Are you starting a business in Leominster, Massachusetts? This article discusses the most important things to consider when opening a business in Leominster.
Are You Sure You Want to Do This?
An entrepreneurial life is demanding, much harder than working as an employee. Are you sure you are ready to take on this challenge?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Leominster. Ask them candidly what it's like to run a business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Leominster, Massachusetts Demographic Information
Leominster has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Leominster demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Leominster.
| Business Size | # of
Businesses |
| 1-4 Employees |
1663 |
| 5-9 Employees |
732 |
| 10-19 Employees |
489 |
| 20-49 Employees |
354 |
| 50-99 Employees |
138 |
| 100-249 Employees |
84 |
| 250-499 Employees |
12 |
| 500-999 Employees |
0 |
| 1000+ Employees |
3 |
| All Leominster Businesses |
3475 |
As a new Leominster entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Leominster 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 |
2 |
| Animal (except Poultry) Slaughtering |
1 |
| Appliance Repair and Maintenance |
1 |
| Apprenticeship Training |
1 |
| Automotive Glass Replacement Shops |
4 |
| Automotive Parts and Accessories Stores |
12 |
| Automotive Transmission Repair |
1 |
|
Beauty Salons |
11 |
| Beer and Ale Merchant Wholesalers |
1 |
| Beer, Wine, and Liquor Stores |
7 |
| Book Stores |
2 |
| Bowling Centers |
1 |
| Burial Casket Manufacturing |
1 |
| Cable and Other Program Distribution |
2 |
| Camera and Photographic Supplies Stores |
1 |
|
Car Washes |
2 |
| Carpet and Upholstery Cleaning Services |
1 |
| Child and Youth Services |
2 |
| Child Day Care Services |
11 |
| Children's and Infants' Clothing Stores |
2 |
| Civic and Social Organizations |
4 |
| Clothing Accessories Stores |
2 |
| Coin-Operated Laundries and Drycleaners |
1 |
|
Commercial Bakeries |
2 |
| Commercial Lithographic Printing |
6 |
| Computer and Software Stores |
2 |
| Computer Systems Design Services |
4 |
| Computer Training |
1 |
| Concrete Block and Brick Manufacturing |
1 |
| Confectionery Merchant Wholesalers |
1 |
| Consumer Lending |
1 |
|
Continuing Care Retirement Communities |
2 |
| Convenience Stores |
5 |
| Convention and Trade Show Organizers |
2 |
| Copper Wire (except Mechanical) Drawing |
1 |
| Couriers |
2 |
| Credit Unions |
9 |
| Custom Compounding of Purchased Resins |
3 |
| Custom Computer Programming Services |
7 |
|
Custom Roll Forming |
1 |
| Dental Laboratories |
1 |
| Diagnostic Imaging Centers |
1 |
| Diet and Weight Reducing Centers |
3 |
| Digital Printing |
1 |
| Direct Life Insurance Carriers |
1 |
| Direct Mail Advertising |
2 |
| Discount Department Stores |
1 |
|
Drinking Places (Alcoholic Beverages) |
10 |
| Drywall and Insulation Contractors |
3 |
| Electric Power Distribution |
2 |
| Electrical Contractors |
17 |
| Elementary and Secondary Schools |
2 |
| Emergency and Other Relief Services |
1 |
| Employment Placement Agencies |
1 |
| Engineering Services |
6 |
|
Exterminating and Pest Control Services |
2 |
| Fabric Coating Mills |
1 |
| Family Clothing Stores |
8 |
| Fine Arts Schools |
1 |
| Finish Carpentry Contractors |
4 |
| Fitness and Recreational Sports Centers |
7 |
| Floor Covering Stores |
3 |
| Florists |
5 |
|
Food (Health) Supplement Stores |
2 |
| Food Service Contractors |
3 |
| Formal Wear and Costume Rental |
2 |
| Framing Contractors |
8 |
| Freight Transportation Arrangement |
2 |
| Full-Service Restaurants |
35 |
| Funeral Homes and Funeral Services |
3 |
| Furniture Stores |
4 |
|
General Automotive Repair |
7 |
| General Freight Trucking, Local |
2 |
| General Medical and Surgical Hospitals |
1 |
| General Rental Centers |
1 |
| Gift, Novelty, and Souvenir Stores |
6 |
| Glass and Glazing Contractors |
1 |
| Golf Courses and Country Clubs |
1 |
| Graphic Design Services |
3 |
|
Hardware Merchant Wholesalers |
2 |
| Hardware Stores |
3 |
| Heating Oil Dealers |
4 |
| Hobby, Toy, and Game Stores |
4 |
| Home Centers |
1 |
| Home Furnishing Merchant Wholesalers |
2 |
| Home Health Care Services |
4 |
| Homes for the Elderly |
2 |
|
Household Appliance Stores |
3 |
| Industrial Building Construction |
2 |
| Industrial Mold Manufacturing |
12 |
| Insurance Agencies and Brokerages |
22 |
| Internet Service Providers |
1 |
| Interurban and Rural Bus Transportation |
1 |
| Investment Advice |
3 |
| Janitorial Services |
7 |
|
Jewelry Stores |
8 |
| Land Subdivision |
1 |
| Landscape Architectural Services |
1 |
| Landscaping Services |
20 |
| Language Schools |
1 |
| Lessors of Other Real Estate Property |
2 |
| Limited-Service Restaurants |
29 |
| Limousine Service |
1 |
|
Local Messengers and Local Delivery |
1 |
| Locksmiths |
1 |
| Machine Shops |
4 |
| Marketing Consulting Services |
3 |
| Masonry Contractors |
3 |
| Men's Clothing Stores |
1 |
| Mortgage and Nonmortgage Loan Brokers |
7 |
| Motion Picture and Video Production |
1 |
|
Motor Vehicle Towing |
2 |
| Motorcycle Dealers |
1 |
| Museums |
1 |
| Musical Groups and Artists |
2 |
| Musical Instrument and Supplies Stores |
1 |
| Nail Salons |
2 |
| Natural Gas Distribution |
2 |
| New Car Dealers |
