Massachusetts Business Startup Guides

Opening a Business in Peabody, Massachusetts

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

Is Becoming a Business Owner Right for You?

Before announcing to the world that you are going to start your own business, assess your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Talk to other entrepreneurs in Peabody. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Peabody, Massachusetts Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
4282
5-9 Employees
1698
10-19 Employees
1260
20-49 Employees
774
50-99 Employees
336
100-249 Employees
222
250-499 Employees
48
500-999 Employees
12
1000+ Employees
6
All Peabody Businesses
8638

As a new Peabody entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Peabody 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
Ambulance Services
2
Architectural Services
2
Audio and Video Equipment Manufacturing
2
Automobile Driving Schools
1
Automotive Glass Replacement Shops
3
Automotive Parts and Accessories Stores
6
Automotive Transmission Repair
2
Barber Shops
2
Beauty Salons
24
Beer, Wine, and Liquor Stores
9
Boat Dealers
1
Book Publishers
1
Book Stores
2
Bowling Centers
1
Broadwoven Fabric Mills
1
Business Associations
1
Cable and Other Program Distribution
1
Camera and Photographic Supplies Stores
1
Car Washes
4
Caterers
3
Cemeteries and Crematories
1
Child Day Care Services
10
Children's and Infants' Clothing Stores
5
Civic and Social Organizations
6
Claims Adjusting
3
Clothing Accessories Stores
6
Coin-Operated Laundries and Drycleaners
1
Collection Agencies
1
Commercial Lithographic Printing
2
Commercial Photography
1
Community Food Services
1
Computer and Software Stores
3
Computer Facilities Management Services
1
Computer Systems Design Services
5
Confectionery and Nut Stores
2
Construction Machinery Manufacturing
1
Consumer Lending
1
Continuing Care Retirement Communities
1
Convenience Stores
8
Convention and Visitors Bureaus
1
Couriers
1
Credit Unions
4
Custom Computer Programming Services
6
Diagnostic Imaging Centers
1
Diet and Weight Reducing Centers
2
Digital Printing
1
Direct Life Insurance Carriers
1
Directory and Mailing List Publishers
1
Document Preparation Services
1
Drinking Places (Alcoholic Beverages)
7
Drywall and Insulation Contractors
3
Electrical Contractors
23
Electronic Computer Manufacturing
1
Electronic Connector Manufacturing
2
Electronic Shopping
2
Elementary and Secondary Schools
2
Engineering Services
7
Exam Preparation and Tutoring
1
Exterminating and Pest Control Services
1
Family Clothing Stores
15
Farm Supplies Merchant Wholesalers
1
Fine Arts Schools
4
Finfish Fishing
1
Fish and Seafood Markets
2
Fitness and Recreational Sports Centers
7
Floor Covering Stores
3
Flooring Contractors
4
Florists
3
Food (Health) Supplement Stores
2
Food Service Contractors
5
Formal Wear and Costume Rental
1
Framing Contractors
2
Freight Transportation Arrangement
2
Full-Service Restaurants
51
Funeral Homes and Funeral Services
2
Furniture Stores
5
General Automotive Repair
16
General Medical and Surgical Hospitals
2
General Warehousing and Storage
1
Gift, Novelty, and Souvenir Stores
10
Golf Courses and Country Clubs
1
Graphic Design Services
1
Gum and Wood Chemical Manufacturing
1
Hardware Merchant Wholesalers
1
Heating Oil Dealers
4
Historical Sites
1
Hobby, Toy, and Game Stores
4
Home Centers
2
Home Health Care Services
4
Homes for the Elderly
2
Household Appliance Stores
2
Industrial Mold Manufacturing
1
Insurance Agencies and Brokerages
19
Interior Design Services
1
International Trade Financing
1
Investment Advice
8
Iron Foundries
1
Irradiation Apparatus Manufacturing
1
Jewelry Stores
16
Kidney Dialysis Centers
1
Land Subdivision
3
Landscape Architectural Services
2
Landscaping Services
17
Leather and Hide Tanning and Finishing
4
Lessors of Other Real Estate Property
1
Limousine Service
2
Local Messengers and Local Delivery
1
Locksmiths
1
Machine Shops
4
Mail-Order Houses
3
Marketing Consulting Services
3
Marking Device Manufacturing
1
Materials Recovery Facilities
1
Meat Markets
1
Medical Laboratories
2
Men's Clothing Stores
4
Miscellaneous Intermediation
2
Mobile Food Services
1
Motion Picture and Video Production
1
Musical Instrument and Supplies Stores
2
Nail Salons
5
New Car Dealers
8
