New Jersey Business Startup Guides
Starting a Business in Montclair, New Jersey
Thinking about starting a business in Montclair, New Jersey? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Montclair.
Is Becoming an Entrepreneur Right for You?
Before announcing to the world that you are going to start your own business, take inventory of 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 Montclair. Get their take on what it's really like to be an entrepreneur.
- 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. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Which Business to Choose?
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 Evaluating Your Idea.
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 Health Resorts Business guide or our Opening a Sports Information & Reports Business guide.
Remember that your new startup will be located in Montclair. If Montclair already has plenty of the kind of business you want to start, you might want to change your plans. Make sure you fully understand Montclair demographics before you lock in on your business idea.
Montclair, New Jersey Demographic Information
Montclair has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Montclair demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Montclair.
As a new Montclair entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Montclair 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.
Should You Franchise?
As you drive around Montclair, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Our advice is to consider franchising as an option. On our site, you can read many articles about franchising, such as Franchise Due Diligence. Get a thorough education on franchising by browsing all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities Directory.
Sample franchise opportunities include Atlantic City Sub Shops and Hooters of America, Inc.. Alternatively, you can browse franchise categories, such as Tanning Franchises and Healthcare Services Franchises.
Note on Montclair Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Montclair.
Should You Buy an Existing Montclair Business?
We've created a useful website page for those who want to Buy a Business in New Jersey. Follow that link and you can review several good businesses for sale in Montclair.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Getting Money to Start a Business
Getting your Montclair business the capital it needs to succeed 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.
Recognizing this challenge, this site contains dozens of articles on raising money, including one we recommend entitled Business Credit Evaluation.
For Montclair entrepreneurs who want to raise money for a new venture, check out our List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
You have a dream -- starting a business in Montclair. 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.
This site is all about helping entrepreneurs in Montclair and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Montclair 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 Montclair, New Jersey
Here are more links that we believe will help you be successful in starting a business in Montclair.
- Resources for Montclair, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Montclair entrepreneurs.
- New Jersey Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Jersey.
- New Jersey Small Business Development Center - The New Jersey Small Business Development Centers (NJSBDC) network helps New Jersey small businesses expand operations, manage growth or launch new ventures. With offices in every county of the state, NJSBDC consultants help small business owners finance, market and manage their ventures.
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