Thinking about starting a business in Logansport, Indiana? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Logansport.
Is Becoming a Business Owner Right for You?
Most new companies fail, in part because the entrepreneur did not have the entrepreneurial skills and traits needed to succeed. So, before you open a business, 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:
- Talk to other entrepreneurs in Logansport. Get their take on what it's really like to be an entrepreneur.
- We recommend reading Should You Become an Entrepreneur?. For aspiring new entrepreneurs, it's a must read article.
- Have a candid conversation with friends and family. That's the best way to get a truly objective assessment as to whether others think you have what it takes.
Logansport, Indiana Demographic Information
Logansport has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Logansport demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Logansport.
| Business Size | # of
Businesses |
| 1-4 Employees |
1950 |
| 5-9 Employees |
828 |
| 10-19 Employees |
552 |
| 20-49 Employees |
462 |
| 50-99 Employees |
114 |
| 100-249 Employees |
84 |
| 250-499 Employees |
24 |
| 500-999 Employees |
12 |
| 1000+ Employees |
6 |
| All Logansport Businesses |
4032 |
As a new Logansport entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Logansport 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 |
| Aluminum Die-Casting Foundries |
1 |
| Animal (except Poultry) Slaughtering |
1 |
| Apprenticeship Training |
1 |
| Automotive Exhaust System Repair |
3 |
| Automotive Parts and Accessories Stores |
7 |
| Baked Goods Stores |
1 |
| Beauty Salons |
8 |
| Bed-and-Breakfast Inns |
1 |
| Beer, Wine, and Liquor Stores |
3 |
| Book Stores |
2 |
| Bowling Centers |
1 |
| Business Associations |
3 |
| Cable and Other Program Distribution |
1 |
| Cafeterias |
1 |
| Camera and Photographic Supplies Stores |
1 |
| Car Washes |
4 |
| Carpet and Upholstery Cleaning Services |
3 |
| Cement Manufacturing |
1 |
| Child and Youth Services |
3 |
| Child Day Care Services |
3 |
| Civic and Social Organizations |
10 |
| Claims Adjusting |
1 |
| Clothing Accessories Stores |
1 |
| Coin-Operated Laundries and Drycleaners |
1 |
| Community Food Services |
2 |
| Computer and Software Stores |
2 |
| Concrete Block and Brick Manufacturing |
1 |
| Confectionery Merchant Wholesalers |
1 |
| Construction Sand and Gravel Mining |
1 |
| Consumer Lending |
3 |
| Credit Unions |
3 |
| Custom Computer Programming Services |
2 |
| Cut Stock, Resawing Lumber, and Planing |
1 |
| Discount Department Stores |
1 |
| Dog and Cat Food Manufacturing |
1 |
| Drinking Places (Alcoholic Beverages) |
10 |
| Drive-In Motion Picture Theaters |
1 |
| Electric Power Distribution |
1 |
| Electrical Contractors |
8 |
| Elementary and Secondary Schools |
2 |
| Emergency and Other Relief Services |
1 |
| Engineering Services |
2 |
| Facilities Support Services |
1 |
| Family Clothing Stores |
1 |
| Family Planning Centers |
1 |
| Farm Supplies Merchant Wholesalers |
2 |
| Finish Carpentry Contractors |
1 |
| Fitness and Recreational Sports Centers |
2 |
| Floor Covering Stores |
3 |
| Flooring Contractors |
2 |
| Florists |
2 |
| Food (Health) Supplement Stores |
2 |
| Food Service Contractors |
2 |
| Freight Transportation Arrangement |
2 |
| Full-Service Restaurants |
16 |
| Funeral Homes and Funeral Services |
4 |
| Furniture Stores |
2 |
| General Automotive Repair |
8 |
| General Freight Trucking, Local |
1 |
| General Medical and Surgical Hospitals |
1 |
| General Rental Centers |
2 |
| General Warehousing and Storage |
1 |
| Gift, Novelty, and Souvenir Stores |
2 |
| Glass and Glazing Contractors |
1 |
| Golf Courses and Country Clubs |
1 |
| Grantmaking Foundations |
2 |
| Hardware Stores |
1 |
| Historical Sites |
1 |
| Hobby, Toy, and Game Stores |
2 |
| Home Centers |
2 |
| Home Health Care Services |
1 |
| Homes for the Elderly |
2 |
| Household Appliance Stores |
1 |
| Ice Manufacturing |
1 |
| Industrial Building Construction |
1 |
| Insurance Agencies and Brokerages |
14 |
| Janitorial Services |
4 |
| Jewelry Stores |
4 |
| Landscaping Services |
2 |
| Lessors of Other Real Estate Property |
2 |
| Limited-Service Restaurants |
27 |
| Livestock Merchant Wholesalers |
1 |
| Machine Shops |
3 |
| Masonry Contractors |
2 |
| Meat Markets |
1 |
| Medical Laboratories |
1 |
| Men's Clothing Stores |
1 |
| Metal Heat Treating |
1 |
| Metal Stamping |
1 |
| Motor Vehicle Metal Stamping |
3 |
| Motor Vehicle Towing |
1 |
| Motorcycle Dealers |
1 |
| New Car Dealers |
6 |
| New Housing Operative Builders |
1 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
