January 24, 2021  
 
  Entrepreneurial Resources - Advice for Vermont Entrepreneurs  
  Saint Albans, Vermont Resources for Entrepreneurs  
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Starting a Business in Saint Albans, Vermont

Thinking about starting a business in Saint Albans, Vermont? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Saint Albans.

Are You Sure You Want to Do This?

Being an entrepreneur is demanding, much harder than working as an employee. Are you sure you are ready to take on this challenge?

Here are three things we recommend you do before you fully commit to starting a new business of your own.

  • Speak with other entrepreneurs in Saint Albans. Ask them candidly what it's like to run a business.
  • You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
  • Involve a spouse, family member or trusted friend in the decision. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Which Business to Choose?

There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Evaluating Your Idea.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that starting a business in Saint Albans has some implications. If Saint Albans already has plenty of the kind of business you want to start, you might want to change your plans. Don't forget to review Saint Albans demographics to see if there's a market for what you want to sell.

As a new Saint Albans entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Saint Albans 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 1
Automotive Exhaust System Repair 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 3
Beauty Salons 6
Beer, Wine, and Liquor Stores 3
Book Stores 1
Bowling Centers 1
Cable and Other Program Distribution 1
Car Washes 1
Carpet and Upholstery Cleaning Services 1
Caterers 1
Cemeteries and Crematories 2
Child Day Care Services 8
Children's and Infants' Clothing Stores 2
Civic and Social Organizations 9
Commercial Lithographic Printing 2
Community Food Services 1
Computer Systems Design Services 2
Continuing Care Retirement Communities 1
Convenience Stores 5
Convention and Visitors Bureaus 1
Credit Unions 3
Custom Computer Programming Services 1
Dimension Stone Mining and Quarrying 1
Drinking Places (Alcoholic Beverages) 7
Drive-In Motion Picture Theaters 1
Drywall and Insulation Contractors 1
Electric Power Distribution 1
Electrical Contractors 3
Elementary and Secondary Schools 1
Engineering Services 2
Family Clothing Stores 2
Family Planning Centers 1
Farm Supplies Merchant Wholesalers 1
Fine Arts Schools 1
Fitness and Recreational Sports Centers 5
Floor Covering Stores 1
Florists 1
Food (Health) Supplement Stores 1
Food Service Contractors 3
Framing Contractors 1
Full-Service Restaurants 10
Funeral Homes and Funeral Services 2
Furniture Stores 6
General Automotive Repair 8
General Freight Trucking, Local 1
General Medical and Surgical Hospitals 1
General Rental Centers 2
Gift, Novelty, and Souvenir Stores 2
Glass and Glazing Contractors 1
Graphic Design Services 2
Hardware Stores 2
Heating Oil Dealers 1
Home Centers 1
Home Health Care Services 1
Household Appliance Stores 4
Human Rights Organizations 1
Insurance Agencies and Brokerages 11
Investment Advice 4
Jewelry Stores 2
Land Subdivision 1
Landscaping Services 3
Libraries and Archives 1
Limited-Service Restaurants 13
Linen Supply 1
Livestock Merchant Wholesalers 2
Local Messengers and Local Delivery 1
Machine Shops 1
Mail-Order Houses 2
Marketing Consulting Services 1
Mortgage and Nonmortgage Loan Brokers 1
Motorcycle Dealers 2
Nail Salons 1
New Car Dealers 8
Nonferrous Forging 1
Nursing Care Facilities 3
Office Administrative Services 1
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 3
Offices of Chiropractors 1
Offices of Dentists 12
Offices of Lawyers 11
Offices of Optometrists 2
Offices of Other Holding Companies 1
Offices of Podiatrists 1
Offices of Real Estate Appraisers 2
One-Hour Photofinishing 1
Outdoor Power Equipment Stores 1
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 3
Quick Printing 1
Radio Stations 1
Real Estate Credit 7
Recreational Vehicle Dealers 1
Residential Property Managers 2
Residential Remodelers 4
Roofing Contractors 1
Sales Financing 1
Savings Institutions 1
Securities Brokerage 1
Shoe Stores 2
Siding Contractors 1
Site Preparation Contractors 2
Snack and Nonalcoholic Beverage Bars 1
Special Needs Transportation 1
Sporting Goods Stores 2
Tax Preparation Services 1
Television Broadcasting 1
Temporary Shelters 1
Tire Dealers 1
Travel Agencies 1
Used Car Dealers 5
Vending Machine Operators 1
Veterinary Services 3
Video Tape and Disc Rental 2
Vocational Rehabilitation Services 1
Wired Telecommunications Carriers 2
Women's Clothing Stores 3

Should You Franchise?

As you drive around Saint Albans, it's apparent that franchising has become a very popular way to start a business. Is there a franchise opportunity out there that makes sense for you?

We advise the entrepreneurs we work with to evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Franchising My Business. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can find franchise opportunities by browsing our Franchise Opportunities Directory.

Representative franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Should You Buy an Existing Saint Albans Business?

We've created a handy website page for those who want to Buy a Business in Vermont. Follow that link and you may find several good businesses for sale in Saint Albans.

If you are serious about 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.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

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

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

Forming a Company in Saint Albans, Vermont

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

The entity you form can be 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 Vermont, you don't necessarily have to incorporate in Vermont. As it turns out, you are allowed to 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. To learn the fundamentals of company formation, browse articles on our site, such as Where to Incorporate. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Saint Albans, Vermont, our information on Incorporating in Vermont may be a useful resource if you decide to incorporate in Vermont.

The Role of the Business Plan

A business plan is vital in maximizing the prospects of your new company. 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.

If writing a business plan is on your to-do list, be sure to read Business Plan Contests. You should also take advantage of free counseling sessions provided by your local SCORE chapter in Vermont.

Getting Money to Start a Business

Getting your Saint Albans business the capital it needs to succeed is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.

Take advantage of our many articles on raising capital, such as SBIR Funding.

For Saint Albans entrepreneurs on the hunt for startup funding, check out our List of Vermont Angel Investors and our List of Vermont Venture Capital Firms.

Marketing Your New Venture

Whether your goal is to attract Saint Albans customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your successs.

You can learn quite a bit about marketing on our site. Phone Book Advertising Costs 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.

The Art of Selling

Do you know how to sell? In order to attract customers to your new Saint Albans business, you need to focus on sales.

Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.

Tips on Customer Referrals is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Increase Your Entrepreneurial Knowledge

Successful entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Saint Albans, Vermont, you will want to take advantage of the many programs available at nearby Vermont universities, colleges and community colleges. It's also smart to see if there are any Saint Albans networking organizations.

Next Steps

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

From this point on, you control your own destiny.

Our goal here is to promote the vitality and growth of small businesses in Saint Albans and throughout the United States . 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 Saint Albans, Vermont

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

 

 

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