August 3, 2020  
 
  Entrepreneurial Resources - Advice for Delaware Entrepreneurs  
  Smyrna, Delaware Resources for Entrepreneurs  
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Start a Business in Smyrna, Delaware

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

Smyrna, Delaware Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 2430
5-9 Employees 1110
10-19 Employees 495
20-49 Employees 345
50-99 Employees 105
100-249 Employees 45
250-499 Employees 15
500-999 Employees 15
1000+ Employees 0
All Smyrna Businesses 4560

As a new Smyrna entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Smyrna 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
Amusement Arcades 1
Appliance Repair and Maintenance 1
Art Dealers 1
Automotive Parts and Accessories Stores 3
Beauty Salons 8
Beer, Wine, and Liquor Stores 2
Cafeterias 1
Car Washes 2
Child and Youth Services 4
Child Day Care Services 6
Civic and Social Organizations 3
Claims Adjusting 1
Computer and Software Stores 1
Computer Systems Design Services 1
Construction Sand and Gravel Mining 1
Consumer Lending 1
Convenience Stores 4
Custom Computer Programming Services 3
Drinking Places (Alcoholic Beverages) 2
Electrical Contractors 6
Engineering Services 3
Exterminating and Pest Control Services 1
Fabric Coating Mills 1
Farm Supplies Merchant Wholesalers 2
Flooring Contractors 2
Florists 1
Food (Health) Supplement Stores 1
Freight Transportation Arrangement 1
Full-Service Restaurants 9
Funeral Homes and Funeral Services 3
General Automotive Repair 3
General Freight Trucking, Local 3
General Rental Centers 2
General Warehousing and Storage 1
Gift, Novelty, and Souvenir Stores 2
Hardware Manufacturing 1
Historical Sites 1
Insurance Agencies and Brokerages 6
Janitorial Services 5
Jewelry Stores 2
Landscaping Services 7
Lessors of Other Real Estate Property 3
Limited-Service Restaurants 12
Local Messengers and Local Delivery 1
Masonry Contractors 1
Medical Laboratories 1
Mortgage and Nonmortgage Loan Brokers 3
New Car Dealers 4
New Housing Operative Builders 2
Newspaper Publishers 1
Nursing Care Facilities 2
Offices of Certified Public Accountants 1
Offices of Chiropractors 1
Offices of Dentists 4
Offices of Lawyers 3
Offices of Optometrists 2
Offices of Other Holding Companies 1
Painting and Wall Covering Contractors 2
Pet and Pet Supplies Stores 1
Pet Care (except Veterinary) Services 1
Petroleum Bulk Stations and Terminals 1
Pharmacies and Drug Stores 2
Portfolio Management 1
Private Mail Centers 1
Quick Printing 1
Recreational Vehicle Dealers 1
Repossession Services 1
Residential Remodelers 3
Roofing Contractors 2
School and Employee Bus Transportation 2
Securities Brokerage 2
Septic Tank and Related Services 1
Sheet Metal Work Manufacturing 1
Siding Contractors 1
Site Preparation Contractors 4
Snack and Nonalcoholic Beverage Bars 2
Solid Waste Collection 1
Sporting Goods Stores 2
Sports and Recreation Instruction 1
Tax Preparation Services 1
Testing Laboratories 1
Textile Bag Mills 2
Tobacco Stores 1
Travel Agencies 1
Used Car Dealers 3
Used Merchandise Stores 1
Vending Machine Operators 1
Veterinary Services 3
Video Tape and Disc Rental 2
Wholesale Trade Agents and Brokers 1
Wired Telecommunications Carriers 1

Should You Franchise?

As you drive around Smyrna, you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?

Most business experts recommend that you consider franchising as an option. On our site, you can read many articles about franchising, such as Understanding Franchise Contracts. Get a thorough education on franchising by browsing all of our Articles on Franchising.

You can review hundreds of franchise opportunities by browing our Franchise Directory.

Sample franchise opportunities include Barnie's Coffee & Tea Co. and EPMARK, Inc.. Alternatively, you can browse franchise categories, such as Textile Repair Franchises and Health and Diet Franchises.

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

Forming a Company in Smyrna, Delaware

A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. The principal advantage of forming your new business as a legal entity is that it separates your business liabilities from your personal liabilities.

The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation 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 Delaware, you don't necessarily have to incorporate in Delaware. As it turns out, you can incorporate wherever you want. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Subchapter S Corporations. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Smyrna, Delaware, our information on Incorporating in Delaware may be a useful resource if you decide to incorporate in Delaware.

Make Sure You Have a Business Plan

A business plan is critical in laying a solid foundation for your business success. In effect, your business plan is your game plan for how you hope to grow your business. Starting a business without a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Outsourcing. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Delaware.

Selling Tips

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

Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.

Good Sales Strategies 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 don't know everything.

Given that you are starting a business in Smyrna, Delaware, you will want to take advantage of the learning programs at local Delaware educational institutions. We also recommend you look into Smyrna networking organizations.

Moving Forward

Most new Smyrna 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.

This site is all about helping entrepreneurs in Smyrna and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Smyrna, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Smyrna, Delaware

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

 

 

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