Connecticut Business Startup Guides
Starting a Business in North Haven, Connecticut
Thinking about starting a business in North Haven, Connecticut? This step-by-step guide walks you through the major decisions you should consider before opening a new business in North Haven.
Are You Ready for Life as an Owner?
An entrepreneurial life is hard work, much more challenging than working as an employee. Are you certain you are ready to take on this challenge?
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in North Haven. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- 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.
North Haven, Connecticut Demographic Information
North Haven has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for North Haven demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in North Haven.
Businesses
As a new North Haven entrepreneur, you may also be interested in the table below. It shows how many businesses there are in North Haven 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.
Businesses
Is a Franchise Opportunity Right For You?
As you drive around North Haven, you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as The Franchising Process. 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 The eYardSale.com and Bellini Furniture. Alternatively, you can browse franchise categories, such as Home Repair Franchises and Miscellaneous Franchises.
Note on North Haven Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in North Haven.
Have You Considered Buying an Existing North Haven Business?
If you have some capital to play with, you may want to Buy a Business in Connecticut. Follow that link and you might discover several good businesses for sale in North Haven.
Before buying a business, be sure to read this article: How to Buy a Business.
Company Formation in North Haven, Connecticut
A critical step is ensuring that you form your business as a legal structure. Doing so will protect 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 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 Connecticut, you don't necessarily have to incorporate in Connecticut. In fact, you can incorporate in any state you would like to. 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. Finally, if you are starting a business in North Haven, Connecticut, our information on Incorporating in Connecticut may be a useful resource if you decide to incorporate in Connecticut.
Where to Get Money to Start a Company
Finding the funds to fuel the growth of your North Haven business requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For North Haven entrepreneurs who want to raise money for a new venture, check out our List of Connecticut Angel Investors and our List of Connecticut Venture Capital Firms.
Never Give Up
As an entrepreneur in North Haven, you won't be working for the boss anymore. You are the boss.
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 North Haven and throughout the United States . We want to be there for you to answer your business questions, whether you are a new North Haven entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in North Haven, Connecticut
Here are more links that we believe will help you be successful in starting a business in North Haven.
- Resources for North Haven, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist North Haven entrepreneurs.
- Connecticut Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Connecticut.
- Connecticut Small Business Development Center - Central Connecticut State University's Institute of Technology and Business Development (ITBD) supports Connecticut businesses and business-related organizations with training, technology assistance, conferencing services, procurement services and business incubation.
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