North Carolina Business Startup Guides
Starting a Business in High Point, North Carolina
Thinking about starting a business in High Point, North Carolina? This step-by-step guide walks you through the major decisions you should consider before opening a new business in High Point.
Choosing the Right Company to Start
Choosing a business that is right for you is very important. To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.
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 Mantels Business guide or our Opening a Tents Wholesale & Manufacturers Business guide.
Don't forget that your new startup will be located in High Point. Some businesses will do better in High Point than others. Only by spending some time analyzing High Point demographics can you decide if there will be strong demand for your business idea.
High Point, North Carolina Demographic Information
High Point has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for High Point demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in High Point.
Businesses
As a new High Point entrepreneur, you may also be interested in the table below. It shows how many businesses there are in High Point 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
Is Franchising a Better Option?
As you drive around High Point, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. Is there a franchise opportunity out there that makes sense for you?
Our recommendation is that you investigate buying a franchise. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Mistakes. 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 Tutorium, Inc. and Living Lighting. Alternatively, you can browse franchise categories, such as Retail Franchises and Party Supply Franchises.
Note on High Point Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in High Point.
Choosing a Company 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.
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.
For other considerations regarding naming a company, we recommend this article: Naming a Business.
As a final piece of advice, remember that because you are opening a business in High Point, it's imperative that you check now that no other North Carolina company is using the business name you want to use.
Startup Financing Basics
Getting your High Point business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. 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 securing funding, such as Business Cash Advances.
For High Point entrepreneurs with great ambition but a shortage of investment capital, check out our List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.
Marketing Your New Business
Whether your goal is to attract High Point customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
You can learn quite a bit about marketing on our site. Buying Radio Ads 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.
How to Improve Your Entrepreneurial Abilities
The best entrepreneurs know that they don't know everything.
Given that you are starting a business in High Point, North Carolina, you will want to take advantage of the many programs available at nearby North Carolina universities, colleges and community colleges. It's also worthwhile to see if there are any High Point networking organizations.
Now It's Up To You
Most new High Point businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in High Point and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in High Point, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in High Point, North Carolina
Here are more links that we believe will help you be successful in starting a business in High Point.
- Resources for High Point, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist High Point 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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