North Carolina Business Startup Guides

Starting a Business in Siler City, North Carolina

Thinking about starting a business in Siler City, North Carolina? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Siler City.

Are You Ready for Life as an Owner?

Most new companies don't make it, in part because the founder did not have the entrepreneurial skills and traits needed to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

  • Reach out to other entrepreneurs in Siler City. Listen closely to their experiences and see if you think you too can be successful.
  • Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
  • Seek the advice of somebody who knows you well. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.

What Business Are You Starting?

An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Good 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 How to Start a Marine Electric Contractors Business guide or our How to Start a Nightclub Information Services Business guide.

Always keep in mind that your new startup will be located in Siler City. Some businesses will do better in Siler City than others. Don't forget to review Siler City demographics to see if there's a market for what you want to sell.

Siler City, North Carolina Demographic Information

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

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

Business Size
# of
Businesses
1-4 Employees
602
5-9 Employees
261
10-19 Employees
150
20-49 Employees
83
50-99 Employees
30
100-249 Employees
18
250-499 Employees
6
500-999 Employees
0
1000+ Employees
3
All Siler City Businesses
1153

As a new Siler City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Siler City 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
Appliance Repair and Maintenance
1
Automotive Parts and Accessories Stores
6
Baked Goods Stores
1
Beauty Salons
4
Bed-and-Breakfast Inns
1
Beer, Wine, and Liquor Stores
1
Broadwoven Fabric Mills
1
Business Associations
1
Cafeterias
1
Camera and Photographic Supplies Stores
1
Caterers
2
Child and Youth Services
1
Child Day Care Services
2
Commercial Flexographic Printing
1
Commercial Lithographic Printing
1
Commercial Screen Printing
1
Computer Systems Design Services
2
Concrete Block and Brick Manufacturing
1
Construction Machinery Manufacturing
1
Convenience Stores
2
Credit Unions
1
Custom Computer Programming Services
1
Dental Laboratories
1
Electric Power Distribution
1
Electrical Contractors
3
Elementary and Secondary Schools
3
Family Clothing Stores
3
Floor Covering Stores
3
Florists
3
Food (Health) Supplement Stores
1
Food Service Contractors
1
Framing Contractors
2
Full-Service Restaurants
14
Funeral Homes and Funeral Services
1
Furniture Stores
5
General Automotive Repair
7
General Freight Trucking, Local
1
General Medical and Surgical Hospitals
1
General Rental Centers
1
Gift, Novelty, and Souvenir Stores
1
Glass and Glazing Contractors
1
Hardware Stores
1
Heating Oil Dealers
1
Home Centers
1
Home Health Care Services
3
Household Appliance Stores
1
Insurance Agencies and Brokerages
10
Janitorial Services
1
Land Subdivision
1
Lessors of Other Real Estate Property
2
Limited-Service Restaurants
13
Livestock Merchant Wholesalers
2
Logging
7
Machine Shops
1
Manufactured (Mobile) Home Dealers
2
Meat Markets
1
Meat Processed from Carcasses
1
Medical Laboratories
1
Motion Picture and Video Production
1
Nail Salons
1
New Car Dealers
2
Newspaper Publishers
1
Office Equipment Merchant Wholesalers
1
Offices of Certified Public Accountants
3
Offices of Chiropractors
1
Offices of Dentists
3
Offices of Lawyers
4
Offices of Optometrists
3
Offices of Other Holding Companies
1
Pharmacies and Drug Stores
1
Photography Studios, Portrait
1
Portfolio Management
1
Poultry Processing
1
Radio Stations
1
Ready-Mix Concrete Manufacturing
1
Residential Remodelers
1
Sawmills
2
Securities Brokerage
1
Septic Tank and Related Services
1
Sheer Hosiery Mills
1
Shoe Stores
2
Siding Contractors
2
Site Preparation Contractors
1
Tax Preparation Services
1
Telecommunications Resellers
1
Tire and Tube Merchant Wholesalers
1
Tire Dealers
3
Travel Agencies
1
Truss Manufacturing
1
Used Merchandise Stores
1
Veterinary Services
4
Video Tape and Disc Rental
2
Vocational Rehabilitation Services
4
Warehouse Clubs and Supercenters
1
Wholesale Trade Agents and Brokers
1
Wired Telecommunications Carriers
2
Women's Clothing Stores
1

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.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

As a final piece of advice, remember that because you are planning on starting a business in Siler City, it's imperative that you check now that no other North Carolina company is using the business name you want to use.

Promoting Your New Company

To grow your Siler City business, having an excellent marketing plan is fundamental to your doing well.

We have some great resources on this site for entrepreneurs who are working on marketing plans. Advertising on Google discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Bring in Revenues

Mastering the art of selling is essential if you want your new Siler City business to do well.

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.

Anticipating Prospect Responses is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

How to Improve Your Entrepreneurial Abilities

Good entrepreneurs recognize that they need to continually improve.

With your business being located in Siler City, North Carolina, you will want to take advantage of the many programs available at nearby North Carolina universities, colleges and community colleges. It's also worthwhile to see if there are any networking groups or organizations in which Siler City entrepreneurs get together to network and trade their business experiences.

Never Give Up

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

From this point on, you control your own destiny.

We are here to help Siler City businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Siler City 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 Siler City, North Carolina

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

More Business Startup Guides for North Carolina

Starting a Business in Shelby
Starting a Business in Smithfield

Browse All Business Startup Guides for North Carolina
Starting a Business Guides for Other States

 

 

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