New York Business Startup Guides
Open a Business in Troy, New York
Need help starting a business in Troy, New York? We've got the information you need to open a business in Troy.
Troy, New York Demographic Information
Troy has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Troy demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Troy.
As a new Troy entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Troy 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.
Have You Considered Franchising?
As you drive around Troy, you'll see that franchises make up a large percentage of local businesses. Is franchising maybe a better way for you to start your business?
We advise the entrepreneurs we work with to consider franchising as an option. We have many articles on franchises, such as Before Buying 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.
Note on Troy Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Troy.
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.
We strongly advocate that you make sure the ".com" domain name is available for your company name. Every business needs a strong Web presence these days, and having a non ".com" domain means somebody else may outrank you in the search results for your own company name.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
On a final note, given that you are starting a business in Troy, it's critical that you ensure that your company name has not already been claimed by another New York business.
Do You Need a Business Plan?
A business plan is essential in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.
Raising Money for Your New Venture
Raising money to fund your new Troy business is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
Take advantage of our many articles on securing funding, such as 504 Loans.
Learning More About Entrepreneurship
Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.
Given that you are starting a business in Troy, New York, you should check out some of the many programs available at nearby New York universities, colleges and community colleges. You should also check if there are any networking organizations for Troy entrepreneurs.
As an entrepreneur in Troy, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Troy businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Troy, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Troy, New York
Here are more links that we believe will help you be successful in starting a business in Troy.
- Resources for Troy, New York Entrepreneurs - Browse a variety of resources we've collected to assist Troy entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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