Connecticut Business Startup Guides
Start a Business in Middletown, Connecticut
Are you starting a business in Middletown, Connecticut? This article discusses the most important things to consider when opening a business in Middletown.
Are You Sure You Want to Do This?
Most new ventures fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
Here are three things we recommend you do before you fully commit to starting a new business of your own.
- Talk to other entrepreneurs in Middletown. Ask them candidly what it's like to run a business.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Middletown, Connecticut Demographic Information
Middletown has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Middletown demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Middletown.
Businesses
As a new Middletown entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Middletown 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
Is Franchising a Better Option?
Browse the Yellow Pages for Middletown and it becomes clear that purchasing a franchise is a common way to get started as an entrepreneur. But is franchising the right option for you?
Our recommendation is that you evaluate the possibility of your buying a franchise opportunity. We have many articles on franchises, such as Franchisees Versus Licensees. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.
To learn about specific franchise opportunities, check out our Franchise Directory.
Representative franchise opportunities include @WORK Medical Services and RSVP Publications. Alternatively, you can browse franchise categories, such as Home Inspection Franchises and Print and Sign Franchises.
Note on Middletown Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Middletown.
Forming a Company in Middletown, Connecticut
A critical step is ensuring that you are forming a legal entity that operates independently from you. Doing so will insulate 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. Of course, you have to decide which type of corporation to form and where to incorporate. If you are starting a business in Connecticut, you don't necessarily have to incorporate in Connecticut. In fact, you are allowed to 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 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 Corporate Formalities. You may also want to seek the advice of an lawyer. Finally, if you are starting a business in Middletown, Connecticut, our information on Incorporating in Connecticut may be a useful resource if you decide to incorporate in Connecticut.
Marketing Your New Venture
To grow your Middletown business, you need a excellent marketing plan.
You can learn plenty about marketing on our site. Typical Direct Mail Response Rates discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Improving Your Entrepreneurial Skillset
Good business owners recognize that what they know now may not be enough to ensure their future success.
With your business being located in Middletown, Connecticut, you will want to take advantage of the many programs available at nearby Connecticut universities, colleges and community colleges. It's also worthwhile to see if there are any Middletown networking organizations.
Next Steps
Most new Middletown businesses underestimate the number of challenges they will face.
If you choose the right business and love what you do, you will greatly increase your odds of success.
We are here to help Middletown businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Middletown 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 Middletown, Connecticut
Here are more links that we believe will help you be successful in starting a business in Middletown.
- Resources for Middletown, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist Middletown 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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