Rhode Island Business Startup Guides
Opening a Business in Pawtucket, Rhode Island
Contemplating starting a business in Pawtucket, Rhode Island? We walk you through the process of opening a business in Pawtucket.
Will You Be a Good Entrepreneur?
Running your own business is difficult, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Pawtucket. They are usually very willing to share their insights on the ups and downs of being 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. Others sometimes know you better than you know yourself.
Pawtucket, Rhode Island Demographic Information
Pawtucket has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Pawtucket demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Pawtucket.
As a new Pawtucket entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Pawtucket 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.
Is Franchising a Better Option?
As you drive around Pawtucket, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?
Our advice is to investigate buying a franchise. We have many articles on franchises, such as Franchise Due Diligence. 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.
Note on Pawtucket Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Pawtucket.
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.
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: Branding Advice.
On a final note, given that you are opening a business in Pawtucket, it's critical that you ensure that no other Rhode Island company is using the business name you want to use.
Bring in Revenues
Do you know how to sell? In order to attract customers to your new Pawtucket business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Learning More About Entrepreneurship
The best business owners know that they need to continually improve.
As an entrepreneur who lives in Pawtucket, Rhode Island, you will want to take advantage of the many programs available at nearby Rhode Island universities, colleges and community colleges. It's also beneficial to see if there are any networking groups or organizations in which Pawtucket entrepreneurs get together to network and trade their business experiences.
As an entrepreneur in Pawtucket, 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.
This site is all about helping entrepreneurs in Pawtucket and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Pawtucket 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 Pawtucket, Rhode Island
Here are more links that we believe will help you be successful in starting a business in Pawtucket.
- Resources for Pawtucket, Rhode Island Entrepreneurs - Browse a variety of resources we've collected to assist Pawtucket entrepreneurs.
- Rhode Island Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Rhode Island.
- Rhode Island Small Business Development Center - The Rhode Island Small Business Development Center provides entrepreneurs with best fit resources to create and transform their businesses.
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