Open a Business in Frankfort, Kentucky

Thinking about starting a business in Frankfort, Kentucky? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Frankfort.

Frankfort, Kentucky Demographic Information

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

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

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

What About Franchising Opportunities?

As you drive around Frankfort, it's apparent that franchising has become a very popular way to start a business. Should you be giving franchising serious consideration?

We highly recommend you consider franchising as an option. We have many articles on franchises, such as Buying an Existing Franchise. 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 OpenWorks and Back Yard Burgers, Inc.. Alternatively, you can browse franchise categories, such as Environmental Testing Franchises and IT Franchises.

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

Make Sure You Have a Business Plan

A business plan is essential to the health of your new business. Indeed, a business plan is a written description of the future you envision for your business. Not having a business plan is a recipe for disaster.

To learn more about business plans, read Find Sample Business Plans Online. You should also take advantage of free business counselors available to you through your local SCORE chapter in Kentucky.

Raising Capital for Your Venture

Finding the funds to fuel the growth of your Frankfort business 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.

Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled Attracting Investors.

For Frankfort entrepreneurs on the hunt for startup funding, you'll want to take a look at our List of Kentucky Angel Investors and our List of Kentucky Venture Capital Firms.

Marketing Your New Venture

To grow your Frankfort business, having an excellent marketing plan is fundamental to your beating the competition.

We have some useful resources on this site for entrepreneurs who are working on marketing plans. Dealing with Angry Customers is an article that will stimulate a few thoughts on your marketing plan. That's just a taste of the many useful articles we have on Marketing a Small Business.

Advancing Your Entrepreneurial Skills

Good entrepreneurs recognize that what they know now may not be enough to ensure their future success.

With your business being located in Frankfort, Kentucky, you will want to take advantage of the many programs available at nearby Kentucky universities, colleges and community colleges. We also recommend you look into networking organizations for Frankfort entrepreneurs.

Next Steps

As an entrepreneur in Frankfort, you won't be working for the boss anymore. You are the boss.

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

This site is all about helping entrepreneurs in Frankfort and elsewhere to achieve real success. We believe entrepreneurship is an amazing engine for job creation in Frankfort, neighborhood development and overall economic health.

More Entrepreneurial Resources for Starting a Business in Frankfort, Kentucky

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

• Resources for Frankfort, Kentucky Entrepreneurs - Browse a variety of resources we've collected to assist Frankfort 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.
• Frankfort, Kentucky Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Frankfort, Kentucky newspapers, including ad costs for newspapers serving the Frankfort area.
• Frankfort, Kentucky Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Frankfort, Kentucky area radio stations.
• Frankfort, Kentucky Payroll Services - This list includes Frankfort, Kentucky payroll services, national payroll services for Frankfort, and helpful information on choosing a Frankfort payroll service.
• Frankfort, Kentucky Businesses for Sale - This list includes resources for buying a business in Frankfort, Kentucky, such as business brokers in Frankfort and other helpful information on how to buy a Frankfort business.