Why New Jersey Is A Great Place To Start A Small Business

Starting a small business? Why not New Jersey? Whether your lifelong resident or a fan from another state, you’re sure to have noticed some of the unique qualities that can set your business up for success.

Your Customers Are Everywhere

As the most densely populated state in the United States, with a diverse variety of people throughout, you’re sure to find your customer base here. This also means you can create a buzz around your business through traditional, word-of-mouth marketing. You don’t have to appeal to all age groups and niches, but you can create a specialized, unique business that will stand out in the crowd.

Tourism Is On The Rise

Tourisms come to New Jersey for the food, entertainment and, of course, the shore. If your small business can provide visitors (as well as residents) with a new experience, especially for spending time with family and friends, you have a good chance at grabbing a slice of New Jersey’s $44.1 billion tourist industry.

Your small business doesn’t have to be located by the beach to attract tourists. There’s many more destinations which tourists flock to on vacation, and, residents, on weekends: mountains, farms and wineries also bring visitors, and if you offer a fun attraction nearby, you’re sure to land a spot on the New Jersey tourist’s itinerary.

Get Involved In The Community

While the costs of health benefits and property taxes are challenging obstacles that come with starting a business in New Jersey, they’re not impossible to overcome, especially if you create a financial plan for your business and have a strong understanding of what takes to make it in Jersey – and what you’ll have to do to keep up.

Another perk of doing business in NJ – the power of our communities. Join your local Chamber of Commerce, talk to a mentor, seek out financial resources, and network with other New Jersey businessowners. You don’t have to figure it out alone!

For more information about starting a business in New Jersey, get in touch with Dennis Krousos, New Jersey based CPA and Business Consultant.