North Carolina Business Startup Guides
Starting a Business in Fayetteville, North Carolina
Thinking about starting a business in Fayetteville, North Carolina? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Fayetteville.
What Type of Business Should You Start?
An important decision is what kind of business you want to start. To stir your creative juices on what kind of business to start, take a look at 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 Opening a Wholesaler & Manufacturer Vending Machine Parts & Supplies Business guide or our How to Start a Wallpapers & Wallcoverings Equipment & Supplies Store guide.
Don't forget that starting a business in Fayetteville has some implications. Think about what needs are currently being underserved in Fayetteville. Study Fayetteville demographics and do a competitive analysis as part of your startup planning process.
Fayetteville, North Carolina Demographic Information
Fayetteville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Fayetteville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Fayetteville.
Businesses
As a new Fayetteville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fayetteville 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.
Businesses
Should You Franchise?
As you drive around Fayetteville, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Should you be giving franchising serious consideration?
Most business experts recommend that you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Multi-Unit Franchising. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Hamburger Mary's Bar & Grille and Kidstage. Alternatively, you can browse franchise categories, such as Carpet Retail Franchises and Home Inspection Franchises.
Note on Fayetteville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Fayetteville.
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
On a final note, given that you are starting a business in Fayetteville, it's imperative that you check now that your company name has not already been claimed by another North Carolina business.
Forming a Company in Fayetteville, North Carolina
It's essential that you form your business as a legal structure. Doing so will insulate you from personal liability for business debts and obligations.
When forming a company, you will choose from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
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 North Carolina, you don't necessarily have to incorporate in North Carolina. As it turns out, you can 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 Why Incorporate in Delaware. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Fayetteville, North Carolina, our web page covering Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Marketing Your New Company
To rise above the crowd in Fayetteville and grow your business, you need a excellent marketing plan.
You can learn plenty about marketing on our site. Examples of Marketing Strategies 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.
Never Give Up
Most new Fayetteville 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.
Our goal here is to promote the vitality and growth of small businesses in Fayetteville and throughout the United States . 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 Fayetteville, North Carolina
Here are more links that we believe will help you be successful in starting a business in Fayetteville.
- Resources for Fayetteville, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Fayetteville entrepreneurs.
- North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
- North Carolina SBA - With offices in Charlotte, Wilmington, Raleigh and Asheville, the SBA organizes many events and provides useful resources for new entrepreneurs and growing businesses throughout North Carolina.
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