August 3, 2020  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  Sherman Oaks, California Resources for Entrepreneurs  
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Starting a Business in Sherman Oaks, California

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

Is Becoming an Entrepreneur Right for You?

Being an entrepreneur is difficult, much harder than working as an employee. Are you certain you want to start a business?

Before you move forward with starting a business, be sure to do these three things:

  • Talk to other entrepreneurs in Sherman Oaks. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

Choosing the Right Company to Start

Choosing a business that is right for you is very important. To help you decide on a business type, we encourage you to 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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Don't forget that your new startup will be located in Sherman Oaks. Some businesses will do better in Sherman Oaks than others. Study Sherman Oaks demographics and do a competitive analysis as part of your startup planning process.

As a new Sherman Oaks entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Sherman Oaks 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
Advertising Agencies 11
Amusement Arcades 3
Appliance Repair and Maintenance 2
Architectural Services 13
Art Dealers 5
Automobile Driving Schools 2
Automotive Glass Replacement Shops 2
Automotive Parts and Accessories Stores 1
Baked Goods Stores 4
Barber Shops 1
Beauty Salons 29
Beer, Wine, and Liquor Stores 8
Blood and Organ Banks 2
Book Publishers 1
Book Stores 5
Building Inspection Services 2
Business Associations 3
Business to Business Electronic Markets 2
Camera and Photographic Supplies Stores 1
Car Washes 4
Caterers 3
Cemeteries and Crematories 1
Child and Youth Services 2
Child Day Care Services 6
Children's and Infants' Clothing Stores 6
Civic and Social Organizations 5
Claims Adjusting 1
Clothing Accessories Stores 5
Coin-Operated Laundries and Drycleaners 3
Collection Agencies 2
Commercial Lithographic Printing 5
Commercial Photography 5
Commodity Contracts Brokerage 1
Commodity Contracts Dealing 1
Computer and Software Stores 4
Computer Facilities Management Services 1
Computer Systems Design Services 14
Confectionery and Nut Stores 1
Consumer Lending 5
Convenience Stores 2
Convention and Trade Show Organizers 4
Convention and Visitors Bureaus 1
Couriers 1
Court Reporting and Stenotype Services 1
Credit Unions 2
Custom Computer Programming Services 22
Dance Companies 4
Dental Laboratories 3
Diagnostic Imaging Centers 5
Diet and Weight Reducing Centers 3
Direct Life Insurance Carriers 6
Direct Mail Advertising 2
Direct Title Insurance Carriers 1
Directory and Mailing List Publishers 2
Display Advertising 3
Document Preparation Services 7
Drinking Places (Alcoholic Beverages) 5
Drywall and Insulation Contractors 1
Educational Support Services 6
Electrical Contractors 15
Electronic Auctions 1
Electronic Shopping 6
Elementary and Secondary Schools 7
Employment Placement Agencies 16
Engineering Services 9
Environmental Consulting Services 3
Exam Preparation and Tutoring 5
Exterminating and Pest Control Services 1
Family Clothing Stores 12
Family Planning Centers 1
Fine Arts Schools 6
Fitness and Recreational Sports Centers 19
Floor Covering Stores 4
Flooring Contractors 3
Florists 7
Food (Health) Supplement Stores 3
Footwear and Leather Goods Repair 1
Footwear Merchant Wholesalers 1
Formal Wear and Costume Rental 1
Frozen Specialty Food Manufacturing 1
Fruit and Vegetable Markets 1
Full-Service Restaurants 81
Furniture Merchant Wholesalers 1
Furniture Stores 17
General Automotive Repair 13
General Medical and Surgical Hospitals 2
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 11
Graphic Design Services 14
Hardware Merchant Wholesalers 1
Hobby, Toy, and Game Stores 4
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 7
Homes for the Elderly 4
Household Appliance Stores 1
Human Rights Organizations 1
Insurance Agencies and Brokerages 58
Interior Design Services 10
Internet Publishing and Broadcasting 2
Internet Service Providers 7
Investigation Services 4
Investment Advice 23
Janitorial Services 5
Jewelry Stores 15
Junior Colleges 1
Land Subdivision 1
Landscape Architectural Services 1
Landscaping Services 6
Lessors of Other Real Estate Property 3
Libraries and Archives 1
Lime Manufacturing 1
Limited-Service Restaurants 58
Limousine Service 6
Local Messengers and Local Delivery 4
Luggage and Leather Goods Stores 1
Mail-Order Houses 2
Marinas 1
Marketing Consulting Services 30
Masonry Contractors 1
Meat Markets 1
Media Buying Agencies 2
Media Representatives 4
Medical Laboratories 1
Men's Clothing Stores 7
Miscellaneous Intermediation 5
Mixed Mode Transit Systems 1
Mobile Food Services 2
Monetary Authorities-Central Bank 1
Mortgage and Nonmortgage Loan Brokers 19
Motion Picture and Video Distribution 5
Motion Picture and Video Production 131
Motor Vehicle Towing 2
Motorcycle Dealers 1
Museums 1
Music Publishers 7
Musical Groups and Artists 53
Musical Instrument and Supplies Stores 4
Musical Instrument Manufacturing 1
Nail Salons 14
New Car Dealers 3
New Housing Operative Builders 4
News Dealers and Newsstands 3
News Syndicates 1
Newspaper Publishers 2
Nonresidential Property Managers 10
Nursing Care Facilities 4
Office Administrative Services 13
Office Equipment Merchant Wholesalers 2
Office Supplies and Stationery Stores 1
Offices of Certified Public Accountants 88
Offices of Chiropractors 16
Offices of Dentists 50
Offices of Lawyers 134
Offices of Optometrists 8
Offices of Podiatrists 4
Offices of Real Estate Appraisers 7
One-Hour Photofinishing 1
Ophthalmic Goods Manufacturing 1
Ophthalmic Goods Merchant Wholesalers 2
Optical Goods Stores 5
Paging 1
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 10
Parking Lots and Garages 22
Passenger Car Leasing 1
Passenger Car Rental 2
Payroll Services 11
Periodical Publishers 2
Pet and Pet Supplies Stores 6
Pet Care (except Veterinary) Services 5
Pharmacies and Drug Stores 10
Photography Studios, Portrait 5
Portfolio Management 3
Private Mail Centers 4
Professional Employer Organizations 2
Professional Organizations 2
Public Relations Agencies 15
Quick Printing 2
Radio Networks 3
Radio Stations 57
Real Estate Credit 21
Real Estate Investment Trusts 2
Record Production 2
Reinsurance Carriers 1
Remediation Services 1
Residential Property Managers 30
Residential Remodelers 20
Retail Bakeries 1
Roofing Contractors 2
Sales Financing 6
Savings Institutions 6
Securities Brokerage 10
Security Guards and Patrol Services 3
Shoe Stores 17
Siding Contractors 1
Sign Manufacturing 2
Snack and Nonalcoholic Beverage Bars 19
Software Publishers 2
Sound Recording Studios 11
Sporting Goods Stores 4
Sports and Recreation Instruction 2
Tax Preparation Services 14
Telecommunications Resellers 2
Telemarketing Bureaus 2
Temporary Help Services 9
Temporary Shelters 1
Testing Laboratories 2
Theater Companies and Dinner Theaters 3
Tile and Terrazzo Contractors 5
Tire Dealers 4
Title Abstract and Settlement Offices 1
Tobacco Stores 3
Tour Operators 6
Translation and Interpretation Services 2
Travel Agencies 13
Used Household and Office Goods Moving 3
Used Merchandise Stores 5
Veterinary Services 6
Video Tape and Disc Rental 5
Vocational Rehabilitation Services 2
Voluntary Health Organizations 5
Wholesale Trade Agents and Brokers 11
Window Treatment Stores 1
Wired Telecommunications Carriers 10
Women's Clothing Stores 25
Yarn Spinning Mills 1

