New York Business Startup Guides

Open a Business in Vestal, New York

Need help starting a business in Vestal, New York? We've got the information you need to open a business in Vestal.

Are You Sure You Want to Do This?

Being an entrepreneur is difficult, much more arduous than working as an employee. Are you positive you have the stamina and skills to succeed on your own?

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 Vestal. Ask them candidly what it's like to run a business.
  • Peruse Should You Become an Entrepreneur?. This is one of our more popular articles for folks who want to go into business for themselves.
  • Have a candid conversation with friends and family. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Vestal, New York Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
821
5-9 Employees
420
10-19 Employees
381
20-49 Employees
231
50-99 Employees
87
100-249 Employees
48
250-499 Employees
6
500-999 Employees
6
1000+ Employees
3
All Vestal Businesses
2003

As a new Vestal entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Vestal 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
Amusement Arcades
1
Armored Car Services
1
Automotive Exhaust System Repair
2
Automotive Glass Replacement Shops
1
Automotive Parts and Accessories Stores
4
Baked Goods Stores
1
Barber Shops
1
Beer, Wine, and Liquor Stores
4
Book Publishers
2
Book Stores
2
Bowling Centers
1
Cafeterias
2
Camera and Photographic Supplies Stores
1
Carpet and Upholstery Cleaning Services
2
Cemeteries and Crematories
2
Child Day Care Services
8
Children's and Infants' Clothing Stores
1
Civic and Social Organizations
4
Coin-Operated Laundries and Drycleaners
1
Collection Agencies
2
Commercial Bakeries
1
Computer Systems Design Services
1
Confectionery and Nut Stores
1
Consumer Lending
2
Couriers
2
Credit Unions
3
Custom Computer Programming Services
4
Dental Laboratories
1
Directory and Mailing List Publishers
1
Discount Department Stores
2
Drinking Places (Alcoholic Beverages)
5
Drywall and Insulation Contractors
1
Electrical Contractors
5
Electronic Auctions
1
Electronic Shopping
1
Engineering Services
3
Environmental Consulting Services
1
Exam Preparation and Tutoring
3
Family Clothing Stores
4
Family Planning Centers
1
Fine Arts Schools
1
Fitness and Recreational Sports Centers
3
Flooring Contractors
1
Florists
1
Footwear Merchant Wholesalers
2
Full-Service Restaurants
29
Funeral Homes and Funeral Services
1
Furniture Stores
4
General Automotive Repair
7
Gift, Novelty, and Souvenir Stores
1
Grantmaking Foundations
1
Hardware Merchant Wholesalers
1
Hardware Stores
1
Heating Oil Dealers
2
Hobby, Toy, and Game Stores
3
Home Centers
3
Home Health Equipment Rental
1
Homes for the Elderly
2
Household Appliance Stores
1
Insurance Agencies and Brokerages
11
Investigation Services
1
Investment Advice
5
Janitorial Services
2
Land Subdivision
2
Landscaping Services
5
Lessors of Other Real Estate Property
1
Libraries and Archives
1
Limited-Service Restaurants
19
Mail-Order Houses
3
Masonry Contractors
1
Miscellaneous Intermediation
2
Mobile Food Services
1
Mortgage and Nonmortgage Loan Brokers
2
Motion Picture and Video Production
1
Motor Vehicle Towing
1
Motorcycle Dealers
1
Musical Instrument and Supplies Stores
2
New Car Dealers
7
Newspaper Publishers
1
Nursing Care Facilities
1
Office Administrative Services
5
Office Equipment Merchant Wholesalers
3
Office Supplies and Stationery Stores
2
Offices of Certified Public Accountants
2
Offices of Dentists
11
Offices of Lawyers
10
Offices of Optometrists
2
Offices of Real Estate Appraisers
1
One-Hour Photofinishing
1
Optical Goods Stores
2
Paint and Wallpaper Stores
1
Passenger Car Rental
1
Periodical Publishers
1
Pet and Pet Supplies Stores
1
Pet Care (except Veterinary) Services
2
Petroleum Bulk Stations and Terminals
3
Pharmacies and Drug Stores
4
Photography Studios, Portrait
2
Precision Turned Product Manufacturing
1
Private Mail Centers
1
Professional Employer Organizations
1
Professional Organizations
1
Quick Printing
1
Radio Stations
6
Ready-Mix Concrete Manufacturing
3
Recreational Vehicle Dealers
1
Residential Remodelers
5
Retail Bakeries
1
Roofing Contractors
1
Sales Financing
1
Savings Institutions
2
Securities Brokerage
6
Shoe Stores
5
Sign Manufacturing
1
Site Preparation Contractors
3
Snack and Nonalcoholic Beverage Bars
7
Software Publishers
2
Solid Waste Collection
1
Solid Waste Combustors and Incinerators
1
Sporting Goods Stores
3
Sports and Recreation Instruction
3
Tax Preparation Services
4
Television Broadcasting
2
Temporary Help Services
3
Tile and Terrazzo Contractors
1
Tire Dealers
3
Travel Agencies
4
Used Car Dealers
3
Used Household and Office Goods Moving
1
Used Merchandise Stores
1
Veterinary Services
4
Video Tape and Disc Rental
2
Warehouse Clubs and Supercenters
2
Women's Clothing Stores
7

Company Formation in Vestal, New York

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will insulate 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 New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate wherever you want. 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 Where to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Vestal, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York.

The Role of the Business Plan

A business plan is vital in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Outsourcing. You should also take advantage of free business counselors available to you through your local SCORE chapter in New York.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Vestal business, you need to focus on sales.

Not knowing how to sell can result in lost customers and minimal market share. The good news is we can help you to make selling a big competitve advantage for your new firm.

How to Build and Motivate a Sales Team 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.

Improving Your Entrepreneurial Skillset

The best entrepreneurs know that what they know now may not be enough to ensure their future success.

With your business being located in Vestal, New York, you will want to take advantage of the many programs available at nearby New York universities, colleges and community colleges. We also recommend you look into networking groups or organizations in which Vestal entrepreneurs get together to network and trade their business experiences.

Next Steps

As an entrepreneur in Vestal, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

We are here to help Vestal businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Vestal 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 Vestal, New York

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

More Startup Articles for New York Cities

Starting a Business in Valhalla
Starting a Business in Wading River

Browse All Business Startup Guides for New York
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