New York Business Startup Guides
Starting a Business in Lackawanna, New York
Thinking about starting a business in Lackawanna, New York? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Lackawanna.
Is Franchising a Better Option?
As you drive around Lackawanna, 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 look into purchasing a franchise. This site has dozens of articles on franchising, such as Detecting Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can review hundreds of franchise opportunities by browing our Franchise Directory.
Sample franchise opportunities include Value Place and Disaster Kleenup. Alternatively, you can browse franchise categories, such as Textile Repair Franchises and Health and Diet Franchises.
Note on Lackawanna Franchise Opportunities: To find out if a franchise you are interested in is available in Lackawanna, you will need to get in direct contact with the franchisor.
What About Buying an Existing Lackawanna Business?
An excellent way to get started in business is to Buy a Business in New York. Follow that link and you can assess several good businesses for sale in Lackawanna.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Picking a Business 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.
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: Naming a Business.
As a final piece of advice, remember that because you are opening a business in Lackawanna, it's critical that you ensure that no other New York company is using the business name you want to use.
Forming a Company in Lackawanna, New York
A critical step is ensuring that you choose the right legal structure for your new entity. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in New York, it doesn't mean you are required to incorporate in New York. As it turns out, 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 are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Where to Incorporate. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Lackawanna, New York, our information on Incorporating in New York may be a useful resource if you decide to incorporate in New York.
Startup Financing Basics
Getting your Lackawanna business the capital it needs to succeed is a difficult chore. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Take advantage of our many articles on finding startup capital, such as 504 Loans.
For Lackawanna entrepreneurs on the hunt for startup funding, check out our List of New York Angel Investors and our List of New York Venture Capital Firms.
The Art of Selling
Do you know how to sell? In order to attract customers to your new Lackawanna business, you need to focus on sales.
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 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.
Moving Forward
As an entrepreneur in Lackawanna, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Lackawanna and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Lackawanna 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 Lackawanna, New York
Here are more links that we believe will help you be successful in starting a business in Lackawanna.
- Resources for Lackawanna, New York Entrepreneurs - Browse a variety of resources we've collected to assist Lackawanna entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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