North Carolina Business Startup Guides
Opening a Business in Troy, North Carolina
Contemplating starting a business in Troy, North Carolina? We walk you through the process of opening a business in Troy.
Troy, North Carolina 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.
Businesses
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.
Businesses
Is a Franchise Opportunity Right For You?
As you drive around Troy, you'll notice that many local entrepreneurs have gone the franchising route. Evidently, there must be some significant advantages to purchasing a franchise.
Our advice is to consider franchising as an option. We have many articles on franchises, such as Detecting Franchising Scams. 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 Senior's Choice and Tilden Car Care Centers. Alternatively, you can browse franchise categories, such as Health and Beauty Franchises and Leisure and Entertainment Franchises.
Note on Troy Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Troy.
Have You Considered Buying an Existing Troy Business?
If you have some capital to play with, you may want to Buy a Business in North Carolina. Follow that link and you may find several good businesses for sale in Troy.
Before buying a business, be sure to read this article: How to Buy a Business.
Forming a Company in Troy, North Carolina
A critical step is ensuring that you choose the right legal structure for your new entity. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating 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 North Carolina, you don't necessarily have to incorporate in North Carolina. In fact, you can incorporate in any state you would like to. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
There are many nuances to forming a company. To learn the fundamentals of company formation, browse articles on our site, such as Incorporating Online. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Troy, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Don't Skip the Business Plan
A business plan is critical in maximizing the prospects of your new company. Indeed, 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 North Carolina.
Where to Get Money to Start a Company
Getting your Troy business the capital it needs to succeed is not an easy task. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Take advantage of our many articles on raising capital, such as Business Credit Evaluation.
For Troy entrepreneurs who want to raise money for a new venture, check out our List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.
Marketing Your New Venture
To grow your Troy business, you need a solid marketing plan.
We have some excellent resources on this site for entrepreneurs who are working on marketing plans. Promoting an Online Business is a good read to get your marketing juices flowing. That's just a taste of the many useful articles we have on Marketing a Small Business.
Now It's Up To You
You have a dream -- starting a business in Troy. To achieve your dream, you have to persevere, even when the odds are against you.
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 Troy and elsewhere to achieve real success. 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, North Carolina
Here are more links that we believe will help you be successful in starting a business in Troy.
- Resources for Troy, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Troy 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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