August 11, 2020  
 
  Entrepreneurial Resources - Advice for North Carolina Entrepreneurs  
  Concord, North Carolina Resources for Entrepreneurs  
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Opening a Business in Concord, North Carolina

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

What Business Are You Starting?

There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Opening a Bail Bond Company guide or our Starting a Brushes & Brooms Retail Business guide.

Don't forget that you are starting a business in Concord. Some businesses will do better in Concord than others. A critical consideration is whether Concord demographics mesh well with your startup concept.

Concord, North Carolina Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 41756
5-9 Employees 15345
10-19 Employees 10758
20-49 Employees 8085
50-99 Employees 2871
100-249 Employees 1584
250-499 Employees 396
500-999 Employees 99
1000+ Employees 99
All Concord Businesses 80993

As a new Concord entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Concord 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 3
Air Traffic Control 1
Ambulance Services 1
Amusement and Theme Parks 1
Amusement Arcades 2
Animal (except Poultry) Slaughtering 1
Appliance Repair and Maintenance 1
Architectural Services 6
Art Dealers 1
Automotive Exhaust System Repair 2
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 14
Automotive Transmission Repair 1
Baked Goods Stores 2
Ball and Roller Bearing Manufacturing 1
Barber Shops 2
Beauty Salons 20
Beer and Ale Merchant Wholesalers 1
Beer, Wine, and Liquor Stores 5
Book Publishers 1
Book Stores 4
Broadwoven Fabric Finishing Mills 1
Building Inspection Services 2
Business Associations 3
Business to Business Electronic Markets 1
Cafeterias 3
Camera and Photographic Supplies Stores 1
Car Washes 6
Carpet and Upholstery Cleaning Services 3
Caterers 1
Child and Youth Services 4
Child Day Care Services 22
Children's and Infants' Clothing Stores 5
Cigarette Manufacturing 1
Civic and Social Organizations 7
Claims Adjusting 1
Clothing Accessories Stores 6
Coffee and Tea Manufacturing 1
Coin-Operated Laundries and Drycleaners 2
Collection Agencies 2
Commercial Bakeries 1
Commercial Lithographic Printing 2
Commercial Photography 4
Commercial Screen Printing 1
Community Food Services 1
Computer and Software Stores 4
Computer Facilities Management Services 1
Computer Systems Design Services 11
Concrete Block and Brick Manufacturing 1
Confectionery and Nut Stores 1
Consumer Lending 6
Convenience Stores 3
Convention and Trade Show Organizers 2
Cosmetology and Barber Schools 1
Couriers 1
Credit Unions 5
Curtain and Drapery Mills 1
Custom Compounding of Purchased Resins 2
Custom Computer Programming Services 6
Dental Laboratories 2
Diagnostic Imaging Centers 1
Diet and Weight Reducing Centers 1
Direct Life Insurance Carriers 2
Direct Title Insurance Carriers 2
Discount Department Stores 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 7
Educational Support Services 1
Electric Power Distribution 2
Electrical Contractors 34
Electronic Shopping 2
Elementary and Secondary Schools 5
Emergency and Other Relief Services 1
Employment Placement Agencies 1
Engineering Services 11
Environmental Consulting Services 3
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 2
Family Clothing Stores 23
Family Planning Centers 1
Fine Arts Schools 5
Finish Carpentry Contractors 11
Fitness and Recreational Sports Centers 14
Flight Training 1
Floor Covering Stores 3
Flooring Contractors 3
Florists 5
Food (Health) Supplement Stores 4
Food Service Contractors 7
Footwear Merchant Wholesalers 1
Formal Wear and Costume Rental 1
Framing Contractors 11
Freight Transportation Arrangement 2
Fruit and Vegetable Markets 1
Full-Service Restaurants 74
Funeral Homes and Funeral Services 3
Furniture Merchant Wholesalers 2
Furniture Stores 10
General Automotive Repair 21
General Freight Trucking, Local 8
General Medical and Surgical Hospitals 1
General Rental Centers 6
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 10
Glass and Glazing Contractors 6
Golf Courses and Country Clubs 3
Grantmaking Foundations 1
Graphic Design Services 8
Hardware Merchant Wholesalers 1
Hardware Stores 3
Hazardous Waste Treatment and Disposal 1
Historical Sites 2
Hobby, Toy, and Game Stores 7
Home Centers 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 10
Home Health Equipment Rental 1
Homes for the Elderly 9
Household Appliance Stores 3
Industrial Launderers 1
Insurance Agencies and Brokerages 43
Interior Design Services 1
Internet Publishing and Broadcasting 2
Internet Service Providers 2
Interurban and Rural Bus Transportation 1
Investigation Services 2
Investment Advice 6
Janitorial Services 22
Jewelry Stores 19
Kidney Dialysis Centers 1
Land Subdivision 10
Landscape Architectural Services 3
Landscaping Services 39
Lessors of Other Real Estate Property 4
