New York Business Startup Guides
Opening a Business in Glen Cove, New York
Contemplating starting a business in Glen Cove, New York? We walk you through the process of opening a business in Glen Cove.
Will You Be a Successful Entrepreneur?
Before announcing to the world that you are going to start your own business, assess 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.
- Speak with other entrepreneurs in Glen Cove. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- You should read Business Failure. It's a good read for those who are thinking about becoming an entrepreneur.
- Involve a spouse, family member or trusted friend in the decision. Others sometimes know you better than you know yourself.
Glen Cove, New York Demographic Information
Glen Cove has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Glen Cove demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Glen Cove.
Businesses
As a new Glen Cove entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Glen Cove 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 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.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
For other considerations regarding naming a company, we recommend this article: Branding Advice.
There's one other important factor when naming a business. Since you are opening a business in Glen Cove, it's very important that you make sure no New York company has already registered the company name you have selected.
Forming a Company in Glen Cove, New York
A critical step is ensuring that your business is formed as a legal entity that is separate from its owners. 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 popular way to form a business. 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 New York, you don't necessarily have to incorporate in New York. In fact, you can incorporate in the state of your choosing. 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. To learn the basics of company formation, browse articles on our site, such as Getting an EIN. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Glen Cove, New York, our web page covering Incorporating in New York may be a useful resource if you decide to incorporate in New York.
The Role of the Business Plan
A business plan is vital in laying a solid foundation for your business success. Simply put, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Software. You can also get free counseling sessions provided by your local SCORE chapter in New York.
Getting Money to Start a Business
Obtaining startup financing for your Glen Cove business is a difficult chore. 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 Business Incubators.
For Glen Cove entrepreneurs in need of startup financing, check out our List of New York Angel Investors and our List of New York Venture Capital Firms.
What's Next?
You have a dream -- starting a business in Glen Cove. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
This site is all about helping entrepreneurs in Glen Cove and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Glen Cove 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 Glen Cove, New York
Here are more links that we believe will help you be successful in starting a business in Glen Cove.
- Resources for Glen Cove, New York Entrepreneurs - Browse a variety of resources we've collected to assist Glen Cove entrepreneurs.
- New York Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New York.
- New York Small Business Development Center - The New York State Small Business Development Center delivers high quality business counseling and training to New Yorkers who want to start a business or improve the performance of an existing business.
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