April 10, 2020  
 
  Entrepreneurial Resources - Advice for Pennsylvania Entrepreneurs  
  Hanover, Pennsylvania Resources for Entrepreneurs  
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Start a Business in Hanover, Pennsylvania

Are you starting a business in Hanover, Pennsylvania? This article discusses the most important things to consider when opening a business in Hanover.

Hanover, Pennsylvania Demographic Information

Hanover has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Hanover demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hanover.

Business Size# of
Businesses
1-4 Employees 13664
5-9 Employees 6720
10-19 Employees 4320
20-49 Employees 2808
50-99 Employees 1368
100-249 Employees 528
250-499 Employees 192
500-999 Employees 144
1000+ Employees 48
All Hanover Businesses 29792

As a new Hanover entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hanover 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 2
Aluminum Foundries (except Die-Casting) 1
Ambulance Services 1
Amusement Arcades 2
Architectural Services 3
Automotive Glass Replacement Shops 2
Automotive Parts and Accessories Stores 11
Automotive Transmission Repair 1
Ball and Roller Bearing Manufacturing 1
Barber Shops 2
Beauty Salons 31
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 5
Book Stores 3
Bowling Centers 2
Business Associations 1
Cable and Other Program Distribution 1
Canvas and Related Product Mills 1
Car Washes 4
Carpet and Upholstery Cleaning Services 1
Cemeteries and Crematories 3
Charter Bus Industry 1
Child Day Care Services 11
Civic and Social Organizations 11
Clothing Accessories Stores 2
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 2
Commercial Bakeries 1
Commercial Lithographic Printing 4
Commercial Photography 1
Commercial Screen Printing 1
Computer and Software Stores 1
Computer Systems Design Services 1
Concrete Block and Brick Manufacturing 3
Confectionery Merchant Wholesalers 1
Consumer Lending 3
Continuing Care Retirement Communities 1
Convenience Stores 4
Cosmetology and Barber Schools 2
Credit Unions 3
Custom Computer Programming Services 1
Dental Laboratories 1
Diagnostic Imaging Centers 1
Diet and Weight Reducing Centers 2
Discount Department Stores 2
Document Preparation Services 2
Drinking Places (Alcoholic Beverages) 15
Drywall and Insulation Contractors 3
Educational Support Services 1
Electric Power Distribution 1
Electrical Contractors 10
Elementary and Secondary Schools 1
Engineering Services 3
Exterminating and Pest Control Services 1
Family Clothing Stores 4
Family Planning Centers 1
Fine Arts Schools 2
Finish Carpentry Contractors 10
Fish and Seafood Markets 1
Fitness and Recreational Sports Centers 5
Floor Covering Stores 6
Flooring Contractors 4
Florists 3
Food (Health) Supplement Stores 2
Food Product Machinery Manufacturing 2
Framing Contractors 4
Freight Transportation Arrangement 1
Full-Service Restaurants 33
Funeral Homes and Funeral Services 3
Furniture Merchant Wholesalers 1
Furniture Stores 8
General Automotive Repair 19
General Freight Trucking, Local 4
General Medical and Surgical Hospitals 1
General Rental Centers 1
General Warehousing and Storage 3
Gift, Novelty, and Souvenir Stores 9
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 1
Grantmaking Foundations 1
Graphic Design Services 2
Hand and Edge Tool Manufacturing 1
Hardware Stores 2
Hazardous Waste Collection 1
Heating Oil Dealers 2
Historical Sites 1
Hobby, Toy, and Game Stores 4
Home Centers 1
Home Furnishing Merchant Wholesalers 2
Home Health Care Services 5
Home Health Equipment Rental 1
Homes for the Elderly 3
Household Appliance Stores 1
Ice Manufacturing 1
Industrial Launderers 2
Industrial Pattern Manufacturing 3
Insurance Agencies and Brokerages 20
Iron Foundries 1
Janitorial Services 10
Jewelry Stores 8
Land Subdivision 3
Landscaping Services 7
Lessors of Other Real Estate Property 1
Libraries and Archives 1
Limited-Service Restaurants 35
Local Messengers and Local Delivery 2
Locksmiths 1
Machine Shops 7
Mail-Order Houses 1
Masonry Contractors 11
Meat Markets 3
Medical Laboratories 1
Men's Clothing Stores 3
Metal Can Manufacturing 1
Mobile Food Services 2
Mortgage and Nonmortgage Loan Brokers 3
Motion Picture and Video Production 1
Motor Vehicle Towing 1
Motorcycle Dealers 2
Musical Instrument and Supplies Stores 2
Nail Salons 2
New Car Dealers 15
New Housing Operative Builders 2
News Dealers and Newsstands 1
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 2
Office Administrative Services 2
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 1
Offices of Bank Holding Companies 3
Offices of Certified Public Accountants 8
Offices of Chiropractors 10
Offices of Dentists 23
Offices of Lawyers 19
Offices of Optometrists 7
Offices of Podiatrists 3
Offices of Real Estate Appraisers 1
Optical Goods Stores 5
Outdoor Power Equipment Stores 4
Paint and Wallpaper Stores 4
Painting and Wall Covering Contractors 7
Paper Industry Machinery Manufacturing 1
Pen and Mechanical Pencil Manufacturing 1
Periodical Publishers 1
Perishable Prepared Food Manufacturing 1
Pet and Pet Supplies Stores 3
Pet Care (except Veterinary) Services 4
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 6
Photography Studios, Portrait 5
Political Organizations 1
Portfolio Management 3
Precision Turned Product Manufacturing 1
Quick Printing 3
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 2
Recreational Vehicle Dealers 2
Refrigerated Warehousing and Storage 1
Reinsurance Carriers 1
Residential Property Managers 3
Residential Remodelers 8
Roofing Contractors 3
Rooming and Boarding Houses 1
Savings Institutions 5
Sawmills 1
Securities Brokerage 7
Septic Tank and Related Services 1
Setup Paperboard Box Manufacturing 1
Sheet Metal Work Manufacturing 1
Shoe Stores 7
Siding Contractors 1
Sign Manufacturing 1
Site Preparation Contractors 4
Snack and Nonalcoholic Beverage Bars 5
Solid Waste Collection 1
Sporting Goods Stores 4
Sports and Recreation Instruction 1
Steel Wire Drawing 1
Tax Preparation Services 5
Telemarketing Bureaus 2
Temporary Help Services 5
Temporary Shelters 1
Tire Dealers 2
Title Abstract and Settlement Offices 3
Tobacco Stores 2
Tradebinding and Related Work 1
Travel Agencies 1
Used Car Dealers 12
Used Merchandise Stores 4
Vending Machine Operators 1
Veterinary Services 6
Video Tape and Disc Rental 4
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 5
Window Treatment Stores 1
Wired Telecommunications Carriers 4
Women's Clothing Stores 5
Wood Container and Pallet Manufacturing 1

