April 10, 2020  
 
  Entrepreneurial Resources - Advice for Delaware Entrepreneurs  
  Newark, Delaware Resources for Entrepreneurs  
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Starting a Business in Newark, Delaware

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

Newark, Delaware Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 44650
5-9 Employees 17570
10-19 Employees 13320
20-49 Employees 10140
50-99 Employees 3990
100-249 Employees 2130
250-499 Employees 690
500-999 Employees 210
1000+ Employees 180
All Newark Businesses 92880

As a new Newark entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Newark 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
Advertising Agencies 2
Ambulance Services 3
Amusement Arcades 1
Architectural Services 2
Armored Car Services 1
Art Dealers 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 9
Automotive Transmission Repair 5
Baked Goods Stores 3
Barber Shops 3
Beauty Salons 40
Beer, Wine, and Liquor Stores 26
Blood and Organ Banks 1
Boat Dealers 3
Book Publishers 2
Book Stores 13
Books Printing 1
Bowling Centers 1
Broadwoven Fabric Finishing Mills 2
Building Inspection Services 7
Business Associations 6
Cafeterias 2
Camera and Photographic Supplies Stores 4
Canvas and Related Product Mills 1
Car Washes 6
Carpet and Upholstery Cleaning Services 2
Caterers 5
Cemeteries and Crematories 1
Charter Bus Industry 1
Child and Youth Services 3
Child Day Care Services 34
Children's and Infants' Clothing Stores 6
Civic and Social Organizations 11
Claims Adjusting 1
Clothing Accessories Stores 5
Coin-Operated Laundries and Drycleaners 4
Collection Agencies 2
Commercial Bakeries 1
Commercial Lithographic Printing 5
Commercial Photography 1
Commercial Screen Printing 1
Commodity Contracts Brokerage 1
Commodity Contracts Dealing 1
Community Food Services 2
Computer and Software Stores 5
Computer Facilities Management Services 11
Computer Systems Design Services 36
Computer Training 2
Confectionery and Nut Stores 3
Consumer Lending 7
Continuing Care Retirement Communities 3
Convenience Stores 13
Convention and Trade Show Organizers 3
Cosmetology and Barber Schools 2
Couriers 7
Credit Bureaus 3
Credit Card Issuing 4
Credit Unions 7
Custom Computer Programming Services 68
Deep Sea Passenger Transportation 1
Dental Laboratories 3
Diagnostic Imaging Centers 4
Diet and Weight Reducing Centers 4
Digital Printing 1
Direct Life Insurance Carriers 11
Direct Mail Advertising 3
Discount Department Stores 2
Document Preparation Services 3
Drinking Places (Alcoholic Beverages) 9
Drywall and Insulation Contractors 14
Educational Support Services 3
Electric Power Distribution 4
Electrical Contractors 36
Electronic Shopping 3
Elementary and Secondary Schools 7
Employment Placement Agencies 4
Engineering Services 38
Environmental Consulting Services 6
Exam Preparation and Tutoring 4
Exterminating and Pest Control Services 5
Facilities Support Services 1
Family Clothing Stores 15
Family Planning Centers 2
Farm Supplies Merchant Wholesalers 3
Fine Arts Schools 7
Finish Carpentry Contractors 10
Fitness and Recreational Sports Centers 15
Floor Covering Stores 5
Flooring Contractors 18
Florists 9
Food (Health) Supplement Stores 4
Food Service Contractors 24
Footwear and Leather Goods Repair 1
Footwear Merchant Wholesalers 2
Formal Wear and Costume Rental 2
Fossil Fuel Electric Power Generation 1
Framing Contractors 6
Freight Transportation Arrangement 6
Fruit and Vegetable Markets 1
Full-Service Restaurants 86
Funeral Homes and Funeral Services 2
Furniture Stores 10
General Automotive Repair 26
General Freight Trucking, Local 6
General Medical and Surgical Hospitals 1
General Rental Centers 1
General Warehousing and Storage 4
Gift, Novelty, and Souvenir Stores 17
Golf Courses and Country Clubs 2
Grantmaking Foundations 1
Graphic Design Services 6
Hardware Merchant Wholesalers 4
Hardware Stores 4
Heating Oil Dealers 3
Hobby, Toy, and Game Stores 11
Home Centers 2
Home Furnishing Merchant Wholesalers 2
Home Health Care Services 10
Home Health Equipment Rental 2
Homes for the Elderly 2
Household Appliance Stores 2
Industrial Building Construction 1
Industrial Design Services 1
Insurance Agencies and Brokerages 41
Interior Design Services 1
International Trade Financing 1
Internet Publishing and Broadcasting 1
Internet Service Providers 2
Investigation Services 2
Investment Advice 9
Irradiation Apparatus Manufacturing 1
Janitorial Services 21
Jewelry Stores 24
Kidney Dialysis Centers 1
Land Subdivision 2
Landscape Architectural Services 3
Landscaping Services 25
Lessors of Other Real Estate Property 5
Libraries and Archives 1
Limited-Service Restaurants 95
Limousine Service 3
Local Messengers and Local Delivery 2
Luggage Manufacturing 1
Machine Shops 5
Mail-Order Houses 3
Manufactured (Mobile) Home Dealers 1
Marketing Consulting Services 12
Masonry Contractors 11
Materials Recovery Facilities 1
Meat Markets 1
Medical Laboratories 7
Men's Clothing Stores 4
Miscellaneous Intermediation 5
Mobile Food Services 2
Mortgage and Nonmortgage Loan Brokers 8
Motion Picture and Video Production 4
Motor and Generator Manufacturing 1
Motor Vehicle Towing 1
Motorcycle Dealers 1
Museums 1
Musical Groups and Artists 3
Nail Salons 4
New Car Dealers 11
New Housing Operative Builders 3
News Dealers and Newsstands 7
Newspaper Publishers 3
Nonresidential Property Managers 8
Nonwoven Fabric Mills 1
Nursing Care Facilities 4
Office Administrative Services 17
Office Equipment Merchant Wholesalers 7
Office Supplies and Stationery Stores 9
Offices of Bank Holding Companies 1
Offices of Certified Public Accountants 10
Offices of Chiropractors 11
Offices of Dentists 40
Offices of Lawyers 20
Offices of Optometrists 6
Offices of Other Holding Companies 16
Offices of Podiatrists 5
Offices of Real Estate Appraisers 10
Ophthalmic Goods Manufacturing 1
Optical Goods Stores 6
Outdoor Power Equipment Stores 4
Packaging and Labeling Services 3
Paging 2
Paint and Wallpaper Stores 5
Painting and Wall Covering Contractors 16
Passenger Car Rental 2
Payroll Services 3
Periodical Publishers 1
Pet and Pet Supplies Stores 4
Pet Care (except Veterinary) Services 9
Pharmacies and Drug Stores 23
Photography Studios, Portrait 3
Plastics Bottle Manufacturing 2
Political Organizations 1
Polystyrene Foam Product Manufacturing 1
Portfolio Management 13
Precision Turned Product Manufacturing 1
Private Mail Centers 4
Professional Employer Organizations 1
Professional Organizations 4
Public Relations Agencies 1
Quick Printing 3
Racetracks 1
Radio Stations 2
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 15
Real Estate Investment Trusts 1
Residential Property Managers 13
Residential Remodelers 27
Retail Bakeries 3
Reupholstery and Furniture Repair 1
Roofing Contractors 2
Rooming and Boarding Houses 1
Sales Financing 6
Savings Institutions 8
School and Employee Bus Transportation 2
Secondary Market Financing 1
Securities Brokerage 9
Security Guards and Patrol Services 3
Sheet Metal Work Manufacturing 2
Shoe Stores 21
Siding Contractors 2
Site Preparation Contractors 13
Snack and Nonalcoholic Beverage Bars 23
Software Publishers 4
Software Reproducing 1
Solid Waste Collection 3
Sound Recording Studios 1
Sporting Goods Stores 19
Sports and Recreation Instruction 11
Tax Preparation Services 7
Telecommunications Resellers 4
Telemarketing Bureaus 2
Telephone Answering Services 2
Telephone Apparatus Manufacturing 1
Temporary Help Services 18
Temporary Shelters 1
Testing Laboratories 7
Theater Companies and Dinner Theaters 1
Tile and Terrazzo Contractors 4
Tire Dealers 7
Tire Retreading 1
Title Abstract and Settlement Offices 2
Tobacco Stores 4
Translation and Interpretation Services 2
Travel Agencies 5
Truss Manufacturing 1
Used Car Dealers 1
Used Household and Office Goods Moving 3
Used Merchandise Stores 4
Vending Machine Operators 2
Veterinary Services 7
Video Tape and Disc Rental 13
Vocational Rehabilitation Services 5
Voluntary Health Organizations 3
Warehouse Clubs and Supercenters 2
Water Supply and Irrigation Systems 3
Wholesale Trade Agents and Brokers 21
Wired Telecommunications Carriers 14
Women's Clothing Stores 19
Wood Container and Pallet Manufacturing 1

Is a Franchise Opportunity Right For You?

As you drive around Newark, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Evaluating Franchise Opportunities. Get a thorough education on franchising by browsing all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Representative franchise opportunities include Nextaff and Sport Clips. Alternatively, you can browse franchise categories, such as Sports Franchises and Carpet Retail Franchises.

Note on Newark Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Newark.

Have You Considered Buying an Existing Newark Business?

We've created a helpful website page for those who want to Buy a Business in Delaware. Follow that link and you can review several good businesses for sale in Newark.

If you are serious about buying a business, you may want to read this article: Buying a Business.

Company Formation in Newark, Delaware

It's essential 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.

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

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. Just because you are starting a business in Delaware, you don't necessarily have to incorporate in Delaware. In fact, you can 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. To learn the fundamentals of company formation, browse articles 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 Newark, Delaware, our web page covering Incorporating in Delaware may be a useful resource if you decide to incorporate in Delaware.

Don't Skip the Business Plan

A business plan is critical in laying a solid foundation for your business success. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Software. You can also get face-to-face free consulting available from your local SCORE chapter in Delaware.

Advancing Your Entrepreneurial Skills

Good entrepreneurs know that they don't know everything.

Given that you are starting a business in Newark, Delaware, you should check out some of the learning programs at local Delaware educational institutions. Another way to keep up on your learning is to investigate Newark networking organizations.

Moving Forward

You have a dream -- starting a business in Newark. 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 Newark and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Newark 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 Newark, Delaware

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

 

 

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