Maryland Business Startup Guides
Starting a Business in Salisbury, Maryland
Thinking about starting a business in Salisbury, Maryland? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Salisbury.
Which Business to Choose?
An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Free Business Ideas.
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 Opening a Disciples of Christ Church guide or our Starting a Scrap & Waste Materials Business guide.
Don't forget that you are starting a business in Salisbury. Some businesses will do better in Salisbury than others. Study Salisbury demographics and do a competitive analysis as part of your startup planning process.
Salisbury, Maryland Demographic Information
Salisbury has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Salisbury demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Salisbury.
As a new Salisbury entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Salisbury 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.
Should You Franchise?
As you drive around Salisbury, you'll see that franchises make up a large percentage of local businesses. Should you be giving franchising serious consideration?
Most business experts recommend that you investigate buying a franchise. We have many articles on franchises, such as Franchising Mistakes. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
A comprehensive list of franchisors is available via our List of Franchise Opportunities.
Sample franchise opportunities include TravelCenters of America, Inc. and Lil' Pals Pet Photography. Alternatively, you can browse franchise categories, such as Construction Franchises and Home Services Franchises.
Note on Salisbury Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Salisbury.
Choosing a Company Name
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
There's one other important factor when naming a business. Since you are starting a business in Salisbury, it's critical that you ensure that no other Maryland company is using the business name you want to use.
Getting Money to Start a Business
Getting your Salisbury business the capital it needs to succeed will be harder than you might expect. If you don't have a rich uncle to fund you, you'll need to be creative in how you approach your fundraising efforts.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Only Idiots Send Venture Capitalists Business Plans.
Increase Your Entrepreneurial Knowledge
Good entrepreneurs know that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Salisbury, Maryland, you will want to take advantage of the many programs available at nearby Maryland universities, colleges and community colleges. It's also worthwhile to see if there are any networking organizations for Salisbury entrepreneurs.
Never Give Up
As an entrepreneur in Salisbury, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Salisbury businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Salisbury 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 Salisbury, Maryland
Here are more links that we believe will help you be successful in starting a business in Salisbury.
- Resources for Salisbury, Maryland Entrepreneurs - Browse a variety of resources we've collected to assist Salisbury entrepreneurs.
- Maryland Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Maryland.
- Maryland Small Business Development Center - The Maryland Small Business Development Center Network has six regional offices and more than 20 locations where Maryland entrepreneurs can receive comprehensive, resources and relevant assistance.
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