January 19, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Hoffman Estates, Illinois Resources for Entrepreneurs  
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Start a Business in Hoffman Estates, Illinois

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

Do You Have What It Takes?

An entrepreneurial life is hard work, much more challenging than working as an employee. Are you positive you have the stamina and skills to succeed on your own?

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Hoffman Estates. 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.

Which Business to Choose?

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Annuities Business guide or our Opening a Speech Correction School guide.

Don't forget that your new startup will be located in Hoffman Estates. Some businesses will do better in Hoffman Estates than others. Only by spending some time analyzing Hoffman Estates demographics can you decide if there will be strong demand for your business idea.

Hoffman Estates, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 852
5-9 Employees 177
10-19 Employees 99
20-49 Employees 54
50-99 Employees 33
100-249 Employees 12
250-499 Employees 12
500-999 Employees 6
1000+ Employees 6
All Hoffman Estates Businesses 1251

As a new Hoffman Estates entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hoffman Estates 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
Appliance Repair and Maintenance 7
Architectural Services 1
Automotive Parts and Accessories Stores 1
Beauty Salons 2
Beer, Wine, and Liquor Stores 1
Carpet and Upholstery Cleaning Services 1
Child Day Care Services 3
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 1
Commercial Lithographic Printing 2
Computer Facilities Management Services 1
Computer Systems Design Services 10
Convenience Stores 3
Custom Computer Programming Services 16
Dental Laboratories 1
Direct Mail Advertising 1
Discount Department Stores 1
Electrical Contractors 5
Elementary and Secondary Schools 1
Engineering Services 4
Exam Preparation and Tutoring 1
Facilities Support Services 1
Family Clothing Stores 1
Family Planning Centers 1
Finish Carpentry Contractors 2
Fitness and Recreational Sports Centers 2
Florists 1
Food Service Contractors 4
Freight Transportation Arrangement 3
Full-Service Restaurants 7
Furniture Stores 1
General Automotive Repair 2
General Freight Trucking, Local 6
General Warehousing and Storage 20
Gift, Novelty, and Souvenir Stores 1
Homes for the Elderly 1
Household Appliance Stores 1
Industrial Launderers 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 7
International Trade Financing 1
Internet Service Providers 1
Investment Advice 2
Janitorial Services 4
Jewelry Stores 1
Junior Colleges 1
Landscaping Services 3
Limited-Service Restaurants 9
Limousine Service 3
Local Messengers and Local Delivery 1
Marketing Consulting Services 6
Masonry Contractors 1
Mortgage and Nonmortgage Loan Brokers 5
Motion Picture and Video Production 1
New Housing Operative Builders 1
Nonresidential Property Managers 1
Nursing Care Facilities 1
Office Administrative Services 2
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 3
Offices of Lawyers 5
Offices of Other Holding Companies 1
Optical Goods Stores 2
Packaging and Labeling Services 1
Paging 1
Painting and Wall Covering Contractors 2
Pet and Pet Supplies Stores 1
Pet Care (except Veterinary) Services 1
Portfolio Management 1
Private Mail Centers 2
Ready-Mix Concrete Manufacturing 1
Residential Remodelers 8
Retail Bakeries 1
Roofing Contractors 1
Sales Financing 4
Securities Brokerage 2
Siding Contractors 2
Snack and Nonalcoholic Beverage Bars 4
Software Publishers 1
Sports and Recreation Instruction 1
Sports Teams and Clubs 1
Temporary Help Services 1
Tile and Terrazzo Contractors 1
Translation and Interpretation Services 1
Travel Agencies 2
Used Car Dealers 1
Used Merchandise Stores 1
Video Tape and Disc Rental 1
Wholesale Trade Agents and Brokers 5
Wired Telecommunications Carriers 1

What About Franchising Opportunities?

As you drive around Hoffman Estates, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

We advise the entrepreneurs we work with to consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Multi-Unit Franchising. 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 Taco Del Mar and Milex Tune Up and Brake. Alternatively, you can browse franchise categories, such as Home Décor Franchises and Mexican Restaurant Franchises.

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

Have You Considered Buying an Existing Hoffman Estates Business?

If you have some capital to play with, you may want to Buy a Business in Illinois. Follow that link and you might discover several good businesses for sale in Hoffman Estates.

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

Make Sure You Have a Business Plan

A business plan is essential in maximizing the prospects of your new company. Indeed, 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 Plan Software. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Illinois.

Now It's Up To You

As an entrepreneur in Hoffman Estates, you won't be working for the boss anymore. You are the boss.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Hoffman Estates and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Hoffman Estates 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 Hoffman Estates, Illinois

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

 

 

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