Massachusetts Business Startup Guides
Open a Business in Somerville, Massachusetts
Need help starting a business in Somerville, Massachusetts? We've got the information you need to open a business in Somerville.
Somerville, Massachusetts Demographic Information
Somerville has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Somerville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Somerville.
Businesses
As a new Somerville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Somerville 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
What About Franchising Opportunities?
As you drive around Somerville, you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Most business experts recommend that you consider franchising as an option. We have many articles on franchises, such as How to 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.
Representative franchise opportunities include The Screen Machine and Tech Hero. Alternatively, you can browse franchise categories, such as Carpet Care Franchises and Deli Restaurant Franchises.
Note on Somerville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Somerville.
The Role of the Business Plan
A business plan is vital in maximizing the prospects of your new company. 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 Find Sample Business Plans Online. You can also get face-to-face free consulting available from your local SCORE chapter in Massachusetts.
Raising Capital for Your Venture
Finding the funds to fuel the growth of your Somerville business will be harder than you might expect. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.
Take advantage of our many articles on finding startup capital, such as Borrowing Money from Friends and Family.
For Somerville entrepreneurs who want to raise money for a new venture, check out our List of Massachusetts Angel Investors and our List of Massachusetts Venture Capital Firms.
Marketing Your New Venture
To rise above the crowd in Somerville and build your business, you need a solid marketing plan.
You can learn all about marketing on our site. Avoiding Bad Product Launches is a good read to get your marketing juices flowing. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Building Up Your Sales
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Somerville or are selling to customers throughout Massachusetts, the United States or even the world, you have to be able to sell.
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.
Cold Call Selling is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Never Give Up
You have a dream -- starting a business in Somerville. To achieve your dream, you have to persevere, even when the odds are against you.
Owning your own business will be a daunting task, but you can do it.
This site is all about helping entrepreneurs in Somerville and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Somerville, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Somerville, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Somerville.
- Resources for Somerville, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Somerville entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
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