Iowa Business Startup Guides
Starting a Business in Perry, Iowa
Thinking about starting a business in Perry, Iowa? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Perry.
Are You Sure You Want to Do This?
Most startup businesses do not succeed, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Perry. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Perry, Iowa Demographic Information
Perry has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Perry demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Perry.
Businesses
As a new Perry entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Perry 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 Buying an Existing Perry Business?
We've created a handy website page for those who want to Buy a Business in Iowa. Follow that link and you may find several good businesses for sale in Perry.
For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.
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.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
As a final piece of advice, remember that because you are planning on starting a business in Perry, it's imperative that you check now that no other Iowa company is using the business name you want to use.
Forming a Company in Perry, Iowa
It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will protect 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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Iowa, you don't necessarily have to incorporate in Iowa. In fact, you are allowed to incorporate in the state of your choosing. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Perry, Iowa, our information on Incorporating in Iowa may be a useful resource if you decide to incorporate in Iowa.
Where to Get Money to Start a Company
Getting your Perry business the capital it needs to succeed is not an easy task. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled SBIR Funding.
For Perry entrepreneurs who want to raise money for a new venture, we have assembled a List of Iowa Angel Investors and our List of Iowa Venture Capital Firms.
Next Steps
Most new Perry businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Perry and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Perry, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Perry, Iowa
Here are more links that we believe will help you be successful in starting a business in Perry.
- Resources for Perry, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist Perry entrepreneurs.
- Iowa Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Iowa.
- Iowa Small Business Development Center - The Iowa SBDC conducts research, counsels, and trains business people in management, financing, and operating small businesses. They provide comprehensive information services and access to experts in a variety of fields. This is a great resource for Iowa entrepreneurs!
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