August 9, 2020  
 
  Entrepreneurial Resources - Advice for North Carolina Entrepreneurs  
  Smithfield, North Carolina Resources for Entrepreneurs  
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Start a Business in Smithfield, North Carolina

Are you starting a business in Smithfield, North Carolina? This article discusses the most important things to consider when opening a business in Smithfield.

Smithfield, North Carolina Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 10080
5-9 Employees 5022
10-19 Employees 2592
20-49 Employees 2052
50-99 Employees 918
100-249 Employees 297
250-499 Employees 81
500-999 Employees 0
1000+ Employees 27
All Smithfield Businesses 21069

As a new Smithfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Smithfield 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 1
Ambulance Services 1
Appliance Repair and Maintenance 1
Automotive Glass Replacement Shops 1
Automotive Parts and Accessories Stores 7
Automotive Transmission Repair 1
Baked Goods Stores 3
Beauty Salons 6
Beer, Wine, and Liquor Stores 1
Blind and Shade Manufacturing 1
Boat Dealers 1
Book Stores 2
Business Associations 5
Cafeterias 2
Car Washes 2
Carpet and Upholstery Cleaning Services 2
Cemeteries and Crematories 1
Child and Youth Services 2
Child Day Care Services 5
Children's and Infants' Clothing Stores 4
Claims Adjusting 1
Clothing Accessories Stores 3
Coin-Operated Laundries and Drycleaners 1
Computer and Software Stores 1
Computer Systems Design Services 2
Confectionery Merchant Wholesalers 1
Consumer Lending 5
Convenience Stores 1
Credit Unions 1
Custom Computer Programming Services 1
Diagnostic Imaging Centers 1
Direct Title Insurance Carriers 1
Discount Department Stores 1
Display Advertising 2
Drinking Places (Alcoholic Beverages) 3
Drywall and Insulation Contractors 4
Electrical Contractors 3
Electronic Resistor Manufacturing 1
Electronic Shopping 1
Elementary and Secondary Schools 3
Exterminating and Pest Control Services 3
Family Clothing Stores 16
Farm Supplies Merchant Wholesalers 1
Finish Carpentry Contractors 3
Fish and Seafood Markets 1
Fitness and Recreational Sports Centers 2
Floor Covering Stores 4
Flooring Contractors 1
Florists 2
Food (Health) Supplement Stores 2
Food Service Contractors 3
Framing Contractors 4
Freight Transportation Arrangement 1
Full-Service Restaurants 20
Funeral Homes and Funeral Services 2
Furniture Stores 5
General Automotive Repair 4
General Freight Trucking, Local 3
General Medical and Surgical Hospitals 1
General Rental Centers 2
Gift, Novelty, and Souvenir Stores 3
Glass and Glazing Contractors 1
Golf Courses and Country Clubs 3
Hardware Merchant Wholesalers 1
Hardware Stores 1
Hobby, Toy, and Game Stores 1
Home Centers 1
Home Furnishing Merchant Wholesalers 1
Home Health Care Services 7
Homes for the Elderly 5
Insurance Agencies and Brokerages 18
Internet Service Providers 1
Investment Advice 1
Janitorial Services 5
Jewelry Stores 6
Kidney Dialysis Centers 2
Land Subdivision 4
Landscaping Services 5
Lessors of Other Real Estate Property 1
Libraries and Archives 1
Limited-Service Restaurants 28
Logging 6
Luggage and Leather Goods Stores 3
Machine Shops 1
Mail-Order Houses 1
Manufactured (Mobile) Home Dealers 3
Marketing Consulting Services 1
Masonry Contractors 4
Materials Recovery Facilities 1
Meat Processed from Carcasses 2
Medical Laboratories 2
Men's Clothing Stores 6
Mortgage and Nonmortgage Loan Brokers 1
Motorcycle Dealers 1
Museums 1
Musical Instrument and Supplies Stores 1
Nail Salons 2
New Car Dealers 4
New Housing Operative Builders 2
Newspaper Publishers 1
Nonresidential Property Managers 1
Nursing Care Facilities 2
Office Administrative Services 4
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 9
Offices of Chiropractors 3
Offices of Dentists 12
Offices of Lawyers 23
Offices of Optometrists 3
Offices of Real Estate Appraisers 2
Optical Goods Stores 1
Packaging and Labeling Services 1
Paint and Wallpaper Stores 2
Painting and Wall Covering Contractors 5
Payroll Services 1
Pet Care (except Veterinary) Services 2
Petroleum Bulk Stations and Terminals 2
Pharmacies and Drug Stores 5
Photography Studios, Portrait 2
Quick Printing 3
Ready-Mix Concrete Manufacturing 1
Recreational Vehicle Dealers 1
Residential Property Managers 4
Residential Remodelers 1
Roofing Contractors 2
Sales Financing 1
Sawmills 2
Securities Brokerage 4
Shoe Stores 16
Siding Contractors 2
Sign Manufacturing 1
Site Preparation Contractors 6
Snack and Nonalcoholic Beverage Bars 3
Solid Waste Collection 1
Sporting Goods Stores 3
Support Activities for Forestry 1
Tax Preparation Services 2
Taxi Service 1
Temporary Help Services 3
Temporary Shelters 1
Testing Laboratories 1
Tile and Terrazzo Contractors 1
Tire Dealers 4
Travel Agencies 1
Used Car Dealers 8
Used Merchandise Stores 1
Veterinary Services 3
Video Tape and Disc Rental 3
Vocational Rehabilitation Services 1
Warehouse Clubs and Supercenters 1
Wholesale Trade Agents and Brokers 5
Wired Telecommunications Carriers 5
Women's Clothing Stores 10
Wood Window and Door Manufacturing 1

Should You Franchise?

Visit the business district of Smithfield and you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?

Our advice is to consider franchising as an option. We have many articles on franchises, such as Benefits of Owning A Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Duct Doctor USA and House of Bread. Alternatively, you can browse franchise categories, such as Cartridge Recycling Franchises and Child Entertainment Franchises.

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

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.

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.

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

There's one other important factor when naming a business. Since you are opening a business in Smithfield, it's imperative that you check now that you will be the only North Carolina company using the business name you have chosen.

The Role of the Business Plan

Having a business plan is vital in maximizing the prospects of your new company. Indeed, your business plan is your game plan for how you hope to grow your business. Not having a business plan makes you more prone to becoming a business failure statistic.

To learn more about business plans, read Find Sample Business Plans Online. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in North Carolina.

Marketing Your New Venture

To grow your Smithfield business, you'll need to have a good marketing plan.

There are myriad resources on this site to help you with your marketing plan. Sponsoring Local Events 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 priority one if you want your new Smithfield business to do well.

So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Closing Sales Techniques is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Next Steps

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

If you choose the right business and love what you do, you will greatly increase your odds of success.

Our goal here is to promote the vitality and growth of small businesses in Smithfield and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Smithfield 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 Smithfield, North Carolina

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

 

 

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