Wisconsin Business Startup Guides
Starting a Business in Montello, Wisconsin
Thinking about starting a business in Montello, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Montello.
Montello, Wisconsin Demographic Information
Montello has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Montello demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Montello.
Businesses
As a new Montello entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Montello 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
Choosing 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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
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 planning on starting a business in Montello, it's imperative that you check now that your company name has not already been claimed by another Wisconsin business.
Company Formation in Montello, Wisconsin
It's essential that you form your business as a legal structure. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will choose from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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. Just because you are starting a business in Wisconsin, you don't necessarily have to incorporate in Wisconsin. In fact, you are allowed to incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Montello, Wisconsin, our web page covering Incorporating in Wisconsin may be a useful resource if you decide to incorporate in Wisconsin.
Do You Need a Business Plan?
A business plan is critical 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 Expert Advice on Business Plans. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Wisconsin.
Letting the World Know You Exist
To grow your Montello business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. Marketing Basics 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.
The Art of Selling
Mastering the art of selling is a must if you want your new Montello 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.
Effective Sales Presentations is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
Most new Montello businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Montello and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Montello, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Montello, Wisconsin
Here are more links that we believe will help you be successful in starting a business in Montello.
- Resources for Montello, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist Montello entrepreneurs.
- Wisconsin Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Wisconsin.
- Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
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