New York Business Startup Guides

Open a Business in Lake Placid, New York

Need help starting a business in Lake Placid, New York? We've got the information you need to open a business in Lake Placid.

Are You Sure You Want to Do This?

Before quitting your day job, assess your entrepreneurial instincts and capabilities.

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:

  • Talk to other entrepreneurs in Lake Placid. Ask them candidly what it's like to run a business.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. 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 to Start

Choosing a business that is right for you is very important. We recommend that you read Business Ideas That Don't Make Sense.

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 How to Start an Auto Radiator Repair & Rebuilding Business guide or our Starting a Tennis Equipment & Supplies Wholesale & Manufacturers Business guide.

Don't forget that you are opening your new business in Lake Placid. The business you want to start may already be well-represented in Lake Placid. Study Lake Placid demographics and do a competitive analysis as part of your startup planning process.

Lake Placid, New York Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1182
5-9 Employees
510
10-19 Employees
282
20-49 Employees
114
50-99 Employees
54
100-249 Employees
36
250-499 Employees
0
500-999 Employees
0
1000+ Employees
0
All Lake Placid Businesses
2178

As a new Lake Placid entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lake Placid 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
Ambulance Services
1
Amusement and Theme Parks
1
Amusement Arcades
1
Art Dealers
1
Automotive Parts and Accessories Stores
1
Beauty Salons
5
Beer, Wine, and Liquor Stores
4
Book Stores
1
Bowling Centers
1
Business Associations
1
Caterers
1
Child and Youth Services
2
Child Day Care Services
3
Clothing Accessories Stores
1
Coin-Operated Laundries and Drycleaners
1
Community Food Services
1
Computer and Software Stores
1
Couriers
1
Credit Unions
1
Diet and Weight Reducing Centers
1
Electrical Contractors
6
Elementary and Secondary Schools
3
Employment Placement Agencies
1
Engineering Services
2
Family Clothing Stores
5
Fitness and Recreational Sports Centers
2
Floor Covering Stores
2
Full-Service Restaurants
27
Funeral Homes and Funeral Services
1
General Automotive Repair
1
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
15
Golf Courses and Country Clubs
1
Hardware Stores
1
Hobby, Toy, and Game Stores
2
Home Centers
1
Insurance Agencies and Brokerages
3
Investment Advice
1
Janitorial Services
1
Jewelry Stores
2
Land Subdivision
2
Lessors of Other Real Estate Property
1
Limited-Service Restaurants
11
Local Messengers and Local Delivery
1
Mail-Order Houses
1
Marketing Consulting Services
1
Masonry Contractors
1
Media Representatives
1
Motion Picture and Video Production
1
Motor Vehicle Towing
1
Museums
2
Musical Groups and Artists
1
News Dealers and Newsstands
1
Newspaper Publishers
1
Nursing Care Facilities
1
Offices of Chiropractors
1
Offices of Dentists
1
Offices of Lawyers
9
Offices of Other Holding Companies
1
Outdoor Power Equipment Stores
1
Painting and Wall Covering Contractors
2
Pet Care (except Veterinary) Services
1
Photography Studios, Portrait
1
Portfolio Management
2
Quick Printing
1
Residential Property Managers
1
Residential Remodelers
4
Retail Bakeries
2
Reupholstery and Furniture Repair
1
Securities Brokerage
2
Shoe Stores
4
Site Preparation Contractors
1
Skiing Facilities
2
Snack and Nonalcoholic Beverage Bars
4
Solid Waste Collection
1
Sporting Goods Stores
7
Taxi Service
2
Tile and Terrazzo Contractors
1
Used Car Dealers
2
Used Merchandise Stores
3
Vending Machine Operators
1
Wholesale Trade Agents and Brokers
1

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.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

There's one other important factor when naming a business. Since you are starting a business in Lake Placid, it's very important that you make sure no other New York company is using the business name you want to use.

Bring in Revenues

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Lake Placid or are selling to customers throughout New York, the United States or even the world, you have to be able to sell.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

Selling on the Phone is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Improving Your Entrepreneurial Skillset

The best business owners recognize that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Lake Placid, New York, you will want to take advantage of the learning programs at local New York educational institutions. It's also smart to see if there are any networking organizations for Lake Placid entrepreneurs.

Next Steps

You have a dream -- starting a business in Lake Placid. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Lake Placid and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Lake Placid 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 Lake Placid, New York

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

Starting-a-Business Guides for Other Cities in New York

Starting a Business in Lackawanna
Starting a Business in Latham

Browse All Business Startup Guides for New York
Starting a Business Guides for Other States

 

 

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