September 30, 2020  
 
  Entrepreneurial Resources - Advice for Illinois Entrepreneurs  
  Palatine, Illinois Resources for Entrepreneurs  
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Opening a Business in Palatine, Illinois

Contemplating starting a business in Palatine, Illinois? We walk you through the process of opening a business in Palatine.

Palatine, Illinois Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 4233
5-9 Employees 1065
10-19 Employees 732
20-49 Employees 477
50-99 Employees 129
100-249 Employees 54
250-499 Employees 9
500-999 Employees 6
1000+ Employees 6
All Palatine Businesses 6711

As a new Palatine entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Palatine 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 7
Ambulance Services 1
Amusement and Theme Parks 1
Animal (except Poultry) Slaughtering 1
Appliance Repair and Maintenance 2
Architectural Services 14
Automotive Exhaust System Repair 2
Automotive Parts and Accessories Stores 4
Automotive Transmission Repair 3
Baked Goods Stores 1
Barber Shops 1
Beauty Salons 28
Beer, Wine, and Liquor Stores 9
Book Publishers 2
Bowling Centers 1
Building Inspection Services 2
Business Associations 6
Camera and Photographic Supplies Stores 1
Car Washes 4
Carpet and Upholstery Cleaning Services 4
Caterers 2
Cemeteries and Crematories 1
Child and Youth Services 3
Child Day Care Services 13
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 5
Claims Adjusting 1
Coin-Operated Laundries and Drycleaners 6
Collection Agencies 2
Commercial Lithographic Printing 5
Commercial Photography 1
Commodity Contracts Brokerage 1
Commodity Contracts Dealing 2
Computer and Software Stores 3
Computer Facilities Management Services 1
Computer Storage Device Manufacturing 1
Computer Systems Design Services 33
Concrete Pipe Manufacturing 1
Confectionery and Nut Stores 3
Consumer Lending 3
Convenience Stores 7
Convention and Trade Show Organizers 3
Cosmetology and Barber Schools 1
Couriers 3
Court Reporting and Stenotype Services 1
Credit Bureaus 2
Credit Unions 3
Curtain and Drapery Mills 1
Custom Computer Programming Services 39
Dental Laboratories 1
Diet and Weight Reducing Centers 1
Direct Life Insurance Carriers 1
Direct Mail Advertising 3
Direct Title Insurance Carriers 5
Discount Department Stores 3
Display Advertising 1
Document Preparation Services 5
Drafting Services 1
Drinking Places (Alcoholic Beverages) 9
Drywall and Insulation Contractors 5
Educational Support Services 2
Electrical Contractors 28
Electronic Auctions 1
Electronic Computer Manufacturing 1
Electronic Shopping 2
Elementary and Secondary Schools 3
Employment Placement Agencies 8
Engineering Services 15
Environmental Consulting Services 1
Exam Preparation and Tutoring 5
Exterminating and Pest Control Services 2
Family Clothing Stores 4
Fine Arts Schools 4
Finish Carpentry Contractors 24
Fish and Seafood Merchant Wholesalers 1
Fitness and Recreational Sports Centers 12
Floor Covering Stores 7
Flooring Contractors 4
Florists 6
Food Service Contractors 6
Formal Wear and Costume Rental 1
Framing Contractors 5
Freight Transportation Arrangement 5
Full-Service Restaurants 47
Funeral Homes and Funeral Services 1
Furniture Merchant Wholesalers 2
Furniture Stores 5
General Automotive Repair 27
General Freight Trucking, Local 10
General Rental Centers 2
General Warehousing and Storage 2
Gift, Novelty, and Souvenir Stores 8
Golf Courses and Country Clubs 1
Grantmaking Foundations 2
Graphic Design Services 10
Hand and Edge Tool Manufacturing 1
Hardware Manufacturing 1
Hardware Merchant Wholesalers 2
Hardware Stores 2
Hobby, Toy, and Game Stores 2
Home Centers 2
Home Furnishing Merchant Wholesalers 2
Home Health Care Services 2
Homes for the Elderly 1
Household Appliance Stores 3
Industrial Building Construction 1
Industrial Mold Manufacturing 1
Insurance Agencies and Brokerages 74
Interior Design Services 9
Internet Service Providers 2
Investigation Services 1
Investment Advice 12
Janitorial Services 26
Jewelry Stores 5
Land Subdivision 2
Landscape Architectural Services 4
Landscaping Services 39
Limited-Service Restaurants 56
Limousine Service 8
Linen Supply 1
Local Messengers and Local Delivery 2
Locksmiths 1
Luggage and Leather Goods Stores 1
Machine Shops 6
Mail-Order Houses 4
Marketing Consulting Services 26
Masonry Contractors 6
Meat Markets 2
Media Buying Agencies 1
Media Representatives 1
Metal Stamping 2
Mobile Food Services 2
Mortgage and Nonmortgage Loan Brokers 24
Motion Picture and Video Production 7
Motor Vehicle Towing 3
Motorcycle Dealers 2
Musical Groups and Artists 1
Musical Instrument and Supplies Stores 2
Nail Salons 2
New Car Dealers 6
New Housing Operative Builders 5
Nonresidential Property Managers 6
Nursing Care Facilities 3
Office Administrative Services 5
Office Supplies and Stationery Stores 3
Offices of Certified Public Accountants 35
Offices of Chiropractors 9
Offices of Dentists 56
Offices of Lawyers 45
Offices of Optometrists 6
Offices of Podiatrists 4
Offices of Real Estate Appraisers 9
One-Hour Photofinishing 2
Ophthalmic Goods Manufacturing 1
Optical Goods Stores 2
Outdoor Power Equipment Stores 2
Packing and Crating 2
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 20
Passenger Car Leasing 1
Passenger Car Rental 1
Payroll Services 4
Periodical Publishers 2
Pet and Pet Supplies Stores 4
Pet Care (except Veterinary) Services 12
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 5
Photography Studios, Portrait 5
Plastics Plumbing Fixture Manufacturing 1
Plate Work Manufacturing 1
Portfolio Management 6
Private Mail Centers 2
Professional Employer Organizations 1
Professional Organizations 3
Public Relations Agencies 4
Quick Printing 4
Racetracks 1
Real Estate Credit 12
Real Estate Investment Trusts 1
Recreational Vehicle Dealers 1
Reinsurance Carriers 1
Repossession Services 1
Residential Property Managers 11
Residential Remodelers 54
Retail Bakeries 1
Roofing Contractors 8
Sales Financing 1
Savings Institutions 3
Securities Brokerage 10
Security Guards and Patrol Services 2
Shoe Stores 4
Siding Contractors 4
Site Preparation Contractors 7
Snack and Nonalcoholic Beverage Bars 8
Software Publishers 1
Solid Waste Collection 1
Solid Waste Landfill 2
Special Needs Transportation 1
Sporting Goods Stores 7
Sports and Recreation Instruction 7
Spring (Light Gauge) Manufacturing 1
Tax Preparation Services 7
Telecommunications Resellers 1
Telemarketing Bureaus 1
Temporary Help Services 11
Temporary Shelters 1
Testing Laboratories 3
Tile and Terrazzo Contractors 3
Tire and Tube Merchant Wholesalers 1
Tire Dealers 2
Title Abstract and Settlement Offices 2
Tobacco Stores 4
Translation and Interpretation Services 2
Travel Agencies 5
Used Car Dealers 10
Used Household and Office Goods Moving 3
Used Merchandise Stores 3
Vending Machine Operators 3
Veterinary Services 8
Video Tape and Disc Rental 8
Vocational Rehabilitation Services 3
Web Search Portals 1
Wholesale Trade Agents and Brokers 51
Wired Telecommunications Carriers 1
Women's Clothing Stores 2
Wood Office Furniture Manufacturing 1

