Florida Business Startup Guides
Starting a Business in Key Biscayne, Florida
Thinking about starting a business in Key Biscayne, Florida? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Key Biscayne.
Are You Sure You Want to Do This?
Most new companies fail, in part because the business owner 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.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Key Biscayne. Ask them candidly what it's like to run a business.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. 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?
There are many businesses that you can start. How do you know which type of business is right for you? If you are struggling with what type of business to start, read Free 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 Opening a Wastewater Control Equipment Business guide or our Opening a Museums Business guide.
Always keep in mind that starting a business in Key Biscayne has some implications. Some businesses will do better in Key Biscayne than others. Only by spending some time analyzing Key Biscayne demographics can you decide if there will be strong demand for your business idea.
Key Biscayne, Florida Demographic Information
Key Biscayne has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Key Biscayne demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Key Biscayne.
Businesses
As a new Key Biscayne entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Key Biscayne 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
What About Franchising Opportunities?
As you drive around Key Biscayne, 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. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Franchising Scams. 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 Palm Beach Specialty Coffee and Booster Juice. Alternatively, you can browse franchise categories, such as Wine Franchises and Marketing, Sales and Advertising Franchises.
Note on Key Biscayne Franchise Opportunities: To find out if a franchise you are interested in is available in Key Biscayne, you will need to get in direct contact with the franchisor.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
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.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are planning on starting a business in Key Biscayne, it's imperative that you check now that you will be the only Florida company using the business name you have chosen.
Raising Funding for Your Venture
Finding the funds to fuel the growth of your Key Biscayne business 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.
Take advantage of our many articles on raising money, such as 504 Loans.
For Key Biscayne entrepreneurs with great ambition but a shortage of investment capital, you'll want to take a look at our List of Florida Angel Investors and our List of Florida Venture Capital Firms.
Selling Tips
Mastering the art of selling is a must if you want your new Key Biscayne business to do well.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Sales Training offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Next Steps
Most new Key Biscayne 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.
This site is all about helping entrepreneurs in Key Biscayne and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Key Biscayne, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Key Biscayne, Florida
Here are more links that we believe will help you be successful in starting a business in Key Biscayne.
- Resources for Key Biscayne, Florida Entrepreneurs - Browse a variety of resources we've collected to assist Key Biscayne entrepreneurs.
- Florida Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Florida.
- Florida Small Business Development Center - The Florida Small Business Development Center Network (FSBDCN) is a statewide economic development partnership between higher education and other stakeholder organizations dedicated to providing entrepreneurs and established businesses with the assistance needed to start, grow and succeed, contributing to the Florida economy.
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