January 22, 2021  
 
  Entrepreneurial Resources - Advice for New Hampshire Entrepreneurs  
  Laconia, New Hampshire Resources for Entrepreneurs  
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Starting a Business in Laconia, New Hampshire

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

Are You Ready for the Challenges of Being an Entrepreneur?

Before you get too far along in the process, assess your entrepreneurial instincts and capabilities.

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 Laconia. Listen closely to their experiences and see if you think you too can be successful.
  • 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. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

What Business to Start

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Free Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Heat Treating Business guide or our Starting a Hosiery & Socks Wholesale & Manufacturers Business guide.

Remember that starting a business in Laconia has some implications. The business you want to start may already be well-represented in Laconia. Make sure you fully understand Laconia demographics before you lock in on your business idea.

Laconia, New Hampshire Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 2224
5-9 Employees 882
10-19 Employees 606
20-49 Employees 306
50-99 Employees 120
100-249 Employees 54
250-499 Employees 24
500-999 Employees 0
1000+ Employees 6
All Laconia Businesses 4222

As a new Laconia entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Laconia 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
Aluminum Foundries (except Die-Casting) 1
Amusement Arcades 3
Architectural Services 1
Automotive Glass Replacement Shops 2
Automotive Parts and Accessories Stores 7
Automotive Transmission Repair 1
Beauty Salons 8
Bed-and-Breakfast Inns 1
Boat Dealers 3
Book Stores 1
Business Associations 2
Cafeterias 1
Canvas and Related Product Mills 1
Car Washes 1
Caterers 3
Cemeteries and Crematories 2
Child and Youth Services 1
Child Day Care Services 9
Civic and Social Organizations 7
Coin-Operated Laundries and Drycleaners 3
Commercial Lithographic Printing 2
Commercial Screen Printing 2
Community Food Services 1
Computer Systems Design Services 2
Computer Training 1
Confectionery and Nut Stores 2
Continuing Care Retirement Communities 1
Convenience Stores 6
Convention and Trade Show Organizers 1
Cosmetology and Barber Schools 1
Couriers 1
Curtain and Drapery Mills 1
Custom Computer Programming Services 1
Dental Laboratories 2
Direct Life Insurance Carriers 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 1
Educational Support Services 1
Electric Power Distribution 1
Electrical Contractors 8
Electronic Connector Manufacturing 1
Elementary and Secondary Schools 1
Employment Placement Agencies 1
Engineering Services 4
Exam Preparation and Tutoring 1
Family Clothing Stores 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 3
Floor Covering Stores 1
Florists 3
Food (Health) Supplement Stores 1
Footwear and Leather Goods Repair 1
Framing Contractors 2
Full-Service Restaurants 28
Funeral Homes and Funeral Services 2
Furniture Stores 1
General Automotive Repair 7
General Medical and Surgical Hospitals 1
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 8
Golf Courses and Country Clubs 2
Grantmaking Foundations 1
Graphic Design Services 2
Hand and Edge Tool Manufacturing 1
Hardware Merchant Wholesalers 2
Hardware Stores 1
Heating Oil Dealers 3
Home Centers 1
Home Health Care Services 3
Home Health Equipment Rental 2
Human Rights Organizations 2
Insurance Agencies and Brokerages 11
Interurban and Rural Bus Transportation 1
Investigation Services 1
Investment Advice 1
Janitorial Services 4
Jewelry Stores 2
Kidney Dialysis Centers 1
Land Subdivision 1
Landscape Architectural Services 1
Landscaping Services 11
Limited-Service Restaurants 18
Linen Supply 1
Locksmiths 1
Luggage and Leather Goods Stores 1
Machine Shops 7
Marinas 5
Marketing Consulting Services 2
Masonry Contractors 2
Meat Markets 1
Metal Heat Treating 1
Metal Stamping 2
Motion Picture and Video Production 1
Motorcycle Dealers 2
Museums 2
New Car Dealers 6
New Housing Operative Builders 1
Newspaper Publishers 3
Nonresidential Property Managers 1
Nursing Care Facilities 4
Office Administrative Services 6
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 7
Offices of Chiropractors 4
Offices of Dentists 15
Offices of Lawyers 22
Offices of Optometrists 2
One-Hour Photofinishing 2
Outdoor Power Equipment Stores 1
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 4
Pet and Pet Supplies Stores 2
Pet Care (except Veterinary) Services 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Photography Studios, Portrait 2
Real Estate Credit 1
Residential Property Managers 6
Residential Remodelers 7
Retail Bakeries 1
Roofing Contractors 4
Sales Financing 1
Savings Institutions 3
Sawmills 1
Securities Brokerage 3
Security Guards and Patrol Services 1
Shoe Stores 2
Siding Contractors 1
Sign Manufacturing 1
Site Preparation Contractors 4
Skiing Facilities 1
Snack and Nonalcoholic Beverage Bars 10
Solid Waste Landfill 1
Sporting Goods Stores 8
Sports and Recreation Instruction 2
Tax Preparation Services 2
Taxi Service 2
Temporary Shelters 2
Tire Dealers 3
Title Abstract and Settlement Offices 1
Travel Agencies 2
Used Car Dealers 2
Used Household and Office Goods Moving 2
Used Merchandise Stores 4
Veterinary Services 1
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 2
Wholesale Trade Agents and Brokers 2
Wired Telecommunications Carriers 1
Women's Clothing Stores 1

What About Franchising Opportunities?

Browse the Yellow Pages for Laconia and you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Franchising and Veterans. Become a franchising expert of sorts by reading more of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include El Pollo Loco, Inc. and ExxonMobil Corporation. Alternatively, you can browse franchise categories, such as Wine Franchises and Framing Store Franchises.

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

Naming the Company

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 should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

For other considerations regarding naming a company, we recommend this article: Branding Advice.

On a final note, given that you are starting a business in Laconia, it's very important that you make sure your company name has not already been claimed by another New Hampshire business.

Raising Capital for Your Venture

Raising money to fund your new Laconia business is not an easy task. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Borrowing Money from Friends and Family.

For Laconia entrepreneurs in need of startup financing, check out our List of New Hampshire Angel Investors and our List of New Hampshire Venture Capital Firms.

Improving Your Entrepreneurial Skillset

Good business owners recognize that they need to continually improve.

With your business being located in Laconia, New Hampshire, you should investigate some of the many programs available at nearby New Hampshire universities, colleges and community colleges. You should also check if there are any Laconia networking organizations.

Never Give Up

You have a dream -- starting a business in Laconia. To achieve your dream, you have to persevere, even when the odds are against you.

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

We are here to help Laconia businesses to be successful. 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 Laconia, New Hampshire

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

 

 

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