Opening a Business in Beattyville, Kentucky

Contemplating starting a business in Beattyville, Kentucky? We walk you through the process of opening a business in Beattyville.

Are You Sure You Want to Do This?

Most new ventures do not succeed, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before you open a business, consider all of the implications of being an entrepreneur.

Because entrepreneurship is not for everyone, we recommend you do the following to help you assess whether you should move forward with starting a business:

• Speak with other entrepreneurs in Beattyville. Ask them candidly what it's like to run a business.
• You should read Starting a Company. It's a good read for those who are thinking about becoming an entrepreneur.
• Talk it over with a close friend or partner. The people who know you best are often in the best position to tell you bluntly whether you will be a good entrepreneur.

Which Business to Choose?

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 Business Ideas That Don't Make Sense.

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 How to Start a Tanning Bed Retailer guide or our Starting a Kitchen Planning & Remodeling Services Business guide.

Don't forget that starting a business in Beattyville has some implications. The business you want to start may already be well-represented in Beattyville. Only by spending some time analyzing Beattyville demographics can you decide if there will be strong demand for your business idea.

Beattyville, Kentucky Demographic Information

Beattyville has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Beattyville demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Beattyville.

Business Size	# of Businesses
1-4 Employees	152
5-9 Employees	63
10-19 Employees	45
20-49 Employees	24
50-99 Employees	6
100-249 Employees	12
250-499 Employees	3
500-999 Employees	0
1000+ Employees	0
All Beattyville Businesses	305

As a new Beattyville entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Beattyville 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.

Business Type	# of Businesses
Automotive Parts and Accessories Stores	2
Child Day Care Services	1
Consumer Lending	1
Convenience Stores	2
Drilling Oil and Gas Wells	1
Facilities Support Services	1
Family Clothing Stores	1
Farm Supplies Merchant Wholesalers	1
Food Service Contractors	1
Full-Service Restaurants	1
Funeral Homes and Funeral Services	1
General Freight Trucking, Local	2
Grantmaking Foundations	1
Home Centers	1
Home Health Care Services	1
Homes for the Elderly	1
Insurance Agencies and Brokerages	1
Landscaping Services	1
Lessors of Other Real Estate Property	2
Limited-Service Restaurants	2
Nursing Care Facilities	1
Offices of Dentists	1
Offices of Lawyers	2
Payroll Services	1
Petroleum Bulk Stations and Terminals	1
Petroleum Refineries	1
Pharmacies and Drug Stores	4
Pipeline Transportation of Crude Oil	1
Ready-Mix Concrete Manufacturing	1
Site Preparation Contractors	1
Television Broadcasting	1
Temporary Shelters	1
Tire Dealers	1
Used Car Dealers	1
Veterinary Services	2
Vocational Rehabilitation Services	2
Water Supply and Irrigation Systems	1
Wired Telecommunications Carriers	1
Wood Container and Pallet Manufacturing	1

What About Franchising Opportunities?

As you drive around Beattyville, you may be surprised to see how many franchises there are in the area. Should you be giving franchising serious consideration?

We advise the entrepreneurs we work with to look into purchasing a franchise. On our site, you can read many articles about franchising, such as Understanding Franchise Contracts. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Century 21 Real Estate Canada Ltd. and JACADI. Alternatively, you can browse franchise categories, such as Embroidery Franchises and Pet Franchises.

Note on Beattyville Franchise Opportunities: You will need to contact franchisors directly to see if their franchises are available in Beattyville.

Company Formation in Beattyville, Kentucky

It's essential that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporation is a very popular way to form a business. Of course, you have to decide which type of corporation to form and where to incorporate. Just because you are starting a business in Kentucky, you don't necessarily have to incorporate in Kentucky. 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. To learn the fundamentals of company formation, browse articles on our site, such as Incorporation Advice. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Beattyville, Kentucky, our web page covering Incorporating in Kentucky may be a useful resource if you decide to incorporate in Kentucky.

Increase Your Entrepreneurial Knowledge

Successful business owners know that what they know now may not be enough to ensure their future success.

As an entrepreneur who lives in Beattyville, Kentucky, you should check out some of the many programs available at nearby Kentucky universities, colleges and community colleges. You should also check if there are any networking organizations for Beattyville entrepreneurs.

Next Steps

Most new Beattyville businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

Our goal here is to promote the vitality and growth of small businesses in Beattyville and throughout the United States . We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Beattyville, Kentucky

Here are more links that we believe will help you be successful in starting a business in Beattyville.

• Resources for Beattyville, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Beattyville entrepreneurs.
• Kentucky Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Kentucky.
• Kentucky Small Business Development Center - The Kentucky Small Business Development Center (KSBDC) has been assisting Kentucky small business community for more than 25 years. KSBDC is co-sponsored by the U.S. Small Business Administration and is administered by the University of Kentucky in partnership with regional universities, community and private colleges, and the private sector.
• Beattyville, Kentucky Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Beattyville, Kentucky newspapers, including ad costs for newspapers serving the Beattyville area.
• Beattyville, Kentucky Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Beattyville, Kentucky area radio stations.

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Starting a Business in Bedford

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