Rhode Island Business Startup Guides
Open a Business in Wakefield, Rhode Island
Need help starting a business in Wakefield, Rhode Island? We've got the information you need to open a business in Wakefield.
What Business to Start
There are many businesses that you can start. How do you know which type of business is right for you? To stir your creative juices on what kind of business to start, take a look at Free Business Ideas.
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 Starting a Dance Club guide or our Starting a Tatoo Parlor guide.
Always keep in mind that you are starting a business in Wakefield. Some businesses will do better in Wakefield than others. Don't forget to review Wakefield demographics to see if there's a market for what you want to sell.
Wakefield, Rhode Island 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
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
Company names need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Naming a Company.
There's one other important factor when naming a business. Since you are planning on starting a business in Wakefield, it's very important that you make sure no other Rhode Island company is using the business name you want to use.
Make Sure You Have a Business Plan
A business plan is critical to the health of your new business. In effect, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan is a recipe for disaster.
To learn more about business plans, read Business Plan Contests. You can also get free counseling sessions provided by your local SCORE chapter in Rhode Island.
Getting Money to Start a Business
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.
Take advantage of our many articles on raising money, such as Realistic Debt Financing Options.
For Wakefield entrepreneurs in need of startup financing, check out our List of Rhode Island Angel Investors and our List of Rhode Island Venture Capital Firms.
Bring in Revenues
Being able to sell is fundamental to your business success. Whether you are focused on selling local customers in Wakefield or are selling to customers throughout Rhode Island, the United States or even the world, you have to be able to sell.
Clever sales techniques can transform any business from good to great. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Mastering the Complex Sale 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.
Never Give Up
You have a dream -- starting a business in Wakefield. To achieve your dream, you have to persevere, even when the odds are against you.
If you choose the right business and love what you do, you will greatly increase your odds of success.
Our goal here is to promote the vitality and growth of small businesses in Wakefield and throughout the United States . We want to be there for you to answer your business questions, whether you are a new Wakefield 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 Wakefield, Rhode Island
Here are more links that we believe will help you be successful in starting a business in Wakefield.
- Resources for Wakefield, Rhode Island Entrepreneurs - Browse a variety of resources we've collected to assist Wakefield entrepreneurs.
- Rhode Island Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Rhode Island.
- Rhode Island Small Business Development Center - The Rhode Island Small Business Development Center provides entrepreneurs with best fit resources to create and transform their businesses.
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