Oregon Business Startup Guides
Starting a Business in Prineville, Oregon
Thinking about starting a business in Prineville, Oregon? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Prineville.
What Business Are You Starting?
Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Finding Your Niche in Life.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Building Contractors Commercial & Industrial Business guide or our Starting a Commodity Brokers Business guide.
Remember that starting a business in Prineville has some implications. Think about what needs are currently being underserved in Prineville. Only by spending some time analyzing Prineville demographics can you decide if there will be strong demand for your business idea.
Prineville, Oregon Demographic Information
Prineville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Prineville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Prineville.
Businesses
As a new Prineville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Prineville 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 Prineville Business?
An excellent way to get started in business is to Buy a Business in Oregon. Follow that link and you may find several good businesses for sale in Prineville.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Forming a Company in Prineville, Oregon
It's very important 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.
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. 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 Oregon, you don't necessarily have to incorporate in Oregon. As it turns out, you can incorporate in any state you would like to. 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. To learn the basics of company formation, browse articles on our site, such as Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Prineville, Oregon, our information on Incorporating in Oregon may be a useful resource if you decide to incorporate in Oregon.
Don't Forget to Create a Business Plan
A business plan is essential in laying a solid foundation for your business success. Indeed, 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.
To learn more about business plans, read Business Presentations. You should also take advantage of free business counselors available to you through your local SCORE chapter in Oregon.
Raising Capital for Your Venture
Getting your Prineville business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Prineville entrepreneurs on the hunt for startup funding, check out our List of Oregon Angel Investors and our List of Oregon Venture Capital Firms.
How to Improve Your Entrepreneurial Abilities
The best business owners recognize that what they know now may not be enough to ensure their future success.
With your business being located in Prineville, Oregon, you will want to take advantage of the many programs available at nearby Oregon universities, colleges and community colleges. It's also worthwhile to see if there are any Prineville networking organizations.
Next Steps
As an entrepreneur in Prineville, 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.
We are here to help Prineville businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Prineville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Prineville, Oregon
Here are more links that we believe will help you be successful in starting a business in Prineville.
- Resources for Prineville, Oregon Entrepreneurs - Browse a variety of resources we've collected to assist Prineville entrepreneurs.
- Oregon Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Oregon.
- Oregon Small Business Development Center - Oregon Small Business Development Centers use a client-centered approach to deliver counseling, training, information and technical assistance in all aspects of small business management. There is no fee for their assistance.
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