New Jersey Business Startup Guides
Starting a Business in Fair Lawn, New Jersey
Thinking about starting a business in Fair Lawn, New Jersey? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Fair Lawn.
Do You Have Entrepreneurial Drive and Passion?
Before quitting your day job, take inventory of your entrepreneurial instincts and capabilities.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Reach out to other entrepreneurs in Fair Lawn. Get their candid feedback on what it takes to start a successful business.
- Peruse Characteristics of Successful Entrepreneurs. This is one of our more popular articles for folks who want to go into business for themselves.
- Seek the advice of somebody who knows you well. A support network of family and friends can be a great sounding board for good advice before you decide for sure to go into business.
Fair Lawn, New Jersey Demographic Information
Fair Lawn has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Fair Lawn demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Fair Lawn.
Businesses
As a new Fair Lawn entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Fair Lawn 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
Naming the Business
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.
To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Company.
There's one other important factor when naming a business. Since you are planning on starting a business in Fair Lawn, it's very important that you make sure your company name has not already been claimed by another New Jersey business.
Forming a Company in Fair Lawn, New Jersey
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. Doing so will insulate 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 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 New Jersey, you don't necessarily have to incorporate in New Jersey. In fact, you can incorporate wherever you want. 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 Company Formation. You may also want to seek the advice of an lawyer. On a final note, since you will be starting a business in Fair Lawn, New Jersey, our web page covering Incorporating in New Jersey may be a useful resource if you decide to incorporate in New Jersey.
The Role of the Business Plan
A business plan is essential in laying a solid foundation for your business success. 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 Mistakes. You can also get free business counselors available to you through your local SCORE chapter in New Jersey.
Advancing Your Entrepreneurial Skills
Good entrepreneurs recognize that they don't know everything.
As an entrepreneur who lives in Fair Lawn, New Jersey, you should investigate some of the many programs available at nearby New Jersey universities, colleges and community colleges. You should also check if there are any Fair Lawn networking organizations.
Now It's Up To You
You have a dream -- starting a business in Fair Lawn. 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 Fair Lawn and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Fair Lawn 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 Fair Lawn, New Jersey
Here are more links that we believe will help you be successful in starting a business in Fair Lawn.
- Resources for Fair Lawn, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Fair Lawn 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.
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