North Carolina Business Startup Guides
Start a Business in Goldsboro, North Carolina
Are you starting a business in Goldsboro, North Carolina? This article discusses the most important things to consider when opening a business in Goldsboro.
Do You Have What It Takes?
Most startup companies do not succeed, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Goldsboro. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Goldsboro, North Carolina Demographic Information
Goldsboro has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Goldsboro demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Goldsboro.
Businesses
As a new Goldsboro entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Goldsboro 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
Naming the Company
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.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.
There's one other important factor when naming a business. Since you are opening a business in Goldsboro, it's imperative that you check now that no other North Carolina company is using the business name you want to use.
Forming a Company in Goldsboro, North Carolina
It's very important that you form your business as a legal structure. Doing so will insulate 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 common way to legally create a business entity. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in North Carolina, it doesn't mean you are required to incorporate in North Carolina. In fact, you are allowed to 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 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 Goldsboro, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Where to Get Money to Start a Company
Getting your Goldsboro 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.
Take advantage of our many articles on raising money, such as Getting a Small Business Loan.
For Goldsboro 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.
Promoting Your New Business
To grow your Goldsboro business, you need a excellent marketing plan.
You can learn a ton about marketing on our site. Six Tips for Getting Customer Testimonials discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just one of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Mastering the art of selling is essential if you want your new Goldsboro business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. The good news is we can help you to make selling a big competitve advantage for your new firm.
Hiring Telemarketing Firms to Generate Sales Leads is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Now It's Up To You
Most new Goldsboro businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Goldsboro 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 Goldsboro, North Carolina
Here are more links that we believe will help you be successful in starting a business in Goldsboro.
- Resources for Goldsboro, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Goldsboro 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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