Opening A Business

Opening a business is an exciting journey! We’ve compiled a little guide to help you along the way.

  • Do your research!
    • It’s important to know exactly what you’re getting into when opening a business. Talk to other business owners to see what challenges they faced and what specific tasks they had to do in order to successfully open their business.
    • Know your demographics, saturation, and market interest for your type of business. You may love an idea, but you need to make sure that the customers in your area love the idea too.
  • Create a business plan.
    • There are lots of resources online to help you create the framework for your businesses.
    • A business plan is necessary before you talk to a bank or investors about financing your endeavor.
  • Create your financing plan.
    • Based of your business plan, you should have the numbers ready to create your business!
  • Register your business with the State of Ohio and Federal Government
  • Find a location for your business.
    • You may choose to work out of your home, rent an office space or buy a building.
      • If you choose to set up shop anywhere outside of your home in the City of Sidney, make sure to submit a use of compliance form. This registers your business with the City and starts the process of making sure you are in compliance with local regulations.
      • If you are opening up a restaurant, there are a few more steps to this process. Contact the City of Sidney, Shelby County Health Department, Sidney Fire Department to schedule appointments to understand what all needs to be accomplished to open your restaurant.
  • Once you have everything in place… OPEN UP FOR BUSINESS!

 

We hope this general guide will get you to the people and agencies you need to be successful. While not every single step is mapped out here, this is a great starting point for your business.

Starting a business is a lot of work, but so rewarding in the end!

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