North Carolina Business Startup Guides
Opening a Business in Matthews, North Carolina
Contemplating starting a business in Matthews, North Carolina? We walk you through the process of opening a business in Matthews.
Do You Have What It Takes?
Most new ventures fail, in part because the founder did not have the tenacity and/or the skills 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:
- Talk to other entrepreneurs in Matthews. Get their candid feedback on what it takes to start a successful business.
- We recommend reading Why Small Businesses Fail. For aspiring new entrepreneurs, it's a must read article.
- Get feedback from somebody whom you trust. 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.
What Business Are You Starting?
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Evaluating Your Idea.
For in-depth how-to guides on how to start specific businesses, browse our Good Businesses to Start section of our site. For example, you might be interested in our Starting an Armenian Church guide or our Opening a Helicopter Pilots & Transportation Business guide.
Don't forget that your new startup will be located in Matthews. Some businesses will do better in Matthews than others. Study Matthews demographics and do a competitive analysis as part of your startup planning process.
Matthews, North Carolina Demographic Information
Matthews has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Matthews demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Matthews.
Businesses
As a new Matthews entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Matthews 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 Matthews, North Carolina
It's essential 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.
The entity you form can be 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. Just because you are starting a business in North Carolina, it doesn't mean you are required 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. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Offshore Company Formation. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Matthews, North Carolina, our information on Incorporating in North Carolina may be a useful resource if you decide to incorporate in North Carolina.
Where to Get Money to Start a Company
Getting your Matthews business the capital it needs to succeed requires strong organization skills and perseverance. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Matthews entrepreneurs who want to raise money for a new venture, check out our List of North Carolina Angel Investors and our List of North Carolina Venture Capital Firms.
The Art of Selling
Mastering the art of selling is a must if you want your new Matthews business to do well.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Landing Big Customers is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Now It's Up To You
Most new Matthews businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
Our goal here is to promote the vitality and growth of small businesses in Matthews and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Matthews, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Matthews, North Carolina
Here are more links that we believe will help you be successful in starting a business in Matthews.
- Resources for Matthews, North Carolina Entrepreneurs - Browse a variety of resources we've collected to assist Matthews 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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