Massachusetts Business Startup Guides
Opening a Business in Wakefield, Massachusetts
Contemplating starting a business in Wakefield, Massachusetts? We walk you through the process of opening a business in Wakefield.
Choosing the Right Company to Start
There are many businesses that you can start. How do you know which type of business is right for you? To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.
To view an extensive list of business types, complete with startup instructions, spend some time in the Good Businesses to Start section of our site. For example, you might be interested in our Starting a Data Storage Equipment & Systems Business guide or our How to Start a Steak & Seafood Restaurant guide.
Don't forget that Wakefield is the place where you are starting a business. If Wakefield already has plenty of the kind of business you want to start, you might want to change your plans. Only by spending some time analyzing Wakefield demographics can you decide if there will be strong demand for your business idea.
Wakefield, Massachusetts Demographic Information
Wakefield has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for Wakefield demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Wakefield.
Businesses
As a new Wakefield entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Wakefield 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 Wakefield Business?
If you have some capital to play with, you may want to Buy a Business in Massachusetts. Follow that link and you can review several good businesses for sale in Wakefield.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Don't Forget to Create a Business Plan
A business plan is essential to the health of your new business. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.
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 Massachusetts.
Where to Get Money to Start a Company
Getting your Wakefield business the capital it needs to succeed 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 Attracting Investors.
For Wakefield entrepreneurs on the hunt for startup funding, browse our List of Massachusetts Angel Investors and our List of Massachusetts Venture Capital Firms.
Marketing Your New Company
To rise above the crowd in Wakefield and build your business, having an excellent marketing plan is fundamental to your beating the competition.
We have some great resources on this site for entrepreneurs who are working on marketing plans. Seven Marketing Ideas for Your Small Business discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.
Now It's Up To You
Most new Wakefield businesses underestimate the number of challenges they will face.
From this point on, you control your own destiny.
We are here to help Wakefield businesses to be successful. We believe entrepreneurship is an amazing engine for job creation in Wakefield, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Wakefield, Massachusetts
Here are more links that we believe will help you be successful in starting a business in Wakefield.
- Resources for Wakefield, Massachusetts Entrepreneurs - Browse a variety of resources we've collected to assist Wakefield entrepreneurs.
- Massachusetts Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Massachusetts.
- Massachusetts Small Business Development Center - The Massachusetts Small Business Development Center (MSBDC) Network provides one-to-one free comprehensive and confidential services focusing on, business growth and strategies, financing and loan assistance as well as strategic, marketing and operational analysis.
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