Business
Happens
Here.

Established in the heart of educational growth, the Enterprise Center at Salem State University welcomes entrepreneurs, business owners and professionals of all ages and experience levels to come in and learn something new.

Welcome

The Enterprise Center is an entrepreneurial hub that offers business owners office space, education, and access and connections to small business resources. Serving entrepreneurs on the North Shore and beyond, we invite you to be part of our community. We’re here to help you and your business start, grow and succeed!

Home Away From Home

Whether you’re ready to move out of your home office or looking for an office building that provides a built in entrepreneurial community, business resources and professional growth opportunities – The Enterprise Center is the place for you.

Our single story, 53,000 square foot building is located on a vibrant and beautiful university campus. We currently have office spaces for one or two individuals or larger spaces with individual offices for you and your employees.

Upcoming Programs

Tue, Jun. 4, 2024 - 10:00am - 4:00pm

Oceantic Network will conduct its Offshore Wind Ready Training which is a one-day in-person educational program designed for businesses who want to learn more about specific business opportunities in the growing U.S. offshore wind industry. Who should attend? Any business…


Cualquier propietario de empresa que contrate trabajadores debería poder distinguir entre contratistas independientes y empleados, comprender sus deberes como empleador y ser consciente de las protecciones legales adicionales que se ofrecen a los empleados. Este interesante seminario web se centrará…


Solopreneurs have to do many things: market, sell, deliver, analyze and adapt. Sometimes adding an employee can contribute to the overall success and growth of the organization by expanding capabilities, fostering innovation, and improving efficiency. In this workshop, we'll explore…


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Small Business Story

Listen to how Jessica Moody, owner of Moody’s Home & Gifts in Salem, Massachusetts discovered the Enterprise Center and took advantage of our many resources to improve and grow her business. Her participation and experience in our Business Plan Program & Competition, Workshops and CEO Groups directly impacted her success.

Watch More Stories
Address

121 Loring Ave Salem, MA 01970

Phone

978-542-7528

Fax

978-542-7061

For Parking

Parking for Enterprise Center events requires an Enterprise Center Parking Pass. Parking spots are located around the “Main Entrance” perimeter of the building and marked by “Parking for Enterprise Center tenants and guests” signs. All other spaces are student parking spaces and can result in a Salem State University Police Parking ticket. If you need a Parking Pass please call (978) 542-7528.

Have you ever wondered what it might be like to franchise your business? Whether you’re just starting in the business world, or you’ve been running your company for a while, it’s important to note all the possibilities to help your small business grow. One of those possibilities could be making the courageous jump to franchise your business. 

What is a Franchise? 

A franchise is a form of marketing and distribution where the owner of a business system allows a group of individuals to run a business that sells a product or service under the franchisor’s name. For example, Dunkin’ Donuts is a franchise with over 8,500 of its restaurants in the United States alone. 

Is There a Difference Between Franchises & Chains?

While a chain is a business with multiple retail locations that one parent company operates, a franchise is a type of business where the original parent company sells its license to a franchise location. Each franchise location has a unique owner while every chain store location is owned by the parent company. 

blog title graphic "Franchise Vs. Chain"

Benefits of Franchising Your Business 

Owning a franchise can come with many advantages. One reason to own a franchise is to gain access to capital. With a small business, it can be difficult to break even with all the funding you put into starting your business from the ground up. However, by franchising your business, you can gain capital gradually, without taking on debt from loans.

Another reason for franchising your business is splitting the burden of costs. With one business, all of the money and time is put on one single business owner. When there is another franchise location, all that cost and time can be split amongst the different owners.

Franchising your business can also increase your brand awareness. The more locations where individuals can find your company, the more people will learn about your business. This in turn can cause the brand to be more successful and more profitable. 

When franchising your business, you will also reduce the risk for your business. This is because when you license your brand, you no longer have the responsibility of the additional locations that are opened under your brand. Yet, you are still earning money from the fees paid towards other franchises operating under your name. 

Disadvantages of Franchising Your Business

While there are many benefits to franchising your business, there are also some disadvantages. For instance, when you hand over your license for a franchisee to open a business under your name, you lose total control over the brand. As a small independent business owner, that could cause some complications when making game-time decisions for your company. 

Also, getting into a business agreement with other people can open you to possible legal disputes. If you do come across disputes within your franchisee, you’ll waste time and money on lawyers and possible court cases. 

There are many reasons why you should or shouldn’t franchise your business. In the end, it’s up to you to weigh the pros and cons of these decisions and how they can affect your business in the long run.


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