Contemplating starting a business in Malvern, Arkansas? We walk you through the process of opening a business in Malvern.
Will You Be a Good Entrepreneur?
Running your own business is difficult, much more arduous than working as an employee. Are you sure you are ready to take on this challenge?
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:
- Talk to other entrepreneurs in Malvern. They are usually very willing to share their insights on the ups and downs of being an entrepreneur.
- We recommend reading Characteristics of Successful Entrepreneurs. For aspiring new entrepreneurs, it's a must read article.
- Seek the advice of somebody who knows you well. Others sometimes know you better than you know yourself.
What Type of Business Should You Start?
An important decision is what kind of business you want to start. You might get some good ideas about what kind of business to start by reading 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 an Ice Makers Service & Repair Business guide or our How to Start a Machine Tools Wholesale & Manufacturing Business guide.
Always keep in mind that you are starting a business in Malvern. Some businesses will do better in Malvern than others. A critical consideration is whether Malvern demographics mesh well with your startup concept.
Malvern, Arkansas Demographic Information
Malvern has an active business community that includes small businesses,
mid-sized businesses and large businesses.
To give you a better feel for Malvern demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Malvern.
| Business Size | # of
Businesses |
| 1-4 Employees |
3630 |
| 5-9 Employees |
1185 |
| 10-19 Employees |
870 |
| 20-49 Employees |
540 |
| 50-99 Employees |
150 |
| 100-249 Employees |
75 |
| 250-499 Employees |
45 |
| 500-999 Employees |
0 |
| 1000+ Employees |
0 |
| All Malvern Businesses |
6495 |
As a new Malvern entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Malvern 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 |
| Ambulance Services |
1 |
| Automotive Exhaust System Repair |
1 |
| Automotive Parts and Accessories Stores |
6 |
| Boat Dealers |
1 |
| Broadwoven Fabric Finishing Mills |
1 |
| Business Associations |
2 |
| Cable and Other Program Distribution |
2 |
| Cafeterias |
1 |
| Carpet and Upholstery Cleaning Services |
1 |
| Child Day Care Services |
4 |
| Civic and Social Organizations |
3 |
| Community Food Services |
1 |
| Computer and Software Stores |
1 |
| Confectionery Merchant Wholesalers |
1 |
| Construction Sand and Gravel Mining |
1 |
| Convenience Stores |
2 |
| Couriers |
1 |
| Credit Unions |
1 |
| Cut Stock, Resawing Lumber, and Planing |
1 |
| Dental Laboratories |
1 |
| Direct Title Insurance Carriers |
1 |
| Discount Department Stores |
1 |
| Electric Power Distribution |
3 |
| Electrical Contractors |
4 |
| Elementary and Secondary Schools |
1 |
| Exterminating and Pest Control Services |
2 |
| Family Clothing Stores |
2 |
| Finish Carpentry Contractors |
2 |
| Fitness and Recreational Sports Centers |
2 |
| Floor Covering Stores |
2 |
| Florists |
4 |
| Footwear Merchant Wholesalers |
1 |
| Freight Transportation Arrangement |
1 |
| Full-Service Restaurants |
6 |
| Funeral Homes and Funeral Services |
4 |
| Furniture Stores |
2 |
| General Automotive Repair |
6 |
| General Freight Trucking, Local |
5 |
| General Medical and Surgical Hospitals |
1 |
| Gift, Novelty, and Souvenir Stores |
1 |
| Golf Courses and Country Clubs |
1 |
| Hardware Stores |
2 |
| Home Health Care Services |
1 |
| Household Appliance Stores |
1 |
| Insurance Agencies and Brokerages |
11 |
| Investigation Services |
1 |
| Janitorial Services |
3 |
| Jewelry Stores |
2 |
| Kidney Dialysis Centers |
1 |
| Landscaping Services |
3 |
| Limited-Service Restaurants |
13 |
| Local Messengers and Local Delivery |
1 |
| Logging |
8 |
| Machine Shops |
2 |
| Masonry Contractors |
2 |
| Meat Markets |
1 |
| Motor Vehicle Towing |
1 |
| Motorcycle Dealers |
1 |
| Museums |
1 |
| Musical Instrument and Supplies Stores |
1 |
| New Car Dealers |
3 |
| Newspaper Publishers |
1 |
| Nursing Care Facilities |
2 |
| Office Administrative Services |
1 |
| Offices of Certified Public Accountants |
5 |
| Offices of Chiropractors |
1 |
