August 13, 2020  
 
  Entrepreneurial Resources - Advice for North Carolina Entrepreneurs  
  Raeford, North Carolina Resources for Entrepreneurs  
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Start a Business in Raeford, North Carolina

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

Raeford, North Carolina Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 483
5-9 Employees 237
10-19 Employees 105
20-49 Employees 81
50-99 Employees 12
100-249 Employees 3
250-499 Employees 6
500-999 Employees 3
1000+ Employees 3
All Raeford Businesses 933

As a new Raeford entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Raeford 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
Automobile Driving Schools 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 3
Beer, Wine, and Liquor Stores 1
Broadwoven Fabric Finishing Mills 1
Business Associations 1
Caterers 1
Child and Youth Services 2
Child Day Care Services 7
Coin-Operated Laundries and Drycleaners 1
Concrete Block and Brick Manufacturing 1
Construction Sand and Gravel Mining 1
Consumer Lending 1
Convenience Stores 5
Couriers 2
Credit Unions 1
Drinking Places (Alcoholic Beverages) 1
Electric Power Distribution 1
Electrical Contractors 4
Exam Preparation and Tutoring 1
Family Clothing Stores 1
Farm Product Warehousing and Storage 1
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 1
Floor Covering Stores 1
Framing Contractors 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 6
General Freight Trucking, Local 1
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 1
Golf Courses and Country Clubs 2
Hardware Merchant Wholesalers 1
Home Health Care Services 7
Homes for the Elderly 2
Industrial Building Construction 1
Insurance Agencies and Brokerages 5
Janitorial Services 1
Jewelry Stores 1
Kidney Dialysis Centers 1
Landscaping Services 1
Lessors of Other Real Estate Property 2
Limited-Service Restaurants 11
Machine Shops 1
Manufactured (Mobile) Home Dealers 1
Masonry Contractors 2
Museums 1
New Housing Operative Builders 1
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 1
Offices of Certified Public Accountants 2
Offices of Chiropractors 3
Offices of Dentists 3
Offices of Lawyers 6
Offices of Optometrists 1
Painting and Wall Covering Contractors 1
Pet Care (except Veterinary) Services 1
Pharmacies and Drug Stores 3
Poultry Processing 1
Quick Printing 1
Radio Stations 1
Ready-Mix Concrete Manufacturing 1
Real Estate Credit 2
Residential Property Managers 1
Septic Tank and Related Services 1
Siding Contractors 1
Sign Manufacturing 2
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 3
Sporting Goods Stores 2
Tax Preparation Services 3
Temporary Help Services 1
Temporary Shelters 1
Tire Dealers 1
Title Abstract and Settlement Offices 1
Toilet Preparation Manufacturing 1
Used Car Dealers 1
Used Merchandise Stores 1
Veterinary Services 1
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 1
Water Supply and Irrigation Systems 2
Wired Telecommunications Carriers 2
Women's Clothing Stores 1
Yarn Spinning Mills 1

Is Franchising a Better Option?

As you drive around Raeford, it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Five Franchise Opportunities To Watch. 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.

Sample franchise opportunities include Unishippers and Gourmet Cup. Alternatively, you can browse franchise categories, such as Franchises that Serve Liquor and Hair Styling Franchises.

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

Have You Considered Buying an Existing Raeford Business?

An excellent way to get started in business is to Buy a Business in North Carolina. Follow that link and you might discover several good businesses for sale in Raeford.

For anybody who wants to buy a business, we recommend reading this useful article: Hold Harmless Agreements When Buying Businesses.

Forming a Company in Raeford, North Carolina

It's essential that you form your business as a legal structure. Doing so will protect you from personal liability for business debts and obligations.

When forming a company, you will decide among 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. If you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. In fact, you can 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 are many nuances to forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Pre-Incorporation Agreements. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Raeford, North Carolina, our web page covering Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.

The Role of the Business Plan

A business plan is critical in laying a solid foundation for your business success. Indeed, a business plan is a written description of the future you envision for your business. Failure to write a business plan is a recipe for disaster.

To learn more about business plans, read The Art of the Executive Summary. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in North Carolina.

Bring in Revenues

Mastering the art of selling is priority one if you want your new Raeford business to do well.

Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.

Effective Sales Presentations is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

What's Next?

Most new Raeford businesses underestimate the number of challenges they will face.

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Raeford and elsewhere to achieve real success. 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 Raeford, North Carolina

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

 

 

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