January 24, 2021  
 
  Entrepreneurial Resources - Advice for New York Entrepreneurs  
  Hillsdale, New York Resources for Entrepreneurs  
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Starting a Business in Hillsdale, New York

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

Do You Have Entrepreneurial Drive and Passion?

Most new ventures do not succeed, in part because the entrepreneur 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.

To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:

  • Talk to other entrepreneurs in Hillsdale. Get their candid feedback on what it takes to start a successful business.
  • We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
  • Seek the advice of somebody who knows you well. 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.

Choosing the Right Company to Start

There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Business Ideas That Don't Make Sense.

For step-by-step instructions on starting a variety of business types, visit the 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 starting a business in Hillsdale. Some businesses will do better in Hillsdale than others. Don't forget to review Hillsdale demographics to see if there's a market for what you want to sell.

Hillsdale, New York Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 660
5-9 Employees 105
10-19 Employees 60
20-49 Employees 45
50-99 Employees 0
100-249 Employees 15
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Hillsdale Businesses 885

As a new Hillsdale entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hillsdale 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 1
Beer, Wine, and Liquor Stores 1
Book Publishers 1
Building Inspection Services 1
Custom Computer Programming Services 1
Drinking Places (Alcoholic Beverages) 1
Electrical Contractors 1
Environmental Consulting Services 1
Full-Service Restaurants 4
General Automotive Repair 2
General Freight Trucking, Local 1
Heating Oil Dealers 1
Hunting and Trapping 1
Insurance Agencies and Brokerages 2
Land Subdivision 1
Landscaping Services 4
Libraries and Archives 1
Logging 1
New Housing Operative Builders 1
Newspaper Publishers 1
Offices of Dentists 2
Offices of Lawyers 3
Periodical Publishers 1
Savings Institutions 1
Solid Waste Collection 1
Telecommunications Resellers 1
Veterinary Services 2

Should You Franchise?

Visit the business district of Hillsdale and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We highly recommend you consider franchising as an option. This site has dozens of articles on franchising, such as Common Franchisee Mistakes. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out 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 Hillsdale Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Hillsdale.

Have You Considered Buying an Existing Hillsdale Business?

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

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

Selecting a Name For Your Business

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.

Before you decide on a company name, run it by some prospective customers and see what they think. If they don't like it, it's probably a good idea to go back to the drawing board.

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 opening a business in Hillsdale, it's imperative that you check now that your company name has not already been claimed by another New York business.

Company Formation in Hillsdale, New York

A critical step is ensuring 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 corporation, LLC, sole proprietorship, partnership or other structure.

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. Just because you are starting a business in New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate in the state of your choosing. 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'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 Getting an EIN. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Hillsdale, New York, our web page covering Incorporating in New York may be a useful resource if you decide to incorporate in New York.

The Role of the Business Plan

Having a business plan is essential to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Business Plan Mistakes. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in New York.

Getting Money to Start a Business

Raising money to fund your new Hillsdale business is not an easy task. 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 Hillsdale entrepreneurs on the hunt for startup funding, we have assembled a List of New York Angel Investors and our List of New York Venture Capital Firms.

Getting the Word Out About Your New Business

To rise above the crowd in Hillsdale and build your business, having an excellent marketing plan is fundamental to your succeeding.

We have some excellent resources on this site for entrepreneurs who are working on marketing plans. Promoting an Online Business 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 taste 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 Hillsdale business to do well.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling on the Phone 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

Successful entrepreneurs know that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Hillsdale, New York, you should investigate some of the many programs available at nearby New York universities, colleges and community colleges. You should also check if there are any networking organizations for Hillsdale entrepreneurs.

Now It's Up To You

Most new Hillsdale businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Hillsdale and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Hillsdale entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Hillsdale, New York

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

 

 

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