Oregon Business Startup Guides
Start a Business in Monmouth, Oregon
Are you starting a business in Monmouth, Oregon? This article discusses the most important things to consider when opening a business in Monmouth.
Are You Sure You Want to Do This?
Most new businesses do not succeed, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, 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 Monmouth. Ask them candidly what it's like to run a business.
- 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
What Business Are You Starting?
Choosing a business that is right for you is very important. We recommend that you read Evaluating Your Idea.
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 Starting an Ice Cream & Frozen Desserts Wholesale & Manufacturers Business guide or our Starting a Church guide.
Remember that your new business will be in Monmouth. The business you want to start may already be well-represented in Monmouth. Study Monmouth demographics and do a competitive analysis as part of your startup planning process.
Monmouth, Oregon Demographic Information
Monmouth has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Monmouth demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Monmouth.
Businesses
As a new Monmouth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Monmouth 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?
Browse the Yellow Pages for Monmouth and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Franchising Mistakes. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Boston Pizza Restaurants and El Pollo Loco, Inc.. Alternatively, you can browse franchise categories, such as Cartridge Recycling Franchises and Child Entertainment Franchises.
Note on Monmouth Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Monmouth.
The Role of the Business Plan
Writing a business plan is essential in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Not having a business plan will greatly reduce your chances of business success.
To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Oregon.
Marketing Your New Company
To rise above the crowd in Monmouth and grow your business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. National TV Spot Advertising Rates discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Building Up Your Sales
Mastering the art of selling is essential if you want your new Monmouth business to do well.
Why should customers buy from you instead of buying from competitors? Let us help you refine your selling techniques through our many useful sales advice tips.
Hiring Telemarketing Firms to Generate Sales Leads is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Next Steps
Most new Monmouth businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Monmouth businesses to be successful. 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 Monmouth, Oregon
Here are more links that we believe will help you be successful in starting a business in Monmouth.
- Resources for Monmouth, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Monmouth 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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