What About Franchising Opportunities?

As you drive around Hanover, it's apparent that franchising has become a very popular way to start a business. Would going with a franchise be a good idea for you?

We highly recommend you investigate buying a franchise. We have many articles on franchises, such as Common Franchisee Mistakes. Become a franchising expert of sorts by reading more of our Articles on Franchising.

A comprehensive list of franchisors is available via our List of Franchise Opportunities.

Sample franchise opportunities include Red Roof Inns, Inc. and Pillar To Post - Professional Home Inspection. Alternatively, you can browse franchise categories, such as Seafood Restaurant Franchises and Employment and Staffing Franchises.

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

Is Buying an Existing Hanover Business a Good Strategy?

An excellent way to get started in business is to Buy a Business in Pennsylvania. Follow that link and you might discover several good businesses for sale in Hanover.

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

Picking a Business Name

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.

Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Branding Advice.

On a final note, given that you are starting a business in Hanover, it's critical that you ensure that no Pennsylvania company has already registered the company name you have selected.

Forming a Company in Hanover, Pennsylvania

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will decide among many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very popular way to form a business. 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 Pennsylvania, you don't necessarily have to incorporate in Pennsylvania. In fact, you are allowed to 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 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 Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Hanover, Pennsylvania, our web page covering Incorporating in Pennsylvania may be a useful resource if you decide to incorporate in Pennsylvania.

Raising Capital for Your Business

Obtaining startup financing for your Hanover business is a difficult chore. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on finding startup capital, such as SBIR Funding.

For Hanover entrepreneurs with great ambition but a shortage of investment capital, check out our List of Pennsylvania Angel Investors and our List of Pennsylvania Venture Capital Firms.

Building Up Your Sales

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

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Compensating Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

As an entrepreneur in Hanover, 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.

We are here to help Hanover 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 Hanover, Pennsylvania

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

 

 

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