Are you starting a business in New Castle, Delaware? This article discusses the most important things to consider when opening a business in New Castle.
Are You Ready for the Challenges of Being an Entrepreneur?
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:
- Reach out to other entrepreneurs in New Castle. Listen closely to their experiences and see if you think you too can be successful.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
New Castle, Delaware Demographic Information
New Castle has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for New Castle demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in New Castle.
| Business Size | # of
Businesses |
| 1-4 Employees |
11076 |
| 5-9 Employees |
4356 |
| 10-19 Employees |
3918 |
| 20-49 Employees |
3114 |
| 50-99 Employees |
1476 |
| 100-249 Employees |
774 |
| 250-499 Employees |
216 |
| 500-999 Employees |
144 |
| 1000+ Employees |
36 |
| All New Castle Businesses |
25110 |
As a new New Castle entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New Castle 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 |
2 |
| Ambulance Services |
2 |
| Apprenticeship Training |
1 |
| Architectural Services |
3 |
| Automotive Exhaust System Repair |
1 |
| Automotive Parts and Accessories Stores |
10 |
| Automotive Transmission Repair |
2 |
| Baked Goods Stores |
2 |
| Barber Shops |
1 |
| Beauty Salons |
9 |
| Beer and Ale Merchant Wholesalers |
1 |
| Beer, Wine, and Liquor Stores |
17 |
| Boat Dealers |
2 |
| Book Stores |
1 |
| Bowling Centers |
1 |
| Building Inspection Services |
1 |
| Business Associations |
4 |
| Cable and Other Program Distribution |
7 |
| Car Washes |
6 |
| Carpet and Rug Mills |
1 |
| Carpet and Upholstery Cleaning Services |
3 |
| Caterers |
2 |
| Cellulosic Organic Fiber Manufacturing |
1 |
| Cemeteries and Crematories |
1 |
| Child and Youth Services |
6 |
| Child Day Care Services |
16 |
| Children's and Infants' Clothing Stores |
1 |
| Civic and Social Organizations |
5 |
| Clothing Accessories Stores |
1 |
| Coin-Operated Laundries and Drycleaners |
4 |
| Collection Agencies |
2 |
| Commercial Lithographic Printing |
2 |
| Commercial Screen Printing |
3 |
| Commodity Contracts Brokerage |
1 |
| Computer Systems Design Services |
7 |
| Computer Training |
1 |
| Concrete Block and Brick Manufacturing |
1 |
| Consumer Lending |
11 |
| Convenience Stores |
9 |
| Couriers |
4 |
| Credit Card Issuing |
1 |
| Credit Unions |
9 |
| Custom Computer Programming Services |
11 |
| Dental Laboratories |
1 |
| Diagnostic Imaging Centers |
1 |
| Digital Printing |
1 |
| Direct Mail Advertising |
2 |
| Discount Department Stores |
2 |
| Display Advertising |
1 |
| Document Preparation Services |
1 |
| Drinking Places (Alcoholic Beverages) |
6 |
| Drywall and Insulation Contractors |
4 |
| Educational Support Services |
1 |
| Electrical Contractors |
19 |
| Electronic Shopping |
2 |
| Elementary and Secondary Schools |
1 |
| Employment Placement Agencies |
2 |
| Engineering Services |
7 |
| Environmental Consulting Services |
4 |
| Exterminating and Pest Control Services |
4 |
| Facilities Support Services |
2 |
| Family Clothing Stores |
1 |
| Fine Arts Schools |
1 |
| Finish Carpentry Contractors |
10 |
| Fish and Seafood Markets |
1 |
| Fitness and Recreational Sports Centers |
6 |
| Flight Training |
1 |
| Floor Covering Stores |
4 |
| Flooring Contractors |
3 |
| Florists |
3 |
| Food (Health) Supplement Stores |
2 |
| Food Service Contractors |
10 |
| Framing Contractors |
2 |
| Freight Transportation Arrangement |
3 |
| Fruit and Vegetable Markets |
2 |
| Full-Service Restaurants |
35 |
| Funeral Homes and Funeral Services |
3 |
| Furniture Merchant Wholesalers |
3 |
| Furniture Stores |
7 |
| General Automotive Repair |
22 |
| General Freight Trucking, Local |
8 |
| General Warehousing and Storage |
13 |
| Gift, Novelty, and Souvenir Stores |
4 |
| Hardware Merchant Wholesalers |
3 |
| Hardware Stores |
3 |
| Hazardous Waste Collection |
1 |
| Heating Oil Dealers |
2 |
| Heavy Duty Truck Manufacturing |
1 |
| Historical Sites |
2 |
| Home Centers |
2 |
| Home Furnishing Merchant Wholesalers |
5 |
| Home Health Care Services |
6 |
| Household Appliance Stores |
2 |
| Insurance Agencies and Brokerages |
6 |
| International Trade Financing |
2 |
| Interurban and Rural Bus Transportation |
1 |
| Investigation Services |
2 |
| Janitorial Services |
16 |
| Jewelry Stores |
2 |
| Land Subdivision |
1 |
| Landscaping Services |
14 |
| Limited-Service Restaurants |
37 |
| Limousine Service |
2 |
| Linen Supply |
2 |
| Local Messengers and Local Delivery |
1 |
| Locksmiths |
1 |
| Machine Shops |
4 |
| Mail-Order Houses |
6 |
| Marine Cargo Handling |
1 |
| Marketing Consulting Services |
4 |
| Masonry Contractors |
12 |
| Materials Recovery Facilities |
1 |
| Meat Markets |
3 |
| Medical Laboratories |
2 |
| Miscellaneous Intermediation |
1 |
| Mobile Food Services |
1 |
| Mortgage and Nonmortgage Loan Brokers |
3 |
| Motion Picture and Video Production |
1 |
| Motor Vehicle Towing |
6 |
| Motorcycle Dealers |
5 |
| Nail Salons |
2 |
| Navigational Services to Shipping |
2 |
| New Car Dealers |
11 |
| New Housing Operative Builders |
1 |
