Pennsylvania Business Startup Guides
Opening a Business in Narberth, Pennsylvania
Contemplating starting a business in Narberth, Pennsylvania? We walk you through the process of opening a business in Narberth.
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.
With so much at stake when you start a business, we strongly recommend you do the following before you proceed:
- Talk to other entrepreneurs in Narberth. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. Others sometimes know you better than you know yourself.
Narberth, Pennsylvania Demographic Information
Narberth has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Narberth demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Narberth.
Businesses
As a new Narberth entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Narberth 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
What About Buying an Existing Narberth Business?
We've created a helpful website page for those who want to Buy a Business in Pennsylvania. Follow that link and you may find several good businesses for sale in Narberth.
Before buying a business, be sure to read this article: How to Buy a Business.
Company Formation in Narberth, Pennsylvania
It's very important that you choose the right legal structure for your new entity. 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 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 Pennsylvania, it doesn't mean you are required to incorporate in Pennsylvania. As it turns out, 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'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 Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in Narberth, Pennsylvania, our information on Incorporating in Pennsylvania may be a useful resource if you decide to incorporate in Pennsylvania.
Make Sure You Have 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.
Before you start writing a business plan, we suggest you skim Business Plan Contests. You can also get free business counselors available to you through your local SCORE chapter in Pennsylvania.
The Art of Selling
Being able to sell is critical to your business success. Whether you are focused on selling local customers in Narberth or are selling to customers throughout Pennsylvania, the United States or even the world, you have to be able to sell.
Good selling involves demonstrating that your wares meet your customer's needs. Let us help you refine your selling techniques through our many useful sales advice tips.
Selling Stuff on the Web 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.
What's Next?
You have a dream -- starting a business in Narberth. To achieve your dream, you have to persevere, even when the odds are against you.
From this point on, you control your own destiny.
We are here to help Narberth businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Narberth 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 Narberth, Pennsylvania
Here are more links that we believe will help you be successful in starting a business in Narberth.
- Resources for Narberth, Pennsylvania Entrepreneurs - Browse a variety of resources we've collected to assist Narberth entrepreneurs.
- Pennsylvania Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Pennsylvania.
- Pennsylvania Small Business Development Center - Pennsylvania SBDCs help aspiring entrepreneurs turn ideas into businesses, help small firms expand, and provide the information every business person needs to make critical decisions. There is no charge for their assistance and their free help can make the difference between business success and failure.
Starting-a-Business Guides for Other Cities in Pennsylvania
Starting a Business in Murrysville
Starting a Business in New Bethlehem
Browse All Business Startup Guides for Pennsylvania
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs