New Jersey Business Startup Guides
Open a Business in Ridgewood, New Jersey
Need help starting a business in Ridgewood, New Jersey? We've got the information you need to open a business in Ridgewood.
Are You Sure You Want to Do This?
Running your own business is difficult, much more arduous than working as an employee. Are you positive you have the stamina and skills to succeed on your own?
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 Ridgewood. Ask them candidly what it's like to run a 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. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.
Ridgewood, New Jersey Demographic Information
Ridgewood has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Ridgewood demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Ridgewood.
Businesses
As a new Ridgewood entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Ridgewood 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 Franchising?
As you drive around Ridgewood, you'll see that franchises make up a large percentage of local businesses. But is franchising the right option for you?
We advise the entrepreneurs we work with to consider franchising as an option. To help you learn more about franchising, we've gathered a ton of articles on franchising, including Detecting Franchising Scams. 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 American Leak Detection and Protocol Personal Products Convenience Centers. Alternatively, you can browse franchise categories, such as Vending Franchises and Real Estate Franchises.
Note on Ridgewood Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Ridgewood.
Raising Money for Your New Venture
Raising money to fund your new Ridgewood business is very difficult due to the ongoing business credit crunch. To obtain business financing, you will need to hear a lot of rejections before you finally find a funding solution that works for you.
To learn about raising money, we recommend you read the fundraising articles on our site, such as 504 Loans.
For Ridgewood entrepreneurs on the hunt for startup funding, browse our List of New Jersey Angel Investors and our List of New Jersey Venture Capital Firms.
Marketing Your New Company
To rise above the crowd in Ridgewood and accelerate your business, having an excellent marketing plan is fundamental to your doing well.
There are myriad resources on this site to help you with your marketing plan. Avoiding Bad Product Launches is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.
Selling Tips
Do you know how to sell? In order to attract customers to your new Ridgewood business, you need to focus on sales.
Not knowing how to sell can result in lost customers and minimal market share. The good news is we can help you to make selling a big competitve advantage for your new firm.
Writing Great Proposals is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Next Steps
As an entrepreneur in Ridgewood, 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 Ridgewood and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Ridgewood, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Ridgewood, New Jersey
Here are more links that we believe will help you be successful in starting a business in Ridgewood.
- Resources for Ridgewood, New Jersey Entrepreneurs - Browse a variety of resources we've collected to assist Ridgewood entrepreneurs.
- New Jersey Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in New Jersey.
- New Jersey Small Business Development Center - The New Jersey Small Business Development Centers (NJSBDC) network helps New Jersey small businesses expand operations, manage growth or launch new ventures. With offices in every county of the state, NJSBDC consultants help small business owners finance, market and manage their ventures.
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