January 22, 2021  
 
  Entrepreneurial Resources - Advice for North Carolina Entrepreneurs  
  Elizabethtown, North Carolina Resources for Entrepreneurs  
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Opening a Business in Elizabethtown, North Carolina

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

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Evaluating Your Idea.

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 TDD/TTY Telephone Service guide or our Starting a Computer Storage Devices Manufacturers Business guide.

Don't forget that Elizabethtown is the place where you are starting a business. The business you want to start may already be well-represented in Elizabethtown. A critical consideration is whether Elizabethtown demographics mesh well with your startup concept.

Elizabethtown, North Carolina 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.

Business Size# of
Businesses
1-4 Employees 2190
5-9 Employees 990
10-19 Employees 630
20-49 Employees 345
50-99 Employees 165
100-249 Employees 30
250-499 Employees 30
500-999 Employees 0
1000+ Employees 0
All Elizabethtown Businesses 4380

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.

Business Type # of
Businesses
Advertising Agencies 1
Appliance Repair and Maintenance 1
Art Dealers 1
Automotive Parts and Accessories Stores 3
Beauty Salons 1
Beer, Wine, and Liquor Stores 1
Boat Dealers 1
Business Associations 1
Cafeterias 1
Car Washes 1
Child Day Care Services 6
Coin-Operated Laundries and Drycleaners 3
Commercial Photography 1
Computer and Software Stores 1
Construction Sand and Gravel Mining 1
Consumer Lending 1
Convenience Stores 1
Credit Unions 2
Cut Stock, Resawing Lumber, and Planing 1
Discount Department Stores 1
Display Advertising 2
Document Preparation Services 1
Drywall and Insulation Contractors 1
Electric Power Distribution 1
Electrical Contractors 3
Exterminating and Pest Control Services 1
Family Clothing Stores 2
Farm Supplies Merchant Wholesalers 1
Fish and Seafood Markets 1
Fitness and Recreational Sports Centers 1
Floor Covering Stores 1
Florists 1
Food Service Contractors 1
Full-Service Restaurants 8
Funeral Homes and Funeral Services 3
Furniture Merchant Wholesalers 1
Furniture Stores 2
General Automotive Repair 1
General Freight Trucking, Local 2
General Medical and Surgical Hospitals 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 1
Hardware Stores 2
Heating Oil Dealers 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 7
Home Health Equipment Rental 1
Homes for the Elderly 1
Ice Manufacturing 1
Industrial Launderers 2
Institutional Furniture Manufacturing 1
Insurance Agencies and Brokerages 8
Investment Advice 1
Janitorial Services 1
Jewelry Stores 1
Kidney Dialysis Centers 1
Landscaping Services 1
Limited-Service Restaurants 14
Logging 10
Mail-Order Houses 1
Motor Vehicle Towing 1
New Car Dealers 3
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 3
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 4
Offices of Lawyers 10
Offices of Optometrists 1
Optical Goods Stores 2
Pet Care (except Veterinary) Services 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 3
Professional Organizations 3
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 1
Real Estate Investment Trusts 1
Roofing Contractors 1
Savings Institutions 1
Sawmills 1
Security Guards and Patrol Services 1
Sewage Treatment Facilities 1
Shoe Stores 1
Sign Manufacturing 1
Sporting Goods Stores 1
Support Activities for Forestry 3
Tax Preparation Services 1
Tire Dealers 3
Used Car Dealers 1
Veterinary Services 1
Video Tape and Disc Rental 2
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

Is Franchising a Better Option?

Visit the business district of Elizabethtown and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Should you be giving franchising serious consideration?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchising Pros and Cons. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Frats Ices and Churro Station. Alternatively, you can browse franchise categories, such as Child Care Franchises and Home Services Franchises.

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

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.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

For other considerations regarding naming a company, we recommend this article: Branding Advice.

On a final note, given that you are opening a business in Elizabethtown, it's very important that you make sure no other North Carolina company is using the business name you want to use.

Do You Need a Business Plan?

Having a business plan is essential in maximizing the prospects of your new company. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in North Carolina.

Startup Financing Basics

Getting your Elizabethtown business the capital it needs to succeed requires strong organization skills and perseverance. In fact, financing your new business may be the hardest challenge you ever face.

To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.

For Elizabethtown entrepreneurs with great ambition but a shortage of investment capital, we have assembled a List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.

Moving Forward

You have a dream -- starting a business in Elizabethtown. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

We are here to help Elizabethtown 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 Elizabethtown, North Carolina

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

 

 

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