January 24, 2021  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Niles, Illinois Resources for Entrepreneurs  
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Start a Business in Niles, Illinois

Are you starting a business in Niles, Illinois? This article discusses the most important things to consider when opening a business in Niles.

Choosing the Right Company to Start

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 Business Ideas That Don't Make Sense.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Opening a Pediatrics Surgeons Business guide or our How to Start a Water Trucks Business guide.

Always keep in mind that your new startup will be located in Niles. The business you want to start may already be well-represented in Niles. Make sure you fully understand Niles demographics before you lock in on your business idea.

Niles, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 6123
5-9 Employees 1908
10-19 Employees 1575
20-49 Employees 1071
50-99 Employees 513
100-249 Employees 414
250-499 Employees 72
500-999 Employees 9
1000+ Employees 0
All Niles Businesses 11685

As a new Niles entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Niles 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
Aluminum Die-Casting Foundries 1
Appliance Repair and Maintenance 2
Architectural Services 1
Art Dealers 1
Automobile Driving Schools 1
Automotive Exhaust System Repair 1
Automotive Parts and Accessories Stores 5
Automotive Transmission Repair 1
Baked Goods Stores 2
Beauty Salons 26
Bed-and-Breakfast Inns 1
Beer, Wine, and Liquor Stores 4
Blind and Shade Manufacturing 1
Book Stores 3
Books Printing 2
Bowling Centers 1
Building Inspection Services 2
Business Associations 2
Cable and Other Program Distribution 1
Cafeterias 3
Camera and Photographic Supplies Stores 1
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Caterers 2
Cemeteries and Crematories 2
Child Day Care Services 5
Children's and Infants' Clothing Stores 3
Civic and Social Organizations 1
Claims Adjusting 1
Clothing Accessories Stores 3
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 1
Commercial Bakeries 3
Commercial Flexographic Printing 1
Commercial Lithographic Printing 12
Commercial Photography 1
Commodity Contracts Dealing 2
Computer and Software Stores 5
Computer Facilities Management Services 1
Computer Systems Design Services 10
Computer Training 1
Confectionery and Nut Stores 2
Confectionery Merchant Wholesalers 1
Consumer Lending 1
Convenience Stores 2
Cookie and Cracker Manufacturing 1
Cosmetology and Barber Schools 1
Credit Unions 1
Curtain and Drapery Mills 1
Custom Computer Programming Services 8
Dental Laboratories 3
Diagnostic Imaging Centers 4
Diet and Weight Reducing Centers 1
Direct Mail Advertising 3
Direct Title Insurance Carriers 1
Discount Department Stores 5
Display Advertising 1
Drinking Places (Alcoholic Beverages) 8
Drywall and Insulation Contractors 1
Electrical Contractors 12
Electronic Shopping 3
Elementary and Secondary Schools 10
Employment Placement Agencies 3
Engineering Services 8
Exam Preparation and Tutoring 1
Exterminating and Pest Control Services 1
Facilities Support Services 1
Family Clothing Stores 1
Fine Arts Schools 1
Finish Carpentry Contractors 8
Fitness and Recreational Sports Centers 2
Floor Covering Stores 3
Flooring Contractors 3
Florists 5
Food (Health) Supplement Stores 6
Food Service Contractors 2
Footwear and Leather Goods Repair 1
Formal Wear and Costume Rental 1
Framing Contractors 2
Freight Transportation Arrangement 1
Frozen Specialty Food Manufacturing 1
Fruit and Vegetable Markets 2
Full-Service Restaurants 41
Funeral Homes and Funeral Services 2
Furniture Merchant Wholesalers 1
Furniture Stores 12
General Automotive Repair 8
General Freight Trucking, Local 11
General Rental Centers 1
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 12
Glass and Glazing Contractors 1
Grantmaking Foundations 2
Graphic Design Services 5
Hand and Edge Tool Manufacturing 3
Hardware Merchant Wholesalers 10
Hat, Cap, and Millinery Manufacturing 1
Hobby, Toy, and Game Stores 6
Home Centers 2
Home Furnishing Merchant Wholesalers 3
Home Health Care Services 4
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 19
Investment Advice 2
Iron and Steel Forging 1
Janitorial Services 10
Jewelry Stores 12
Kidney Dialysis Centers 1
Landscape Architectural Services 1
Landscaping Services 11
Limited-Service Restaurants 41
Limousine Service 2
Mail-Order Houses 5
