Connecticut Business Startup Guides
Start a Business in West Hartford, Connecticut
Are you starting a business in West Hartford, Connecticut? This article discusses the most important things to consider when opening a business in West Hartford.
What Business to Start
An important decision is what kind of business you want to start. To help you decide on a business type, we encourage you to read Business Ideas That Don't Make Sense.
For step-by-step instructions on starting a variety of business types, visit the Good Businesses to Start section of our site. For example, you might be interested in our Opening an Oak Furniture Business guide or our Opening a Gastroenterology Pediatrics Physicians & Surgeons Business guide.
Don't forget that your new business will be in West Hartford. Some businesses will do better in West Hartford than others. Make sure you fully understand West Hartford demographics before you lock in on your business idea.
West Hartford, Connecticut Demographic Information
West Hartford has an active business community that includes small businesses, mid-sized businesses and large businesses.
To give you a better feel for West Hartford demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in West Hartford.
Businesses
As a new West Hartford entrepreneur, you may also be interested in the table below. It shows how many businesses there are in West Hartford 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 West Hartford Business?
If you have some capital to play with, you may want to Buy a Business in Connecticut. Follow that link and you might discover several good businesses for sale in West Hartford.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Selecting a Name For Your Venture
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.
Numerous company naming issues are discussed in more detail in this article: Branding Advice.
As a final piece of advice, remember that because you are starting a business in West Hartford, it's critical that you ensure that you will be the only Connecticut company using the business name you have chosen.
Company Formation in West Hartford, 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.
The entity you form can be a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.
Incorporating 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. Just because you are starting a business in Connecticut, it doesn't mean you are required to incorporate in Connecticut. In fact, 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'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 Offshore Company Formation. You should also consider getting professional assistance from your business lawyer. Finally, if you are starting a business in West Hartford, Connecticut, our information on 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. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Not having a business plan
Before you start writing a business plan, we suggest you skim Find Sample Business Plans Online. You should also take advantage of face-to-face free consulting available from your local SCORE chapter in Connecticut.
Never Give Up
As an entrepreneur in West Hartford, 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 West Hartford and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in West Hartford, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in West Hartford, Connecticut
Here are more links that we believe will help you be successful in starting a business in West Hartford.
- Resources for West Hartford, Connecticut Entrepreneurs - Browse a variety of resources we've collected to assist West Hartford 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.
More Business Startup Guides for Connecticut
Starting a Business in Watertown
Starting a Business in Westfield
Browse All Business Startup Guides for Connecticut
Starting a Business Guides for Other States
Share this article
Additional Resources for Entrepreneurs