New York Business Startup Guides
Opening a Business in Nanuet, New York
Contemplating starting a business in Nanuet, New York? We walk you through the process of opening a business in Nanuet.
Will You Be a Successful Entrepreneur?
Most new companies fail, in part because the business owner did not have the tenacity and/or the skills to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Nanuet. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- 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. Others sometimes know you better than you know yourself.
Nanuet, New York Demographic Information
Nanuet has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Nanuet demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Nanuet.
As a new Nanuet entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Nanuet 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.
Is Franchising a Better Option?
As you drive around Nanuet, you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?
Our recommendation is that you consider franchising as an option. On our site, you can read many articles about franchising, such as The Franchising Process. 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.
Note on Nanuet Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Nanuet.
Picking a Company 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.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
On a final note, given that you are starting a business in Nanuet, it's imperative that you check now that no New York company has already registered the company name you have selected.
Forming a Company in Nanuet, New York
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will separate you from personal liability for business debts and obligations.
When forming a company, you will choose from many company types, such as a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating 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. If you are starting a business in New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate in any state you would like to. 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 Registered Agents. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Nanuet, New York, our web page covering Incorporating in New York may be a useful resource if you decide to incorporate in New York.
Make Sure You Have a Business Plan
A business plan is essential in maximizing the prospects of your new company. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Software. A great resource for business planning assistance is the face-to-face free consulting available from your local SCORE chapter in New York.
How to Improve Your Entrepreneurial Abilities
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
With your business being located in Nanuet, New York, you should get information on some of the many programs available at nearby New York universities, colleges and community colleges. Another way to keep up on your entrepreneurial education is to investigate networking organizations for Nanuet entrepreneurs.
Most new Nanuet businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Nanuet businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Nanuet 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 Nanuet, New York
Here are more links that we believe will help you be successful in starting a business in Nanuet.
- Resources for Nanuet, New York Entrepreneurs - Browse a variety of resources we've collected to assist Nanuet 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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