Limited-Service Restaurants 65
Local Messengers and Local Delivery 3
Logging 2
Luggage and Leather Goods Stores 2
Machine Shops 13
Mail-Order Houses 1
Manufactured (Mobile) Home Dealers 2
Marketing Consulting Services 6
Masonry Contractors 16
Medical Laboratories 1
Men's Clothing Stores 7
Mobile Food Services 1
Mortgage and Nonmortgage Loan Brokers 6
Motion Picture and Video Production 1
Motor Vehicle Body Manufacturing 2
Motor Vehicle Towing 6
Motorcycle Dealers 1
Musical Groups and Artists 2
Musical Instrument and Supplies Stores 2
Nail Salons 2
Natural Gas Distribution 1
New Car Dealers 12
New Housing Operative Builders 9
Newspaper Publishers 1
Nonresidential Property Managers 6
Nursing Care Facilities 7
Office Administrative Services 3
Office Supplies and Stationery Stores 3
Offices of Certified Public Accountants 10
Offices of Chiropractors 12
Offices of Dentists 22
Offices of Lawyers 38
Offices of Optometrists 7
Offices of Other Holding Companies 3
Offices of Podiatrists 3
Offices of Real Estate Appraisers 7
Open-End Investment Funds 1
Optical Goods Stores 7
Outdoor Power Equipment Stores 1
Outerwear Knitting Mills 3
Packaging and Labeling Services 1
Paint and Coating Manufacturing 1
Paint and Wallpaper Stores 3
Painting and Wall Covering Contractors 15
Passenger Car Rental 1
Periodical Publishers 1
Pet and Pet Supplies Stores 3
Pet Care (except Veterinary) Services 4
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 14
Photography Studios, Portrait 9
Political Organizations 1
Poultry Processing 1
Private Mail Centers 2
Professional Employer Organizations 3
Professional Organizations 2
Public Relations Agencies 2
Quick Printing 2
Racetracks 5
Radio Networks 1
Radio Stations 2
Ready-Mix Concrete Manufacturing 5
Real Estate Credit 6
Real Estate Investment Trusts 1
Recreational Vehicle Dealers 3
Remediation Services 2
Residential Property Managers 11
Residential Remodelers 14
Retail Bakeries 1
Reupholstery and Furniture Repair 1
Roofing Contractors 2
Sales Financing 1
Securities Brokerage 9
Security Guards and Patrol Services 4
Sheer Hosiery Mills 1
Shoe Stores 30
Siding Contractors 8
Sign Manufacturing 5
Site Preparation Contractors 10
Snack and Nonalcoholic Beverage Bars 10
Soft Drink Manufacturing 1
Software Publishers 1
Solid Waste Collection 4
Solid Waste Landfill 1
Sporting Goods Stores 10
Sports and Recreation Instruction 5
Tax Preparation Services 4
Telecommunications Resellers 1
Telemarketing Bureaus 1
Telephone Answering Services 1
Temporary Help Services 4
Temporary Shelters 1
Textile Machinery Manufacturing 2
Theater Companies and Dinner Theaters 1
Tile and Terrazzo Contractors 4
Tire and Tube Merchant Wholesalers 2
Tire Dealers 9
Travel Agencies 2
Travel Trailer and Camper Manufacturing 1
Used Car Dealers 10
Used Household and Office Goods Moving 1
Used Merchandise Stores 1
Vending Machine Operators 1
Veterinary Services 7
Video Tape and Disc Rental 6
Vocational Rehabilitation Services 3
Warehouse Clubs and Supercenters 4
Wholesale Trade Agents and Brokers 22
Window Treatment Stores 1
Wired Telecommunications Carriers 6
Women's Clothing Stores 31

Should You Franchise?

Visit the business district of Concord and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Growth Trends in Franchising. 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 V2K Window Decor & More and La Porchetta Pizza & Pasta Restaurants. Alternatively, you can browse franchise categories, such as Auto Rental Franchises and Modeling Franchises.

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

Company Formation in Concord, North Carolina

It's very important that you form your business as a legal structure. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.

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

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. In fact, you can 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 Nevada Incorporation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Concord, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.

Do You Need a Business Plan?

Having a business plan is critical 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.

To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in North Carolina.

Marketing Your New Business

To grow your Concord business, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Advertising on the Web 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.

Next Steps

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

This site is all about helping entrepreneurs in Concord and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Concord entrepreneur who is just getting started or you are already up and running with your new venture.

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

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

 

 

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