| News Dealers and Newsstands |
1 |
| Newspaper Publishers |
2 |
| Nonclay Refractory Manufacturing |
2 |
| Nonresidential Property Managers |
4 |
| Nursing Care Facilities |
2 |
| Office Administrative Services |
7 |
| Office Equipment Merchant Wholesalers |
1 |
| Office Supplies and Stationery Stores |
1 |
| Offices of Bank Holding Companies |
2 |
| Offices of Certified Public Accountants |
3 |
| Offices of Chiropractors |
4 |
| Offices of Dentists |
3 |
| Offices of Lawyers |
4 |
| Offices of Optometrists |
2 |
| Offices of Other Holding Companies |
8 |
| Offices of Real Estate Appraisers |
1 |
| One-Hour Photofinishing |
1 |
| Optical Goods Stores |
2 |
| Paging |
1 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
8 |
| Passenger Car Rental |
1 |
| Payroll Services |
1 |
| Periodical Publishers |
1 |
| Pet and Pet Supplies Stores |
1 |
| Pet Care (except Veterinary) Services |
2 |
| Petroleum Bulk Stations and Terminals |
1 |
| Pharmacies and Drug Stores |
6 |
| Photography Studios, Portrait |
2 |
| Political Organizations |
1 |
| Portfolio Management |
7 |
| Precision Turned Product Manufacturing |
1 |
| Printing Ink Manufacturing |
1 |
| Professional Employer Organizations |
1 |
| Professional Organizations |
1 |
| Ready-Mix Concrete Manufacturing |
2 |
| Real Estate Credit |
4 |
| Real Estate Investment Trusts |
2 |
| Recreational Vehicle Dealers |
1 |
| Refrigerated Warehousing and Storage |
2 |
| Remediation Services |
2 |
| Residential Property Managers |
1 |
| Residential Remodelers |
12 |
| Reupholstery and Furniture Repair |
3 |
| Roofing Contractors |
3 |
| Sales Financing |
5 |
| Savings Institutions |
3 |
| School and Employee Bus Transportation |
2 |
| Securities Brokerage |
5 |
| Security Guards and Patrol Services |
1 |
| Septic Tank and Related Services |
1 |
| Shoe Stores |
3 |
| Siding Contractors |
1 |
| Sign Manufacturing |
2 |
| Site Preparation Contractors |
4 |
| Snack and Nonalcoholic Beverage Bars |
9 |
| Software Publishers |
1 |
| Solid Waste Collection |
5 |
| Solid Waste Landfill |
3 |
| Special Needs Transportation |
1 |
| Sporting Goods Stores |
4 |
| Sports and Recreation Instruction |
1 |
| Surface Active Agent Manufacturing |
1 |
| Tax Preparation Services |
6 |
| Telemarketing Bureaus |
2 |
| Temporary Help Services |
27 |
| Testing Laboratories |
2 |
| Tile and Terrazzo Contractors |
1 |
| Tire Dealers |
5 |
| Tobacco Stores |
5 |
| Used Car Dealers |
8 |
| Used Household and Office Goods Moving |
4 |
| Used Merchandise Stores |
2 |
| Vending Machine Operators |
2 |
| Veterinary Services |
1 |
| Video Tape and Disc Rental |
2 |
| Vocational Rehabilitation Services |
1 |
| Voluntary Health Organizations |
3 |
| Warehouse Clubs and Supercenters |
1 |
| Wholesale Trade Agents and Brokers |
5 |
| Wired Telecommunications Carriers |
2 |
| Women's Clothing Stores |
1 |
Is Franchising a Better Option?
Examine a list of New Castle businesses and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. So, it probably makes sense for you to consider franchising too.
We advise the entrepreneurs we work with to look into purchasing a franchise. We have many articles on franchises, such as Detecting Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Hair Cuttery and HIT Sports Training Franchises. Alternatively, you can browse franchise categories, such as Dollar Store Franchises and Dry Cleaning & Laundry Franchises.
Note on New Castle Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in New Castle.
Have You Considered Buying an Existing New Castle Business?
We've created a helpful website page for those who want to Buy a Business in Delaware. Follow that link and you can review several good businesses for sale in New Castle.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Choosing 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 should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Naming a Company.
There's one other important factor when naming a business. Since you are starting a business in New Castle, it's very important that you make sure you will be the only Delaware company using the business name you have chosen.
Company Formation in New Castle, Delaware
A critical step is ensuring that you form your business as a legal structure. Doing so will shield you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Delaware, you don't necessarily have to incorporate in Delaware. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Piercing the Corporate Veil. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in New Castle, Delaware, our information on Incorporating in Delaware may be a useful resource if you decide to incorporate in Delaware.
Never Give Up
You have a dream -- starting a business in New Castle. 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.
Our goal here is to promote the vitality and growth of small businesses in New Castle and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in New Castle, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in New Castle, Delaware
Here are more links that we believe will help you be successful in starting a business in New Castle.
More Business Startup Guides for Delaware
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