Wisconsin Business Startup Guides
Starting a Business in New London, Wisconsin
Thinking about starting a business in New London, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in New London.
Will You Be a Good Entrepreneur?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Speak with other entrepreneurs in New London. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
- Talk it over with a close friend or partner. Others sometimes know you better than you know yourself.
What Business to Start
There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Free Business Ideas.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Colleges & Universities Business guide or our Opening a Geophysical Equipment, Supplies, & Services Business guide.
Don't forget that your new startup will be located in New London. Some businesses will do better in New London than others. A critical consideration is whether New London demographics mesh well with your startup concept.
New London, Wisconsin Demographic Information
New London has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for New London demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in New London.
Businesses
As a new New London entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New London 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 a Franchise Opportunity Right For You?
As you drive around New London, you'll notice that many local entrepreneurs have gone the franchising route. Is there a franchise opportunity out there that makes sense for you?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Evaluating Franchise Opportunities. 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.
Sample franchise opportunities include The Bearclaw Coffee Company and Floortastic. Alternatively, you can browse franchise categories, such as Consulting Franchises and Health Franchises.
Note on New London Franchise Opportunities: To find out if a franchise you are interested in is available in New London, you will need to get in direct contact with the franchisor.
Where to Get Money to Start a Company
Finding the funds to fuel the growth of your New London business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
Take advantage of our many articles on raising capital, such as 504 Loans.
For New London entrepreneurs with great ambition but a shortage of investment capital, browse our List of Wisconsin Angel Investors and our List of Wisconsin Venture Capital Firms.
How to Improve Your Entrepreneurial Abilities
Successful entrepreneurs know that they need to continually improve.
Given that you are starting a business in New London, Wisconsin, you will want to take advantage of the many programs available at nearby Wisconsin universities, colleges and community colleges. We also recommend you look into networking groups or organizations in which New London entrepreneurs get together to network and trade their business experiences.
What's Next?
You have a dream -- starting a business in New London. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help New London businesses to be successful. We want to be there for you to answer your business questions, whether you are a new New London 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 New London, Wisconsin
Here are more links that we believe will help you be successful in starting a business in New London.
- Resources for New London, Wisconsin Entrepreneurs - Browse a variety of resources we've collected to assist New London 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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