Connecticut Business Startup Guides
Opening a Business in Bloomfield, Connecticut
Contemplating starting a business in Bloomfield, Connecticut? We walk you through the process of opening a business in Bloomfield.
Are You Sure You Want to Do This?
Before announcing to the world that you are going to start your own business, consider your entrepreneurial instincts and capabilities.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Talk to other entrepreneurs in Bloomfield. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Bloomfield, Connecticut Demographic Information
Bloomfield has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Bloomfield demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Bloomfield.
Businesses
As a new Bloomfield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Bloomfield 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
Should You Franchise?
Visit the business district of Bloomfield and you'll conclude that many business owners have opted to buy a franchise, rather than starting a business on their own. But is franchising the right option for you?
Most business experts recommend that you look into purchasing a franchise. We have many articles on franchises, such as Growth Trends in Franchising. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
You can find franchise opportunities by browsing our Franchise Opportunities 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 Bloomfield Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Bloomfield.
Naming the Company
Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.
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 Company.
There's one other important factor when naming a business. Since you are starting a business in Bloomfield, it's very important that you make sure no Connecticut company has already registered the company name you have selected.
Forming a Company in Bloomfield, Connecticut
A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will shield you from personal liability for business debts and obligations.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating is a very common way to legally create a business entity. 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 Connecticut, you don't necessarily have to incorporate in Connecticut. As it turns out, 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Avoiding Personal Liability in Business. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Bloomfield, Connecticut, our web page covering Incorporating in Connecticut may be a useful resource if you decide to incorporate in Connecticut.
Promoting Your New Company
Whether your goal is to attract Bloomfield customers or you plan on selling elsewhere, you'll need to have a good marketing plan.
We have some great resources on this site for entrepreneurs who are working on marketing plans. Advertising in the Yellow Pages is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.
Next Steps
You have a dream -- starting a business in Bloomfield. 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.
Our goal here is to promote the vitality and growth of small businesses in Bloomfield and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Bloomfield entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Bloomfield, Connecticut
Here are more links that we believe will help you be successful in starting a business in Bloomfield.
- Resources for Bloomfield, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist Bloomfield entrepreneurs.
- Connecticut Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Connecticut.
- Connecticut Small Business Development Center - Central Connecticut State University's Institute of Technology and Business Development (ITBD) supports Connecticut businesses and business-related organizations with training, technology assistance, conferencing services, procurement services and business incubation.
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