are more links that we believe will help you be successful in starting a business in Logan.
- Resources for Logan, West Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Logan entrepreneurs.
- West Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in West Virginia.
- West Virginia Small Business Development Center - The West Virginia Small Business Development Center (WVSBDC) promotes economic development through a program of practical, interrelated services, providing assistance to existing West Virginia small businesses and the emerging West Virginia entrepreneur.
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