New Jersey Business Startup Guides
Start a Business in Whippany, New Jersey
Are you starting a business in Whippany, New Jersey? This article discusses the most important things to consider when opening a business in Whippany.
Are You Ready for the Challenges of Being an Entrepreneur?
Most startup companies fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.
Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:
- Grab a meal or cofee with other entrepreneurs in Whippany. Listen closely to their experiences and see if you think you too can be successful.
- Take a look at The Entrepreneurial Personality. It's a short article but it's a good reality check for those are about to jump into the world of entrepreneurship.
- Reach out to a trusted acquaintance. Ask them directly: Do I have what it takes to be an entrepreneur? Listen carefully to their answer, as they presumably know your strengths and weaknesses.
Whippany, New Jersey Demographic Information
Whippany has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Whippany demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Whippany.
As a new Whippany entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Whippany 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 Buying an Existing Whippany Business?
If you have some capital to play with, you may want to Buy a Business in New Jersey. Follow that link and you may find several good businesses for sale in Whippany.
For anybody who wants to buy a business, we recommend reading this useful 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.
Pick a company name that isn't too generic. If you do a search engine search for your proposed name and a billion results come up, you may want to reconsider the name. It's much easier to come up in the search engines when your name is fairly unique.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
As a final piece of advice, remember that because you are opening a business in Whippany, it's imperative that you check now that no other New Jersey company is using the business name you want to use.
Raising Capital for Your Venture
Getting your Whippany business the capital it needs to succeed 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.
To learn about raising money, we recommend you read the fundraising articles on our site, such as Getting a Small Business Loan.
Advancing Your Entrepreneurial Skills
Successful entrepreneurs recognize that what they know now may not be enough to ensure their future success.
As an entrepreneur who lives in Whippany, New Jersey, you will want to take advantage of the many programs available at nearby New Jersey universities, colleges and community colleges. It's also smart to see if there are any networking organizations for Whippany entrepreneurs.
Never Give Up
Most new Whippany 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 Whippany businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Whippany, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Whippany, New Jersey
Here are more links that we believe will help you be successful in starting a business in Whippany.
- Resources for Whippany, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Whippany entrepreneurs.
- New Jersey Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Jersey.
- New Jersey Small Business Development Center - The New Jersey Small Business Development Centers (NJSBDC) network helps New Jersey small businesses expand operations, manage growth or launch new ventures. With offices in every county of the state, NJSBDC consultants help small business owners finance, market and manage their ventures.
Starting-a-Business Guides for Other Cities in New Jersey
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