Thinking about starting a business in Grand Island, Nebraska? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Grand Island.
Is Becoming a Business Owner Right for You?
Most new ventures fail, in part because the entrepreneur did not have the perseverance and abilities that are necessary to succeed. So, before jumping into the world of entrepreneurship, consider all of the implications of being an entrepreneur.
While entrepreneurship has become a popular career choice, we recommend you do the following before you take the plunge:
- Reach out to other entrepreneurs in Grand Island. Get their take on what it's really like to be an entrepreneur.
- Peruse Why Small Businesses Fail. This is one of our more popular articles for folks who want to go into business for themselves.
- Get feedback from somebody whom you trust. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Grand Island, Nebraska Demographic Information
Grand Island has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Grand Island demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Grand Island.
| Business Size | # of Businesses |
| 1-4 Employees |
2459 |
| 5-9 Employees |
1143 |
| 10-19 Employees |
756 |
| 20-49 Employees |
456 |
| 50-99 Employees |
168 |
| 100-249 Employees |
63 |
| 250-499 Employees |
18 |
| 500-999 Employees |
6 |
| 1000+ Employees |
6 |
| All Grand Island Businesses |
5075 |
As a new Grand Island entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Grand Island 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 |
|
Advertising Agencies |
3 |
| Animal (except Poultry) Slaughtering |
1 |
| Appliance Repair and Maintenance |
2 |
| Architectural Services |
2 |
| Armored Car Services |
1 |
| Art Dealers |
1 |
| Automotive Glass Replacement Shops |
1 |
| Automotive Parts and Accessories Stores |
11 |
|
Automotive Transmission Repair |
3 |
| Baked Goods Stores |
2 |
| Barber Shops |
2 |
| Beauty Salons |
23 |
| Beer and Ale Merchant Wholesalers |
3 |
| Beer, Wine, and Liquor Stores |
3 |
| Boat Dealers |
1 |
| Book Publishers |
1 |
|
Book Stores |
3 |
| Bowling Centers |
2 |
| Broadwoven Fabric Finishing Mills |
1 |
| Business Associations |
5 |
| Cable and Other Program Distribution |
1 |
| Cafeterias |
4 |
| Car Washes |
8 |
| Carpet and Upholstery Cleaning Services |
6 |
|
Caterers |
1 |
| Charter Bus Industry |
1 |
| Child and Youth Services |
2 |
| Child Day Care Services |
16 |
| Civic and Social Organizations |
16 |
| Claims Adjusting |
4 |
| Clothing Accessories Stores |
3 |
| Coin-Operated Laundries and Drycleaners |
1 |
|
Collection Agencies |
3 |
| Commercial Lithographic Printing |
2 |
| Commodity Contracts Brokerage |
3 |
| Computer and Software Stores |
7 |
| Computer Facilities Management Services |
1 |
| Computer Systems Design Services |
2 |
| Concrete Pipe Manufacturing |
2 |
| Confectionery and Nut Stores |
1 |
|
Construction Sand and Gravel Mining |
1 |
| Consumer Lending |
2 |
| Continuing Care Retirement Communities |
1 |
| Convention and Visitors Bureaus |
1 |
| Cosmetology and Barber Schools |
2 |
| Couriers |
7 |
| Credit Bureaus |
1 |
| Credit Unions |
3 |
|
Custom Compounding of Purchased Resins |
1 |
| Custom Computer Programming Services |
2 |
| Dental Laboratories |
4 |
| Diagnostic Imaging Centers |
1 |
| Diet and Weight Reducing Centers |
6 |
| Direct Life Insurance Carriers |
4 |
| Direct Mail Advertising |
1 |
| Direct Title Insurance Carriers |
2 |
|
Directory and Mailing List Publishers |
2 |
| Discount Department Stores |
4 |
| Display Advertising |
1 |
| Dog and Cat Food Manufacturing |
1 |
| Doll and Stuffed Toy Manufacturing |
1 |
| Drafting Services |
1 |
| Drinking Places (Alcoholic Beverages) |
19 |
| Drywall and Insulation Contractors |
11 |
|
Educational Support Services |
1 |
| Electrical Contractors |
14 |
| Electronic Shopping |
3 |
| Elementary and Secondary Schools |
4 |
| Emergency and Other Relief Services |
2 |
| Employment Placement Agencies |
2 |
| Engineering Services |
4 |
| Environmental Consulting Services |
1 |
|
Exam Preparation and Tutoring |
1 |
| Exterminating and Pest Control Services |
8 |
| Family Clothing Stores |
6 |
| Family Planning Centers |
1 |
| Farm Product Warehousing and Storage |
2 |
| Farm Supplies Merchant Wholesalers |
7 |
| Fine Arts Schools |
2 |
| Finish Carpentry Contractors |
4 |
|
Fitness and Recreational Sports Centers |
