January 19, 2021  
 
  Entrepreneurial Resources - Advice for New York Entrepreneurs  
  Far Rockaway, New York Resources for Entrepreneurs  
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Starting a Business in Far Rockaway, New York

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

Are You Sure You Want to Do This?

Running your own business is hard work, much more challenging than working as an employee. Are you certain you are ready to take on this challenge?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Reach out to other entrepreneurs in Far Rockaway. Ask them candidly what it's like to run a business.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. 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?

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 Free Business Ideas.

For step-by-step instructions on starting a variety of business types, visit 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.

Don't forget that you are starting a business in Far Rockaway. Some businesses will do better in Far Rockaway than others. Make sure you fully understand Far Rockaway demographics before you lock in on your business idea.

As a new Far Rockaway entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Far Rockaway 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
Appliance Repair and Maintenance 2
Apprenticeship Training 1
Architectural Services 2
Automobile Driving Schools 2
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 1
Baked Goods Stores 1
Beauty Salons 8
Beer, Wine, and Liquor Stores 6
Boat Dealers 1
Cafeterias 1
Car Washes 2
Child and Youth Services 4
Child Day Care Services 14
Children's and Infants' Clothing Stores 3
Civic and Social Organizations 3
Clothing Accessories Stores 1
Coin-Operated Laundries and Drycleaners 8
Computer and Software Stores 2
Computer Systems Design Services 1
Confectionery and Nut Stores 1
Continuing Care Retirement Communities 1
Convenience Stores 2
Custom Computer Programming Services 1
Dental Laboratories 1
Diagnostic Imaging Centers 1
Direct Mail Advertising 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 1
Educational Support Services 2
Electric Power Distribution 1
Electrical Contractors 1
Elementary and Secondary Schools 11
Employment Placement Agencies 1
Engineering Services 1
Environmental Consulting Services 1
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 4
Facilities Support Services 1
Finish Carpentry Contractors 3
Fish and Seafood Markets 3
Fitness and Recreational Sports Centers 1
Food Service Contractors 2
Freight Transportation Arrangement 2
Full-Service Restaurants 10
Funeral Homes and Funeral Services 1
Furniture Stores 1
General Automotive Repair 5
General Freight Trucking, Local 4
General Medical and Surgical Hospitals 2
Gift, Novelty, and Souvenir Stores 2
Glass and Glazing Contractors 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 2
Homes for the Elderly 3
Household Appliance Stores 1
Industrial Launderers 2
Insurance Agencies and Brokerages 3
Interior Design Services 1
Investment Advice 1
Janitorial Services 2
Jewelry Stores 2
Land Subdivision 1
Landscaping Services 2
Limited-Service Restaurants 21
Limousine Service 2
Marinas 2
Masonry Contractors 1
Meat Markets 1
Medical Laboratories 1
Men's Clothing Stores 2
Motorcycle Dealers 1
Museums 1
Nail Salons 6
New Housing Operative Builders 1
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 15
Office Administrative Services 4
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 13
Offices of Lawyers 4
Offices of Podiatrists 5
Optical Goods Stores 1
Painting and Wall Covering Contractors 2
Parking Lots and Garages 1
Periodical Publishers 1
Perishable Prepared Food Manufacturing 1
Pharmacies and Drug Stores 16
Professional Employer Organizations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 2
Residential Property Managers 5
Residential Remodelers 2
Savings Institutions 1
School and Employee Bus Transportation 2
Security Guards and Patrol Services 2
Septic Tank and Related Services 3
Sheet Metal Work Manufacturing 1
Shoe Stores 2
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 5
Special Needs Transportation 1
Sporting Goods Stores 1
Temporary Help Services 1
Travel Agencies 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 3
Women's Clothing Stores 5

Have You Considered Franchising?

As you drive around Far Rockaway, you'll see that franchises make up a large percentage of local businesses. So, it probably makes sense for you to consider franchising too.

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Opportunities in International Franchising. 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.

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

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

Have You Considered Buying an Existing Far Rockaway Business?

If you have some capital to play with, you may want to Buy a Business in New York. Follow that link and you might discover several good businesses for sale in Far Rockaway.

For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.

Naming the Business

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

There's one other important factor when naming a business. Since you are starting a business in Far Rockaway, it's critical that you ensure that no other New York company is using the business name you want to use.

Forming a Company in Far Rockaway, New York

A critical step is ensuring that you form your business as a legal structure. Doing so will shield 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. If you are starting a business in New York, it doesn't mean you are required to incorporate in New York. In fact, you can incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Subchapter S Corporations. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Far Rockaway, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York.

Do You Need a Business Plan?

A business plan is essential to the health of your new business. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You should also take advantage of free business counselors available to you through your local SCORE chapter in New York.

Raising Money for Your New Venture

Getting your Far Rockaway business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. In fact, financing your new business may be the hardest challenge you ever face.

Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled Business Line of Credit.

For Far Rockaway entrepreneurs in need of startup financing, check out our List of New York Angel Investors and our List of New York Venture Capital Firms.

Marketing Your New Business

To rise above the crowd in Far Rockaway and grow your business, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Technology Marketing is an article that will stimulate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

Do you know how to sell? In order to attract customers to your new Far Rockaway business, you need to focus on sales.

The key to selling is to set sales goals goals and monitor your progress towards those goals. Let us help you refine your selling techniques through our many useful sales advice tips.

Cold Call Selling is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Advancing Your Entrepreneurial Skills

Successful entrepreneurs recognize that they don't know everything.

As an entrepreneur who lives in Far Rockaway, 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 Far Rockaway networking organizations.

Next Steps

As an entrepreneur in Far Rockaway, you won't be working for the boss anymore. You are the boss.

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 Far Rockaway and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Far Rockaway 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 Far Rockaway, New York

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

 

 

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