Starting a Business in Lexington, Massachusetts

Thinking about starting a business in Lexington, Massachusetts? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lexington.

Lexington, Massachusetts Demographic Information

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

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

As a new Lexington entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lexington 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.

Is Franchising a Better Option?

As you drive around Lexington, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as Growth Trends in Franchising. 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 SeaMaster Cruises and SuperGlass Windshield Repair. Alternatively, you can browse franchise categories, such as Sports Franchises and Carpet Retail Franchises.

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

Have You Considered Buying an Existing Lexington Business?

An excellent way to get started in business is to Buy a Business in Massachusetts. Follow that link and you can review several good businesses for sale in Lexington.

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Picking a Company Name

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.

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

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

As a final piece of advice, remember that because you are planning on starting a business in Lexington, it's very important that you make sure you will be the only Massachusetts company using the business name you have chosen.

Don't Skip the Business Plan

A business plan is critical in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Business Plan Outsourcing. You can also get face-to-face free consulting available from your local SCORE chapter in Massachusetts.

Startup Financing Basics

Finding the funds to fuel the growth of your Lexington business is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on raising capital, such as SBIR Funding.

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

What's Next?

You have a dream -- starting a business in Lexington. 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 Lexington 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 Lexington, Massachusetts

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

• Resources for Lexington, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Lexington 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.
• Lexington, Massachusetts Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Lexington, Massachusetts newspapers, including ad costs for newspapers serving the Lexington area.
• Lexington, Massachusetts Payroll Services - This list includes Lexington, Massachusetts payroll services, national payroll services for Lexington, and helpful information on choosing a Lexington payroll service.
• Lexington, Massachusetts Businesses for Sale - This list includes resources for buying a business in Lexington, Massachusetts, such as business brokers in Lexington and other helpful information on how to buy a Lexington business.