Startups
Interested in Startups?
Are you ready to put your ideas into action and investigate the reality of starting up your own business? Are you caught-up in "Which comes first, chicken or egg" issues? The Wyoming Small Business Development Center (SBDC) Network is here to help. Our startup services will help you make the right decisions and find resources to get your new business up and running. One-on-one advising with our expert staff members will help make your transition into business as successful as possible.
"[My local advisor] was a tremendous help to take my idea and develop it into a business plan that allowed me to obtain funding and realize my dream of owning my own shop."
Saxen Branham
Owner, His and Hers
How We Can Help
The Wyoming SBDC Network provides comprehensive support for startups and entrepreneurs
Is there a market for my product or service?
The Wyoming SBDC Network's Market Research Center (MRC) has access to numerous national and international databases that can help you make informed decisions. MRC services are available at no cost to those looking to start a business in Wyoming.
What financing methods are available to startups?
Our experienced team will help you through the maze of financing possibilities, including direct bank loans, SBA guaranteed loans, SBA 504 loans, venture capital, microloans, crowdfunding, and more. We will help you select the financing resource that best fits your situation.
Do I need a business plan?
Business plans not only serve as the basis of your strategies, but also help to obtain financing from bank loans or investors. Wyoming SBDC Network advisors will provide a business plan outline, financial spreadsheets, and a sample template to help you write your plan. Once you have your ideas down on paper, we will help every step of the way to create the best plan possible.
What legal issues will I encounter?
We will introduce you to the various alternatives for business structure and advise you about the pros and cons of each selection. We can also familiarize you with other legal requirements for your business such as sales tax, employment registrations, estimated federal taxes, and specific licenses for certain types of businesses.
How should I market my product/service?
Wyoming SBDC Network staff will help you weigh the alternatives: social media, paid online ads, individual website, traditional media, public relations, trade shows, and more. We can also provide a website analysis and analyze your social media presence.
What records should I keep?
We have a QuickBooks Pro advisor on staff. He is also familiar with other electronic and paper recordkeeping systems. He can help you decide what system to use, help you set-up your accounts initially, and answer questions once you are up and running.
What if I need more help in the future?
The Wyoming SBDC Network will offer no-cost assistance for the entire life of your business. We will always do our best to help, whether you are in the startup phase, looking to grow, having problems, or looking to sell or transition your company to another owner. If we are not the best resource for you, we will do our best to find someone who is.
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