Ohio Business Startup Guides
Start a Business in Wilmington, Ohio
Are you starting a business in Wilmington, Ohio? This article discusses the most important things to consider when opening a business in Wilmington.
Are You Sure You Want to Do This?
Before quitting your day job, consider your entrepreneurial instincts and capabilities.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Speak with other entrepreneurs in Wilmington. Ask them candidly what it's like to run a business.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Wilmington, Ohio Demographic Information
Wilmington has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wilmington demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wilmington.
Businesses
As a new Wilmington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wilmington 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?
Browse the Yellow Pages for Wilmington and you'll notice that many local entrepreneurs have gone the franchising route. Is there a franchise opportunity out there that makes sense for you?
Most business experts recommend that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Five Franchise Opportunities To Watch. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Quiznos Sub and Dale & Thomas Popcorn. Alternatively, you can browse franchise categories, such as Healthcare Services Franchises and Auto Sales Franchises.
Note on Wilmington Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Wilmington.
Company Formation in Wilmington, Ohio
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Ohio, you don't necessarily have to incorporate in Ohio. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There's a lot to know about forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Corporate Formalities. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Wilmington, Ohio, our web page covering Incorporating in Ohio may be a useful resource if you decide to incorporate in Ohio.
Marketing Your New Venture
To rise above the crowd in Wilmington and advance your business, you need a solid marketing plan.
You can learn quite a bit about marketing on our site. Advertising on the Web is a good read to get your marketing creativity flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Increase Your Entrepreneurial Knowledge
Successful entrepreneurs know that they don't know everything.
With your business being located in Wilmington, Ohio, you should investigate some of the many programs available at nearby Ohio universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Wilmington entrepreneurs get together to network and trade their business experiences.
Next Steps
You have a dream -- starting a business in Wilmington. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Wilmington and throughout the United States . We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Wilmington, Ohio
Here are more links that we believe will help you be successful in starting a business in Wilmington.
- Resources for Wilmington, Ohio Entrepreneurs - Browse a variety of resources we've collected to assist Wilmington entrepreneurs.
- Ohio Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Ohio.
- Ohio Small Business Development Center - Whether you're starting your business, expanding your business, or just looking to stay in business, the Small Business Development Centers of Ohio (SBDCs of Ohio) can help with professional guidance by connecting you with research, financing sources, and training opportunities.
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