Starting a Business in Key Biscayne, Florida

Contemplating starting a business in Key Biscayne, Florida? We walk you through the process of opening a business in Key Biscayne.

Are You Sure You Want to Do This?

Most new companies fail, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, 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:

• Talk to other entrepreneurs in Key Biscayne. Ask them candidly what it's like to run a business.
• We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
• Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

What Business Are You Starting?

There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Free Business Ideas.

For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Museums Business guide or our Opening a Wastewater Control Equipment Business guide.

Always keep in mind that starting a business in Key Biscayne has some implications. Some businesses will do better in Key Biscayne than others. Only by spending some time analyzing Key Biscayne demographics can you decide if there will be strong demand for your business idea.

Key Biscayne, Florida Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	1115
5-9 Employees	189
10-19 Employees	126
20-49 Employees	51
50-99 Employees	12
100-249 Employees	6
250-499 Employees	6
500-999 Employees	3
1000+ Employees	0
All Key Biscayne Businesses	1508

As a new Key Biscayne entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Key Biscayne 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
Advertising Agencies	1
Architectural Services	1
Art Dealers	1
Beauty Salons	10
Beer and Ale Merchant Wholesalers	1
Beer, Wine, and Liquor Stores	1
Broadwoven Fabric Mills	1
Business Associations	2
Cable and Other Program Distribution	1
Cafeterias	1
Camera and Photographic Supplies Stores	1
Caterers	1
Child Day Care Services	2
Children's and Infants' Clothing Stores	1
Civic and Social Organizations	2
Claims Adjusting	1
Commercial Bakeries	1
Computer Systems Design Services	3
Convenience Stores	1
Credit Bureaus	1
Custom Computer Programming Services	4
Document Preparation Services	1
Drinking Places (Alcoholic Beverages)	1
Electrical Contractors	2
Elementary and Secondary Schools	3
Employment Placement Agencies	2
Engineering Services	2
Environmental Consulting Services	1
Family Clothing Stores	1
Farm Supplies Merchant Wholesalers	1
Fine Arts Schools	2
Fitness and Recreational Sports Centers	4
Flight Training	1
Florists	1
Food (Health) Supplement Stores	1
Footwear Merchant Wholesalers	1
Framing Contractors	1
Freight Transportation Arrangement	1
Full-Service Restaurants	15
Furniture Stores	1
Gift, Novelty, and Souvenir Stores	4
Grantmaking Foundations	1
Hardware Merchant Wholesalers	1
Hardware Stores	1
Hobby, Toy, and Game Stores	1
Home Furnishing Merchant Wholesalers	1
Inland Water Freight Transportation	1
Insurance Agencies and Brokerages	5
Interior Design Services	11
Investment Advice	3
Janitorial Services	1
Jewelry Stores	3
Lessors of Other Real Estate Property	1
Limited-Service Restaurants	8
Limousine Service	1
Luggage and Leather Goods Stores	1
Marinas	4
Marketing Consulting Services	12
Media Buying Agencies	1
Media Representatives	1
Men's Clothing Stores	1
Mortgage and Nonmortgage Loan Brokers	2
Motion Picture and Video Production	3
New Housing Operative Builders	2
Newspaper Publishers	2
Nonresidential Property Managers	2
Office Administrative Services	5
Offices of Certified Public Accountants	5
Offices of Dentists	4
Offices of Lawyers	9
Offices of Optometrists	2
Offices of Other Holding Companies	1
Open-End Investment Funds	1
Painting and Wall Covering Contractors	1
Parking Lots and Garages	2
Passenger Car Rental	1
Periodical Publishers	1
Pet Care (except Veterinary) Services	1
Pharmacies and Drug Stores	3
Portfolio Management	3
Private Mail Centers	2
Professional Employer Organizations	1
Professional Organizations	2
Public Relations Agencies	3
Real Estate Credit	4
Recreational Goods Rental	2
Residential Property Managers	6
Residential Remodelers	4
Retail Bakeries	1
Savings Institutions	3
Securities Brokerage	2
Security Guards and Patrol Services	2
Snack and Nonalcoholic Beverage Bars	4
Software Publishers	1
Special Needs Transportation	1
Sporting Goods Stores	4
Sports and Recreation Instruction	5
Tour Operators	1
Translation and Interpretation Services	1
Travel Agencies	4
Vending Machine Operators	1
Veterinary Services	2
Video Tape and Disc Rental	2
Wholesale Trade Agents and Brokers	7
Wired Telecommunications Carriers	1
Women's Clothing Stores	6

What About Franchising Opportunities?

As you drive around Key Biscayne, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We highly recommend you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Scams. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Palm Beach Specialty Coffee and Booster Juice. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.

Note on Key Biscayne Franchise Opportunities: To find out if a franchise you are interested in is available in Key Biscayne, you will need to get in direct contact with the franchisor.

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

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.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

On a final note, given that you are planning on starting a business in Key Biscayne, it's imperative that you check now that you will be the only Florida company using the business name you have chosen.

Raising Funding for Your Venture

Finding the funds to fuel the growth of your Key Biscayne 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 raising money, such as 504 Loans.

For Key Biscayne entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Florida Angel Investors and our List of Florida Venture Capital Firms.

Selling Tips

Mastering the art of selling is a must if you want your new Key Biscayne business to do well.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Sales Training offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Next Steps

Most new Key Biscayne 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.

This site is all about helping entrepreneurs in Key Biscayne and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Key Biscayne, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Key Biscayne, Florida

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

• Resources for Key Biscayne, Florida Entrepreneurs - Browse a variety of resources we've collected to assist Key Biscayne entrepreneurs.
• Florida Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Florida.
• Florida Small Business Development Center - The Florida Small Business Development Center Network (FSBDCN) is a statewide economic development partnership between higher education and other stakeholder organizations dedicated to providing entrepreneurs and established businesses with the assistance needed to start, grow and succeed, contributing to the Florida economy.
• Key Biscayne, Florida Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Key Biscayne, Florida newspapers, including ad costs for newspapers serving the Key Biscayne area.

More Startup Articles for Florida Cities
Starting a Business in Jupiter
Starting a Business in Key Largo

Browse All Business Startup Guides for Florida