| Offices of Dentists |
6 |
| Offices of Lawyers |
6 |
| Offices of Optometrists |
1 |
| Offices of Other Holding Companies |
1 |
| Offices of Real Estate Appraisers |
1 |
| Outdoor Power Equipment Stores |
2 |
| Paint and Wallpaper Stores |
1 |
| Painting and Wall Covering Contractors |
1 |
| Petroleum Bulk Stations and Terminals |
3 |
| Pharmacies and Drug Stores |
4 |
| Pipeline Transportation of Natural Gas |
2 |
| Polystyrene Foam Product Manufacturing |
1 |
| Ready-Mix Concrete Manufacturing |
2 |
| Residential Property Managers |
1 |
| Roofing Contractors |
1 |
| Sawmills |
3 |
| Securities Brokerage |
4 |
| Septic Tank and Related Services |
1 |
| Siding Contractors |
2 |
| Site Preparation Contractors |
4 |
| Snack and Nonalcoholic Beverage Bars |
1 |
| Sporting Goods Stores |
1 |
| Tax Preparation Services |
3 |
| Temporary Help Services |
2 |
| Temporary Shelters |
1 |
| Timber Tract Operations |
2 |
| Tire Dealers |
4 |
| Tobacco Stores |
1 |
| Used Car Dealers |
6 |
| Veterinary Services |
2 |
| Video Tape and Disc Rental |
1 |
| Vocational Rehabilitation Services |
1 |
| Water Supply and Irrigation Systems |
2 |
| Wired Telecommunications Carriers |
2 |
| Women's Clothing Stores |
2 |
Choosing a Business Name
A good company name can give a big boost to a new startup. It might seem like an easy thing to do, but there are many things to consider when naming a business.
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 Malvern, it's critical that you ensure that no other Arkansas company is using the business name you want to use.
Marketing Your New Company
Whether your goal is to attract Malvern customers or you plan on selling elsewhere, having an excellent marketing plan is fundamental to your successs.
There are myriad resources on this site to help you with your marketing plan. Avoiding Bad Product Launches is an article that will generate a few thoughts on your marketing plan. That's just a sampling of the many useful articles we have on Marketing a Small Business.
Building Up Your Sales
Do you know how to sell? In order to attract customers to your new Malvern business, you need to focus on sales.
So what does it take to bring in more prospects and close more business? Fortunately, we've got plenty of good advice to help you improve your selling skills.
Sales Prospecting is a good article to read, one of dozens in the Selling for Entrepreneurs section of our site.
What's Next?
As an entrepreneur in Malvern, you won't be working for the boss anymore. You are the boss.
If you choose the right business and love what you do, you will greatly increase your odds of success.
This site is all about helping entrepreneurs in Malvern and elsewhere to achieve real success. We want to be there for you to answer your business questions, whether you are a new Malvern entrepreneur who is just getting started or you are already up and running with your new venture.
More Entrepreneurial Resources for Starting a Business in Malvern, Arkansas
Here are more links that we believe will help you be successful in starting a business in Malvern.
- Resources for Malvern, Arkansas Entrepreneurs - Browse a variety of resources we've collected to assist Malvern entrepreneurs.
- Arkansas Entrepreneurial Resources - We've gathered state-level entrepreneurial resources to help new entrepreneurs who are based in Arkansas.
- Arkansas Small Business Development Center - The Arkansas Small Business Development Center (ASBDC) is a University-based economic development program which provides assistance to entrepreneurs and small businesses throughout Arkansas via a statewide network of seven offices.
- Malvern, Arkansas Newspaper Ad Rates - This is a nearly comprehensive list of advertising rates for Malvern, Arkansas newspapers, including ad costs for newspapers serving the Malvern area.
- Malvern, Arkansas Radio Advertising Prices - To help you in your marketing efforts, we've gathered radio advertising rates for Malvern, Arkansas area radio stations.
- Malvern, Arkansas Payroll Services - This list includes Malvern, Arkansas payroll services, national payroll services for Malvern, and helpful information on choosing a Malvern payroll service.
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