© 2019 by Stacie Schmidt

resources for entrepreneurship

Steps to Start-Up

Plan for Success

  • Get your ideas on paper!  Brainstorm, scribble, dream, and write!  

  • Talk with your lawyer to check laws and regulations

  • Draft a business plan

  • Market research

  • Financial planning consultation

  • Choose business structure

Take Action

  • Pursue financing

  • Find a business location

  • Organize bookkeeping systems or hire a CPA

  • Fulfill tax, local ordinance, and structure responsibilities

  • Hire and document employees

  • Create a website and marketing plan

  • Launch advertising

Support for Growth

  • Find a mentor

  • Join the Ellsworth Area Chamber of Commerce and learn about networking opportunities

  • Attend networking activities such as NexGen Ellsworth County

  • Hire a CPA to handle your finances more strategically

  • If you struggle, ask for help. 50% of small businesses fail within the first 5 years due to lack of experience, insufficient capital, poor location, poor processes, and poor marketing efforts.

Resources Key

Financing

Workforce 

Incentives/Growth

Business Planning

Mentor

Resources

Additional resources are available for industry specific needs and different pathways for success.  Ellsworth County Economic Development is your conduit for information and guidance throughout the process.

Plan Your Next Phase

  • Believe it or not, it's never too early to start planning your retirement. A strong plan will allow you to have a strong business valuation, and take the profits with you into your next phase of life.

  • Work with your financial planner

  • Identify your successor, or work with Smoky Hill Development Corporation to locate one