Is Franchising a Better Option?

As you drive around Sherman Oaks, it's apparent that franchising has become a very popular way to start a business. But is franchising the right option for you?

We highly recommend you look into purchasing a franchise. We have many articles on franchises, such as How Franchises Work. 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 Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Have You Considered Buying an Existing Sherman Oaks Business?

If you have some capital to play with, you may want to Buy a Business in California. Follow that link and you may find several good businesses for sale in Sherman Oaks.

For anybody who wants to buy a business, we recommend reading this useful article: Buying a Business.

Picking a Company Name

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

Numerous company naming issues are discussed in more detail in this article: Branding Advice.

As a final piece of advice, remember that because you are opening a business in Sherman Oaks, it's critical that you ensure that no other California company is using the business name you want to use.

Forming a Company in Sherman Oaks, California

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will protect you from personal liability for business debts and obligations.

The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.

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 California, you don't necessarily have to incorporate in California. In fact, you can incorporate wherever you want. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.

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 How to Incorporate. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Sherman Oaks, California, our information on Incorporating in California may be a useful resource if you decide to incorporate in California.

The Role of the Business Plan

A business plan is critical in laying a solid foundation for your business success. Indeed, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.

Before you start writing a business plan, we suggest you skim Business Plan Contests. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in California.

Startup Financing Basics

Getting your Sherman Oaks business the capital it needs to succeed will be harder than you might expect. In fact, financing your new business may be the hardest challenge you ever face.

Take advantage of our many articles on raising capital, such as Attracting Investors.

For Sherman Oaks entrepreneurs who need startup capital, check out our List of California Angel Investors and our List of California Venture Capital Firms.

Letting the World Know You Exist

To rise above the crowd in Sherman Oaks and grow your business, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Introduction to Advertising is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

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

So what does it take to bring in more prospects and close more business? Let us help you refine your selling techniques through our many useful sales advice tips.

Why Salespeople Fail offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.

Learning More About Entrepreneurship

The best entrepreneurs recognize that they need to continually improve.

Given that you are starting a business in Sherman Oaks, California, you will want to take advantage of the many programs available at nearby California universities, colleges and community colleges. It's also beneficial to see if there are any networking organizations for Sherman Oaks entrepreneurs.

Moving Forward

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

From this point on, you control your own destiny.

This site is all about helping entrepreneurs in Sherman Oaks and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Sherman Oaks 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 Sherman Oaks, California

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

 

 

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