New Hampshire Business Startup Guides

Open a Business in New London, New Hampshire

Need help starting a business in New London, New Hampshire? We've got the information you need to open a business in New London.

Is Becoming an Entrepreneur Right for You?

Most new ventures fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you start your business, consider all of the implications of being an entrepreneur.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Talk to other entrepreneurs in New London. 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?

Choosing a business that is right for you is very important. You might get some good ideas about what kind of business to start by reading Evaluating Your Idea.

If you still are not sure what type of business to start, peruse the 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 New London is the place where you are starting a business. The business you want to start may already be well-represented in New London. Study New London demographics and do a competitive analysis as part of your startup planning process.

New London, New Hampshire Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
3483
5-9 Employees
1161
10-19 Employees
621
20-49 Employees
459
50-99 Employees
108
100-249 Employees
0
250-499 Employees
27
500-999 Employees
27
1000+ Employees
0
All New London Businesses
5886

As a new New London entrepreneur, you may also be interested in the table below. It shows how many businesses there are in New London 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
3
Art Dealers
1
Beauty Salons
4
Beer, Wine, and Liquor Stores
2
Book Stores
2
Business Associations
1
Child Day Care Services
2
Commercial Lithographic Printing
1
Computer and Software Stores
1
Construction Sand and Gravel Mining
1
Engineering Services
3
Family Clothing Stores
1
Fitness and Recreational Sports Centers
5
Flooring Contractors
1
Florists
2
Food Service Contractors
1
Fruit and Vegetable Markets
1
Funeral Homes and Funeral Services
1
General Medical and Surgical Hospitals
1
Gift, Novelty, and Souvenir Stores
3
Golf Courses and Country Clubs
1
Hardware Stores
1
Heating Oil Dealers
1
Hobby, Toy, and Game Stores
1
Industrial Building Construction
1
Insurance Agencies and Brokerages
5
Interior Design Services
1
Investment Advice
1
Janitorial Services
2
Land Subdivision
1
Landscaping Services
9
Marketing Consulting Services
1
Media Representatives
1
Mortgage and Nonmortgage Loan Brokers
1
Museums
1
Music Publishers
1
Nonresidential Property Managers
1
Offices of Certified Public Accountants
4
Offices of Lawyers
7
Offices of Optometrists
2
One-Hour Photofinishing
1
Painting and Wall Covering Contractors
1
Payroll Services
1
Pet and Pet Supplies Stores
1
Pet Care (except Veterinary) Services
1
Photography Studios, Portrait
1
Portfolio Management
2
Professional Employer Organizations
1
Radio Stations
1
Residential Property Managers
1
Residential Remodelers
2
Reupholstery and Furniture Repair
1
Sawmills
1
Securities Brokerage
1
Site Preparation Contractors
3
Skiing Facilities
2
Snack and Nonalcoholic Beverage Bars
2
Software Publishers
2
Sporting Goods Stores
2
Theater Companies and Dinner Theaters
1
Travel Agencies
1
Video Tape and Disc Rental
1
Wired Telecommunications Carriers
2
Women's Clothing Stores
2

Is Franchising a Better Option?

Visit the business district of New London and you may be surprised to see how many franchises there are in the area. But is franchising the right option for you?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as How to Get More Franchisees. Become a franchising expert of sorts by reading more of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing 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 New London Franchise Opportunities: To find out if a franchise you are interested in is available in New London, you will need to get in direct contact with the franchisor.

Forming a Company in New London, New Hampshire

It's very important that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in New Hampshire, it doesn't mean you are required to incorporate in New Hampshire. As it turns out, 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 C Corp Versus S Corp. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in New London, New Hampshire, our information on Incorporating in New Hampshire may be a useful resource if you decide to incorporate in New Hampshire.

Startup Financing Basics

Getting your New London business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on securing funding, such as Business Incubators.

For New London entrepreneurs who need startup capital, check out our List of New Hampshire Angel Investors and our List of New Hampshire Venture Capital Firms.

Moving Forward

Most new New London businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in New London 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 New London, New Hampshire

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

More Business Startup Guides for New Hampshire

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Starting a Business in North Conway

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Franchise Opportunities

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