January 16, 2021  
 
  Entrepreneurial Resources - Advice for Delaware Entrepreneurs  
  Bethany Beach, Delaware Resources for Entrepreneurs  
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Opening a Business in Bethany Beach, Delaware

Contemplating starting a business in Bethany Beach, Delaware? We walk you through the process of opening a business in Bethany Beach.

Are You Ready for Life as an Owner?

Being an entrepreneur is demanding, much harder than working as an employee. Are you certain you are ready to take on this challenge?

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 Bethany Beach. Listen closely to their experiences and see if you think you too can be successful.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. 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.

What Type of Business Should You Start?

There are many businesses that you can start. How do you know which type of business is right for you? We recommend that you read Business Ideas That Don't Make Sense.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Babysitting Business guide or our Opening a Sales Employment Agency guide.

Don't forget that Bethany Beach is the place where you are starting a business. Some businesses will do better in Bethany Beach than others. Study Bethany Beach demographics and do a competitive analysis as part of your startup planning process.

Bethany Beach, Delaware Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 359
5-9 Employees 99
10-19 Employees 51
20-49 Employees 30
50-99 Employees 3
100-249 Employees 3
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Bethany Beach Businesses 545

As a new Bethany Beach entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Bethany 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.

Business Type # of
Businesses
Amusement Arcades 1
Architectural Services 2
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 2
Book Stores 2
Business to Business Electronic Markets 1
Coin-Operated Laundries and Drycleaners 1
Confectionery and Nut Stores 3
Convenience Stores 2
Dance Companies 1
Engineering Services 1
Family Clothing Stores 2
Fish and Seafood Markets 1
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 3
Floor Covering Stores 1
Florists 1
Food (Health) Supplement Stores 1
Full-Service Restaurants 20
Furniture Stores 2
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Hobby, Toy, and Game Stores 1
Insurance Agencies and Brokerages 1
Interior Design Services 1
Investment Advice 1
Land Subdivision 1
Landscaping Services 2
Limited-Service Restaurants 7
Manifold Business Forms Printing 1
Marketing Consulting Services 1
Musical Groups and Artists 1
Newspaper Publishers 3
Offices of Certified Public Accountants 1
Offices of Lawyers 2
Optical Goods Stores 1
Pharmacies and Drug Stores 1
Real Estate Credit 1
Residential Property Managers 1
Residential Remodelers 3
Retail Bakeries 1
Securities Brokerage 1
Snack and Nonalcoholic Beverage Bars 8
Sporting Goods Stores 4
Sports and Recreation Instruction 2
Used Merchandise Stores 1
Video Tape and Disc Rental 1
Water Supply and Irrigation Systems 1
Women's Clothing Stores 4

Company Formation in Bethany Beach, Delaware

It's essential that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in Delaware, it doesn't mean you are required to incorporate in Delaware. In fact, you are allowed to incorporate in the state of your choosing. 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 Subchapter S Corporations. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Bethany Beach, Delaware, our information on Incorporating in Delaware may be a useful resource if you decide to incorporate in Delaware.

Getting Money to Start a Business

Getting your Bethany Beach business the capital it needs to succeed is a difficult chore. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.

To learn about raising money, we recommend you read the fundraising articles on our site, such as Business Cash Advances.

For Bethany Beach entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Delaware Angel Investors and our List of Delaware Venture Capital Firms.

Improving Your Entrepreneurial Skillset

Successful entrepreneurs know that they don't know everything.

With your business being located in Bethany Beach, Delaware, you will want to take advantage of the learning programs at local Delaware educational institutions. It's also worthwhile to see if there are any Bethany Beach networking organizations.

Never Give Up

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Bethany Beach and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Bethany Beach, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Bethany Beach, Delaware

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

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety