New Jersey Business Startup Guides
Opening a Business in Newark, New Jersey
Contemplating starting a business in Newark, New Jersey? We walk you through the process of opening a business in Newark.
Newark, New Jersey 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.
Businesses
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.
Businesses
Is Franchising a Better Option?
Examine a list of Newark businesses and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. Is there a franchise opportunity out there that makes sense for you?
Our advice is to consider franchising as an option. We have many articles on franchises, such as Franchising and Veterans. 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 Panchero's Mexican Grill and Certified Restoration Dry Cleaning Network. Alternatively, you can browse franchise categories, such as Retail Franchises and Frozen Yogurt Franchises.
Note on Newark Franchise Opportunities: To find out if a franchise you are interested in is available in Newark, you will need to get in direct contact with the franchisor.
Naming the Company
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
On a final note, given that you are planning on starting a business in Newark, it's very important that you make sure no other New Jersey company is using the business name you want to use.
The Role of the Business Plan
Creating a business plan is vital in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan
To learn more about business plans, read Business Plan Contests. You can also get face-to-face free consulting available from your local SCORE chapter in New Jersey.
Startup Financing Basics
Getting your Newark business the capital it needs to succeed is not an easy task. 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 finding startup capital, such as 504 Loans.
For Newark entrepreneurs who want to raise money for a new venture, we have assembled a List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
Improving Your Entrepreneurial Skillset
Successful entrepreneurs recognize that they need to continually improve.
As an entrepreneur who lives in Newark, New Jersey, you will want to take advantage of the many programs available at nearby New Jersey universities, colleges and community colleges. It's also smart to see if there are any networking groups or organizations in which Newark entrepreneurs get together to network and trade their business experiences.
Interviews With Newark Entrepreneurs
Here, we'll keep a running list of interviews we've had with Newark entrepreneurs.
- Interview with LTDchix Co-Founder Nina Frye
- Interview with Peggy McHale, Founder of Consultants 2 Go LLC
Now It's Up To You
You have a dream -- starting a business in Newark. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Newark and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Newark, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Newark, New Jersey
Here are more links that we believe will help you be successful in starting a business in Newark.
- Resources for Newark, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Newark 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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