January 18, 2021  
 
  Entrepreneurial Resources - Advice for New York Entrepreneurs  
  Maspeth, New York Resources for Entrepreneurs  
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Starting a Business in Maspeth, New York

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

Are You Ready for Entrepreneurship?

Being an entrepreneur is demanding, much more challenging than working as an employee. Are you certain you want to go into business for yourself?

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Talk to other entrepreneurs in Maspeth. 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 Are You Starting?

There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at 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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that your new business will be in Maspeth. Some businesses will do better in Maspeth than others. Make sure you fully understand Maspeth demographics before you lock in on your business idea.

As a new Maspeth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Maspeth 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
Architectural Services 2
Art Dealers 2
Automotive Exhaust System Repair 1
Automotive Parts and Accessories Stores 4
Barber Shops 2
Beauty Salons 7
Beer and Ale Merchant Wholesalers 1
Beer, Wine, and Liquor Stores 5
Blind and Shade Manufacturing 1
Book Publishers 1
Car Washes 1
Caterers 3
Cemeteries and Crematories 2
Coin-Operated Laundries and Drycleaners 5
Commercial Bakeries 1
Commercial Lithographic Printing 1
Commercial Photography 1
Commercial Screen Printing 1
Community Food Services 1
Computer and Software Stores 1
Computer Systems Design Services 1
Confectionery and Nut Stores 1
Consumer Lending 1
Convenience Stores 3
Convention and Trade Show Organizers 1
Couriers 7
Diagnostic Imaging Centers 1
Digital Printing 1
Display Advertising 1
Drinking Places (Alcoholic Beverages) 11
Drywall and Insulation Contractors 7
Electrical Contractors 22
Elementary and Secondary Schools 2
Engineering Services 3
Envelope Manufacturing 1
Exterminating and Pest Control Services 2
Farm Supplies Merchant Wholesalers 1
Fine Arts Schools 1
Finish Carpentry Contractors 13
Fish and Seafood Markets 1
Fish and Seafood Merchant Wholesalers 3
Fitness and Recreational Sports Centers 4
Floor Covering Stores 5
Flooring Contractors 6
Florists 3
Folding Paperboard Box Manufacturing 1
Food Service Contractors 1
Footwear and Leather Goods Repair 1
Footwear Merchant Wholesalers 1
Formal Wear and Costume Rental 1
Framing Contractors 2
Freight Transportation Arrangement 5
Fruit and Vegetable Markets 4
Full-Service Restaurants 14
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 4
Furniture Stores 3
General Automotive Repair 7
General Freight Trucking, Local 14
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 2
Glass and Glazing Contractors 2
Graphic Design Services 3
Hardware Manufacturing 2
Hardware Merchant Wholesalers 2
Heating Oil Dealers 1
Home Furnishing Merchant Wholesalers 6
Home Health Equipment Rental 1
Household Appliance Stores 1
Industrial Building Construction 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 5
Interior Design Services 3
Internet Service Providers 1
Investigation Services 3
Investment Advice 1
Janitorial Services 3
Land Subdivision 1
Landscaping Services 3
Lessors of Other Real Estate Property 1
Limited-Service Restaurants 17
Limousine Service 4
Local Messengers and Local Delivery 4
Locksmiths 2
Mail-Order Houses 3
Marinas 1
Marketing Consulting Services 1
Masonry Contractors 10
Meat Markets 5
Metal Household Furniture Manufacturing 1
Metal Window and Door Manufacturing 2
Mortgage and Nonmortgage Loan Brokers 1
Motor Vehicle Body Manufacturing 1
Motor Vehicle Towing 2
Nail Salons 3
New Car Dealers 2
New Housing Operative Builders 3
News Dealers and Newsstands 2
Newspaper Publishers 2
Nonresidential Property Managers 5
Office Administrative Services 2
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 1
Offices of Chiropractors 2
Offices of Dentists 17
Offices of Lawyers 7
Offices of Other Holding Companies 1
Offices of Podiatrists 4
Optical Goods Stores 1
Outdoor Power Equipment Stores 1
Outerwear Knitting Mills 1
Packaging Machinery Manufacturing 1
Paint and Coating Manufacturing 1
Painting and Wall Covering Contractors 16
Perishable Prepared Food Manufacturing 1
Pet and Pet Supplies Stores 2
Pharmacies and Drug Stores 6
Photography Studios, Portrait 2
Precision Turned Product Manufacturing 1
Public Relations Agencies 1
Quick Printing 2
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 1
Refrigerated Warehousing and Storage 1
Remediation Services 3
Residential Property Managers 4
Residential Remodelers 21
Retail Bakeries 4
Roofing Contractors 5
Savings Institutions 4
Securities Brokerage 1
Sheet Metal Work Manufacturing 1
Shoe Stores 2
Siding Contractors 1
Site Preparation Contractors 13
Snack and Nonalcoholic Beverage Bars 4
Soft Drink Manufacturing 2
Solid Waste Collection 5
Solid Waste Landfill 1
Special Needs Transportation 2
Sporting Goods Stores 1
Sports and Recreation Instruction 1
Spring (Light Gauge) Manufacturing 1
Tax Preparation Services 1
Taxi Service 3
Telemarketing Bureaus 1
Testing Laboratories 1
Tile and Terrazzo Contractors 2
Tire and Tube Merchant Wholesalers 1
Tradebinding and Related Work 1
Travel Agencies 1
Used Car Dealers 3
Used Household and Office Goods Moving 10
Used Merchandise Stores 1
Video Tape and Disc Rental 2
Wholesale Trade Agents and Brokers 6
Women's Clothing Stores 3
Wood Window and Door Manufacturing 1

Is a Franchise Opportunity Right For You?

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

Our advice is to investigate buying a franchise. This site has dozens of articles on franchising, such as Franchising Mistakes. 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 Maspeth Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Maspeth.

Have You Considered Buying an Existing Maspeth Business?

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

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Selecting a Name For Your Venture

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.

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.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

As a final piece of advice, remember that because you are starting a business in Maspeth, it's critical that you ensure that your company name has not already been claimed by another New York business.

Company Formation in Maspeth, New York

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. The main advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

When forming a company, you will decide among many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in New York, you don't necessarily have to incorporate in New York. In fact, you are allowed to incorporate in any state you would like to. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There's a lot to know about 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 should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Maspeth, New York, our web page covering Incorporating in New York may be a useful resource if you decide to incorporate in New York.

Don't Skip the Business Plan

A business plan is essential in maximizing the prospects of your new company. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Failure to write a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading The Art of the Executive Summary. You should also take advantage of free business counselors available to you through your local SCORE chapter in New York.

Where to Get Money to Start a Company

Raising money to fund your new Maspeth 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.

Take advantage of our many articles on raising capital, such as Getting a Small Business Loan.

For Maspeth entrepreneurs in need of startup financing, you'll want to take a look at our List of New York Angel Investors and our List of New York Venture Capital Firms.

Promoting Your New Company

To grow your Maspeth business, you'll need to have a good marketing plan.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Avoiding Bad Product Launches is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Selling Tips

Do you know how to sell? In order to attract customers to your new Maspeth business, you need to focus on sales.

Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Selling Products on eBay is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Increase Your Entrepreneurial Knowledge

Successful entrepreneurs know that what they know now may not be enough to ensure their future success.

Given that you are starting a business in Maspeth, New York, you should investigate some of the learning programs at local New York educational institutions. You should also check if there are any networking groups or organizations in which Maspeth entrepreneurs get together to network and trade their business experiences.

Never Give Up

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

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 Maspeth and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Maspeth, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Maspeth, New York

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

 

 

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