Massachusetts Business Startup Guides
Starting a Business in Hyannis, Massachusetts
Thinking about starting a business in Hyannis, Massachusetts? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Hyannis.
Are You Sure You Want to Do This?
Most new businesses fail, in part because the founder did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Hyannis. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
What Business Are You Starting?
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Good Business Ideas.
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.
Remember that you are opening your new business in Hyannis. Some businesses will do better in Hyannis than others. Make sure you fully understand Hyannis demographics before you lock in on your business idea.
Hyannis, Massachusetts Demographic Information
Hyannis has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Hyannis demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Hyannis.
Businesses
As a new Hyannis entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Hyannis 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
Have You Considered Franchising?
As you drive around Hyannis, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. This site has dozens of articles on franchising, such as Five Franchise Opportunities To Watch. 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.
Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.
Note on Hyannis Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Hyannis.
Selecting a Name For Your Venture
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.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
There's one other important factor when naming a business. Since you are starting a business in Hyannis, it's imperative that you check now that no Massachusetts company has already registered the company name you have selected.
Make Sure You Have a Business Plan
A business plan is essential to the health of your new business. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Massachusetts.
Next Steps
Most new Hyannis 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 Hyannis and elsewhere to achieve real success. 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 Hyannis, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Hyannis.
- Resources for Hyannis, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Hyannis entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
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