Illinois Business Startup Guides
Start a Business in Troy, Illinois
Are you starting a business in Troy, Illinois? This article discusses the most important things to consider when opening a business in Troy.
Troy, Illinois Demographic Information
Troy has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Troy demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Troy.
Businesses
As a new Troy entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Troy 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 Troy, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as How to Get More Franchisees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Precision Door Service and House Doctors Handyman Service. Alternatively, you can browse franchise categories, such as Candy and Chocolate Franchises and Fitness Franchises.
Note on Troy Franchise Opportunities: To find out if a franchise you are interested in is available in Troy, you will need to get in direct contact with the franchisor.
Should You Buy an Existing Troy Business?
An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you can review several good businesses for sale in Troy.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy 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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.
As a final piece of advice, remember that because you are planning on starting a business in Troy, it's critical that you ensure that no other Illinois company is using the business name you want to use.
Where to Get Money to Start a Company
Getting your Troy business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Take advantage of our many articles on raising capital, such as Choosing VC Firms.
For Troy entrepreneurs in need of startup financing, we have assembled a List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.
Advancing Your Entrepreneurial Skills
Successful business owners recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Troy, Illinois, you will want to take advantage of the many programs available at nearby Illinois universities, colleges and community colleges. It's also worthwhile to see if there are any Troy networking organizations.
Next Steps
As an entrepreneur in Troy, you won't be working for the boss anymore. You are the boss.
Owning your own business will be a daunting task, but you can do it.
We are here to help Troy businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Troy 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 Troy, Illinois
Here are more links that we believe will help you be successful in starting a business in Troy.
- Resources for Troy, Illinois Entrepreneurs - Browse a variety of resources we've collected to assist Troy entrepreneurs.
- Illinois Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Illinois.
- Illinois Small Business Development Center - Illinois Small Business Development Centers located throughout the state provide assistance to new and existing small businesses.
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