Connecticut Business Startup Guides

Start a Business in Putnam, Connecticut

Are you starting a business in Putnam, Connecticut? This article discusses the most important things to consider when opening a business in Putnam.

Are You Sure You Want to Do This?

Most new ventures do not succeed, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

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 Putnam. Ask them candidly what it's like to run a business.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Putnam, Connecticut Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
1287
5-9 Employees
594
10-19 Employees
513
20-49 Employees
297
50-99 Employees
99
100-249 Employees
54
250-499 Employees
9
500-999 Employees
9
1000+ Employees
0
All Putnam Businesses
2862

As a new Putnam entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Putnam 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
1
Ambulance Services
1
Automotive Parts and Accessories Stores
2
Beauty Salons
8
Beer, Wine, and Liquor Stores
5
Boat Building
1
Book Stores
1
Cemeteries and Crematories
1
Child Day Care Services
3
Civic and Social Organizations
2
Clothing Accessories Stores
1
Coin-Operated Laundries and Drycleaners
1
Commercial Lithographic Printing
1
Commercial Screen Printing
1
Credit Unions
2
Discount Department Stores
2
Document Preparation Services
1
Electrical Contractors
4
Electronic Shopping
1
Elementary and Secondary Schools
2
Engineering Services
2
Family Clothing Stores
1
Finish Carpentry Contractors
2
Fitness and Recreational Sports Centers
2
Food (Health) Supplement Stores
2
Framing Contractors
1
Fruit and Vegetable Markets
1
Full-Service Restaurants
13
Furniture Stores
2
General Automotive Repair
2
General Freight Trucking, Local
1
General Medical and Surgical Hospitals
1
General Rental Centers
2
Gift, Novelty, and Souvenir Stores
1
Golf Courses and Country Clubs
1
Hardware Merchant Wholesalers
2
Hardware Stores
1
Heating Oil Dealers
1
Home Health Care Services
2
Household Appliance Stores
1
Industrial Mold Manufacturing
1
Insurance Agencies and Brokerages
4
Land Subdivision
1
Landscaping Services
2
Limited-Service Restaurants
7
Machine Shops
1
Mail-Order Houses
1
Masonry Contractors
2
Materials Recovery Facilities
1
Motorcycle Dealers
1
Narrow Fabric Mills
1
New Car Dealers
5
Newspaper Publishers
1
Nursing Care Facilities
2
Offices of Bank Holding Companies
1
Offices of Certified Public Accountants
1
Offices of Dentists
6
Offices of Lawyers
7
Offices of Optometrists
1
Offices of Podiatrists
1
One-Hour Photofinishing
1
Optical Goods Stores
1
Outdoor Power Equipment Stores
1
Paint and Wallpaper Stores
1
Painting and Wall Covering Contractors
1
Periodical Publishers
1
Pet and Pet Supplies Stores
1
Petroleum Bulk Stations and Terminals
1
Pharmacies and Drug Stores
2
Polystyrene Foam Product Manufacturing
1
Prepress Services
1
Radio Stations
1
Railroad Rolling Stock Manufacturing
1
Ready-Mix Concrete Manufacturing
1
Refrigerated Warehousing and Storage
1
Residential Remodelers
2
Reupholstery and Furniture Repair
1
Savings Institutions
3
Securities Brokerage
1
Shoe Stores
1
Siding Contractors
1
Site Preparation Contractors
1
Snack and Nonalcoholic Beverage Bars
5
Sporting Goods Stores
2
Tax Preparation Services
5
Temporary Help Services
3
Theater Companies and Dinner Theaters
1
Travel Agencies
1
Used Household and Office Goods Moving
1
Used Merchandise Stores
2
Veterinary Services
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
1
Wood Container and Pallet Manufacturing
1

Should You Franchise?

As you drive around Putnam, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

Our recommendation is that you investigate buying a franchise. We have many articles on franchises, such as Credit and Franchise Purchasing. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Representative franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Should You Buy an Existing Putnam Business?

An excellent way to get started in business is to Buy a Business in Connecticut. Follow that link and you may find several good businesses for sale in Putnam.

Before buying a business, be sure to read this article: How to Buy a Business.

Marketing Your New Venture

To rise above the crowd in Putnam and build your business, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Marketing Research discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

How to Improve Your Entrepreneurial Abilities

Successful entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Putnam, Connecticut, you should check out some of the many programs available at nearby Connecticut universities, colleges and community colleges. You should also check if there are any networking groups or organizations in which Putnam entrepreneurs get together to network and trade their business experiences.

Next Steps

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Putnam businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Putnam, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Putnam, Connecticut

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

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