New Jersey Business Startup Guides
Opening a Business in Salem, New Jersey
Contemplating starting a business in Salem, New Jersey? We walk you through the process of opening a business in Salem.
Do You Have Entrepreneurial Drive and Passion?
Before announcing to the world that you are going to start your own business, take inventory of your entrepreneurial instincts and capabilities.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Salem. Get their candid feedback on what it takes to start a successful business.
- 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. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Salem, New Jersey Demographic Information
Salem has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Salem demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Salem.
Businesses
As a new Salem entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Salem 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
Do You Need a Business Plan?
Writing a business plan is vital to the health of your new business. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan will greatly reduce your chances of business success.
If you want more information on writing business plans, we recommend reading Business Plan Software. You can also get free business counselors available to you through your local SCORE chapter in New Jersey.
Raising Capital for Your Venture
Obtaining startup financing for your Salem business is not an easy task. 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 Find Start-Up Capital.
For Salem entrepreneurs in need of startup financing, check out our List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
Marketing Your New Venture
To rise above the crowd in Salem and grow your business, you need a solid marketing plan.
We have some helpful resources on this site for entrepreneurs who are working on marketing plans. Advertising in the Yellow Pages 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.
Bring in Revenues
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Salem or are selling to customers throughout New Jersey, the United States or even the world, you have to be able to sell.
The key to selling is to set sales goals goals and monitor your progress towards those goals. The good news is we can help you to make selling a big competitve advantage for your new firm.
Sales Training is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Now It's Up To You
You have a dream -- starting a business in Salem. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
We are here to help Salem businesses to be successful. 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 Salem, New Jersey
Here are more links that we believe will help you be successful in starting a business in Salem.
- Resources for Salem, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Salem 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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