West Virginia Business Startup Guides

Opening a Business in Princeton, West Virginia

Contemplating starting a business in Princeton, West Virginia? We walk you through the process of opening a business in Princeton.

Princeton, West Virginia Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
13860
5-9 Employees
7140
10-19 Employees
3948
20-49 Employees
2982
50-99 Employees
546
100-249 Employees
546
250-499 Employees
42
500-999 Employees
42
1000+ Employees
0
All Princeton Businesses
29106

As a new Princeton entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Princeton 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
Ambulance Services
1
Automotive Exhaust System Repair
2
Automotive Parts and Accessories Stores
6
Automotive Transmission Repair
2
Beauty Salons
10
Beer, Wine, and Liquor Stores
2
Boat Dealers
1
Book Stores
1
Business and Secretarial Schools
1
Business Associations
1
Cable and Other Program Distribution
1
Cafeterias
1
Car Washes
1
Caterers
1
Cemeteries and Crematories
2
Child Day Care Services
3
Children's and Infants' Clothing Stores
1
Civic and Social Organizations
3
Collection Agencies
1
Commercial Lithographic Printing
2
Computer and Software Stores
1
Concrete Block and Brick Manufacturing
1
Continuing Care Retirement Communities
1
Convenience Stores
1
Couriers
2
Credit Unions
1
Custom Computer Programming Services
1
Display Advertising
1
Drinking Places (Alcoholic Beverages)
6
Elementary and Secondary Schools
1
Engineering Services
3
Family Clothing Stores
1
Fitness and Recreational Sports Centers
2
Floor Covering Stores
2
Flooring Contractors
1
Florists
3
Food Service Contractors
1
Framing Contractors
2
Full-Service Restaurants
18
Funeral Homes and Funeral Services
3
Furniture Merchant Wholesalers
1
Furniture Stores
4
General Automotive Repair
8
General Medical and Surgical Hospitals
1
General Rental Centers
2
General Warehousing and Storage
1
Gift, Novelty, and Souvenir Stores
1
Golf Courses and Country Clubs
1
Hardware Stores
2
Hobby, Toy, and Game Stores
1
Home Health Care Services
1
Household Appliance Stores
3
Industrial Building Construction
1
Insurance Agencies and Brokerages
14
Internet Service Providers
1
Investigation Services
2
Investment Advice
1
Jewelry Stores
3
Land Subdivision
1
Landscaping Services
6
Lessors of Other Real Estate Property
2
Limited-Service Restaurants
23
Logging
2
Machine Shops
6
Manufactured (Mobile) Home Dealers
1
Masonry Contractors
2
Medical Laboratories
3
Motor Vehicle Body Manufacturing
1
Motor Vehicle Towing
2
Motorcycle Dealers
2
Musical Instrument and Supplies Stores
1
Natural Gas Distribution
1
New Car Dealers
2
New Housing Operative Builders
3
Nursing Care Facilities
3
Office Administrative Services
3
Office Supplies and Stationery Stores
1
Offices of Certified Public Accountants
7
Offices of Dentists
11
Offices of Lawyers
25
Offices of Optometrists
2
Offices of Podiatrists
1
Optical Goods Stores
1
Outdoor Power Equipment Stores
1
Painting and Wall Covering Contractors
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
10
Photography Studios, Portrait
2
Radio Networks
1
Ready-Mix Concrete Manufacturing
1
Real Estate Credit
1
Residential Property Managers
1
Sawmills
3
Securities Brokerage
3
Security Guards and Patrol Services
1
Sheet Metal Work Manufacturing
1
Shoe Stores
1
Siding Contractors
1
Sign Manufacturing
1
Snack and Nonalcoholic Beverage Bars
1
Solid Waste Collection
3
Sporting Goods Stores
1
Sports Teams and Clubs
1
Support Activities for Coal Mining
2
Tax Preparation Services
1
Temporary Help Services
1
Used Car Dealers
4
Used Household and Office Goods Moving
1
Used Merchandise Stores
4
Veterinary Services
3
Video Tape and Disc Rental
1
Vocational Rehabilitation Services
2
Voluntary Health Organizations
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
1
Women's Clothing Stores
2
Wood Preservation
2

Is a Franchise Opportunity Right For You?

As you drive around Princeton, you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as How to Find Financing for Franchises. 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 A-Pro Home Inspection and The Learning Experience. Alternatively, you can browse franchise categories, such as Senior Care Franchises and Child Entertainment Franchises.

Note on Princeton Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Princeton.

Forming a Company in Princeton, 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 corporation, LLC, sole proprietorship, partnership or other structure.

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. If you are starting a business in West Virginia, you don't necessarily have to incorporate in West Virginia. In fact, you are allowed to 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. To learn the basics of company formation, browse articles on our site, such as ESOP Formation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Princeton, West Virginia, our information on Incorporating in West Virginia may be a useful resource if you decide to incorporate in West Virginia.

Where to Get Money to Start a Company

Getting your Princeton business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Business Cash Advances.

For Princeton entrepreneurs who need startup capital, we have assembled a List of West Virginia Angel Investors and our List of West Virginia Venture Capital Firms.

Bring in Revenues

Mastering the art of selling is priority one if you want your new Princeton business to do well.

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Good Sales Strategies is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

How to Improve Your Entrepreneurial Abilities

Successful business owners recognize that what they know now may not be enough to ensure their future success.

With your business being located in Princeton, West Virginia, you will want to take advantage of the learning programs at local West Virginia educational institutions. It's also wise to see if there are any networking organizations for Princeton entrepreneurs.

Now It's Up To You

Most new Princeton businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Princeton and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Princeton, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Princeton, West Virginia

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

More Startup Articles for West Virginia Cities

Starting a Business in Point Pleasant
Starting a Business in Ripley

Browse All Business Startup Guides for West Virginia
Starting a Business Guides for Other States

 

 

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary