Massachusetts Business Startup Guides
Start a Business in Nantucket, Massachusetts
Are you starting a business in Nantucket, Massachusetts? This article discusses the most important things to consider when opening a business in Nantucket.
What Business Are You Starting?
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Good 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 Starting a Flea Market Business guide or our Starting a Heavy Construction Equipment Rental Business guide.
Don't forget that starting a business in Nantucket has some implications. Some businesses will do better in Nantucket than others. Study Nantucket demographics and do a competitive analysis as part of your startup planning process.
Nantucket, Massachusetts Demographic Information
Nantucket has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Nantucket demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Nantucket.
Businesses
As a new Nantucket entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Nantucket 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
Have You Considered Buying an Existing Nantucket Business?
If you have some capital to play with, you may want to Buy a Business in Massachusetts. Follow that link and you might discover several good businesses for sale in Nantucket.
If you are serious about buying a business, you may want to read this article: How to Buy a Business.
Forming a Company in Nantucket, Massachusetts
A critical step is ensuring that you choose the right legal structure for your new entity. Without a legal structure for the business, you can be held personally liable for the actions, debts and obligations of your company.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
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 Massachusetts, you don't necessarily have to incorporate in Massachusetts. In fact, you are allowed to incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.
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 Registered Agents. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Nantucket, Massachusetts, our information on Incorporating in Massachusetts may be a useful resource if you decide to incorporate in Massachusetts.
Marketing Your New Business
To grow your Nantucket business, you need a great marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Sponsoring Local Events is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
Bring in Revenues
Do you know how to sell? In order to attract customers to your new Nantucket business, you need to focus on sales.
Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Hiring Good Sales People is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Moving Forward
As an entrepreneur in Nantucket, 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 Nantucket and elsewhere to achieve real success. 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 Nantucket, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Nantucket.
- Resources for Nantucket, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Nantucket entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
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