New Housing Operative Builders
2
News Dealers and Newsstands
1
Nonresidential Property Managers
1
Nursing Care Facilities
3
Office Equipment Merchant Wholesalers
1
Office Supplies and Stationery Stores
2
Offices of Certified Public Accountants
9
Offices of Chiropractors
5
Offices of Dentists
29
Offices of Lawyers
29
Offices of Optometrists
2
Offices of Real Estate Appraisers
5
Optical Goods Stores
4
Packaging and Labeling Services
1
Paint and Wallpaper Stores
3
Painting and Wall Covering Contractors
8
Passenger Car Rental
1
Payroll Services
2
Pet and Pet Supplies Stores
1
Pet Care (except Veterinary) Services
1
Pharmacies and Drug Stores
10
Photography Studios, Portrait
4
Political Organizations
1
Polystyrene Foam Product Manufacturing
1
Portfolio Management
1
Prepress Services
1
Professional Employer Organizations
2
Professional Organizations
1
Quick Printing
1
Real Estate Credit
6
Real Estate Investment Trusts
2
Refrigerated Warehousing and Storage
1
Residential Property Managers
5
Residential Remodelers
21
Retail Bakeries
2
Reupholstery and Furniture Repair
2
Roofing Contractors
2
Savings Institutions
13
Scheduled Passenger Air Transportation
1
Securities Brokerage
6
Security Guards and Patrol Services
1
Septic Tank and Related Services
1
Sheet Metal Work Manufacturing
2
Shoe Stores
9
Siding Contractors
1
Sign Manufacturing
1
Snack and Nonalcoholic Beverage Bars
18
Software Publishers
5
Solid Waste Collection
4
Sporting Goods Stores
7
Sports and Recreation Instruction
2
Surface Active Agent Manufacturing
1
Tax Preparation Services
2
Telephone Answering Services
1
Temporary Help Services
3
Temporary Shelters
2
Tire Dealers
3
Tire Manufacturing (except Retreading)
1
Title Abstract and Settlement Offices
1
Tobacco Stores
1
Translation and Interpretation Services
1
Travel Agencies
11
Used Car Dealers
6
Used Household and Office Goods Moving
4
Veterinary Services
4
Video Tape and Disc Rental
4
Voluntary Health Organizations
1
Window Treatment Stores
1
Wired Telecommunications Carriers
3
Women's Clothing Stores
17
Women's Handbag and Purse Manufacturing
1
Wood Container and Pallet Manufacturing
1
Wood Window and Door Manufacturing
1
Zoos and Botanical Gardens
1

Have You Considered Franchising?

Examine a list of Peabody businesses and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?

We highly recommend you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Credit and Franchise Purchasing. 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 Chyten Educational Services and Dunn Brothers Coffee Shops. Alternatively, you can browse franchise categories, such as Sports Franchises and Dollar Store Franchises.

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

Have You Considered Buying an Existing Peabody Business?

We've created a useful website page for those who want to Buy a Business in Massachusetts. Follow that link and you may find several good businesses for sale in Peabody.

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

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?

For other considerations regarding naming a company, we recommend this article: Naming a Company.

On a final note, given that you are starting a business in Peabody, it's very important that you make sure no other Massachusetts company is using the business name you want to use.

Promoting Your New Company

To rise above the crowd in Peabody and grow your business, you need a solid marketing plan.

There are myriad resources on this site to help you with your marketing plan. Working with an Advertising Agency is a good read to get your marketing ideas flowing. That's just one of the many useful articles we have on Marketing a Small Business.

Moving Forward

You have a dream -- starting a business in Peabody. To achieve your dream, you have to persevere, even when the odds are against you.

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 Peabody and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Peabody 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 Peabody, Massachusetts

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

More Business Startup Guides for Massachusetts

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Starting a Business in Pittsfield

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