Marketing Consulting Services 2
Masonry Contractors 10
Meat Markets 1
Media Representatives 1
Men's Clothing Stores 5
Miscellaneous Intermediation 1
Mortgage and Nonmortgage Loan Brokers 8
Motion Picture and Video Production 3
Motor Vehicle Metal Stamping 1
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 2
Nail Salons 3
New Car Dealers 4
Newspaper Publishers 1
Nonresidential Property Managers 2
Nursing Care Facilities 7
Office Administrative Services 2
Office Equipment Merchant Wholesalers 3
Office Supplies and Stationery Stores 3
Offices of Certified Public Accountants 5
Offices of Chiropractors 6
Offices of Dentists 41
Offices of Lawyers 8
Offices of Optometrists 4
Offices of Other Holding Companies 2
Offices of Podiatrists 4
Offices of Real Estate Appraisers 2
Optical Goods Stores 6
Outdoor Power Equipment Stores 1
Packaging and Labeling Services 2
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 10
Parking Lots and Garages 1
Periodical Publishers 1
Pet and Pet Supplies Stores 3
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 13
Photography Studios, Portrait 7
Plastics Bag Manufacturing 1
Portfolio Management 1
Precision Turned Product Manufacturing 3
Prepress Services 1
Professional Employer Organizations 1
Professional Organizations 2
Quick Printing 1
Real Estate Credit 2
Real Estate Investment Trusts 1
Recreational Goods Rental 1
Reinsurance Carriers 1
Residential Property Managers 3
Residential Remodelers 21
Retail Bakeries 3
Rolled Steel Shape Manufacturing 1
Roofing Contractors 4
Sales Financing 1
Savings Institutions 5
Securities Brokerage 4
Security Guards and Patrol Services 1
Shoe Stores 9
Siding Contractors 2
Snack and Nonalcoholic Beverage Bars 9
Soft Drink Manufacturing 2
Sporting Goods Stores 7
Sports and Recreation Instruction 2
Spring (Light Gauge) Manufacturing 1
Tax Preparation Services 6
Taxi Service 3
Telemarketing Bureaus 1
Temporary Help Services 4
Tire and Tube Merchant Wholesalers 1
Tire Dealers 2
Tobacco Stores 1
Toilet Preparation Manufacturing 1
Travel Agencies 9
Used Merchandise Stores 2
Vending Machine Operators 2
Veterinary Services 3
Video Tape and Disc Rental 5
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 6
Window Treatment Stores 2
Wired Telecommunications Carriers 2
Women's Clothing Stores 10
Yarn Spinning Mills 1

Is Franchising a Better Option?

As you drive around Niles, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

We advise the entrepreneurs we work with to investigate buying a franchise. This site has dozens of articles on franchising, such as The Disadvantages of Franchise Ownership. 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.

Sample franchise opportunities include Coverall Cleaning Concepts and Friendly Computers. Alternatively, you can browse franchise categories, such as Vending Franchises and Real Estate Franchises.

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

Choosing 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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

As a final piece of advice, remember that because you are planning on starting a business in Niles, it's critical that you ensure that no Illinois company has already registered the company name you have selected.

Company Formation in Niles, Illinois

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will pick 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. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Illinois, you don't necessarily have to incorporate in Illinois. 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's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Company Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Niles, Illinois, our web page covering Incorporating in Illinois may be a useful resource if you decide to incorporate in Illinois.

Marketing Your New Venture

To grow your Niles business, having an excellent marketing plan is fundamental to your successs.

You can learn all about marketing on our site. Media Kits is an article that will generate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.

What's Next?

As an entrepreneur in Niles, you won't be working for the boss anymore. You are the boss.

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Niles and throughout the United States . 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 Niles, Illinois

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

 

 

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