Iowa Business Startup Guides
Opening a Business in Waverly, Iowa
Contemplating starting a business in Waverly, Iowa? We walk you through the process of opening a business in Waverly.
Is Becoming an Entrepreneur Right for You?
Most new businesses don't make it, 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.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Grab a meal or cofee with other entrepreneurs in Waverly. Get their take on what it's really like to be an entrepreneur.
- Take a look at Starting a Company. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Waverly, Iowa Demographic Information
Waverly has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Waverly demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Waverly.
Businesses
As a new Waverly entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Waverly 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 Franchising?
Visit the business district of Waverly and you may be surprised to see how many franchises there are in the area. Is it perhaps smarter to franchise a business instead of doing it from scratch.
Our recommendation is that you investigate buying a franchise. This site has dozens of articles on franchising, such as How to Franchise. 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 The Income Tax Place and Body Access Pilates & Pedal Center. Alternatively, you can browse franchise categories, such as Retail Franchises and Frozen Yogurt Franchises.
Note on Waverly Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Waverly.
Should You Buy an Existing Waverly Business?
If you have some capital to play with, you may want to Buy a Business in Iowa. Follow that link and you can assess several good businesses for sale in Waverly.
Before buying a business, be sure to read this article: Buying a Business.
Don't Forget to Create a Business Plan
Having a business plan is critical in maximizing the prospects of your new company. Simply put, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan makes you more prone to becoming a business failure statistic.
If you want more information on writing business plans, we recommend reading Business Plan Contests. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Iowa.
Raising Money for Your New Venture
Getting your Waverly business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Take advantage of our many articles on raising capital, such as How to Raise Money.
For Waverly entrepreneurs with great ambition but a shortage of investment capital, check out our List of Iowa Angel Investors and our List of Iowa Venture Capital Firms.
Marketing Your New Startup
To grow your Waverly business, you need a excellent marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Phone Book Advertising Costs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
Moving Forward
Most new Waverly 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.
This site is all about helping entrepreneurs in Waverly and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Waverly 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 Waverly, Iowa
Here are more links that we believe will help you be successful in starting a business in Waverly.
- Resources for Waverly, Iowa Entrepreneurs - Browse a variety of resources we've collected to assist Waverly 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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