Opening a Business in New Martinsville, West Virginia

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

Are You Sure You Want to Do This?

Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.

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

• Talk to other entrepreneurs in New Martinsville. Ask them candidly what it's like to run a business.
• We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
• Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

New Martinsville, West Virginia Demographic Information

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

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

Business Size	# of Businesses
1-4 Employees	404
5-9 Employees	207
10-19 Employees	120
20-49 Employees	51
50-99 Employees	21
100-249 Employees	3
250-499 Employees	3
500-999 Employees	6
1000+ Employees	0
All New Martinsville Businesses	815

As a new New Martinsville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New Martinsville 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
Alkalies and Chlorine Manufacturing	1
Automotive Glass Replacement Shops	2
Automotive Parts and Accessories Stores	3
Beauty Salons	3
Beer and Ale Merchant Wholesalers	1
Beer, Wine, and Liquor Stores	1
Bowling Centers	1
Cable and Other Program Distribution	2
Cafeterias	2
Cemeteries and Crematories	2
Child Day Care Services	1
Civic and Social Organizations	2
Coin-Operated Laundries and Drycleaners	2
Construction Sand and Gravel Mining	1
Consumer Lending	1
Couriers	1
Credit Unions	1
Custom Computer Programming Services	1
Drinking Places (Alcoholic Beverages)	2
Electrical Contractors	2
Exterminating and Pest Control Services	1
Family Clothing Stores	1
Fitness and Recreational Sports Centers	2
Floor Covering Stores	1
Florists	2
Food (Health) Supplement Stores	1
Food Service Contractors	1
Full-Service Restaurants	8
Funeral Homes and Funeral Services	2
Furniture Stores	1
General Automotive Repair	2
General Medical and Surgical Hospitals	1
General Rental Centers	2
Gift, Novelty, and Souvenir Stores	2
Hardware Stores	3
Household Appliance Stores	1
Industrial Building Construction	1
Industrial Gas Manufacturing	1
Insurance Agencies and Brokerages	6
Iron Foundries	2
Jewelry Stores	1
Kidney Dialysis Centers	1
Landscaping Services	1
Limited-Service Restaurants	11
Manufactured (Mobile) Home Dealers	1
Masonry Contractors	1
Men's Clothing Stores	1
Musical Instrument and Supplies Stores	1
New Car Dealers	6
Newspaper Publishers	1
Nursing Care Facilities	1
Office Supplies and Stationery Stores	2
Offices of Certified Public Accountants	3
Offices of Chiropractors	3
Offices of Dentists	7
Offices of Lawyers	8
Offices of Optometrists	2
Optical Goods Stores	1
Painting and Wall Covering Contractors	3
Payroll Services	1
Petroleum Bulk Stations and Terminals	1
Pharmacies and Drug Stores	1
Photography Studios, Portrait	1
Radio Stations	1
Ready-Mix Concrete Manufacturing	1
Residential Remodelers	1
Sales Financing	1
Savings Institutions	2
Sawmills	1
Septic Tank and Related Services	1
Shoe Stores	1
Siding Contractors	1
Site Preparation Contractors	2
Snack and Nonalcoholic Beverage Bars	3
Solid Waste Landfill	1
Sporting Goods Stores	2
Tax Preparation Services	1
Taxi Service	1
Temporary Shelters	1
Tire and Tube Merchant Wholesalers	1
Tire Dealers	2
Tobacco Stores	2
Tradebinding and Related Work	1
Used Car Dealers	3
Veterinary Services	2
Video Tape and Disc Rental	2
Warehouse Clubs and Supercenters	1
Wired Telecommunications Carriers	1
Women's Clothing Stores	2

Have You Considered Franchising?

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

Most business experts recommend that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Benefits of Owning A Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include CM IT Solutions and Earl of Sandwich. Alternatively, you can browse franchise categories, such as Restaurant Services Franchises and Telecommunications Franchises.

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

What About Buying an Existing New Martinsville Business?

We've created a useful website page for those who want to Buy a Business in West Virginia. Follow that link and you can review several good businesses for sale in New Martinsville.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Company Formation in New Martinsville, West Virginia

It's very important that you choose the right legal structure for your new entity. Among other things, forming a legal entity for the business limits your liabilities.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in West Virginia, it doesn't mean you are required to incorporate in West Virginia. As it turns out, you are allowed to incorporate wherever you want. 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 Incorporation Advice. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in New Martinsville, West Virginia, our information on Incorporating in West Virginia may be a useful resource if you decide to incorporate in West Virginia.

Advancing Your Entrepreneurial Skills

The best entrepreneurs know that they need to continually improve.

As an entrepreneur who lives in New Martinsville, West Virginia, you will want to take advantage of the learning programs at local West Virginia educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which New Martinsville entrepreneurs get together to network and trade their business experiences.

Next Steps

You have a dream -- starting a business in New Martinsville. 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 New Martinsville 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 New Martinsville, West Virginia

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

• Resources for New Martinsville, West Virginia Entrepreneurs - Browse a variety of resources we've collected to assist New Martinsville entrepreneurs.
• West Virginia Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in West Virginia.
• Wisconsin Small Business Development Center - Wisconsin Small Business Development Centers offer a variety of educational services to small-businesses. The low-cost courses, seminars, and workshops cover both basic and complex topics, from marketing to management techniques to business plan development.
• New Martinsville, West Virginia Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for New Martinsville, West Virginia newspapers, including ad costs for newspapers serving the New Martinsville area.
• New Martinsville, West Virginia Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for New Martinsville, West Virginia area radio stations.
• New Martinsville, West Virginia Payroll Services - This list includes New Martinsville, West Virginia payroll services, national payroll services for New Martinsville, and helpful information on choosing a New Martinsville payroll service.
• New Martinsville, West Virginia Businesses for Sale - This list includes resources for buying a business in New Martinsville, West Virginia, such as business brokers in New Martinsville and other helpful information on how to buy a New Martinsville business.

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