5 |
| Floor Covering Stores |
4 |
| Flooring Contractors |
2 |
| Florists |
5 |
| Food (Health) Supplement Stores |
1 |
| Food Service Contractors |
2 |
| Framing Contractors |
5 |
| Freight Transportation Arrangement |
2 |
|
Full-Service Restaurants |
36 |
| Funeral Homes and Funeral Services |
5 |
| Furniture Stores |
9 |
| General Automotive Repair |
19 |
| General Freight Trucking, Local |
9 |
| General Medical and Surgical Hospitals |
3 |
| General Rental Centers |
2 |
| Gift, Novelty, and Souvenir Stores |
10 |
|
Golf Courses and Country Clubs |
3 |
| Grantmaking Foundations |
3 |
| Graphic Design Services |
2 |
| Hardware Merchant Wholesalers |
1 |
| Hardware Stores |
2 |
| Hazardous Waste Treatment and Disposal |
1 |
| Heating Oil Dealers |
1 |
| Hobby, Toy, and Game Stores |
4 |
|
Home Centers |
3 |
| Home Furnishing Merchant Wholesalers |
1 |
| Home Health Care Services |
4 |
| Home Health Equipment Rental |
3 |
| Homes for the Elderly |
4 |
| Household Appliance Stores |
6 |
| Industrial Building Construction |
1 |
| Inland Water Passenger Transportation |
1 |
|
Institutional Furniture Manufacturing |
1 |
| Insurance Agencies and Brokerages |
53 |
| Internet Service Providers |
2 |
| Investment Advice |
2 |
| Janitorial Services |
24 |
| Jewelry Stores |
7 |
| Land Subdivision |
2 |
| Landscape Architectural Services |
1 |
|
Landscaping Services |
14 |
| Leather and Hide Tanning and Finishing |
1 |
| Lessors of Other Real Estate Property |
3 |
| Limited-Service Restaurants |
46 |
| Linen Supply |
1 |
| Livestock Merchant Wholesalers |
1 |
| Local Messengers and Local Delivery |
3 |
| Machine Shops |
4 |
|
Mail-Order Houses |
1 |
| Manufactured (Mobile) Home Dealers |
3 |
| Marketing Consulting Services |
2 |
| Masonry Contractors |
4 |
| Media Representatives |
1 |
| Men's Clothing Stores |
1 |
| Metal Window and Door Manufacturing |
1 |
| Mortgage and Nonmortgage Loan Brokers |
1 |
|
Motor Vehicle Towing |
1 |
| Motorcycle Dealers |
3 |
| Museums |
1 |
| Musical Instrument and Supplies Stores |
1 |
| Natural Gas Distribution |
3 |
| New Car Dealers |
11 |
| New Housing Operative Builders |
3 |
| Newspaper Publishers |
2 |
|
Nonresidential Property Managers |
2 |
| Nursing Care Facilities |
7 |
| Office Administrative Services |
3 |
| Office Equipment Merchant Wholesalers |
2 |
| Office Machinery Manufacturing |
1 |
| Office Supplies and Stationery Stores |
4 |
| Offices of Bank Holding Companies |
1 |
| Offices of Certified Public Accountants |
15 |
|
Offices of Chiropractors |
12 |
| Offices of Dentists |
24 |
| Offices of Lawyers |
24 |
| Offices of Optometrists |
5 |
| Offices of Podiatrists |
2 |
| Offices of Real Estate Appraisers |
3 |
| Optical Goods Stores |
5 |
| Outdoor Power Equipment Stores |
1 |
|
Packing and Crating |
1 |
| Paint and Wallpaper Stores |
2 |
| Painting and Wall Covering Contractors |
9 |
| Pet and Pet Supplies Stores |
2 |
| Pet Care (except Veterinary) Services |
3 |
| Petroleum Bulk Stations and Terminals |
2 |
| Pharmacies and Drug Stores |
5 |
| Photography Studios, Portrait |
6 |
|
Political Organizations |
3 |
| Portfolio Management |
1 |
| Precision Turned Product Manufacturing |
1 |
| Public Relations Agencies |
1 |
| Quick Printing |
1 |
| Racetracks |
1 |
| Radio Networks |
2 |
| Radio Stations |
2 |
|
Ready-Mix Concrete Manufacturing |
2 |
| Real Estate Credit |
5 |
| Recreational Vehicle Dealers |
1 |
| Refrigerated Warehousing and Storage |
2 |
| Remediation Services |
1 |
| Rendering and Meat Byproduct Processing |
1 |
| Residential Property Managers |
2 |
| Residential Remodelers |
16 |
|
Roofing Contractors |
5 |
| Sales Financing |
2 |
| Savings Institutions |
8 |
| Scheduled Passenger Air Transportation |
1 |
| Securities Brokerage |
10 |
| Security Guards and Patrol Services |
1 |
| Sewage Treatment Facilities |
1 |
| Shoe Stores |
11 |
|
Siding Contractors |
8 |
| Sign Manufacturing |
9 |
| Site Preparation Contractors |
5 |
| Small Arms Ammunition Manufacturing |
1 |
| Snack and Nonalcoholic Beverage Bars |
10 |
| Solid Waste Collection |
4 |
| Sporting Goods Stores |
9 |
| Sports and Recreation Instruction |
2 |
|
Tax Preparation Services |
2 |
| Taxi Service |
1 |
| Telemarketing Bureaus |
1 |
| Telephone Answering Services |
1 |
| Temporary Help Services |
4 |
| Temporary Shelters |
3 |
| Testing Laboratories |
