Thinking about starting a business in Newburyport, Massachusetts? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Newburyport.
Is Becoming an Entrepreneur Right for You?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
Before you move forward with starting a business, be sure to do these three things:
- Talk to other entrepreneurs in Newburyport. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Newburyport, Massachusetts Demographic Information
Newburyport has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Newburyport demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Newburyport.
| Business Size | # of
Businesses |
| 1-4 Employees |
1241 |
| 5-9 Employees |
537 |
| 10-19 Employees |
300 |
| 20-49 Employees |
147 |
| 50-99 Employees |
93 |
| 100-249 Employees |
33 |
| 250-499 Employees |
0 |
| 500-999 Employees |
3 |
| 1000+ Employees |
0 |
| All Newburyport Businesses |
2354 |
As a new Newburyport entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newburyport 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 |
| Adhesive Manufacturing |
1 |
| Advertising Agencies |
4 |
| Amusement Arcades |
1 |
| Apprenticeship Training |
1 |
| Architectural Services |
5 |
| Art Dealers |
4 |
| Automobile Driving Schools |
1 |
| Automotive Glass Replacement Shops |
1 |
| Automotive Parts and Accessories Stores |
3 |
| Baked Goods Stores |
1 |
| Beauty Salons |
16 |
| Bed-and-Breakfast Inns |
2 |
| Beer, Wine, and Liquor Stores |
5 |
| Boat Dealers |
1 |
| Book Publishers |
1 |
| Book Stores |
2 |
| Broadwoven Fabric Finishing Mills |
1 |
| Business Associations |
1 |
| Business to Business Electronic Markets |
2 |
| Cable and Other Program Distribution |
1 |
| Cafeterias |
1 |
| Camera and Photographic Supplies Stores |
2 |
| Caterers |
3 |
| Cemeteries and Crematories |
2 |
| Child Day Care Services |
5 |
| Children's and Infants' Clothing Stores |
2 |
| Civic and Social Organizations |
4 |
| Clothing Accessories Stores |
1 |
| Coin-Operated Laundries and Drycleaners |
1 |
| Commercial Bakeries |
2 |
| Commercial Flexographic Printing |
2 |
| Commercial Lithographic Printing |
3 |
| Commercial Screen Printing |
2 |
| Community Food Services |
1 |
| Computer Systems Design Services |
3 |
| Confectionery and Nut Stores |
1 |
| Convenience Stores |
4 |
| Credit Unions |
1 |
| Custom Computer Programming Services |
13 |
| Diagnostic Imaging Centers |
2 |
| Digital Printing |
1 |
| Direct Mail Advertising |
1 |
| Discount Department Stores |
1 |
| Drinking Places (Alcoholic Beverages) |
3 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
6 |
| Electronic Shopping |
1 |
| Elementary and Secondary Schools |
2 |
| Employment Placement Agencies |
5 |
| Engineering Services |
13 |
| Environmental Consulting Services |
4 |
| Facilities Support Services |
1 |
| Family Clothing Stores |
2 |
| Fine Arts Schools |
2 |
| Finish Carpentry Contractors |
4 |
| Fish and Seafood Merchant Wholesalers |
1 |
| Fitness and Recreational Sports Centers |
9 |
| Floor Covering Stores |
1 |
| Florists |
4 |
| Food (Health) Supplement Stores |
4 |
| Food Service Contractors |
1 |
| Footwear Merchant Wholesalers |
1 |
| Framing Contractors |
4 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
25 |
| Funeral Homes and Funeral Services |
2 |
| General Automotive Repair |
3 |
| General Medical and Surgical Hospitals |
1 |
| General Rental Centers |
1 |
| Gift, Novelty, and Souvenir Stores |
13 |
| Glass and Glazing Contractors |
1 |
| Graphic Design Services |
6 |
| Gum and Wood Chemical Manufacturing |
1 |
| Hardware Merchant Wholesalers |
2 |
| Heating Oil Dealers |
2 |
| Historical Sites |
2 |
| Hobby, Toy, and Game Stores |
2 |
| Home Centers |
1 |
| Home Furnishing Merchant Wholesalers |
1 |
| Home Health Care Services |
2 |
| Homes for the Elderly |
2 |
| Industrial Design Services |
1 |
| Insurance Agencies and Brokerages |
9 |
| Interior Design Services |
2 |
| Interurban and Rural Bus Transportation |
1 |
| Investment Advice |
1 |
| Janitorial Services |
2 |
| Jewelry Stores |
2 |
| Landscape Architectural Services |
1 |
| Landscaping Services |
4 |
| Leather and Hide Tanning and Finishing |
1 |
| Limited-Service Restaurants |
13 |
| Limousine Service |
2 |
| Linen Supply |
2 |
| Local Messengers and Local Delivery |
1 |
| Machine Shops |
7 |
| Marinas |
5 |
| Marketing Consulting Services |
5 |
| Masonry Contractors |
2 |
| Men's Clothing Stores |
1 |
| Metal Stamping |
1 |
| Mobile Food Services |
1 |
| Mortgage and Nonmortgage Loan Brokers |
2 |
| Motion Picture and Video Production |
2 |
