California Business Startup Guides
Open a Business in Phelan, California
Need help starting a business in Phelan, California? We've got the information you need to open a business in Phelan.
Are You Sure You Want to Do This?
Most new companies do not succeed, in part because the entrepreneur did not have the tenacity and/or the skills 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.
- Reach out to other entrepreneurs in Phelan. Ask them candidly what it's like to run a business.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- 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 Type of Business Should You Start?
Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Evaluating Your Idea.
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 Dance Club guide or our Starting a Tatoo Parlor guide.
Always keep in mind that your new startup will be located in Phelan. Some businesses will do better in Phelan than others. Only by spending some time analyzing Phelan demographics can you decide if there will be strong demand for your business idea.
Phelan, California Demographic Information
Phelan has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Phelan demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Phelan.
Businesses
As a new Phelan entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Phelan 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
Should You Buy an Existing Phelan Business?
An excellent way to get started in business is to Buy a Business in California. Follow that link and you can review several good businesses for sale in Phelan.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Phelan, California
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will choose from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in California, you don't necessarily have to incorporate in California. As it turns out, 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 Piercing the Corporate Veil. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Phelan, California, our web page covering Incorporating in California may be a useful resource if you decide to incorporate in California.
The Role of the Business Plan
A business plan is vital in laying a solid foundation for your business success. Simply put, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Mistakes. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in California.
Next Steps
Most new Phelan businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Phelan businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Phelan 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 Phelan, California
Here are more links that we believe will help you be successful in starting a business in Phelan.
- Resources for Phelan, California Entrepreneurs - Browse a variety of resources we've collected to assist Phelan entrepreneurs.
- California Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in California.
- Fresno, California Small Business Development Center - The UC Merced SBDC Regional Network assists Central California entrepreneurs and small business owners through counseling, training and business information.
- Los Angeles, California Small Business Development Center - The Los Angeles Regional Small Business Development Center Network (LA SBDC Network) is part of the national, U.S. Small Business Administration (SBA) effort to provide free one-on-one customized consulting services and low-cost training workshops to growing businesses and start-up businesses.
- Sacramento, California Small Business Development Center - As Northern California continues to grow demographically and economically, the Northeastern California Small Business Development Center (NECSBDC) at CSU, Chico is committed to helping communities prepare and plan for future growth.
- San Diego, California Small Business Development Center - The Small Business Development Center (SBDC) at Southwestern College serves entrepreneurs and small businesses in San Diego and Imperial Counties. The SBDC provides no-cost business assistance to start-up & existing businesses.
- San Francisco, California Small Business Development Center - The Northern California Network of Small Business Development Centers helps individuals start, manage and grow their businesses.
- Orange County Small Business Development Center - The Orange County SBDC is a leader in providing consulting, training, and technical assistance to the small business community.
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