New Jersey Business Startup Guides
Start a Business in Jersey City, New Jersey
Are you starting a business in Jersey City, New Jersey? This article discusses the most important things to consider when opening a business in Jersey City.
Are You Sure You Want to Do This?
An entrepreneurial life is demanding, much harder than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Grab a meal or cofee with other entrepreneurs in Jersey City. Ask them candidly what it's like to run a business.
- Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Reach out to a trusted acquaintance. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Jersey City, New Jersey Demographic Information
Jersey City has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Jersey City demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Jersey City.
Businesses
As a new Jersey City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Jersey City 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
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
As a final piece of advice, remember that because you are planning on starting a business in Jersey City, it's critical that you ensure that your company name has not already been claimed by another New Jersey business.
Forming a Company in Jersey City, New Jersey
It's very important that you are forming a legal entity that operates independently from you. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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 New Jersey, you don't necessarily have to incorporate in New Jersey. As it turns out, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Company Formation. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Jersey City, New Jersey, our web page covering Incorporating in New Jersey may be a useful resource if you decide to incorporate in New Jersey.
Getting Money to Start a Business
Raising money to fund your new Jersey City business requires strong organization skills and perseverance. 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 Realistic Debt Financing Options.
For Jersey City entrepreneurs on the hunt for startup funding, check out our List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
Learning More About Entrepreneurship
The best entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Jersey City, New Jersey, you should get information on some of the learning programs at local New Jersey educational institutions. You should also check if there are any networking groups or organizations in which Jersey City entrepreneurs get together to network and trade their business experiences.
Next Steps
As an entrepreneur in Jersey City, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Jersey City and throughout the United States . We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Jersey City, New Jersey
Here are more links that we believe will help you be successful in starting a business in Jersey City.
- Resources for Jersey City, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Jersey City entrepreneurs.
- New Jersey Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Jersey.
- New Jersey Small Business Development Center - The New Jersey Small Business Development Centers (NJSBDC) network helps New Jersey small businesses expand operations, manage growth or launch new ventures. With offices in every county of the state, NJSBDC consultants help small business owners finance, market and manage their ventures.
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