West Virginia Business Startup Guides
Start a Business in Philippi, West Virginia
Are you starting a business in Philippi, West Virginia? This article discusses the most important things to consider when opening a business in Philippi.
Are You Ready for Life as an Owner?
Running your own business is demanding, and can be orders of magnitude more strenuous than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
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 Philippi. Listen closely to their experiences and see if you think you too can be successful.
- 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
What Business Are You Starting?
An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.
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 Opening a Washing Machine & Dryer Rental & Leasing Business guide or our Starting a Kitchen Cabinet Refacing & Refinishing Business guide.
Always keep in mind that you are starting a business in Philippi. Think about what needs are currently being underserved in Philippi. A critical consideration is whether Philippi demographics mesh well with your startup concept.
Philippi, West Virginia Demographic Information
Philippi has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Philippi demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Philippi.
Businesses
As a new Philippi entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Philippi 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 Philippi Business?
If you have some capital to play with, you may want to Buy a Business in West Virginia. Follow that link and you can assess several good businesses for sale in Philippi.
Before buying a business, be sure to read this article: Buying a Business.
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
There's one other important factor when naming a business. Since you are starting a business in Philippi, it's critical that you ensure that no other West Virginia company is using the business name you want to use.
Make Sure You Have a Business Plan
Creating a business plan is critical in maximizing the prospects of your new company. In effect, a business plan is a written description of the future you envision for your business. Failure to write a business plan
To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in West Virginia.
Never Give Up
As an entrepreneur in Philippi, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Philippi and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Philippi, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Philippi, West Virginia
Here are more links that we believe will help you be successful in starting a business in Philippi.
- Resources for Philippi, West Virginia Entrepreneurs - Browse a variety of resources we've collected to assist Philippi entrepreneurs.
- West Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in West Virginia.
- West Virginia Small Business Development Center - The West Virginia Small Business Development Center (WVSBDC) promotes economic development through a program of practical, interrelated services, providing assistance to existing West Virginia small businesses and the emerging West Virginia entrepreneur.
Starting-a-Business Guides for Other Cities in West Virginia
Starting a Business in Petersburg
Starting a Business in Pineville
Browse All Business Startup Guides for West Virginia
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs