August 3, 2020  
 
  Entrepreneurial Resources - Advice for North Carolina Entrepreneurs  
  Chadbourn, North Carolina Resources for Entrepreneurs  
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Opening a Business in Chadbourn, North Carolina

Contemplating starting a business in Chadbourn, North Carolina? We walk you through the process of opening a business in Chadbourn.

Do You Have What It Takes?

Most startup 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.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Speak with other entrepreneurs in Chadbourn. Get their candid feedback on what it takes to start a successful business.
  • You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
  • Involve a spouse, family member or trusted friend in the decision. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.

What Type of Business Should You Start?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Free Business Ideas.

To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Animal Registration & Identification Services guide or our How to Start a Food & Beverage Services Business guide.

Don't forget that you are starting a business in Chadbourn. Some businesses will do better in Chadbourn than others. Don't forget to review Chadbourn demographics to see if there's a market for what you want to sell.

Chadbourn, North Carolina Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 200
5-9 Employees 87
10-19 Employees 27
20-49 Employees 27
50-99 Employees 0
100-249 Employees 6
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Chadbourn Businesses 347

As a new Chadbourn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Chadbourn 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
Ambulance Services 2
Automotive Parts and Accessories Stores 2
Beauty Salons 2
Beer, Wine, and Liquor Stores 2
Bowling Centers 1
Child Day Care Services 3
Diagnostic Imaging Centers 1
Document Preparation Services 1
Exterminating and Pest Control Services 1
Farm Supplies Merchant Wholesalers 1
Fitness and Recreational Sports Centers 1
Florists 1
Full-Service Restaurants 1
Funeral Homes and Funeral Services 1
General Automotive Repair 6
Hobby, Toy, and Game Stores 1
Home Health Care Services 3
Insurance Agencies and Brokerages 3
Jewelry Stores 1
Landscaping Services 1
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 3
Livestock Merchant Wholesalers 1
Manufactured (Mobile) Home Dealers 1
Masonry Contractors 1
Meat Markets 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 1
Pharmacies and Drug Stores 2
Professional Organizations 1
Radio Stations 1
Residential Remodelers 1
Site Preparation Contractors 1
Tax Preparation Services 1
Tire Dealers 2
Used Car Dealers 2
Used Merchandise Stores 1
Video Tape and Disc Rental 1

Should You Franchise?

Examine a list of Chadbourn businesses and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Is there a franchise opportunity out there that makes sense for you?

Our recommendation is that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Detecting Franchising Scams. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Archadeck and Marsha Scott's Hair Loss Clinic For Women. Alternatively, you can browse franchise categories, such as Construction Franchises and Home Services Franchises.

Note on Chadbourn Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Chadbourn.

Have You Considered Buying an Existing Chadbourn Business?

An excellent way to get started in business is to Buy a Business in North Carolina. Follow that link and you may find several good businesses for sale in Chadbourn.

Before buying a business, be sure to read this article: Buying a Business.

Naming the Company

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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

There's one other important factor when naming a business. Since you are starting a business in Chadbourn, it's imperative that you check now that no North Carolina company has already registered the company name you have selected.

Marketing Your New Venture

Whether your goal is to attract Chadbourn customers or you plan on selling elsewhere, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Holiday-Powered Marketing discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.

Now It's Up To You

Most new Chadbourn businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Chadbourn and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Chadbourn, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Chadbourn, North Carolina

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

 

 

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