January 16, 2021  
 
  Entrepreneurial Resources - Advice for Massachusetts Entrepreneurs  
  Harvard, Massachusetts Resources for Entrepreneurs  
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Starting a Business in Harvard, Massachusetts

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

Do You Have What It Takes?

Most startup ventures do not succeed, in part because the founder did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Talk to other entrepreneurs in Harvard. Get their candid feedback on what it takes to start a successful business.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. 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.

What Business Are You Starting?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading How to Evaluate a Business 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 Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that you are opening your new business in Harvard. If Harvard already has plenty of the kind of business you want to start, you might want to change your plans. Make sure you fully understand Harvard demographics before you lock in on your business idea.

Harvard, Massachusetts Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 690
5-9 Employees 240
10-19 Employees 42
20-49 Employees 30
50-99 Employees 6
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Harvard Businesses 1008

As a new Harvard entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Harvard 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
Architectural Services 3
Book Publishers 1
Bowling Centers 1
Cafeterias 1
Camera and Photographic Supplies Stores 1
Car Washes 2
Caterers 1
Child Day Care Services 2
Civic and Social Organizations 1
Computer Systems Design Services 2
Custom Computer Programming Services 5
Diagnostic Imaging Centers 1
Electrical Contractors 4
Electronic Shopping 2
Engineering Services 10
Environmental Consulting Services 1
Fine Arts Schools 1
Finish Carpentry Contractors 4
Fitness and Recreational Sports Centers 1
Food Service Contractors 1
Footwear Merchant Wholesalers 1
Full-Service Restaurants 3
Furniture Stores 2
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 1
Graphic Design Services 1
Hardware Merchant Wholesalers 1
Heating Oil Dealers 2
Home Health Care Services 1
Insurance Agencies and Brokerages 3
Investigation Services 1
Landscaping Services 2
Limited-Service Restaurants 1
Marketing Consulting Services 2
Masonry Contractors 1
Museums 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 1
Offices of Dentists 3
Offices of Lawyers 3
Offices of Other Holding Companies 1
Outdoor Power Equipment Stores 1
Packaging and Labeling Services 1
Pet Care (except Veterinary) Services 2
Pharmacies and Drug Stores 1
Radio Networks 1
Residential Remodelers 3
Savings Institutions 1
School and Employee Bus Transportation 1
Site Preparation Contractors 3
Software Publishers 2
Sports and Recreation Instruction 1
Testing Laboratories 1
Timber Tract Operations 1
Veterinary Services 1
Voluntary Health Organizations 1
Wholesale Trade Agents and Brokers 3
Women's Clothing Stores 1

Have You Considered Franchising?

As you drive around Harvard, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Understanding Franchise Contracts. 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.

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

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

What About Buying an Existing Harvard Business?

An excellent way to get started in business is to Buy a Business in Massachusetts. Follow that link and you may find several good businesses for sale in Harvard.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Selecting a Name For Your Startup

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.

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.

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

There's one other important factor when naming a business. Since you are starting a business in Harvard, it's imperative that you check now that no other Massachusetts company is using the business name you want to use.

Company Formation in Harvard, Massachusetts

It's essential that you are forming a legal entity that operates independently from you. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

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. Just because you are starting a business in Massachusetts, you don't necessarily have to incorporate in Massachusetts. As it turns out, you can 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Registered Agents. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Harvard, Massachusetts, our information on Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.

Make Sure You Have a Business Plan

A business plan is critical to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Presentations. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in Massachusetts.

Raising Money for Your New Venture

Getting your Harvard business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.

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

Letting the World Know You Exist

Whether your goal is to attract Harvard customers or you plan on selling elsewhere, you need a excellent marketing plan.

We have some great resources on this site for entrepreneurs who are working on marketing plans. Effective Direct Mail Campaigns discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

The Art of Selling

Mastering the art of selling is a must if you want your new Harvard business to do well.

The key to selling is to set sales goals goals and monitor your progress towards those goals. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling Products on eBay is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Increase Your Entrepreneurial Knowledge

Good entrepreneurs know that they don't know everything.

Given that you are starting a business in Harvard, Massachusetts, you will want to take advantage of the learning programs at local Massachusetts educational institutions. It's also worthwhile to see if there are any networking groups or organizations in which Harvard entrepreneurs get together to network and trade their business experiences.

Now It's Up To You

Most new Harvard 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 Harvard and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Harvard, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Harvard, Massachusetts

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

 

 

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