New York Business Startup Guides
Opening a Business in Elizabethtown, New York
Contemplating starting a business in Elizabethtown, New York? We walk you through the process of opening a business in Elizabethtown.
Are You Ready for the Challenges of Being an Entrepreneur?
Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.
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 Elizabethtown. 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.
Elizabethtown, New York Demographic Information
Elizabethtown has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Elizabethtown demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Elizabethtown.
As a new Elizabethtown entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Elizabethtown 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.
Have You Considered Buying an Existing Elizabethtown Business?
We've created a handy website page for those who want to Buy a Business in New York. Follow that link and you may find several good businesses for sale in Elizabethtown.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Company Formation in Elizabethtown, New York
It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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. Just because you are starting a business in New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate wherever you want. 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 C Corp Versus S Corp. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Elizabethtown, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York.
Startup Financing Basics
Getting your Elizabethtown business the capital it needs to succeed is not an easy task. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Angel Investors.
Learning More About Entrepreneurship
Successful entrepreneurs know that they don't know everything.
With your business being located in Elizabethtown, New York, you will want to take advantage of the many programs available at nearby New York universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Elizabethtown entrepreneurs get together to network and trade their business experiences.
Never Give Up
You have a dream -- starting a business in Elizabethtown. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Elizabethtown and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Elizabethtown 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 Elizabethtown, New York
Here are more links that we believe will help you be successful in starting a business in Elizabethtown.
- Resources for Elizabethtown, New York Entrepreneurs - Browse a variety of resources we've collected to assist Elizabethtown entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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