Open a Business in Denton, North Carolina

Are you starting a business in Denton, North Carolina? This article discusses the most important things to consider when opening a business in Denton.

Are You Sure You Want to Do This?

Most new businesses fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

Here are three things we recommend you do before you fully commit to starting a new business of your own.

Talk to other entrepreneurs in Denton. Ask them candidly what it's like to run a business.
We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Denton, North Carolina Demographic Information

Denton has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Denton demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Denton.

Business Size	# of Businesses
1-4 Employees	2051
5-9 Employees	609
10-19 Employees	420
20-49 Employees	168
50-99 Employees	21
100-249 Employees	63
250-499 Employees	0
500-999 Employees	0
1000+ Employees	0
All Denton Businesses	3332

As a new Denton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Denton 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.

Business Type	# of Businesses
Automotive Parts and Accessories Stores	2
Child Day Care Services	1
Commercial Flexographic Printing	1
Continuing Care Retirement Communities	1
Cut Stock, Resawing Lumber, and Planing	1
Diagnostic Imaging Centers	1
Dimension Stone Mining and Quarrying	1
Electrical Contractors	7
Engineering Services	1
Fitness and Recreational Sports Centers	2
Full-Service Restaurants	5
Funeral Homes and Funeral Services	1
Furniture Merchant Wholesalers	1
Furniture Stores	3
General Automotive Repair	4
General Freight Trucking, Local	1
Hardware Manufacturing	1
Hardware Stores	1
Heating Oil Dealers	1
Historical Sites	1
Home Centers	1
Insurance Agencies and Brokerages	3
Janitorial Services	1
Jewelry Stores	1
Land Subdivision	1
Landscaping Services	4
Limited-Service Restaurants	2
Logging	6
Machine Shops	1
Newspaper Publishers	1
Nursing Care Facilities	1
Offices of Dentists	2
Offices of Lawyers	1
Offices of Optometrists	1
Outdoor Power Equipment Stores	1
Painting and Wall Covering Contractors	2
Pet Care (except Veterinary) Services	1
Pharmacies and Drug Stores	2
Residential Remodelers	2
Roofing Contractors	1
Sawmills	2
Sheer Hosiery Mills	1
Siding Contractors	1
Site Preparation Contractors	1
Snack and Nonalcoholic Beverage Bars	1
Software Publishers	1
Sporting Goods Stores	1
Tire and Tube Merchant Wholesalers	1
Tire Dealers	1
Truck Trailer Manufacturing	1
Used Car Dealers	1
Video Tape and Disc Rental	1
Wholesale Trade Agents and Brokers	2
Wired Telecommunications Carriers	1
Wood Container and Pallet Manufacturing	1

Should You Franchise?

As you drive around Denton, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as Franchise Tradeshows. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Xtreme Sports Photography and Hampton Inn/Hampton Inn & Suites. Alternatively, you can browse franchise categories, such as Rental Franchises and Hotel and Motel Franchises.

Note on Denton Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Denton.

What About Buying an Existing Denton Business?

An excellent way to get started in business is to Buy a Business in North Carolina. Follow that link and you may find several good businesses for sale in Denton.

Before buying a business, be sure to read this article: Buying a Business.

Forming a Company in Denton, North Carolina

It's essential that you form your business as a legal structure. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. As it turns out, you are allowed to incorporate in the state of your choosing. 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 Why Incorporate in Delaware. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Denton, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.

Getting Money to Start a Business

Getting your Denton business the capital it needs to succeed is a difficult chore. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on securing funding, such as Business Cash Advances.

For Denton entrepreneurs who want to raise money for a new venture, check out our List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.

How to Improve Your Entrepreneurial Abilities

Successful entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Denton, North Carolina, you will want to take advantage of the many programs available at nearby North Carolina universities, colleges and community colleges. It's also wise to see if there are any Denton networking organizations.

Next Steps

Most new Denton businesses underestimate the number of challenges they will face.

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Denton businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Denton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Denton, North Carolina

Here are more links that we believe will help you be successful in starting a business in Denton.

Resources for Denton, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Denton entrepreneurs.
North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
North Carolina Small Business Development Center - The North Carolina Small Business and Technology Development Center (SBTDC) helps small business owners meet the challenges of today's business environment. To do this, they provide management counseling and educational services to small and mid-sized businesses throughout North Carolina.
Denton, North Carolina Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Denton, North Carolina newspapers, including ad costs for newspapers serving the Denton area.

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