1 |
| Tile and Terrazzo Contractors |
1 |
|
Tire and Tube Merchant Wholesalers |
1 |
| Tire Dealers |
10 |
| Tire Retreading |
1 |
| Tobacco Stores |
2 |
| Travel Agencies |
4 |
| Truss Manufacturing |
1 |
| Used Car Dealers |
19 |
| Used Household and Office Goods Moving |
2 |
|
Used Merchandise Stores |
5 |
| Vending Machine Operators |
2 |
| Veterinary Services |
11 |
| Video Tape and Disc Rental |
4 |
| Vocational Rehabilitation Services |
2 |
| Voluntary Health Organizations |
1 |
| Warehouse Clubs and Supercenters |
4 |
| Wholesale Trade Agents and Brokers |
5 |
|
Wired Telecommunications Carriers |
5 |
| Women's Clothing Stores |
9 |
| Wood Container and Pallet Manufacturing |
1 |
Should You Buy an Existing Grand Island Business?
If you have some capital to play with, you may want to Buy a Business in Nebraska. Follow that link and you may find several good businesses for sale in Grand Island.
If you are serious about buying a business, you may want to read this article: Buying a Business.
Naming the Company
A big decision when starting a company is choosing a company name. Believe it or not, choosing a good company name can be a big contributor to your business success.
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: Naming a Business.
There's one other important factor when naming a business. Since you are starting a business in Grand Island, it's imperative that you check now that your company name has not already been claimed by another Nebraska business.
Getting Money to Start a Business
Raising money to fund your new Grand Island business is a difficult chore. The reality is that there is very little funding available for new small businesses, and you have to explore every possible alternative.
Fortunately, this site contains dozens of articles on raising money, including one we recommend entitled 504 Loans.
For Grand Island entrepreneurs who want to raise money for a new venture, you'll want to take a look at our List of Nebraska Angel Investors and our List of Nebraska Venture Capital Firms.
Getting the Word Out About Your New Business
To grow your Grand Island business, you need a excellent marketing plan.
There are myriad resources on this site to help you with your marketing plan. Pricing and Positioning discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Selling Tips
Mastering the art of selling is priority one if you want your new Grand Island business to do well.
Why should customers buy from you instead of buying from competitors? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Writing Great Proposals is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.
Moving Forward
Most new Grand Island 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 Grand Island and throughout the United States . We believe entrepreneurship is an amazing engine for job creation in Grand Island, neighborhood development and overall economic health.
More Entrepreneurial Resources for Starting a Business in Grand Island, Nebraska
Here are more links that we believe will help you be successful in starting a business in Grand Island.
- Resources for Grand Island, Nebraska Entrepreneurs - Browse a variety of resources we've collected to assist Grand Island entrepreneurs.
- Nebraska Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Nebraska.
- Nebraska Small Business Development Center - Nebraska Small Business Development Centers provided start-up, management and technical assistance to Nebraska entrepreneurs and Nebraska small business owners from offices throughout the state.
- Grand Island, Nebraska Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Grand Island, Nebraska newspapers, including ad costs for newspapers serving the Grand Island area.
- Grand Island, Nebraska Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Grand Island, Nebraska area radio stations.
- Grand Island, Nebraska Payroll Services - This list includes Grand Island, Nebraska payroll services, national payroll services for Grand Island, and helpful information on choosing a Grand Island payroll service.
- Grand Island, Nebraska Businesses for Sale - This list includes resources for buying a business in Grand Island, Nebraska, such as business brokers in Grand Island and other helpful information on how to buy a Grand Island business.
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