Opening a Business in Lebanon, New Jersey

Are you starting a business in Lebanon, New Jersey? This article discusses the most important things to consider when opening a business in Lebanon.

Do You Have What It Takes?

Running your own business is demanding, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

• Talk to other entrepreneurs in Lebanon. Get their candid feedback on what it takes to start a successful 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

What Type of Business Should You Start?

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to 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 How to Start an Animal Specialty Business guide or our How to Start a Computer Stores Business guide.

Remember that starting a business in Lebanon has some implications. Some businesses will do better in Lebanon than others. Don't forget to review Lebanon demographics to see if there's a market for what you want to sell.

Lebanon, New Jersey Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	9366
5-9 Employees	3024
10-19 Employees	966
20-49 Employees	798
50-99 Employees	210
100-249 Employees	126
250-499 Employees	126
500-999 Employees	0
1000+ Employees	0
All Lebanon Businesses	14616

As a new Lebanon entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lebanon 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
Architectural Services	3
Baked Goods Stores	1
Beauty Salons	3
Bed-and-Breakfast Inns	1
Beer, Wine, and Liquor Stores	1
Business to Business Electronic Markets	1
Camera and Photographic Supplies Stores	1
Cheese Manufacturing	1
Child Day Care Services	7
Computer and Software Stores	1
Computer Systems Design Services	7
Convenience Stores	1
Convention and Trade Show Organizers	1
Couriers	1
Credit Unions	1
Custom Computer Programming Services	10
Digital Printing	1
Direct Life Insurance Carriers	3
Directory and Mailing List Publishers	1
Document Preparation Services	1
Drafting Services	1
Drinking Places (Alcoholic Beverages)	1
Educational Support Services	2
Electrical Contractors	4
Employment Placement Agencies	1
Engineering Services	8
Environmental Consulting Services	1
Family Clothing Stores	1
Fertilizer (Mixing Only) Manufacturing	1
Fine Arts Schools	2
Finish Carpentry Contractors	6
Fitness and Recreational Sports Centers	4
Floor Covering Stores	1
Florists	1
Food (Health) Supplement Stores	1
Food Service Contractors	2
Freight Transportation Arrangement	3
Full-Service Restaurants	6
Funeral Homes and Funeral Services	1
Furniture Stores	1
General Automotive Repair	2
General Freight Trucking, Local	2
Gift, Novelty, and Souvenir Stores	1
Grantmaking Foundations	1
Hardware Stores	1
Home Health Care Services	1
Household Appliance Stores	1
Human Rights Organizations	1
Insurance Agencies and Brokerages	3
Janitorial Services	1
Landscape Architectural Services	1
Landscaping Services	12
Limited-Service Restaurants	9
Limousine Service	2
Mail-Order Houses	1
Marketing Consulting Services	5
Masonry Contractors	1
Meat Markets	1
Media Representatives	1
Motion Picture and Video Production	2
Motor Vehicle Towing	1
Motorcycle Dealers	1
Nail Salons	2
New Car Dealers	1
New Housing Operative Builders	2
Nursing Care Facilities	1
Office Administrative Services	1
Office Equipment Merchant Wholesalers	1
Offices of Certified Public Accountants	1
Offices of Chiropractors	3
Offices of Dentists	7
Offices of Lawyers	5
Offices of Optometrists	1
Offices of Podiatrists	1
Ophthalmic Goods Merchant Wholesalers	1
Packaging Machinery Manufacturing	2
Painting and Wall Covering Contractors	2
Periodical Publishers	1
Pet and Pet Supplies Stores	1
Pet Care (except Veterinary) Services	3
Photography Studios, Portrait	1
Portfolio Management	1
Professional Organizations	1
Public Relations Agencies	2
Railroad Rolling Stock Manufacturing	1
Real Estate Credit	1
Recreational Goods Rental	1
Recreational Vehicle Dealers	1
Residential Property Managers	3
Residential Remodelers	7
Reupholstery and Furniture Repair	1
Roofing Contractors	2
School and Employee Bus Transportation	1
Securities Brokerage	1
Shoe Stores	1
Siding Contractors	2
Site Preparation Contractors	2
Snack and Nonalcoholic Beverage Bars	1
Software Publishers	1
Sporting Goods Stores	1
Sports and Recreation Instruction	2
Tax Preparation Services	1
Temporary Help Services	1
Tile and Terrazzo Contractors	1
Title Abstract and Settlement Offices	1
Veterinary Services	2
Wholesale Trade Agents and Brokers	5
Women's Clothing Stores	1

Selecting a Name For Your Venture

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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

For other considerations regarding naming a company, we recommend this article: Naming a Company.

On a final note, given that you are opening a business in Lebanon, it's critical that you ensure that no other New Jersey company is using the business name you want to use.

The Role of the Business Plan

Having a business plan is essential to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan makes you more prone to becoming a business failure statistic.

Before you start writing a business plan, we suggest you skim Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in New Jersey.

Startup Financing Basics

Getting your Lebanon 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 raising capital, such as 504 Loans.

For Lebanon entrepreneurs with great ambition but a shortage of investment capital, check out our List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.

Now It's Up To You

As an entrepreneur in Lebanon, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Lebanon and elsewhere to achieve real success. 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 Lebanon, New Jersey

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

• Resources for Lebanon, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Lebanon 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.
• Lebanon, New Jersey Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Lebanon, New Jersey newspapers, including ad costs for newspapers serving the Lebanon area.

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