Connecticut Business Startup Guides
Opening a Business in Middlefield, Connecticut
Contemplating starting a business in Middlefield, Connecticut? We walk you through the process of opening a business in Middlefield.
Middlefield, Connecticut Demographic Information
Middlefield has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Middlefield demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Middlefield.
Businesses
As a new Middlefield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Middlefield 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
Have You Considered Buying an Existing Middlefield Business?
An excellent way to get started in business is to Buy a Business in Connecticut. Follow that link and you may find several good businesses for sale in Middlefield.
If you are headed down the path of buying a business, you may want to read this article: How to Buy a Business.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Even if the name doesn't do it by itself, many naming experts believe there should be a story behind the name that ties into your company mission.
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 opening a business in Middlefield, it's imperative that you check now that no other Connecticut company is using the business name you want to use.
Forming a Company in Middlefield, Connecticut
It's essential that your business is formed as a legal entity that is separate from its owners. Among other things, forming a legal entity for the business limits your liabilities.
The entity you form can be a corporation, LLC, sole proprietorship, partnership or other structure.
Incorporating is a very common way to legally create a business entity. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Connecticut, it doesn't mean you are required to incorporate in Connecticut. In fact, you can incorporate in the state of your choosing. For example, it's very popular to incorporate in Delaware, and incorporating in Nevada has become very trendy as well. Don't forget, though, that you will have to register as a foreign entity in all states that you do business in.
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 Piercing the Corporate Veil. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Middlefield, Connecticut, our information on Incorporating in Connecticut may be a useful resource if you decide to incorporate in Connecticut.
Make Sure You Have a Business Plan
Having a business plan is critical to the health of your new business. Simply put, a business plan is a written description of the future you envision for your business. Not having a business plan makes you more prone to becoming a business failure statistic.
To learn more about business plans, read Business Plan Contests. A great resource for business planning assistance is the free business counselors available to you through your local SCORE chapter in Connecticut.
The Art of Selling
Mastering the art of selling is essential if you want your new Middlefield business to do well.
Clever sales techniques can transform any business from good to great. Let us help you refine your selling techniques through our many useful sales advice tips.
Hiring Good Sales People offers some helpful tips on how to sell. It's one of several good articles on our site regarding Entrepreneurial Selling.
Next Steps
Most new Middlefield businesses underestimate the number of challenges they will face.
Owning your own business will be a daunting task, but you can do it.
Our goal here is to promote the vitality and growth of small businesses in Middlefield and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Middlefield 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 Middlefield, Connecticut
Here are more links that we believe will help you be successful in starting a business in Middlefield.
- Resources for Middlefield, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist Middlefield 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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