Is a Franchise Opportunity Right For You?

As you drive around Palatine, it's apparent that franchising has become a very popular way to start a business. So, it probably makes sense for you to consider franchising too.

Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as Selling A Franchise. Become a franchising expert of sorts by reading more of our Articles on Franchising.

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

Representative franchise opportunities include Nature's Way Cafe and Golden Krust Caribbean Bakery, Inc.. Alternatively, you can browse franchise categories, such as Home Décor Franchises and Mexican Restaurant Franchises.

Note on Palatine Franchise Opportunities: To find out if a franchise you are interested in is available in Palatine, you will need to get in direct contact with the franchisor.

Have You Considered Buying an Existing Palatine Business?

An excellent way to get started in business is to Buy a Business in Illinois. Follow that link and you may find several good businesses for sale in Palatine.

If you are going to be buying a business, you may want to read this article: Hold Harmless Agreements When Buying Businesses.

Naming the Company

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.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are planning on starting a business in Palatine, it's critical that you ensure that no other Illinois company is using the business name you want to use.

Where to Get Money to Start a Company

Getting your Palatine business the capital it needs to succeed is a difficult chore. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on finding startup capital, such as 504 Loans.

For Palatine entrepreneurs in need of startup financing, browse our List of Illinois Angel Investors and our List of Illinois Venture Capital Firms.

Getting the Word Out About Your New Company

To rise above the crowd in Palatine and build your business, having an excellent marketing plan is fundamental to your beating the competition.

We have some helpful resources on this site for entrepreneurs who are working on marketing plans. How to Write a Marketing Plan is an article that will stimulate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.

Palatine Entrepreneur Interviews

Enjoy these interviews we've had with Palatine entrepreneurs.

Moving Forward

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

We are here to help Palatine businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Palatine, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Palatine, Illinois

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

 

 

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