Connecticut Business Startup Guides
Open a Business in Naugatuck, Connecticut
Need help starting a business in Naugatuck, Connecticut? We've got the information you need to open a business in Naugatuck.
What Business to Start
An important decision is what kind of business you want to start. If you are struggling with what type of business to start, read Finding Your Niche in Life.
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 Opening an Accountants Information & Referral Business guide or our How to Start a Sound Control Structures & Equipment Business guide.
Remember that your new business will be in Naugatuck. Some businesses will do better in Naugatuck than others. Only by spending some time analyzing Naugatuck demographics can you decide if there will be strong demand for your business idea.
Naugatuck, Connecticut Demographic Information
Naugatuck has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Naugatuck demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Naugatuck.
Businesses
As a new Naugatuck entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Naugatuck 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 Naugatuck Business?
If you have some capital to play with, you may want to Buy a Business in Connecticut. Follow that link and you may find several good businesses for sale in Naugatuck.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Forming a Company in Naugatuck, 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.
When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporation 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, you don't necessarily have to incorporate in Connecticut. As it turns out, you can incorporate wherever you want. 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 Avoiding Personal Liability in Business. You should also consider getting professional assistance from your business lawyer. On a final note, since you will be starting a business in Naugatuck, Connecticut, our web page covering Incorporating in Connecticut may be a useful resource if you decide to incorporate in Connecticut.
Don't Skip the Business Plan
Creating a business plan is critical in laying a solid foundation for your business success. Simply put, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan
To learn more about business plans, read Business Plan Software. You should also take advantage of free business counselors available to you through your local SCORE chapter in Connecticut.
Marketing Your New Venture
To grow your Naugatuck business, you need a great marketing plan.
You can learn quite a bit about marketing on our site. Advertising in the Yellow Pages is an article that will stimulate a few thoughts on your marketing plan. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
What's Next?
As an entrepreneur in Naugatuck, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Naugatuck and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Naugatuck, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Naugatuck, Connecticut
Here are more links that we believe will help you be successful in starting a business in Naugatuck.
- Resources for Naugatuck, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist Naugatuck 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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