New York Business Startup Guides
Starting a Business in Haverstraw, New York
Thinking about starting a business in Haverstraw, New York? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Haverstraw.
Is Becoming an Entrepreneur Right for You?
Most new businesses do not succeed, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Speak with other entrepreneurs in Haverstraw. Get their take on what it's really like to be an entrepreneur.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Which Business to Choose?
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at How to Evaluate a Business Idea.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening an Employee Benefit & Compensation Plans Business guide or our Opening a Heat Treating Business guide.
Remember that you are starting a business in Haverstraw. Some businesses will do better in Haverstraw than others. Only by spending some time analyzing Haverstraw demographics can you decide if there will be strong demand for your business idea.
Haverstraw, New York Demographic Information
Haverstraw has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Haverstraw demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Haverstraw.
Businesses
As a new Haverstraw entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Haverstraw 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.
Businesses
Forming a Company in Haverstraw, New York
A critical step is ensuring 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 common way to legally create a business entity. 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. As it turns out, you are allowed to incorporate in any state you would like to. 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. To learn the basics of company formation, browse articles on our site, such as LLC Advantages. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Haverstraw, 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
Creating a business plan is critical in maximizing the prospects of your new company. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in New York.
Startup Financing Basics
Getting your Haverstraw business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.
Take advantage of our many articles on raising capital, such as How Equity Dilution Works.
For Haverstraw entrepreneurs who need startup capital, check out our List of New York Angel Investors and our List of New York Venture Capital Firms.
Promoting Your New Startup
To grow your Haverstraw business, having an excellent marketing plan is fundamental to your successs.
You can learn quite a bit about marketing on our site. Branding Advice discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Moving Forward
Most new Haverstraw businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Haverstraw and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Haverstraw 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 Haverstraw, New York
Here are more links that we believe will help you be successful in starting a business in Haverstraw.
- Resources for Haverstraw, New York Entrepreneurs - Browse a variety of resources we've collected to assist Haverstraw entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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