4 |
| Office Administrative Services |
6 |
| Office Supplies and Stationery Stores |
2 |
| Offices of Bank Holding Companies |
1 |
| Offices of Certified Public Accountants |
4 |
| Offices of Chiropractors |
3 |
| Offices of Dentists |
9 |
| Offices of Lawyers |
14 |
| Offices of Optometrists |
6 |
| Offices of Other Holding Companies |
1 |
| Offices of Podiatrists |
1 |
| Optical Goods Stores |
1 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
1 |
| Pet and Pet Supplies Stores |
1 |
| Pet Care (except Veterinary) Services |
1 |
| Pharmacies and Drug Stores |
6 |
| Photography Studios, Portrait |
2 |
| Racetracks |
1 |
| Radio Stations |
2 |
| Refrigerated Warehousing and Storage |
1 |
| Residential Property Managers |
2 |
| Residential Remodelers |
3 |
| Retail Bakeries |
2 |
| Reupholstery and Furniture Repair |
1 |
| Roofing Contractors |
3 |
| Rooming and Boarding Houses |
1 |
| Savings Institutions |
3 |
| Securities Brokerage |
4 |
| Sheet Metal Work Manufacturing |
1 |
| Shoe Stores |
1 |
| Site Preparation Contractors |
7 |
| Snack and Nonalcoholic Beverage Bars |
3 |
| Solid Waste Collection |
2 |
| Solid Waste Landfill |
1 |
| Sporting Goods Stores |
3 |
| Spring (Light Gauge) Manufacturing |
1 |
| Tax Preparation Services |
2 |
| Taxi Service |
1 |
| Telecommunications Resellers |
1 |
| Telephone Answering Services |
1 |
| Temporary Help Services |
2 |
| Textile Machinery Manufacturing |
1 |
| Tile and Terrazzo Contractors |
1 |
| Tire Dealers |
4 |
| Title Abstract and Settlement Offices |
1 |
| Travel Agencies |
3 |
| Used Car Dealers |
5 |
| Used Merchandise Stores |
2 |
| Veterinary Services |
3 |
| Video Tape and Disc Rental |
1 |
| Vocational Rehabilitation Services |
1 |
| Wholesale Trade Agents and Brokers |
3 |
| Wired Telecommunications Carriers |
3 |
| Women's Clothing Stores |
3 |
| Wood Container and Pallet Manufacturing |
1 |
Have You Considered Buying an Existing Logansport Business?
If you have some capital to play with, you may want to Buy a Business in Indiana. Follow that link and you might discover several good businesses for sale in Logansport.
For anybody who wants to buy a business, we recommend reading this useful article: How to Buy a Business.
Naming the Business
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 need to be easy to spell, easy to pronounce, and easy to remember.
Numerous company naming issues are discussed in more detail in this article: Naming a Business.
As a final piece of advice, remember that because you are starting a business in Logansport, it's imperative that you check now that no other Indiana company is using the business name you want to use.
Do You Need a Business Plan?
A business plan is vital to the health of your new business. In effect, your business plan is your game plan for how you hope to grow your business. Failure to write a business plan is a recipe for disaster.
If writing a business plan is on your to-do list, be sure to read Business Plan Contests. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Indiana.
The Art of Selling
Mastering the art of selling is a must if you want your new Logansport business to do well.
Good selling involves demonstrating that your wares meet your customer's needs. Fortunately, we've got plenty of good advice to help you improve your selling skills.
Sales Training is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
Moving Forward
Most new Logansport 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 Logansport 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 Logansport, Indiana
Here are more links that we believe will help you be successful in starting a business in Logansport.
- Resources for Logansport, Indiana Entrepreneurs - Browse a variety of resources we've collected to assist Logansport entrepreneurs.
- Indiana Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Indiana.
- Indiana Small Business Development Center - The Indiana Small Business Development Center assists Indiana entrepreneurs and small businesses through one on one counseling, education and business resources.
- Logansport, Indiana Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Logansport, Indiana newspapers, including ad costs for newspapers serving the Logansport area.
- Logansport, Indiana Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Logansport, Indiana area radio stations.
- Logansport, Indiana Payroll Services - This list includes Logansport, Indiana payroll services, national payroll services for Logansport, and helpful information on choosing a Logansport payroll service.
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