6 |
|
New Housing Operative Builders |
2 |
| Newspaper Publishers |
1 |
| Nonclay Refractory Manufacturing |
1 |
| Nonresidential Property Managers |
3 |
| Nursing Care Facilities |
7 |
| Office Administrative Services |
2 |
| Office Equipment Merchant Wholesalers |
1 |
| Office Supplies and Stationery Stores |
2 |
|
Offices of Certified Public Accountants |
9 |
| Offices of Chiropractors |
6 |
| Offices of Dentists |
18 |
| Offices of Lawyers |
27 |
| Offices of Optometrists |
4 |
| Offices of Podiatrists |
2 |
| Offices of Real Estate Appraisers |
3 |
| Ophthalmic Goods Manufacturing |
1 |
|
Optical Goods Stores |
5 |
| Outdoor Power Equipment Stores |
2 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
2 |
| Payroll Services |
2 |
| Pet and Pet Supplies Stores |
1 |
| Pharmacies and Drug Stores |
7 |
| Photography Studios, Portrait |
1 |
|
Portfolio Management |
3 |
| Precision Turned Product Manufacturing |
1 |
| Private Mail Centers |
2 |
| Professional Organizations |
2 |
| Quick Printing |
1 |
| Real Estate Credit |
1 |
| Residential Property Managers |
6 |
| Residential Remodelers |
11 |
|
Retail Bakeries |
3 |
| Reupholstery and Furniture Repair |
1 |
| Roofing Contractors |
6 |
| Savings Institutions |
6 |
| Securities Brokerage |
4 |
| Security Guards and Patrol Services |
2 |
| Sheet Metal Work Manufacturing |
2 |
| Shoe Stores |
8 |
|
Siding Contractors |
2 |
| Sign Manufacturing |
1 |
| Site Preparation Contractors |
3 |
| Snack and Nonalcoholic Beverage Bars |
12 |
| Solid Waste Collection |
1 |
| Special Needs Transportation |
2 |
| Sporting Goods Stores |
5 |
| Sports and Recreation Instruction |
1 |
|
Steel Wire Drawing |
1 |
| Synthetic Rubber Manufacturing |
1 |
| Tax Preparation Services |
2 |
| Taxi Service |
1 |
| Telecommunications Resellers |
1 |
| Telephone Answering Services |
1 |
| Temporary Help Services |
11 |
| Testing Laboratories |
2 |
|
Tire Dealers |
4 |
| Title Abstract and Settlement Offices |
1 |
| Tobacco Stores |
1 |
| Travel Agencies |
3 |
| Truck Trailer Manufacturing |
1 |
| Used Car Dealers |
5 |
| Used Household and Office Goods Moving |
2 |
| Used Merchandise Stores |
1 |
|
Vending Machine Operators |
1 |
| Veterinary Services |
2 |
| Video Tape and Disc Rental |
2 |
| Vocational Rehabilitation Services |
1 |
| Warehouse Clubs and Supercenters |
1 |
| Water Supply and Irrigation Systems |
2 |
| Wholesale Trade Agents and Brokers |
3 |
| Wired Telecommunications Carriers |
1 |
|
Women's Clothing Stores |
13 |
| Wood Window and Door Manufacturing |
1 |
What About Franchising Opportunities?
As you drive around Leominster, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
Our recommendation is that you evaluate the possibility of your buying a franchise opportunity. This site has dozens of articles on franchising, such as Questions to Ask Franchisors. Become a franchising expert of sorts by reading more of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Whizard Academy for Mathematics and English and Accessible Home Health Care. Alternatively, you can browse franchise categories, such as Home Inspection Franchises and Print and Sign Franchises.
Note on Leominster Franchise Opportunities: To find out if a franchise you are interested in is available in Leominster, you will need to get in direct contact with the franchisor.
Make Sure You Have a Business Plan
A business plan is critical 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 is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Massachusetts.
Raising Money for Your Venture
Getting your Leominster business the capital it needs to succeed is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled How to Raise Money.
For Leominster entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Massachusetts Angel Investors and our List of Massachusetts Venture Capital Firms.
How to Sell
Do you know how to sell? In order to attract customers to your new Leominster business, you need to focus on sales.
Clever sales techniques can transform any business from good to great. The good news is we can help you to make selling a big competitve advantage for your new firm.
Hiring Good Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
As an entrepreneur in Leominster, 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 Leominster 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 Leominster, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Leominster.
- Resources for Leominster, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Leominster entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
- Leominster, Massachusetts Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Leominster, Massachusetts newspapers, including ad costs for newspapers serving the Leominster area.
- Leominster, Massachusetts Payroll Services - This list includes Leominster, Massachusetts payroll services, national payroll services for Leominster, and helpful information on choosing a Leominster payroll service.
- Leominster, Massachusetts Businesses for Sale - This list includes resources for buying a business in Leominster, Massachusetts, such as business brokers in Leominster and other helpful information on how to buy a Leominster business.
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