New Jersey Business Startup Guides
Opening a Business in Piscataway, New Jersey
Contemplating starting a business in Piscataway, New Jersey? We walk you through the process of opening a business in Piscataway.
Are You Sure You Want to Do This?
Most new companies don't make it, in part because the business owner did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
To determine whether you have what it takes to run a business, we recommend these three steps to help you decide:
- Talk to other entrepreneurs in Piscataway. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Piscataway, New Jersey Demographic Information
Piscataway has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Piscataway demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Piscataway.
Businesses
As a new Piscataway entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Piscataway 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
Have You Considered Buying an Existing Piscataway Business?
An excellent way to get started in business is to Buy a Business in New Jersey. Follow that link and you may find several good businesses for sale in Piscataway.
Before buying a business, be sure to read this article: How to Buy a Business.
Do You Need a Business Plan?
A business plan is essential to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.
If you want more information on writing business plans, we recommend reading Business Plan Mistakes. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in New Jersey.
Startup Financing Basics
Raising money to fund your new Piscataway business is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Getting a Small Business Loan.
For Piscataway entrepreneurs on the hunt for startup funding, we have assembled a List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
Marketing Your New Venture
To grow your Piscataway business, you need a excellent marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Toll Free Numbers discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Next Steps
Most new Piscataway businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
We are here to help Piscataway businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Piscataway, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Piscataway, New Jersey
Here are more links that we believe will help you be successful in starting a business in Piscataway.
- Resources for Piscataway, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Piscataway 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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