North Carolina Business Startup Guides
Start a Business in Lenoir, North Carolina
Are you starting a business in Lenoir, North Carolina? This article discusses the most important things to consider when opening a business in Lenoir.
Is Becoming an Entrepreneur Right for You?
An entrepreneurial life is hard work, much harder than working as an employee. Are you sure you have the stamina and skills to succeed on your own?
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Speak with other entrepreneurs in Lenoir. Get their take on what it's really like to be an entrepreneur.
- You should read The Entrepreneurial Personality. It's a good read for those who are thinking about becoming an entrepreneur.
- Reach out to a trusted acquaintance. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Lenoir, North Carolina Demographic Information
Lenoir has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Lenoir demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Lenoir.
Businesses
As a new Lenoir entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Lenoir 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
Company Formation in Lenoir, North Carolina
It's very important that you choose the right legal structure for your new entity. Doing so will protect you from personal liability for business debts and obligations.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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. Just because you are starting a business in North Carolina, you don't necessarily have to incorporate in North Carolina. 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's a lot to know about forming a company. To learn the basics of company formation, browse articles on our site, such as Subchapter S Corporations. You may also want to seek the advice of an attorney. Finally, if you are starting a business in Lenoir, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Do You Need a Business Plan?
A business plan is vital to the health of your new business. Indeed, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Contests. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in North Carolina.
Promoting Your New Startup
Whether your goal is to attract Lenoir customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your doing well.
We have some useful resources on this site for entrepreneurs who are working on marketing plans. Promoting an Online Business is an article that will stimulate a few thoughts on your marketing plan. That's just one of the many useful articles we have on Marketing a Small Business.
Ramping Up Sales
Do you know how to sell? In order to attract customers to your new Lenoir business, you need to focus on sales.
Not knowing how to sell can result in lost customers and minimal market share. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Landing Big Customers offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Learning More About Entrepreneurship
Successful entrepreneurs know that they need to continually improve.
Given that you are starting a business in Lenoir, North Carolina, you will want to take advantage of the many programs available at nearby North Carolina universities, colleges and community colleges. It's also beneficial to see if there are any Lenoir networking organizations.
Moving Forward
As an entrepreneur in Lenoir, you won't be working for the boss anymore. You are the boss.
From this point on, you control your own destiny.
We are here to help Lenoir businesses to be successful. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.
More Entrepreneurial Resources for Starting a Business in Lenoir, North Carolina
Here are more links that we believe will help you be successful in starting a business in Lenoir.
- Resources for Lenoir, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Lenoir entrepreneurs.
- North Carolina Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in North Carolina.
- North Carolina SBA - With offices in Charlotte, Wilmington, Raleigh and Asheville, the SBA organizes many events and provides useful resources for new entrepreneurs and growing businesses throughout North Carolina.
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