August 6, 2020  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  Studio City, California Resources for Entrepreneurs  
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Starting a Business in Studio City, California

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

Is Becoming an Entrepreneur Right for You?

Before you get too far along in the process, take inventory of your entrepreneurial instincts and capabilities.

While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:

  • Speak with other entrepreneurs in Studio City. Get their take on what it's really like to be an entrepreneur.
  • You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
  • Talk it over with a close friend or partner. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Business to Start

There are many businesses that you can start. How do you know which type of business is right for you? You might get some good ideas about what kind of business to start by reading Good Business Ideas.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Dance Club guide or our Starting a Tatoo Parlor guide.

Always keep in mind that your new startup will be located in Studio City. Some businesses will do better in Studio City than others. Make sure you fully understand Studio City demographics before you lock in on your business idea.

As a new Studio City entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Studio 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
Advertising Agencies 10
Aircraft Manufacturing 1
Ambulance Services 1
Appliance Repair and Maintenance 2
Architectural Services 7
Art Dealers 1
Automotive Parts and Accessories Stores 2
Baked Goods Stores 2
Barber Shops 1
Beauty Salons 28
Beer and Ale Merchant Wholesalers 1
Beer, Wine, and Liquor Stores 6
Book Publishers 2
Book Stores 6
Bowling Centers 2
Business Associations 2
Cable and Other Program Distribution 1
Cafeterias 1
Camera and Photographic Supplies Stores 3
Car Washes 2
Caterers 3
Cemeteries and Crematories 1
Child and Youth Services 3
Child Day Care Services 7
Children's and Infants' Clothing Stores 4
Civic and Social Organizations 1
Clothing Accessories Stores 5
Coin-Operated Laundries and Drycleaners 1
Commercial Photography 6
Computer and Software Stores 1
Computer Systems Design Services 12
Consumer Lending 1
Continuing Care Retirement Communities 1
Convenience Stores 1
Convention and Trade Show Organizers 2
Curtain and Drapery Mills 1
Custom Computer Programming Services 10
Diagnostic Imaging Centers 4
Diet and Weight Reducing Centers 1
Display Advertising 1
Drinking Places (Alcoholic Beverages) 10
Educational Support Services 2
Electrical Contractors 4
Electronic Shopping 2
Elementary and Secondary Schools 1
Employment Placement Agencies 14
Engineering Services 6
Environmental Consulting Services 3
Family Clothing Stores 8
Family Planning Centers 1
Farm Labor Contractors and Crew Leaders 1
Fine Arts Schools 6
Finish Carpentry Contractors 1
Fitness and Recreational Sports Centers 5
Flight Training 1
Flooring Contractors 1
Florists 1
Food (Health) Supplement Stores 2
Food Service Contractors 3
Formal Wear and Costume Rental 1
Freight Transportation Arrangement 1
Full-Service Restaurants 69
Furniture Stores 6
General Automotive Repair 6
General Rental Centers 1
Gift, Novelty, and Souvenir Stores 5
Golf Courses and Country Clubs 2
Grantmaking Foundations 2
Graphic Design Services 15
Hardware Stores 2
Hobby, Toy, and Game Stores 4
Home Health Care Services 4
Homes for the Elderly 3
Household Appliance Stores 1
Human Rights Organizations 1
Insurance Agencies and Brokerages 18
Interior Design Services 5
Investigation Services 1
Investment Advice 2
Janitorial Services 1
Jewelry (except Costume) Manufacturing 2
Jewelry Stores 6
Landscape Architectural Services 3
Landscaping Services 5
Language Schools 1
Lessors of Other Real Estate Property 2
Limited-Service Restaurants 31
Limousine Service 3
Local Messengers and Local Delivery 3
Locksmiths 1
Marketing Consulting Services 14
Meat Markets 1
Media Representatives 2
Men's Clothing Stores 1
Metal Window and Door Manufacturing 1
Miscellaneous Intermediation 1
Mortgage and Nonmortgage Loan Brokers 9
Motion Picture and Video Distribution 5
Motion Picture and Video Production 97
Motor Vehicle Towing 1
Music Publishers 4
Musical Groups and Artists 16
Musical Instrument and Supplies Stores 1
Musical Instrument Manufacturing 1
Nail Salons 15
New Car Dealers 3
News Dealers and Newsstands 1
News Syndicates 1
Newspaper Publishers 1
Nonresidential Property Managers 3
Nursing Care Facilities 1
Office Administrative Services 10
Office Supplies and Stationery Stores 5
Offices of Certified Public Accountants 14
Offices of Chiropractors 8
Offices of Dentists 16
Offices of Lawyers 21
Offices of Optometrists 5
Offices of Real Estate Appraisers 1
One-Hour Photofinishing 1
Optical Goods Stores 4
Paint and Wallpaper Stores 1
Painting and Wall Covering Contractors 2
Parking Lots and Garages 10
Passenger Car Leasing 1
Passenger Car Rental 1
Periodical Publishers 3
Pet and Pet Supplies Stores 5
Pet Care (except Veterinary) Services 3
Pharmacies and Drug Stores 7
Photography Studios, Portrait 3
Portfolio Management 2
Private Mail Centers 2
Professional Employer Organizations 1
Professional Organizations 2
Public Relations Agencies 10
Quick Printing 1
Radio Stations 4
Real Estate Credit 4
Record Production 2
Residential Property Managers 8
Residential Remodelers 10
Roofing Contractors 1
Savings Institutions 3
Securities Brokerage 4
Security Guards and Patrol Services 3
Shoe Stores 7
Snack and Nonalcoholic Beverage Bars 15
Software Publishers 2
Sound Recording Studios 7
Sporting Goods Stores 5
Sports and Recreation Instruction 1
Tax Preparation Services 2
Telecommunications Resellers 1
Television Broadcasting 2
Temporary Help Services 4
Theater Companies and Dinner Theaters 4
Tile and Terrazzo Contractors 1
Tire Dealers 1
Translation and Interpretation Services 2
Travel Agencies 8
Used Car Dealers 2
Used Household and Office Goods Moving 1
Used Merchandise Stores 9
Veterinary Services 7
Video Tape and Disc Rental 9
Wholesale Trade Agents and Brokers 8
Window Treatment Stores 1
Wired Telecommunications Carriers 1
Women's Clothing Stores 18

