Florida Business Startup Guides
Open a Business in West Palm Beach, Florida
Need help starting a business in West Palm Beach, Florida? We've got the information you need to open a business in West Palm Beach.
Are You Ready for Life as an Owner?
Most startup businesses fail, 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.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in West Palm Beach. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. 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.
West Palm Beach, Florida Demographic Information
West Palm Beach has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for West Palm Beach demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in West Palm Beach.
Businesses
As a new West Palm Beach entrepreneur, you may also be interested in the table below. It shows how many businesses there are in West Palm Beach 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
Should You Buy an Existing West Palm Beach Business?
An excellent way to get started in business is to Buy a Business in Florida. Follow that link and you may find several good businesses for sale in West Palm Beach.
If you are intent on buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.
Picking a Company Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
As a final piece of advice, remember that because you are planning on starting a business in West Palm Beach, it's imperative that you check now that your company name has not already been claimed by another Florida business.
Raising Money for Your New Venture
Raising money to fund your new West Palm Beach business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
The good news is this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For West Palm Beach entrepreneurs on the hunt for startup funding, we have assembled a List of Florida Angel Investors and our List of Florida Venture Capital Firms.
The Art of Selling
Mastering the art of selling is essential if you want your new West Palm Beach business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Effective Sales Presentations is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Learning More About Entrepreneurship
Successful business owners recognize that they don't know everything.
As an entrepreneur who lives in West Palm Beach, Florida, you should check out some of the learning programs at local Florida educational institutions. You should also check if there are any networking organizations for West Palm Beach entrepreneurs.
Never Give Up
Most new West Palm Beach businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in West Palm Beach and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in West Palm Beach, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in West Palm Beach, Florida
Here are more links that we believe will help you be successful in starting a business in West Palm Beach.
- Resources for West Palm Beach, Florida Entrepreneurs - Browse a variety of resources we've collected to assist West Palm Beach entrepreneurs.
- Florida Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Florida.
- Florida Small Business Development Center - The Florida Small Business Development Center Network (FSBDCN) is a statewide economic development partnership between higher education and other stakeholder organizations dedicated to providing entrepreneurs and established businesses with the assistance needed to start, grow and succeed, contributing to the Florida economy.
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