California Business Startup Guides
Start a Business in Torrance, California
Are you starting a business in Torrance, California? This article discusses the most important things to consider when opening a business in Torrance.
Is Becoming an Entrepreneur Right for You?
Most new ventures fail, in part because the business owner did not have the perseverance and abilities that are necessary to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Reach out to other entrepreneurs in Torrance. Get their take on what it's really like to be an entrepreneur.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- Seek the advice of somebody who knows you well. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
What Business Are You Starting?
Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Good Business Ideas.
If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Cesspool Building & Service Business guide or our Opening a Hydromulching Services Business guide.
Don't forget that starting a business in Torrance has some implications. Some businesses will do better in Torrance than others. Don't forget to review Torrance demographics to see if there's a market for what you want to sell.
Torrance, California Demographic Information
Torrance has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Torrance demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Torrance.
Businesses
As a new Torrance entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Torrance 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
What About Franchising Opportunities?
As you drive around Torrance, you may be surprised to see how many franchises there are in the area. Is franchising maybe a better way for you to start your business?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Questions to Ask Franchisors. Get a thorough education on franchising by browsing all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Sample franchise opportunities include Pop-a-Lock Franchise System and Golden Corral Buffet & Grill. Alternatively, you can browse franchise categories, such as Bookstore Franchises and Personal Services Franchises.
Note on Torrance Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Torrance.
Have You Considered Buying an Existing Torrance Business?
An excellent way to get started in business is to Buy a Business in California. Follow that link and you may find several good businesses for sale in Torrance.
For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.
Don't Skip the Business Plan
A business plan is vital in laying a solid foundation for your business success. Simply put, 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 Reasons to Write a Business Plan. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in California.
Moving Forward
Most new Torrance 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 Torrance and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Torrance 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 Torrance, California
Here are more links that we believe will help you be successful in starting a business in Torrance.
- Resources for Torrance, California Entrepreneurs - Browse a variety of resources we've collected to assist Torrance entrepreneurs.
- California Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in California.
- Fresno, California Small Business Development Center - The UC Merced SBDC Regional Network assists Central California entrepreneurs and small business owners through counseling, training and business information.
- Los Angeles, California Small Business Development Center - The Los Angeles Regional Small Business Development Center Network (LA SBDC Network) is part of the national, U.S. Small Business Administration (SBA) effort to provide free one-on-one customized consulting services and low-cost training workshops to growing businesses and start-up businesses.
- Sacramento, California Small Business Development Center - As Northern California continues to grow demographically and economically, the Northeastern California Small Business Development Center (NECSBDC) at CSU, Chico is committed to helping communities prepare and plan for future growth.
- San Diego, California Small Business Development Center - The Small Business Development Center (SBDC) at Southwestern College serves entrepreneurs and small businesses in San Diego and Imperial Counties. The SBDC provides no-cost business assistance to start-up & existing businesses.
- San Francisco, California Small Business Development Center - The Northern California Network of Small Business Development Centers helps individuals start, manage and grow their businesses.
- Orange County Small Business Development Center - The Orange County SBDC is a leader in providing consulting, training, and technical assistance to the small business community.
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