October 24, 2020  
 
  Entrepreneurial Resources - Advice for California Entrepreneurs  
  West Hollywood, California Resources for Entrepreneurs  
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Starting a Business in West Hollywood, California

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

Is Becoming a Business Owner Right for You?

Most startup companies don't make it, in part because the entrepreneur did not have the tenacity and/or the skills to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.

With so much at stake when you start a business, we strongly recommend you do the following before you proceed:

  • Talk to other entrepreneurs in West Hollywood. Get their take on what it's really like to be an entrepreneur.
  • We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
  • Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.

What Type of Business Should You Start?

An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading Good Business Ideas.

For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our How to Start an Enrolled Agents Business guide or our Starting a Support Groups Business guide.

Always keep in mind that starting a business in West Hollywood has some implications. Some businesses will do better in West Hollywood than others. Only by spending some time analyzing West Hollywood demographics can you decide if there will be strong demand for your business idea.

West Hollywood, California Demographic Information

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

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

Business Size# of
Businesses
1-4 Employees 4339
5-9 Employees 873
10-19 Employees 489
20-49 Employees 375
50-99 Employees 153
100-249 Employees 51
250-499 Employees 12
500-999 Employees 0
1000+ Employees 0
All West Hollywood Businesses 6292

As a new West Hollywood entrepreneur, you may also be interested in the table below. It shows how many businesses there are in West Hollywood 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 9
Amusement Arcades 1
Architectural Services 13
Art Dealers 20
Baked Goods Stores 2
Beauty Salons 37
Beer and Ale Merchant Wholesalers 1
Beer, Wine, and Liquor Stores 5
Book Stores 3
Broadwoven Fabric Mills 1
Business Associations 1
Business to Business Electronic Markets 1
Car Washes 3
Child and Youth Services 1
Child Day Care Services 2
Children's and Infants' Clothing Stores 1
Civic and Social Organizations 1
Clothing Accessories Stores 2
Coin-Operated Laundries and Drycleaners 1
Collection Agencies 1
Commercial Gravure Printing 1
Commercial Lithographic Printing 3
Commercial Photography 2
Commodity Contracts Dealing 1
Computer and Software Stores 1
Computer Systems Design Services 8
Convenience Stores 2
Convention and Trade Show Organizers 5
Convention and Visitors Bureaus 2
Custom Computer Programming Services 8
Dental Laboratories 1
Diagnostic Imaging Centers 2
Diet and Weight Reducing Centers 1
Direct Mail Advertising 4
Display Advertising 3
Document Preparation Services 1
Drafting Services 1
Drinking Places (Alcoholic Beverages) 18
Educational Support Services 3
Electrical Contractors 2
Electronic Shopping 3
Elementary and Secondary Schools 6
Employment Placement Agencies 11
Engineering Services 3
Environmental Consulting Services 1
Exam Preparation and Tutoring 2
Family Clothing Stores 9
Fine Arts Schools 3
Fitness and Recreational Sports Centers 17
Floor Covering Stores 14
Flooring Contractors 1
Florists 6
Food (Health) Supplement Stores 3
Food Service Contractors 1
Footwear and Leather Goods Repair 1
Footwear Merchant Wholesalers 1
Full-Service Restaurants 73
Fur and Leather Apparel Manufacturing 1
Furniture Merchant Wholesalers 27
Furniture Stores 18
General Automotive Repair 1
Gift, Novelty, and Souvenir Stores 5
Glass and Glazing Contractors 1
Grantmaking Foundations 4
Graphic Design Services 3
Hardware Stores 1
Historical Sites 1
Home Furnishing Merchant Wholesalers 23
Home Health Care Services 3
Household Appliance Stores 1
Industrial Design Services 3
Insurance Agencies and Brokerages 3
Interior Design Services 41
Internet Publishing and Broadcasting 3
Internet Service Providers 2
Investment Advice 8
Janitorial Services 5
Jewelry Stores 4
Land Subdivision 2
Libraries and Archives 2
Limited-Service Restaurants 29
Limousine Service 1
Locksmiths 1
Luggage and Leather Goods Stores 1
Mail-Order Houses 6
Marketing Consulting Services 11
Media Representatives 1
Men's Clothing Stores 5
Miscellaneous Intermediation 2
Mortgage and Nonmortgage Loan Brokers 2
Motion Picture and Video Distribution 3
Motion Picture and Video Production 152
Music Publishers 9
Musical Groups and Artists 23
Nail Salons 4
New Car Dealers 1
New Housing Operative Builders 2
Nonresidential Property Managers 4
Nursing Care Facilities 1
Office Administrative Services 18
Office Supplies and Stationery Stores 2
Offices of Certified Public Accountants 19
Offices of Chiropractors 2
Offices of Dentists 35
Offices of Lawyers 53
Offices of Optometrists 2
Offices of Other Holding Companies 1
Offices of Real Estate Appraisers 3
Ophthalmic Goods Merchant Wholesalers 1
Optical Goods Stores 4
Paint and Wallpaper Stores 2
Parking Lots and Garages 30
Payroll Services 1
Periodical Publishers 4
Pet and Pet Supplies Stores 3
Pharmacies and Drug Stores 8
Photography Studios, Portrait 9
Political Organizations 3
Portfolio Management 4
Private Mail Centers 1
Professional Organizations 3
Public Relations Agencies 19
Quick Printing 3
Real Estate Credit 5
Record Production 4
Residential Property Managers 15
Residential Remodelers 5
Retail Bakeries 1
Reupholstery and Furniture Repair 2
Sales Financing 3
Savings Institutions 4
Secondary Market Financing 1
Securities Brokerage 1
Security Guards and Patrol Services 1
Shoe Stores 3
Site Preparation Contractors 1
Snack and Nonalcoholic Beverage Bars 13
Software Publishers 3
Sound Recording Studios 3
Special Needs Transportation 1
Sporting Goods Stores 1
Sports and Recreation Instruction 2
Tax Preparation Services 1
Telemarketing Bureaus 1
Telephone Answering Services 1
Television Broadcasting 2
Temporary Help Services 4
Testing Laboratories 1
Theater Companies and Dinner Theaters 6
Title Abstract and Settlement Offices 1
Tobacco Stores 1
Toilet Preparation Manufacturing 1
Tour Operators 4
Translation and Interpretation Services 3
Travel Agencies 12
Used Car Dealers 1
Used Merchandise Stores 20
Veterinary Services 3
Video Tape and Disc Rental 4
Voluntary Health Organizations 1
Water Supply and Irrigation Systems 1
Wholesale Trade Agents and Brokers 12
Window Treatment Stores 2
Wired Telecommunications Carriers 1
Women's Clothing Stores 12

Naming the Business

A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.

Company names need to be easy to spell, easy to pronounce, and easy to remember.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are starting a business in West Hollywood, it's imperative that you check now that no other California company is using the business name you want to use.

Raising Money for Your Venture

Getting your West Hollywood business the capital it needs to succeed is very difficult due to the ongoing business credit crunch. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Realistic Debt Financing Options.

For West Hollywood entrepreneurs who want to raise money for a new venture, check out our List of California Angel Investors and our List of California Venture Capital Firms.

Marketing Your New Venture

Whether your goal is to attract West Hollywood customers or you plan on selling elsewhere, you need a excellent marketing plan.

There are myriad resources on this site to help you with your marketing plan. Branding Advice discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.

Moving Forward

Most new West Hollywood 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.

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

More Entrepreneurial Resources for Starting a Business in West Hollywood, California

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

 

 

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