North Carolina Business Startup Guides
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.
Businesses
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.
Businesses
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.
- Resources for Smithfield, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Smithfield entrepreneurs.
- North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
- North Carolina SBA - With offices in Charlotte, Wilmington, Raleigh and Asheville, the SBA organizes many events and provides useful resources for new entrepreneurs and growing businesses throughout North Carolina.
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