January 24, 2021  
 
  Entrepreneurial Resources - Advice for Massachusetts Entrepreneurs  
  Cohasset, Massachusetts Resources for Entrepreneurs  
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Starting a Business in Cohasset, Massachusetts

Thinking about starting a business in Cohasset, Massachusetts? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Cohasset.

Are You Sure You Want to Do This?

Most startup companies fail, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

Before you move forward with starting a business, be sure to do these three things:

  • Speak with other entrepreneurs in Cohasset. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Which Business to Choose?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Good 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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that your new startup will be located in Cohasset. If Cohasset already has plenty of the kind of business you want to start, you might want to change your plans. Study Cohasset demographics and do a competitive analysis as part of your startup planning process.

Cohasset, Massachusetts Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 433
5-9 Employees 156
10-19 Employees 63
20-49 Employees 57
50-99 Employees 18
100-249 Employees 6
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Cohasset Businesses 733

As a new Cohasset entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Cohasset 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
Advertising Agencies 1
Audio and Video Equipment Manufacturing 1
Baked Goods Stores 1
Beauty Salons 2
Beer, Wine, and Liquor Stores 2
Boat Dealers 1
Book Stores 1
Camera and Photographic Supplies Stores 1
Caterers 1
Cemeteries and Crematories 1
Child Day Care Services 1
Civic and Social Organizations 2
Computer and Software Stores 1
Computer Facilities Management Services 1
Computer Systems Design Services 4
Convenience Stores 3
Drywall and Insulation Contractors 1
Electrical Contractors 4
Engineering Services 3
Environmental Consulting Services 1
Fine Arts Schools 1
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 6
Floor Covering Stores 1
Flooring Contractors 1
Florists 1
Framing Contractors 1
Freight Transportation Arrangement 3
Full-Service Restaurants 9
Furniture Stores 2
General Automotive Repair 2
Gift, Novelty, and Souvenir Stores 3
Golf Courses and Country Clubs 2
Graphic Design Services 1
Historical Sites 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 1
Homes for the Elderly 1
Household Appliance Stores 1
Insurance Agencies and Brokerages 4
Interior Design Services 1
Internet Service Providers 1
Investment Advice 2
Jewelry Stores 2
Land Subdivision 2
Landscaping Services 5
Limited-Service Restaurants 5
Marketing Consulting Services 1
Masonry Contractors 2
Media Representatives 1
Mortgage and Nonmortgage Loan Brokers 1
New Car Dealers 1
New Housing Operative Builders 1
Newspaper Publishers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 2
Offices of Dentists 6
Offices of Lawyers 5
Offices of Real Estate Appraisers 1
Outdoor Power Equipment Stores 1
Paint and Wallpaper Stores 1
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 3
Racetracks 1
Real Estate Credit 2
Remediation Services 1
Residential Remodelers 3
Savings Institutions 5
Securities Brokerage 1
Septic Tank and Related Services 2
Sewage Treatment Facilities 1
Shoe Stores 1
Siding Contractors 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 6
Sporting Goods Stores 2
Tax Preparation Services 1
Travel Agencies 2
Used Car Dealers 1
Used Merchandise Stores 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 2
Women's Clothing Stores 1

Is Franchising a Better Option?

Visit the business district of Cohasset and you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?

Most business experts recommend that you investigate buying a franchise. On our site, you can read many articles about franchising, such as Benefits of Owning A Franchise. Get a thorough education on franchising by browsing all of our Articles on Franchising.

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

Representative franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

Note on Cohasset Franchise Opportunities: To find out if a franchise you are interested in is available in Cohasset, you will need to get in direct contact with the franchisor.

Have You Considered Buying an Existing Cohasset Business?

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

Before buying a business, be sure to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Business

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.

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

As a final piece of advice, remember that because you are planning on starting a business in Cohasset, it's imperative that you check now that your company name has not already been claimed by another Massachusetts business.

Forming a Company in Cohasset, Massachusetts

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

When forming a company, you will pick from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating 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. If you are starting a business in Massachusetts, it doesn't mean you are required to incorporate in Massachusetts. In fact, you are allowed to incorporate wherever you want. 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. To learn the fundamentals of company formation, browse articles on our site, such as C Corp Versus S Corp. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Cohasset, Massachusetts, our web page covering Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.

Don't Skip the Business Plan

Having a business plan is essential in laying a solid foundation for your business success. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan makes you more prone to becoming a business failure statistic.

If you want more information on writing business plans, we recommend reading Expert Advice on Business Plans. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Massachusetts.

Startup Financing Basics

Raising money to fund your new Cohasset business requires strong organization skills and perseverance. 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 Getting a Small Business Loan.

For Cohasset entrepreneurs in need of startup financing, we have assembled a List of Massachusetts Angel Investors and our List of Massachusetts Venture Capital Firms.

Promoting Your New Venture

To grow your Cohasset business, you'll need to have a good marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Billboard Advertising Costs discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Mastering the art of selling is a must if you want your new Cohasset business to do well.

So what does it take to bring in more prospects and close more business? The good news is we can help you to make selling a big competitve advantage for your new firm.

Hiring Good Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

How to Improve Your Entrepreneurial Abilities

The best entrepreneurs recognize that they don't know everything.

As an entrepreneur who lives in Cohasset, Massachusetts, you should check out some of the many programs available at nearby Massachusetts universities, colleges and community colleges. You should also check if there are any Cohasset networking organizations.

Next Steps

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

From this point on, you control your own destiny.

We are here to help Cohasset businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Cohasset, Massachusetts

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

 

 

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