| Motor Vehicle Metal Stamping |
1 |
| Motorcycle Dealers |
1 |
| Museums |
2 |
| News Dealers and Newsstands |
1 |
| News Syndicates |
1 |
| Nonresidential Property Managers |
2 |
| Nursing Care Facilities |
3 |
| Office Administrative Services |
4 |
| Office Equipment Merchant Wholesalers |
2 |
| Offices of Certified Public Accountants |
6 |
| Offices of Chiropractors |
4 |
| Offices of Dentists |
17 |
| Offices of Lawyers |
19 |
| Offices of Optometrists |
4 |
| Offices of Podiatrists |
1 |
| Offices of Real Estate Appraisers |
1 |
| One-Hour Photofinishing |
1 |
| Ophthalmic Goods Merchant Wholesalers |
1 |
| Packaging and Labeling Services |
1 |
| Paint and Coating Manufacturing |
1 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
2 |
| Payroll Services |
1 |
| Perishable Prepared Food Manufacturing |
1 |
| Pet and Pet Supplies Stores |
3 |
| Pharmacies and Drug Stores |
4 |
| Portfolio Management |
5 |
| Private Mail Centers |
1 |
| Public Relations Agencies |
2 |
| Quick Printing |
2 |
| Radio Networks |
1 |
| Radio Stations |
1 |
| Real Estate Credit |
4 |
| Remediation Services |
3 |
| Residential Property Managers |
2 |
| Residential Remodelers |
4 |
| Sales Financing |
1 |
| Savings Institutions |
5 |
| School and Employee Bus Transportation |
1 |
| Securities Brokerage |
3 |
| Semiconductor Machinery Manufacturing |
1 |
| Shoe Stores |
3 |
| Siding Contractors |
1 |
| Site Preparation Contractors |
2 |
| Snack and Nonalcoholic Beverage Bars |
9 |
| Software Publishers |
2 |
| Sporting Goods Stores |
2 |
| Sports and Recreation Instruction |
1 |
| Surface Active Agent Manufacturing |
1 |
| Tax Preparation Services |
5 |
| Taxi Service |
1 |
| Telemarketing Bureaus |
1 |
| Telephone Apparatus Manufacturing |
1 |
| Temporary Help Services |
2 |
| Theater Companies and Dinner Theaters |
2 |
| Tile and Terrazzo Contractors |
1 |
| Title Abstract and Settlement Offices |
2 |
| Travel Agencies |
3 |
| Used Car Dealers |
1 |
| Used Household and Office Goods Moving |
1 |
| Used Merchandise Stores |
3 |
| Veterinary Services |
4 |
| Video Tape and Disc Rental |
2 |
| Vocational Rehabilitation Services |
1 |
| Web Search Portals |
1 |
| Wholesale Trade Agents and Brokers |
7 |
| Window Treatment Stores |
1 |
| Wired Telecommunications Carriers |
3 |
| Women's Clothing Stores |
7 |
Have You Considered Buying an Existing Newburyport Business?
We've created a useful website page for those who want to Buy a Business in Massachusetts. Follow that link and you may find several good businesses for sale in Newburyport.
Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.
Forming a Company in Newburyport, Massachusetts
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporation is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in Massachusetts, it doesn't mean you are required to incorporate in Massachusetts. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as LLC Advantages. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Newburyport, Massachusetts, our web page covering Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.
The Role of the Business Plan
A business plan is vital to the health of your new business. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Expert Advice on Business Plans. You can also get free business counselors available to you through your local SCORE chapter in Massachusetts.
Raising Funding for Your Venture
Raising money to fund your new Newburyport business is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Angel Investors.
For Newburyport entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Massachusetts Angel Investors and our List of Massachusetts Venture Capital Firms.
Moving Forward
You have a dream -- starting a business in Newburyport. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Newburyport and throughout the United States . 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 Newburyport, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Newburyport.
- Resources for Newburyport, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Newburyport 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.
- Newburyport, Massachusetts Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Newburyport, Massachusetts newspapers, including ad costs for newspapers serving the Newburyport area.
- Newburyport, Massachusetts Payroll Services - This list includes Newburyport, Massachusetts payroll services, national payroll services for Newburyport, and helpful information on choosing a Newburyport payroll service.
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