Massachusetts Business Startup Guides
Starting a Business in Barre, Massachusetts
Thinking about starting a business in Barre, Massachusetts? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Barre.
Are You Ready for Life as an Owner?
An entrepreneurial life is hard work, and can be orders of magnitude more strenuous than working as an employee. Are you positive you are ready to take on this challenge?
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Talk to other entrepreneurs in Barre. Listen closely to their experiences and see if you think you too can be successful.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. 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.
Barre, Massachusetts Demographic Information
Barre has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Barre demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Barre.
Businesses
As a new Barre entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Barre 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 Barre, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
We highly recommend you consider franchising as an option. We have many articles on franchises, such as Franchising My Business. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include Penn Station East Coast Subs and The Gutter Genie. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.
Note on Barre Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Barre.
Picking a Company Name
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
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.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are opening a business in Barre, it's critical that you ensure that your company name has not already been claimed by another Massachusetts business.
Forming a Company in Barre, Massachusetts
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
When forming a company, you will select one of many company types, such as 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 Massachusetts, you don't necessarily have to incorporate in Massachusetts. In fact, you can incorporate in any state you would like to. 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Incorporation Advice. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Barre, Massachusetts, our web page covering Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.
Letting the World Know You Exist
To rise above the crowd in Barre and advance your business, you'll need to have a good marketing plan.
There are myriad resources on this site to help you with your marketing plan. How to Get Started with Advertsing is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Never Give Up
As an entrepreneur in Barre, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Barre and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Barre, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Barre, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Barre.
- Resources for Barre, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Barre entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
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