 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Entrepreneurial Resources | New York Entrepreneurs | New York Startup Guides | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
Starting a Business in Boston, New YorkThinking about starting a business in Boston, New York? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Boston.
Is Becoming a Business Owner Right for You? Being an entrepreneur is hard work, much harder than working as an employee. Are you sure you want to go into business for yourself? Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
What Business to Start Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Good Business Ideas. To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide. Don't forget that starting a business in Boston has some implications. The business you want to start may already be well-represented in Boston. Only by spending some time analyzing Boston demographics can you decide if there will be strong demand for your business idea. Boston, New York Demographic Information Boston has an active business community that includes small businesses, mid-sized businesses and large businesses. To give you a better feel for Boston demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Boston.
As a new Boston entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Boston 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.
What About Franchising Opportunities? As you drive around Boston, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you? Our advice is to look into purchasing a franchise. We have many articles on franchises, such as Five Franchise Opportunities To Watch. Become a franchising expert of sorts by reading more of our Articles on Franchising. To learn about specific franchise opportunities, check out our Franchise Directory. Representative franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises. Note on Boston Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Boston. Have You Considered Buying an Existing Boston Business? An excellent way to get started in business is to Buy a Business in New York. Follow that link and you may find several good businesses for sale in Boston. Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses. Naming the Company A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success. We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name. To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice. On a final note, given that you are opening a business in Boston, it's critical that you ensure that no other New York company is using the business name you want to use. Forming a Company in Boston, New York It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations. The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation. Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state. There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Boston, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York. Don't Skip the Business Plan A business plan is vital to the health of your new business. Indeed, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster. Before you start writing a business plan, we suggest you skim Business Plan Contests. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in New York. Raising Capital for Your Venture Getting your Boston business the capital it needs to succeed will be harder than you might expect. In fact, financing your new business may be the hardest challenge you ever face. Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Angel Investors. For Boston entrepreneurs who want to raise money for a new venture, check out our List of New York Angel Investors and our List of New York Venture Capital Firms. Promoting Your New Business To grow your Boston business, you'll need to have a good marketing plan. There are myriad resources on this site to help you with your marketing plan. Internet Advertising is an article that will stimulate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business. The Art of Selling Do you know how to sell? In order to attract customers to your new Boston business, you need to focus on sales. Not knowing how to sell can result in lost customers and minimal market share. Fortunately, we've got plenty of good advice to help you improve your selling skills. Writing Great Proposals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading. Increase Your Entrepreneurial Knowledge The best business owners recognize that they need to continually improve. With your business being located in Boston, New York, you will want to take advantage of the many programs available at nearby New York universities, colleges and community colleges. It's also smart to see if there are any networking groups or organizations in which Boston entrepreneurs get together to network and trade their business experiences. Moving Forward As an entrepreneur in Boston, you won't be working for the boss anymore. You are the boss. Owning your own business will be a daunting task, but you can do it. This site is all about helping entrepreneurs in Boston and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Boston 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 Boston, New York Here are more links that we believe will help you be successful in starting a business in Boston.
Starting a Business in Boonville Starting a Business in Brentwood Browse All Business Startup Guides for New York
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