Is a Franchise Opportunity Right For You?

As you drive around Studio City, you'll notice that many local entrepreneurs have gone the franchising route. Should you be giving franchising serious consideration?

We highly recommend you consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Detecting Franchising Scams. Get a thorough education on franchising by browsing all of our Articles on Franchising.

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

Sample franchise opportunities include Subway Franchises and Starbucks Franchises. Alternatively, you can browse franchise categories, such as Accounting Franchises and Moving Franchises.

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

Have You Considered Buying an Existing Studio City Business?

If you have some capital to play with, you may want to Buy a Business in California. Follow that link and you may find several good businesses for sale in Studio City.

If you are serious about buying a business, you may want to read this article: How to Buy a Business.

Naming the Company

A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.

Companies like Starbucks, Apple, Target, Microsoft and Intuit all have strong company names that are easy to remember and have become well-loved brands. Wouldn't it be nice if your new company name got on a similar track?

Numerous company naming issues are discussed in more detail in this article: Naming a Business.

As a final piece of advice, remember that because you are opening a business in Studio City, it's very important that you make sure no other California company is using the business name you want to use.

Forming a Company in Studio City, California

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

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

Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. If you are starting a business in California, you don't necessarily have to incorporate in California. In fact, you can incorporate in any state you would like to. 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 basics of company formation, browse articles on our site, such as ESOP Formation. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Studio City, California, our information on Incorporating in California may be a useful resource if you decide to incorporate in California.

Don't Skip the Business Plan

A business plan is critical in laying a solid foundation for your business success. In effect, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in California.

Where to Get Money to Start a Company

Getting your Studio City business the capital it needs to succeed is not an easy task. 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 raising capital, such as Realistic Debt Financing Options.

For Studio City entrepreneurs who need startup capital, check out our List of California Angel Investors and our List of California Venture Capital Firms.

Getting the Word Out About Your New Business

To rise above the crowd in Studio City and build your business, you'll need to have a good marketing plan.

You can learn quite a bit about marketing on our site. Comparing Advertising to PR is a good read to get your marketing juices flowing. That's just a sampling of the many useful articles we have on Marketing a Small Business.

The Art of Selling

Being able to sell is critical to your business success. Whether you are focused on selling local customers in Studio City or are selling to customers throughout California, the United States or even the world, you have to be able to sell.

Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.

Writing Great Proposals is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.

Improving Your Entrepreneurial Skillset

Successful entrepreneurs recognize that they don't know everything.

Given that you are starting a business in Studio City, California, you will want to take advantage of the many programs available at nearby California universities, colleges and community colleges. It's also worthwhile to see if there are any Studio City networking organizations.

Moving Forward

You have a dream -- starting a business in Studio City. 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.

We are here to help Studio City businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Studio City, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Studio City, California

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

 

 

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